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Business & Finance

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FPSO Abo; Source: BW Offshore
Business & Finance

Two FPSOs get more work in Nigeria and Ivory Coast

BW Offshore has secured short-term contract extensions for two FPSOs, working on fields located off Nigeria and the Ivory Coast, respectively.

about 3 years ago
Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore gets financing from 13 banks for largest Brazil-bound FPSO

SBM Offshore has completed the project financing of an FPSO, which is destined to work at the Búzios field off Brazil, for a total of $1.63 billion.

about 3 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Development project off Gabon days away from first oil

BW Energy has wrapped up the drilling and completion operations at the first well in in its multi-well drilling campaign offshore Gabon.

about 3 years ago
King Charles III and German president voice support for NeuConnect energy link
Business & Finance

King Charles III and German president voice support for NeuConnect energy link

The NeuConnect energy link that will connect Germany and the UK for the first time is a “key project” and highlights how closely the two countries are working together to make their economies climate-neutral, German President Frank-Walter Steinmeier said during the visit of UK’s King Charles III to

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

Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale

The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids.

about 3 years ago
Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders
Business & Finance

Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders

Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok

about 3 years ago
NKT secures €500 million offshore wind contract
Business & Finance

NKT secures €500 million offshore wind contract

Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately €500 million in market prices. The contract will comprise

about 3 years ago
UK's government puts power link to Morocco on energy security radar
Business & Finance

UK’s government puts power link to Morocco on energy security radar

The UK Government is considering the viability and merits of the Xlinks Morocco–UK Power Project to understand how it could contribute to the UK’s energy security, the government announced in a recent policy paper. The Morocco-UK Power Project is a multi-technology renewable energy project with appr

about 3 years ago
ADNOC Offshore
Business & Finance

UAE player scopes up $2.6 bln deal while unveiling new turnkey offering to ‘revolutionise offshore oil and gas logistics’

ADNOC Logistics & Services has revealed a new deal with ADNOC Offshore, which amounts to $2.6 billion (AED9.5 billion).

about 3 years ago
Marathon Oil
Business & Finance

Chevron, Marathon Oil and Equatorial Guinea govt pursuing further development of Gas Mega Hub

Heads of Agreement (HOA) has been inked to move forward with the next phases in the development of Equatorial Guinea’s Gas Mega Hub (GMH).

about 3 years ago
Four out of six companies awarded CO2 storage license offshore Norway
Business & Finance

Four out of six companies awarded CO2 storage licenses offshore Norway

The Norwegian Ministry of Petroleum and Energy has awarded two new exploration licenses for CO2 storage on the Norwegian continental shelf in the North Sea to four companies. The two exploration licenses are located in the southern part of the North Sea. The eastern license is offered to Aker BP and

about 3 years ago
PSV Energy Swan; Source: Golden Energy
Business & Finance

Repsol prolongs platform supply vessel’s assignment

Golden Energy Offshore Services (GEOS) has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol.

about 3 years ago
Norsepower
Business & Finance

IINO Lines to install Norsepower rotor sails on a newbuild VLGC

Finnish cleantech company Norsepower Oy has signed a contract with global shipping company IINO Lines for the delivery and installation of two Norsepower Rotor Sails™ on a newbuild Very Large Gas Carrier (VLGC). The LPG dual-fuel vessel was delivered today from Daewoo Shipbuilding & Marine Engineeri

about 3 years ago
Greater Buchan Area concept; Source: Jersey Oil & Gas
Business & Finance

UK oil & gas player firming up farm-out talks with ‘well-funded industry heavyweight’

Jersey Oil & Gas plc is in the process of finalising a farm-out process with an undisclosed operator for an asset in the North Sea.

about 3 years ago
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