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Business & Finance

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FPSO Espoir Ivoirien; Source: BW Offshore
Business & Finance

More time for BW Offshore FPSO off Ivory Coast

BW Offshore has secured a short-term contract extension for one of its FPSOs, which is working at a field located offshore the Ivory Coast.

about 3 years ago
Santorini drillship; Source: Saipem
Business & Finance

Eni books Saipem drillship for two additional years

Saipem has been awarded a two-year extension by Eni for one of its drillships, which is currently working in the U.S. Gulf of Mexico.

about 3 years ago
Sustainable Marine's PlAT-I 6.4 tidal energy platform (Courtesy of Sustainable Marine)
Business & Finance

Sustainable Marine drops Nova Scotia tidal energy project as federal government faces backlash over missed opportunity

Sustainable Marine, a company that achieved an important milestone for Canada with a first-ever grid-connected floating tidal energy platform in Grand Passage, has decided to withdraw its application for the development of projects in the Bay of Fundy due to the lack of a transparent regulatory proc

about 3 years ago
JV for large-scale LPG and bulk liquids export terminal launches in Canada
Business & Finance

JV for large-scale LPG and bulk liquids export terminal launches in Canada

Dutch tank storage company Royal Vopak and North American energy infrastructure company AltaGas have announced the execution of definitive agreements for a new 50/50 joint venture (JV) to further evaluate the development of the Ridley Island Energy Export Facility (REEF), a large-scale liquefied pet

about 3 years ago
'Bitter disappointment' as UK rejects support for €29.5B project to import renewable energy from Morocco
Business & Finance

‘World’s longest HVDC cable project’ backed with £30 million funding

Xlinks has secured £30 million in funding for the development of what is described as the world’s longest HVDC subsea cable that will link Morocco to the UK. In the early development funding round, £25 million comes from Abu Dhabi National Energy Company PJSC (TAQA) and £5 million from energy techno

about 3 years ago
Aoka Mizu FPSO; Source: Hurricane Energy
Business & Finance

Hurricane sees takeover bid as ‘fair and reasonable’

Hurricane has advised its shareholders that the terms of the takeover offer, which were received from Prax, are in their best interest.

about 3 years ago
Inseanergy's floating solar unit (Courtesy of Inseanergy)
Business & Finance

Inseanergy goes public with its fundraising campaign

Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has opened a fundraising campaign, targeting €855,000 to further advance its business.

about 3 years ago
Offshore Energy at WindEurope: UK-Netherlands multi-purpose interconnector launches (Video)
Business & Finance

Offshore Energy at WindEurope: UK-Netherlands multi-purpose interconnector launches (Video)

UK energy market regulator Ofgem has received the application for an electricity interconnector license for the recently announced LionLink multi-purpose interconnector that will connect the UK and the Netherlands. The application was submitted by National Grid Lion Link Limited for a license that w

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Norwegian oil & gas player ready to spud North Sea wildcat

DNO has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Aker BP all set to kick off drilling ops in North Sea with Saipem rig

Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
Borr Drilling's Ran jack-up rig; Credit: Wintershall Dea/Frank Meyer
Business & Finance

‘Major’ oil discovery for Wintershall Dea offshore Mexico

Wintershall Dea has made a significant oil discovery at an exploration prospect located in shallow waters of the Cuenca Salina off Mexico.

about 3 years ago
Nexans secures loan guarantees for UK export cable contract
Business & Finance

Nexans secures loan guarantees for UK export cable contract

Nexans Norway has secured NOK 2 billion (around £155 million) in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract. The transaction covers the export and installation of high-voltage subsea cables for the Moray West offshore wind farm off the coast

about 3 years ago
GoliatVind illustration; Source: Vår Energi
Business & Finance

Three players pursuing floating offshore wind opportunities at Barents Sea oil field

Vår Energi has entered into a collaboration with Odfjell Oceanwind and Source Galileo to explore floating offshore wind in the Barents Sea.

about 3 years ago
Illustration; Source: Bureau Veritas
Business & Finance

Is gas paving the way for the hydrogen revolution?

In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

about 3 years ago
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