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Business & Finance

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Fossil EnergyOil & GasAuthorities & GovernmentBusiness Developments & ProjectsExploration & ProductionProject & TendersRegulation & PolicyRules & RegulationVesselsAmmoniaClean FuelHydrogenLow-Carbon TransitionCarbon Capture Usage & StorageEnvironmentMarket OutlooksOutlook & StrategyTransitionGreen MarineCollaborationInfrastructureResearch & DevelopmentCablingDeepwater InstallationSubseaVisionPropulsionCertification & ClassificationEquipmentRigsOther FuelsShipbuildingEnergy Efficiency & InnovationDecommissioning
Njord A (for illustration purposes); Credit: Jan Arne Wold & Elisabeth Sahl/Equinor
Business & Finance

Norway’s gas output nosedives while oil grows

Norway’s gas output has fallen below the one recorded during the month before, last year, and the NPD’s forecast.

about 3 years ago
FSO Palanca; Source: Stapem Offshore
Business & Finance

Another delay bumps acquisition timeline for stakes in Angolan offshore blocks to next month

Afentra plc has run into another delay in completing the deal with Angola’s state-owned oil and gas company Sonangol.

about 3 years ago
Havila Borg; Source: Havila
Business & Finance

Assignments for two Havila vessels prolonged

Norwegian offshore vessel operator Havila Shipping has secured contract extensions for two of its platform supply vessels (PSVs).

about 3 years ago
Equinor's Hywind Tampen wind farm in the North Sea; Source: Equinor
Business & Finance

UK and Norway’s energy transition tale spotlights oil & gas electrification, offshore wind, CCS, and hydrogen as main chapters

Westwood has looked at the UK and Norway’s net-zero targets and steps being taken to decarbonise the oil and gas industry.

about 3 years ago
Northern Lights
Business & Finance

K Line, partners forge ties with JFE Steel on creation of CCS value chain rooted in Japan

Japanese industry majors Japan Petroleum Exploration Co. (JAPEX), JGC Holdings Corporation (JGC HD), Kawasaki Kisen Kaisha (K LINE), and JFE Steel Corporation have joined hands to embark on a collaborative evaluation with the goal of establishing a carbon capture and storage (CCS) value chain rooted

about 3 years ago
Subsea 7's offer to acquire DOF's entire issued share capital about to expire
Business & Finance

Subsea 7’s offer to acquire DOF’s entire issued share capital about to expire

Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h

about 3 years ago
Credit; IISD/ENB/Kiara Worth
Business & Finance

Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges

The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.

about 3 years ago
BAR Technologies
Business & Finance

BAR Technologies wins DNV’s type approval

UK tech provider BAR Technologies (BARTech) has been awarded a full Type Approval Design Certificate (TADC) for its wind propulsion technology – BAR Technologies WindWings by Yara Marine Technologies (WindWings) – from classification society DNV. Since being awarded an Approval In Principle (AIP) fo

about 3 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Gas found at TotalEnergies’ UK well but volumes most likely sub-commercial

TotalEnergies has finished drilling a prospect off the coast of the United Kingdom (UK), using one of Transocean’s semi-submersible rigs.

about 3 years ago
Bell Bay Powerfuels Project in Tasmania moves forward
Business & Finance

Bell Bay Powerfuels Project in Tasmania moves forward

Hydro Tasmania and Bell Bay Powerfuels have signed a term sheet for the sale of the decommissioned Bell Bay Power Station following an Expression of Interest process launched by Hydro Tasmania in December 2022. Australian company ABEL Energy said the selection of the site now accelerates the develop

about 3 years ago
Wisdom Marine taps Tsuneishi for one more Handysize bulker
Business & Finance

Wisdom Marine taps Tsuneishi for one more Handysize bulker

Taiwanese shipping major Wisdom Marine is moving further with the modernization and expansion of its bulker fleet with a 42,2000 dwt bulker. The company revealed earlier this month that it had received clearance from its Board of Directors (BoD) to order the bulker from Japanese shipbuilding major T

about 3 years ago
FuelOpt
Business & Finance

Teekay Tankers brings FuelOpt installation across 29 tankers

Oil shipping company Teekay Tankers has signed agreements to equip 25 additional tankers with Yara Marine Technologies’ FuelOpt propulsion optimization technology. The order follows the installation and evaluation of FuelOpt onboard Zenith Spirit in 2021, followed by a further three vessels in 2022.

about 3 years ago
THREE60 Energy
Business & Finance

Multi-million euro decom deal brings work on 13 offshore wells to UK player

THREE60 Energy has secured a well decommissioning contract to plug and abandon multiple offshore wells in Europe.

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Neptune cleared to deploy Odfjell Drilling-managed rig for ops in North Sea

Neptune Energy has received consent to use an Odfjell Drilling-managed semi-submersible rig for drilling activities in the North Sea.

about 3 years ago
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