Business & Finance
OMV gearing up for North Sea well
The Norwegian Petroleum Directorate (NPD) has granted OMV a drilling permit for a well in the North Sea offshore Norway.
Normand Ocean to undergo update as it scores new DeepOcean contract
Solstad Offshore has signed a new contract with DeepOcean for its construction support vessel (CSV) Normand Ocean. Normand Ocean, which has been on contract with DeepOcean since 2014, will now be on firm contract until the end of 2023. The CSV will be utilized on DeepOcean’s inspection, maintenance,
Ørsted raises its own 2030 offshore wind bar to 30 GW
Ørsted has decided to accelerate its global build-out of renewable energy and has now set a goal to reach around 50 GW of installed renewable energy capacity by 2030, of which 30 GW will come from offshore wind. Reaching this target will see the company investing approx. DKK 350 billion (approx. € 4
Mission Innovation 2.0 to spearhead $250 billion clean energy innovation decade
At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo
Neptune creates digital twins for North Sea platforms
Neptune Energy has announced the digitisation of five of its operated offshore platforms in the Dutch, Norwegian, and the UK North Sea.
Equinor gets nod to use Floatel unit on Martin Linge
Norway’s PSA has given Equinor consent to use a Floatel International-owned accommodation rig on the Martin Linge field off Norway.
Saga Pure invests in LNG and hydrogen technologies
Norwegian green investment company Saga Pure has completed NOK 30 million ($3.6 million) investment in IC Technologies, a company for liquid hydrogen and LNG storage solutions.
Norwegians developing subsea 3D printing tech
Norway’s Kongsberg Ferrotech has teamed up with Equinor, SINTEF and Gassco to develop and test 3D printing technology as a repair method on the seabed. The 3D printing technology will be integrated in the company’s underwater maintenance and repair robot the Nautilus. According to Kongsberg Ferrotec
OMV elects new CEO as Seele heads out
Austrian oil and gas company OMV has named a new CEO of the company as its current boss is set to resign from the role.
Oldendorff Carriers bolsters fleet with newbuild, second-hand bulker purchases
German dry bulk operator Oldendorff Carriers has continued with the expansion of its fleet through several deals made with Japanese partners.
Taking over where Faroe left off, Longboat to buy seven wells from mystery operator in Norway
Longboat Energy, established by the former management of Faroe, will carry out fundraising to pay for seven wells in Norway.
Repairs on Johan Castberg FPSO hull to delay completion by a year
Due to challenges faced in constructing the hull and equipment for the Johan Castberg FPSO, the project is now about a year behind schedule.
Seabased to build utility-scale wave energy park in France
Swedish wave energy company Seabased has unveiled plans to build a 10MW wave power park at Audierne Bay, located in the French region of Brittany.
UK: New scheme emerges for rapid decarbonisation of oil & gas assets with floating wind and hydrogen
A plan to accelerate the decarbonisation of oil & gas assets through a 200-turbine floating wind and hydrogen development has been revealed.