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Business & Finance

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FPSO Petrojarl I; Source: Enauta
Business & Finance

Enauta shuts down production from Brazilian well

Enauta has interrupted production from a well located on a field off Brazil only days after completing preventive maintenance for an FPSO.

about 3 years ago
Everfuel and Greenstat enter lease agreement with Elkem for Hydrogen Hub Agder
Business & Finance

Everfuel and Greenstat enter lease agreement with Elkem for Hydrogen Hub Agder

Via a project company Everfuel Greenstat Production 1 AS, Danish hydrogen fuel company Everfuel and Norwegian energy company Greenstat have signed an agreement with Norwegian producer Elkem for the long-term lease of land in the Fiskaa industrial area in Kristiansand, Norway, for the construction of

about 3 years ago
Subsea link to Orkney steps closer to reality
Business & Finance

Subsea link to Orkney steps closer to reality

UK energy market regulator Ofgem has provisionally approved SSEN Transmission’s plans to develop a subsea electricity transmission link to Orkney. SSEN Transmission submitted investment plans to Ofgem in March 2018 to build a new subsea transmission link to provide the additional capacity needed to

about 3 years ago
Brad Buckham from PRIMED showcasing a similar type of buoy-based wave data collection platform that will be deployed in the waters off Yuquot (Photo courtesy of UVic Photo)
Business & Finance

Canadian wave energy project gets over $700K funding boost

University of Victoria’s Pacific Regional Institute for Marine Energy Discovery (PRIMED) has secured C$1 million ($730,000) grant to progress a renewable energy microgrid project incorporating a wave energy device on Nootka Island in British Columbia.

about 3 years ago
Spain-France subsea interconnector to be developed in spite of 'sharp' rise in prices
Business & Finance

Spain-France subsea interconnector to be developed in spite of ‘sharp’ rise in prices

The Spanish regulatory authority the Comisión Nacional de los Mercados y la Competencia (CNMC) and the French counterpart the Commission de régulation de l’énergie (CRE) have reached an agreement on the distribution of financing for the electricity interconnector that will link France and Spain taki

about 3 years ago
PGS secures new 3D seismic acquisition contract in Namibia
Business & Finance

PGS secures new 3D seismic acquisition contract in Namibia

PGS has entered into an agreement with an undisclosed client to conduct a 3D exploration acquisition contract offshore Namibia.

about 3 years ago
Kristine Bangstad Fredriksen, Ocean Oasis co-founder and CEO (Courtesy of Ocean Oasis)
Business & Finance

Ocean Oasis raises capital to advance wave energy driven-desalination tech

Norwegian company Ocean Oasis has secured funding from the existing and new investors that will be used to further develop its wave energy-driven desalination technology.

about 3 years ago
Saipem and CTCI commission Nong Fab LNG terminal in Thailand
Business & Finance

Saipem and CTCI commission Nong Fab LNG terminal in Thailand

Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from

about 3 years ago
Skandi Achiever; Source: DOF
Business & Finance

$35 million in contracts for DOF Subsea offshore Brazil

DOF Subsea has secured a contract extension with Brazilian oil and gas giant Petrobras for its 106-meter-long diving support vessel (DSV) Skandi Achiever. The new commitment has commenced in direct continuation with the current one and will run until February 2024. It will include remotely operated

about 3 years ago
Van Oord enters partnership for uncrewed remote operations
Business & Finance

Van Oord enters partnership for uncrewed remote operations

Van Oord and Demcon unmanned systems have signed a strategic partnership agreement to collaborate in accelerating the developments in the field of uncrewed remote operations for marine purposes. The two companies have already collaborated for several years in the field of uncrewed surface vessel (US

about 3 years ago
Höegh Autoliners to purchase Höegh Berlin vessel for $34.25 million
Business & Finance

Höegh Autoliners to purchase Höegh Berlin vessel for $34.25 million

Norwegian shipowner Höegh Autoliners has agreed with the owner of the leased vessel Höegh Berlin to terminate the bareboat charter and purchase the vessel for a price of $34.25 million. According to Höegh Autoliners, the vessel was taken over on 1 March 2023. Höegh Berlin, built by Höegh at Daewoo S

about 3 years ago
Alex Doering; Source: Carnarvon Energy
Business & Finance

With current CFO stepping down, Carnarvon promotes from within to fill the role

Australian oil and gas company Carnarvon Energy has picked a new Chief Financial Officer (CFO), after its current one decided to resign.

about 3 years ago
A cross section of a 525 kV XLPE HVDC cable
Business & Finance

NKT and Prysmian win €3.8 billion worth of contracts for Dutch offshore wind grid connections

TenneT has selected NKT and Prysmian to install five 525 kV XLPE HVDC cable connections for grid projects which will link new Dutch offshore wind farms to the national grid. TenneT’s next-generation, 2 GW grid connections in the Netherlands are scheduled to be completed between 2028 and 2030. NKT wi

about 3 years ago
West Hercules rig; Source: Equinor; Credit: Ole Jørgen Bratland
Business & Finance

Once Norwegian Sea licence is dropped, Longboat plans to pick it up

Longboat Energy is seeking to forge a new group of partners to re-apply for a license in the Norwegian Sea, once it has been abandoned.

about 3 years ago
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