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Business & Finance

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Subsea rock installation vessel; Credit: Jan De Nul
Business & Finance

Finnish firm to arm Jan De Nul’s subsea rock installation vessel with propulsion package

Finland-headquartered propulsion specialist Steerprop has been entrusted with equipping a new subsea rock installation vessel with a complete propulsion package. Once constructed, this ship is destined to join the fleet of Jan De Nul, a dredging and offshore contractor.

about 11 months ago
Askeladden rig; Source: Equinor
Business & Finance

Two North Sea wildcats on 2017-built rig’s drilling list next month

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Norwegian state-owned energy giant Equinor has secured a drilling permit for two exploration wells in the North Sea off the coast of Norway, which will be drilled using a rig managed by KCA Deutag, operating under the umbrella of Helmerich & Payne (H&P).

about 11 months ago
DeepOcean
Business & Finance

DeepOcean answers subsea oil & gas tie-back call in UK waters

Norwegian ocean services provider DeepOcean has been hired for a subsea tie-back assignment related to a hydrocarbon field development on the UK Continental Shelf (UKCS).

about 11 months ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

One-year encore for Odfjell Drilling’s rig with Norwegian oil & gas operator

Odfjell Drilling, a 52-year-old offshore drilling player, has secured a contract extension with Norway’s oil and gas player Aker BP for a 2019-built semi-submersible rig, which is on a drilling assignment on the Norwegian Continental Shelf (NCS).

about 11 months ago
The final countdown: Preparing for OEEC 2025
Business & Finance

The final countdown: Preparing for OEEC 2025

[PRESS RELEASE BY NAVINGO BV] The energy is rising as we enter the final countdown to the 18th edition of the Offshore Energy Exhibition & Conference (OEEC), taking place on 25–26 November at RAI Amsterdam. In less than one week, thousands of professionals from across the offshore energy sector will

about 11 months ago
Seapiper vessel; Courtesy of Boskalis
Business & Finance

Boskalis’ subsea rock installation vessel kicks off its first European gig with Equinor

Dutch offshore services provider Boskalis has embarked on a mission to slide into place many tens of thousands of tons of rock for Norway’s state-owned energy giant Equinor in the North Sea, using a subsea rock installation vessel, which previously worked mostly in Taiwan and Australia.

about 11 months ago
Illustration; Source Shell
Business & Finance

Shell halves its stake in UK gas discovery as Ithaca comes aboard

Ithaca Energy, a North Sea oil and gas operator and producer, has put the wheels in motion to acquire a non-operated stake from Shell UK, a subsidiary of the UK-headquartered energy giant Shell, in a gas discovery located West of Shetland, about 175 kilometers northwest of the Shetland Isles.

about 11 months ago
Nordsee One offshore wind farm
Business & Finance

Shell buys offshore wind power for new electrolyzer plant in Germany

Shell has signed a five-year power purchase agreement (PPA) with Nordsee One GmbH, a joint venture between Northland Power (85%) and RWE (15%), for the Nordsee One offshore wind farm in Germany. Under the PPA, which will take effect from June 2027, Shell will offtake approximately one-third of the a

about 11 months ago
Transocean Barents rig; Source: OMV Petrom
Business & Finance

Transocean rig trio staying longer in South America and Europe

Transocean, an offshore drilling giant, has lined up more work off the coasts of Brazil, Norway, and Romania for one of its drillships and two semi-submersible rigs.

about 11 months ago
Sonardyne adds another task to its contract for UK’s first offshore CCS project
Business & Finance

Sonardyne adds another task to its contract for UK’s first offshore CCS project

Underwater technology company Sonardyne has added more work to its existing contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, for the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough

about 11 months ago
TGS wins contract extensions in Norway, about to start 3D survey in Brazil
Business & Finance

TGS wins contract extensions in Norway, about to start 3D survey in Brazil

Norwegian energy data and intelligence company TGS has secured an extension for its current contracts with what it says is a major international energy company, for reservoir monitoring and source services on the Norwegian Continental Shelf (NCS). The contracts cover the provision of reservoir monit

about 11 months ago
Ekofisk complex; Courtesy of ConocoPhillips
Business & Finance

North Sea oil & gas portfolio recalibration in progress with another asset swap deal

Norwegian oil and gas player DNO has struck a new asset exchange deal to high-grade its North Sea portfolio. The latest move will enable it to swap assets with Orlen Upstream Norway, a subsidiary of Poland’s Orlen. The all-cash transactions are conditional on customary government approvals.

about 11 months ago
Noble Intrepid (former Maersk Intrepid) jack-up rig; Source: Noble Corporation
Business & Finance

Page ends up being blank as North Sea drilling ops yield no oil

DNO Norge, a subsidiary of Norwegian oil and gas player DNO, has not found black gold during the drilling of a well in the North Sea off the coast of Norway, which was conducted with a rig owned by Noble Corporation, a U.S.-headquartered offshore drilling giant.

about 11 months ago
Appomattox, a Shell-operated production hub in the U.S. Gulf (for illustration purposes); Source: Shell
Business & Finance

$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers

Against the backdrop of concerns over hydrocarbon production rates, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have secured over $27.14 billion in profits

about 11 months ago