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Business & Finance

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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
Rovco's new COO comes from Mermaid Subsea Services
Business & Finance

Rovco’s new COO comes from Mermaid Subsea Services

UK’s Rovco has appointed Fraser Moonie, previously Regional Director for Mermaid Subsea Services UK, as its new Chief Operating Officer (COO) as part of the company’s global expansion targets. Shortly before taking over the role at Rovco, Moonie worked to bring the Asia-based subsea contractor Merma

about 3 years ago
Vard to make Norwegian platform supply vessel more sustainable
Business & Finance

Vard to make Norwegian platform supply vessel more sustainable

Norway-based Vard Electro has secured a contract with compatriot REM Offshore to deliver an energy storage system for a platform supply vessel (PSV) that will undergo a retrofit project. The order covers a comprehensive SeaQ package that includes an energy storage system, drives, energy management s

about 3 years ago
EC backs LOTOS Green H2 in hydrogen production, approves Polish measure
Business & Finance

EC backs LOTOS Green H2 in hydrogen production, approves Polish measure

The European Commission (EC) has approved, under EU State aid rules, a €158 million Polish measure to support LOTOS Green H2, a special purpose vehicle ultimately owned by PKN Orlen SA, in the production of renewable hydrogen to be used in the refinery production processes. The LOTOS’s Green H2 proj

about 3 years ago
Fugro's Blue Essence becomes first-ever UAE-flagged uncrewed surface vessel
Business & Finance

Fugro’s Blue Essence becomes first UAE-flagged uncrewed surface vessel

Fugro has received full navigation licensing from the UAE Ministry of Energy and Infrastructure for its Blue Essence uncrewed surface vessel (USV). The navigation licensing for Fugro Pegasus represents the first registration of an over-the-horizon USV in the UAE, making the Blue Essence USV the firs

about 3 years ago
Wärtsilä, Höegh LNG and partners to develop ammonia as hydrogen carrier with Norwegian backing
Business & Finance

Wärtsilä, Höegh LNG and partners to develop ammonia as hydrogen carrier with Norwegian backing

Finnish technology group Wärtsilä and Norway-based Höegh LNG, together with other partners, have received funding of approximately €5.9 million (around $6.4 million) from the Norwegian government for the development of ammonia as a hydrogen carrier for the energy market. The funding is part of Norwa

about 3 years ago
Hod B platform; Source: Aker BP
Business & Finance

Aker BP cleared to deploy vessel with gangway for access at multiple offshore assets

Aker BP has received consent from the Norwegian regulator to use a vessel with gangway for access (W2W) for work on three fields off Norway.

about 3 years ago
Nigerian government files immigration suit against Seplat Energy
Business & Finance

Nigerian government files immigration suit against Seplat Energy

The Federal Government of Nigeria has filed criminal charges against energy company Seplat Energy and some of its directors and officers over an alleged breach of the Immigration Act. In a statement issued on 13 April, Seplat Energy reported that the suit is in relation to the immigration status of

about 3 years ago
Maersk’s Njord and partners to work on fuel-saving tech backed by carbon credits
Business & Finance

Maersk’s Njord and partners to work on fuel-saving tech backed by carbon credits

Greenheart, a subsidiary of Hayfin Capital Management, has partnered with green tech business Njord and maritime consulting firm Marsoft to work on fuel-saving technologies for retrofits underpinned by carbon credits.

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

Aker BP finds more oil in North Sea thanks to new discovery

Norwegian oil and gas player Aker BP has made a new oil discovery in the North Sea off Norway, using a Saipem-owned rig.

about 3 years ago
Semco Maritime
Business & Finance

Two players join forces in Denmark to pursue ‘wealth of opportunities’ in oil & gas

Noreco has entered into a strategic deal with Semco Maritime to identify, explore and investigate opportunities in the oil and gas sector.

about 3 years ago
Noreco
Business & Finance

Norwegian oil & gas firm eyes more offshore acreage in North Sea

Noreco, to be renamed BlueNord, has set the wheels into motion to participate in a mini-round of licencing in the Danish North Sea.

about 3 years ago
Uranus rig; Source: Trillion Energy
Business & Finance

Rig spuds fifth well in Black Sea drilling campaign

Trillion Energy has started drilling the fifth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Landsvirkjun teams up with Linde on clean hydrogen and e-fuel projects
Business & Finance

Landsvirkjun teams up with Linde on clean hydrogen and e-fuel projects

Icelandic energy company Landsvirkjun and global industrial gases and engineering company Linde have signed a collaboration agreement that is expected to facilitate energy transition in Iceland through the development of clean hydrogen and e-fuel projects. Landsvirkjun said the partnership will comb

about 3 years ago
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