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Business & Finance

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L7 field; Credit: Menno Mulder/TotalEnergies EP Nederland
Business & Finance

TotalEnergies picks marine warranty surveyor for decom work in North Sea

ABL Group has been appointed as marine warranty surveyor for the decommissioning operations at a field in the Dutch sector of the North Sea.

about 3 years ago
QatarEnergy and Namibia's ministry ink deal to strengthen energy cooperation
Business & Finance

QatarEnergy and Namibia’s ministry ink deal for energy cooperation

Qatar’s state-owned energy giant QatarEnergy and Namibia’s Ministry of Mines and Energy have signed a Memorandum of Understanding (MoU) with the aim of strengthening cooperation in the energy sector. The MoU, said to pave the way for continued cooperation, covers areas such as knowledge sharing, wor

about 3 years ago
Illustration; Source: Zenith Energy
Business & Finance

Canadian player in process of finalising terms for oilfield in West Africa

Zenith Energy is working on getting its hands on a production sharing contract (PSC) for a block containing an oilfield off Benin.

about 3 years ago
Illustration; Source: United Oil & Gas
Business & Finance

UK oil & gas firm gets more time for acquisition of North Sea discovery

Quattro Energy has experienced a delay in the acquisition of United Oil & Gas’ asset in the North Sea with an existing hydrocarbon discovery.

about 3 years ago
Bauge template picked up by Ocean Installer at Randaberg Industries; Credit: Ørjan Richardsen/Equinor
Business & Finance

Norwegian Sea tie-back to recently upgraded platform comes online

Equinor has started production from a field, which has been tied back to a recently upgraded platform in the Norwegian Sea.

about 3 years ago
Ammonia
Business & Finance

In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts

The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb

about 3 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites

Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.

14 minutes read
Global wave and tidal energy market poised to reach $10 bln by 2031, report shows
Business & Finance

Global wave and tidal energy market poised to reach $10 bln by 2031, report shows

Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re

about 3 years ago
Transocean Norge; Source: Transocean
Business & Finance

Green light for Wintershall Dea to kick off drilling ops with Transocean rig

Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
OPT's next-generation wave energy converter buoy starts ocean tests
Business & Finance

OPT’s wave energy converter buoy starts ocean tests

US-based marine energy company Ocean Power Technologies (OPT) has commenced the first ocean tests of its next-generation increased power wave energy converter buoy.

about 3 years ago
Overseas Anacortes oil tanker; Source: OSG
Business & Finance

Coast Guard medevacs oil tanker captain off Alabama

The U.S. Coast Guard has performed an evacuation via helicopter of a 69-year-old captain from an oil tanker 218 miles offshore Alabama.

about 3 years ago
Next-gen autonomous subsea robot hits the water
Business & Finance

Next-gen autonomous subsea robot hits the water

Nauticus Robotics has kicked off a commissioning exercise of the first of three second-generation Aquanauts autonomous subsea robots, dubbed the Mark 2 (MK2). Following commissioning, Nauticus plans to send the initial Aquanaut MK2 units to the North Sea and the Gulf of Mexico in the coming months t

about 3 years ago
Argos semi-submersible offshore platform in the U.S. Gulf of Mexico; Source: BP
Business & Finance

BP cheers first oil from its new deepwater Gulf of Mexico platform

BP has kicked off oil production from its fifth operated production platform in the U.S. Gulf of Mexico and the first new one since 2008.

about 3 years ago
Illustration; Source: The Danish Energy Agency
Business & Finance

Oil and renewables steal the spotlight, as natural gas consumption takes a downturn in 2022

The Danish Energy Agency has published the preliminary energy statistics for 2022, outlining that natural gas consumption declined last year.

about 3 years ago
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