Business & Finance
Parkmead agrees ‘in principle’ to become Platypus operator
Independent oil and gas Parkmead has agreed ‘in principle’ to take over operatorship of the Platypus project in the North Sea from Dana Petroleum.
Giant Pioneering Spirit vessel gets second lift system
Allseas has equipped its Pioneering Spirit vessel with a second lift system capable of removing and installing complete jackets in one go.
Axess to continue providing periodic surveys for Odfjell rigs
Axess Group and rig owner Odfjell Drilling have signed an extension of a frame agreement held between the companies since 2016.
Höegh LNG going private approved
Shareholders of Norway’s floating terminal projects company Höegh LNG have voted in favor of the merger plan with funds managed by Morgan Stanley Infrastructure Partners.
Ørsted unveils plans for large offshore wind-to-hydrogen project
Ørsted has unveiled plans for the development of one of the world’s largest renewable hydrogen plants, powered by offshore wind, which would be linked to industrial demand in the Netherlands and Belgium. The project, named SeaH2Land and planned to be built by 2030, would comprise a renewable hydroge
Saipem forms energy transition services joint venture
Italian oilfield services provider Saipem and consulting and advisory services provider Hyperion Systems Engineering have joined forces to create a new company specialised to support clients in the energy transition.
Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says
Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy.
Aker BP obtains safety consents for vessel operations in Norway
Norwegian oil and gas company Aker BP has received two consents from the country’s offshore safety regulator, the Petroleum Safety Authority.
Vår Energi secures permits for four North Sea wells
The Norwegian Petroleum Directorate has granted Vår Energi a drilling permit for four wells located in the North Sea offshore Norway.
Fugro agrees $16M Seabed Geosolutions sale
Dutch survey contractor Fugro has reached a binding agreement with PXGEO Seismic Services to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for $16 million in cash.
Prysmian inks € 200 million export cable contract for Sofia offshore wind farm
Prysmian Group and RWE Renewables have finalised the contract for the export cable connection of the 1.4 GW Sofia offshore wind farm, worth more than € 200 million. The contract, which follows the preferred bidder agreement from November 2020, includes the development of the turn-key high voltage su
Floatel gets Martin Linge extension
Floatel International has been awarded a contract extension for one of its units from Equinor for operations on the Martin Linge field offshore Norway.
Nexans, Bureau Veritas join forces to lower offshore wind export cable risks
Bureau Veritas (BV) and Nexans have signed a partnership agreement to reduce risk and promote best practices for turnkey deliveries of high voltage power cables used for connecting offshore wind farms to onshore grids. With insurers’ studies confirming that high voltage power cables are among the mo
Neptune amends volume estimate for Dugong discovery
Neptune Energy has reduced its volume estimate for the Dugong discovery, located in the North Sea, following an appraisal well drilling.