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Business & Finance

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EU ETS
Business & Finance

In focus: Cooperation in offshore energy sector is a bellwether for green transition

The “transition” part of the energy transition is beginning to show a more defined shape with each passing day as witnessed in a week behind us that was filled with announcements favoring the net-zero future coming from governments and all the way to private offshore energy companies. Industry major

about 3 years ago
Fatih drillship; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

‘World’s fastest offshore field development’ on stream, as first gas flows from huge Black Sea project

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Türkiye has tucked a new milestone under its belt with the achievement of first gas from a giant natural gas project in the Black Sea.

about 3 years ago
Carbon capture and storage (CCS) process; Source: Energy Information Australia, an initiative funded by the Australian Petroleum Production & Exploration Association (APPEA)
Business & Finance

Carbon capture utilisation and storage to bring ‘significant’ benefits to Australia

APPEA has thrown support behind the Climate Change Authority’s focus on carbon capture technology, as CCUS is seen as important for net-zero.

about 3 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Business & Finance

New task for Equinor to handle nonconformities at North Sea platform

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago
Panoro Energy
Business & Finance

UK oil & gas firm bolsters its position by taking sole ownership of Tunisian business

Panoro Energy has entered into a definitive agreement to acquire its 40 per cent shareholding in Sfax Petroleum Corporation (SPC).

about 3 years ago
Åsgard B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

Equinor gets clearance for modifications at Norwegian offshore platform

Norwegian offshore safety regulator has given Equinor consent to carry out modifications at a platform operating on a field in the Norwegian Sea.

about 3 years ago
Concept for Symphony Wave Power device (Courtesy of Symphony Wave Power)
Business & Finance

Dutch wave energy company submits application for EU project subsidy

Dutch-based Symphony Wave Power has submitted an application for EU subsidy, that would be used for the development of wave energy project offshore the Netherlands.

about 3 years ago
Acteon firm to deliver mooring piles for LLOG's Gulf of Mexico project
Business & Finance

LLOG turns to Acteon firm for mooring piles

An Acteon company has secured a contract to deliver mooring piles to LLOG Exploration Offshore for a floating production system (FPS) in the Gulf of Mexico. Acteon reported on 18 April that InterMoor, part of its engineering, moorings and foundations division, was selected to fabricate 12 mooring pi

about 3 years ago
Illustration; Source: BOEM
Business & Finance

U.S. steps up limit of liability cap for oil spills from offshore facilities

BOEM has made adjustments to the limit of liability for oil spills in the federal waters from offshore facilities.

about 3 years ago
Sonardyne's new technology comes to market
Business & Finance

Sonardyne’s new technology comes to market

Sonardyne has launched its new Acoustic Doppler Current Profilers (ADCPs) for application in the offshore renewable energy, marine research and defense sectors. The new Origin ADCPs feature an integrated modem for communications and positioning, new Edge processing capability and an ecosystem where

about 3 years ago
Fugro's Robodock ready for new trials
Business & Finance

Fugro’s Robodock ready for new trials

The Netherlands-headquartered Fugro has commenced another batch of trials for its Robodock platform for uncrewed vessels and drones. Following tests completed last year, Fugro is now gearing up for the second phase of trials testing Fugro Robodock with its 12-meter Blue Essence uncrewed surface vess

about 3 years ago
UNDP hires Boskalis to prevent 'enormous oil disaster' offshore Yemen
Business & Finance

UNDP hires Boskalis to prevent ‘enormous oil disaster’ offshore Yemen

Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove oil from a floating storage and offloading (FSO) facility moored off Yemen’s Red Sea coast. This Stop Red Sea Spill operation is a p

about 3 years ago
Brazilian oil & gas player hits daily production record
Business & Finance

Brazilian oil & gas player hits daily production record shortly after well restart

Brazilian oil and gas player Enauta has reached its new daily production record after it restarted production from a well that was temporarily shut down. Enauta temporarily halted the production from the 7-ATL-2HP-RJS well on the Atlanta field in March, days after completing the preventive maintenan

about 3 years ago
Kraken Robotics receives mystery $3 million subsea order
Business & Finance

Kraken Robotics receives mystery $3 million subsea order

Canada’s Kraken Robotics has received a $3 million purchase order from an undisclosed client for the delivery of its subsea batteries. According to Kraken, the SeaPower 6000-meter-rated batteries are based on the company’s pressure-tolerant gel encapsulation technology for lithium polymer batteries.

about 3 years ago