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Business & Finance

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Transocean Endurance rig; Source: Songa Offshore
Business & Finance

Go-ahead for Norwegian oil & gas firm to kick off drilling ops with Transocean rig

OKEA has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
In focus: Transitioning to low-carbon energy future through green hydrogen corridors
Business & Finance

In focus: Transitioning to low-carbon energy future through green hydrogen corridors

This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen

about 3 years ago
Maersk
Business & Finance

Maersk’s 1st methanol-powered feeder gears up for sea trials as keel is laid for 1st larger ship from the series

The world’s first feeder vessel powered by green methanol is nearing construction completion and is getting ready to embark on its sea trials later this month. The 172-meter-long feeder was launched on April 4 at South Korea’s Hyundai Mipo Dockyard and it is being built for Denmark-based industry ma

about 3 years ago
Antonio Guterres, UN Secretary-General; Credit: Kiara Worth/UNFCCC
Business & Finance

UN chief’s recipe to avert climate disaster: Beefing up renewables while cutting off investment in coal, oil & gas

The UN Secretary-General is adamant that countries need to progressively phase out fossil fuels and massively boost investment in renewables.

about 3 years ago
KNCC LCO2 carrier with LCO2-EP containment system
Business & Finance

KNCC sets course for Pilot’s Cliff Head CCS project

Knutsen NYK Carbon Carriers AS (KNCC) has signed a Memorandum of Understanding (MoU) with Pilot Energy Limited, an Australian oil and gas company that is pursuing to leverage its existing infrastructure to develop clean energy projects, to collaborate on an integrated solution for marine transportat

about 3 years ago
GSL
Business & Finance

MPCC builds a greener fleet with acquisition of five eco-design ships

Norwegian shipowner MPC Container Ships (MPCC) has finalized the acquisition of five eco-design vessels. With a total purchase price of $136.4 million, these acquisitions come with existing charter contracts from top-tier counterparties, which the company expects to solidify its revenue-generating c

about 3 years ago
Baker Hughes hired for ‘largest hydrocarbon discovery’ offshore Ivory Coast
Business & Finance

Baker Hughes hired for ‘largest hydrocarbon discovery’ offshore Ivory Coast

Baker Hughes has secured a subsea contract with Italian energy giant Eni and its partner Petroci to deploy its deepwater technology for an oil and gas field offshore the Ivory Coast. Under the contract, which includes eight deepwater trees, Baker Hughes will deliver three Aptara manifolds, the relev

about 3 years ago
Floatel Superior; Source: Floatel International
Business & Finance

More North Sea work lined up for Floatel unit

Floatel International has been awarded a new deal for one of its units, which will work for Vår Energi in the North Sea off Norway.

about 3 years ago
COSL Promoter; Source: COSL Drilling
Business & Finance

COSL Drilling to handle three nonconformities on rig

Norwegian offshore safety regulator has carried out an audit of COSL Drilling and its management of helideck operations on one of its rigs.

about 3 years ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business & Finance

Odfjell tasked with tackling nonconformities on semi-sub rig

Norwegian regulator has carried out an audit of Odfjell’s management of the working environment and helideck operations on a semi-sub rig.

about 3 years ago
Talos Energy
Business & Finance

Ex-Shell manager becomes new Talos CFO

Houston-based oil and gas player Talos Energy has named a new Chief Financial Officer (CFO), after it current one decided to step down from the role.

about 3 years ago
AKOFS Seafarer; Source: AKOFS Offshore
Business & Finance

All systems go for Equinor to dispatch AKOFS vessel for well intervention work off Norway

Equinor has received consent from Norway’s regulator to use one of AKOFS Offshore’s well intervention vessels on multiple fields on the NCS.

about 3 years ago
TechnipFMC
Business & Finance

TechnipFMC and Chevron ink 20-year framework agreement

TechnipFMC has signed a 20-year framework agreement with Chevron Australia under which it will provide its subsea production systems to the energy giant. Under the framework agreement, TechnipFMC may provide its Subsea 2.0 configure-to-order subsea production systems for gas field developments off A

about 3 years ago
Illustration; Source: Tower Resources
Business & Finance

UK oil & gas firm gleans more insight into Namibian asset’s hydrocarbon prospectivity

Tower Resources has undertaken a basin and thermal maturity study within its operated license PEL 96 in Namibia.

about 3 years ago
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