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Business & Finance

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Four firms net EPCI subsea contract for giant Black Sea natural gas project
Business & Finance

Four firms win EPCI subsea contract for giant Black Sea gas project

Turkish Petroleum has awarded a contract for subsurface solutions for the second phase of what is said to be one of Türkiye’s largest energy projects ever built to four companies. Subsea 7 confirmed the award of the “major” contract by Turkish Petroleum for the second phase of the Sakarya field deve

about 3 years ago
Gasum terminates natural gas supply contract with Gazprom Export while long-term LNG deal remains in place
Business & Finance

Gasum terminates natural gas supply contract with Gazprom Export while long-term LNG deal remains in place

Nordic energy company Gasum has terminated the long-term natural gas supply contract with Russia’s Gazprom Export while the long-term LNG supply contract between the two companies remains in place. On 22 May 2023, Gasum announced its decision to terminate the natural gas supply contract following Ga

about 3 years ago
OSM Maritime
Business & Finance

OSM Maritime and Thome merger cleared, paving way for creation of ship management powerhouse

Competition authorities have approved the merger of ship management companies OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. “This is a big day for

about 3 years ago
More work for Expro with Harbour Energy
Business & Finance

More work for Expro with Harbour Energy

UK-headquartered energy services provider Expro has secured a new contract with Harbour Energy for a well abandonment campaign as part of a decommissioning project on the UK Continental Shelf. The multi-year contract, valued at more than $20 million, will see Expro use its Subsea Well Access technol

about 3 years ago
Quebec government to invest $8.7mln in development of smart corridor
Business & Finance

Quebec government to invest $8.7mln in development of smart corridor

The Quebec government has decided to invest $8.7 million in the development of the St. Lawrence Smart Corridor.

about 3 years ago
Noble Faye Kozack (for illustration purposes); Source: Noble Corp.
Business & Finance

U.S. offshore rig count loses upward traction and slips down a notch

Following two weeks of slow growth, the number of offshore rigs in the U.S. dropped down to 21 units last week.

about 3 years ago
Marine license in place for Scottish subsea electricity superhighway
Business & Finance

Marine license in place for Scottish subsea electricity superhighway

SSEN Transmission has secured a marine license for its proposed new subsea electricity superhighway along the east coast of Scotland. The Eastern Green Link 2 project, delivered in partnership with National Grid Electricity Transmission (NGET), will see the creation of a subsea transmission cable fr

about 3 years ago
Petrobras
Business & Finance

Petrobras bringing sale of 22 onshore and shallow water fields closer to the finish line

Petrobras has been ticking all precedent conditions off the list for the sale of its interest in a Brazilian cluster to close this deal.

about 3 years ago
ONE Stork
Business & Finance

ONE, Wan Hai pay $2.65 M in civil penalties

Prominent container shipping lines Ocean Network Express Ptd. Ltd. (ONE) and Wan Hai Lines, Ltd. and Wan Hai Lines (USA) Ltd. (Wan Hai) have paid a combined total of $2.65 million in civil penalties to resolve allegations of misconduct brought by the U.S. Federal Maritime Commission. Singapore-based

about 3 years ago
A Coast Guard Station Freeport 45-foot Response Boat-Medium boatcrew rescues three boaters aboard an oil rig after their vessel began sinking near Freeport, Texas; Credit: U.S. Coast Guard photo by St
Business & Finance

Gallery: Three stranded offshore workers rescued from oil rig in U.S. waters

The U.S. Coast Guard has carried out a rescue mission of three offshore workers from an oil rig off the coast of the United States.

about 3 years ago
Modular offshore platform; Source: Aquaterra Energy
Business & Finance

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago
UK opens its first national robotics center for offshore renewables
Business & Finance

UK opens its first national robotics center for offshore renewables

The UK’s first-of-its-kind national robotics center for offshore renewable energy has been opened at Offshore Renewable Energy (ORE) Catapult’s testing facility in Blyth. The Digital, Autonomous and Robotics Engineering (DARE) Centre will provide an opportunity for developers, researchers and the wi

about 3 years ago
Illustration (Courtesy of ICE)
Business & Finance

Tidal energy scheme in Liverpool eyes consenting management services

Liverpool City Region Combined Authority (LCRCA) is looking to secure consenting management services to advance the development of the Mersey tidal range project.

about 3 years ago
Oil & gas firm awarded offer of CO2 storage licenses in UK's first-ever such round
Business & Finance

Oil & gas firm secures offers in UK’s first-ever CO2 storage licensing round

UK oil and gas company EnQuest has secured the offer of carbon storage licenses as part of the UK’s first-ever round of carbon sequestration licenses issued by the North Sea Transition Authority (NSTA). The license offers are within application areas known as Northern North Sea 1 and Northern North

about 3 years ago
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