Business & Finance
Lundin makes minor oil discovery in North Sea
Oil and gas company Lundin Energy Norway has made a minor oil discovery near the Solveig field in the North Sea off Norway.
PKN Orlen and Northland Power finalize Polish offshore wind deal
Northland Power and PKN Orlen have finalized their strategic partnership under which Northland Power is acquiring a 49% stake in the 1.2 GW Baltic Power offshore wind project in Poland. After fulfillment of the conditions precedent, including merger clearance, stipulated in the joint venture agreeme
Aker Solutions gets subsea system order from ConocoPhillips
Aker Solutions has won a large contract from ConocoPhillips to provide a subsea production system for the Eldfisk North development offshore Norway.
Eni and Novatek kicking off drilling ops off Montenegro
Italy’s Eni and Russia’s Novatek are starting drilling operations in waters offshore Montenegro, using Vantage Drilling’s Topaz Driller jack-up rig.
Eni commits to oil & gas to renewables workforce transition
Eni and the University of Strathclyde have signed a Memorandum of Understanding (MoU) to develop a program to help the workforce from the oil & gas sector in Scotland transfer their skills to renewable energy technologies. Eni with Eni Corporate University and the Strathclyde University will work to
Saga Pure acquires stake in liquid hydrogen storage tech firm
Saga Pure ASA, a Norwegian company that recently switched its focus from shipping to renewables, has committed to subscribe for NOK 30 million ($3.5 million) in a private placement of new shares in IC Technologies AS (ICT).
Ineos to sell Norwegian oil & gas business for $615 million
Ineos Energy has made an agreement to sell its oil and gas business in Norway to PGNiG Upstream Norway for a consideration of $615 million.
Tenaris to provide line pipe for Northern Lights CCS project
Norwegian energy major Equinor has awarded Tenaris a deal for the supply of tubulars for the Northern Lights carbon capture and storage facilities off Norway.
Alpha Petroleum files Wenlock decommissioning plans
Alpha Petroleum has filed its draft decommissioning programme for the Wenlock field platform located off the UK to the country’s authorities.
Carnegie reaches debt-free status
Renewable energy company Carnegie Clean Energy has become debt-free following the conversion of the remaining convertible notes.
Corvus puts forward leasing for energy storage systems
Norway-based energy storage company Corvus Energy is now offering a global lease financing product in cooperation with Viridis Kapital to accelerate shipping’s green transition.
ScotWind offshore wind leasing back on track
Crown Estate Scotland has completed the review of the option structure for the ScotWind offshore wind leasing round, raising the maximum fee that might be paid per square kilometre of seabed from the previous GBP 10,000 (around € 12,000) to GBP 100,000 (around € 116,000). The Scottish seabed manager
Fincantieri teams up with Enel X to decarbonize ports
Italian shipbuilder Fincantieri and Enel X have signed a letter of intent to work together on building and running next-generation port infrastructure with a low environmental impact and developing electricity-powered solutions for ground logistics services. Enel X is the global business line of the
Floatel completes restructuring, cuts debt by $610 million
Offshore accommodation services provider Floatel International has completed its comprehensive balance sheet restructuring.