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Business & Finance

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QatarEnergy hands out $10 bln EPC contract for NFS project
Business & Finance

QatarEnergy hands out $10 bln EPC contract for NFS project

Qatar’s state-owned oil and gas company QatarEnergy has awarded the engineering, procurement and construction (EPC) contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC). As disclosed, the EPC contract is worth around $10 b

about 3 years ago
Northern Lights
Business & Finance

Northern Lights director: Market for CO2 transport and storage is evolving rapidly

Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project

about 3 years ago
Unity platform; Source: INEOS
Business & Finance

UK windfall tax hike stokes fears of a collapse in North Sea oil & gas investments

A lot of the money that was scheduled to go into the North Sea is being switched to the U.S. where oil and gas investments are booming.

about 3 years ago
SolarDuck’s offshore floating solar pilot platform dubbed King Eider (Courtesy of SolarDuck)
Business & Finance

SolarDuck sets up Norwegian floating solar base

Floating solar developer SolarDuck has opened an office in Norway, which will serve as the company’s global business development center.

about 3 years ago
Hengli Shipbuilding
Business & Finance

Reborn Hengli Shipbuilding secures order for bulker quartet

Hengli Shipbuilding (Dalian) Co., Ltd., a subsidiary of Hengli Heavy Industry Group, has announced that it has won a major newbuilding contract with Haixing Shipping, a domestic shipowner, for four 82,000 deadweight ton (DWT) bulk carriers. The company said that the order officially marks the yard’s

about 3 years ago
Gjøa platform; Source: Neptune Energy
Business & Finance

Neptune hands out multi-year deal for drilling activities

Neptune Energy has awarded a long-term contract for drilling activities on the Norwegian Continental Shelf (NCS) to Tenaris.

about 3 years ago
Prysmian hires Solstad vessel for another 7 years
Business & Finance

Prysmian hires Solstad vessel for another 7 years

Solstad Offshore’s construction support vessel (CSV) Normand Pacific has secured a new contract with Italian cabling giant Prysmian for work within renewable energy. Prysmian Powerlink awarded Solstad with a new seven-year contract for the CSV. The contract is firm until 31 December 2030. In additio

about 3 years ago
Worksite with flange and scaffolding, where the skillet was being installed; Source: BSEE
Business & Finance

Two offshore workers injured in ‘black plume of smoke’ during work at U.S. platform

BSEE has looked into the circumstances surrounding injuries two workers suffered during a skillet installation at an offshore platform.

about 3 years ago
WFR Oilfield Services
Business & Finance

Neptune Energy picks Dutch player for offshore ops in North Sea

WFR Oilfield Services has entered into an agreement with Neptune Energy for the provision of a wide range of well testing services.

about 3 years ago
Njord field in the Norwegian Sea; Credit: Even Kleppa/Lizette Bertelsen – Equinor
Business & Finance

Norwegian oil & gas field back in operation for 20 more years of production

Equinor has officially reopened a field in the Norwegian Sea for production after the platform and the FSO underwent extensive upgrades.

about 3 years ago
Sustainable Marine's PLAT-I 6.40 floating tidal energy platform (Courtesy of Sustainable Marine)
Business & Finance

Sustainable Marine’s Canadian business goes bust over DFO permitting issues

Sustainable Marine Energy’s Canadian subsidiary has been placed into voluntary bankruptcy, citing permitting issues with Fisheries and Oceans Canada (DFO) as the main reason behind the development.

about 3 years ago
Illustration; Source: U.S. Navy
Business & Finance

U.S. takes steps to boost naval presence, as Iran gets its hands on another oil tanker

To put a stop to Iran’s recent vessel seizures, the U.S. is going to bolster naval patrols in and around the Strait of Hormuz.

about 3 years ago
Tenders canceled for Poland-Lithuania submarine interconnector
Business & Finance

Tenders canceled for Poland-Lithuania submarine interconnector

Two tenders have been canceled for a submarine interconnection project that is set to link Lithuania’s and Poland’s electricity systems due to exceeding the investment budget in the offers. Lithuanian transmission system operator (TSO) Litgrid has decided to cancel the procedure for selecting a cabl

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

More Norwegian gas on the horizon, as another discovery comes to light

Equinor has made a new gas and condensate discovery near the Kristin field in the Norwegian Sea, using an Odfjell Drilling-owned rig.

about 3 years ago
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