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Business & Finance

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RWE’s Eemshaven facility; Source: Neptune Energy
Business & Finance

New cross-border carbon storage project to explore potential for ship transport and industrial clusters across Europe

Neptune and CapeOmega have announced a project concept for a cross-border CO₂ storage development for industrial emitters across Europe.

about 3 years ago
Scana company scores contract with ‘international subsea’ firm
Business & Finance

Scana company scores contract with ‘international subsea’ firm

Scana-owned PSW Technology has entered into an agreement with an undisclosed international subsea customer for deep-water blowout preventer (BOP) stack services.

about 3 years ago
Argeo Searcher and SeaRaptor AUV duo on duty in the North Atlantic
Business & Finance

Argeo Searcher and SeaRaptor AUV duo on duty in the North Atlantic

Argeo’s new subsea vessel Argeo Searcher has begun its first assignment after a conversion program, carrying out ultra deep-water work in the North Atlantic. The news comes shortly after Argeo Searcher underwent a “rigorous” conversion and shakedown program. The vessel is equipped with two SeaRaptor

about 3 years ago
Valaris 118, formerly known as Joe Douglas; Source: BP
Business & Finance

Valaris builds on ‘contracting success’ from 2022 with new floater and jack-up deals in 2023

Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

about 3 years ago
DOF’s high-end subsea vessel to stay busy until 2025
Business & Finance

DOF’s high-end subsea vessel to stay busy until 2025

DOF Subsea has received a contract extension from an undisclosed client for its subsea construction and equipment installation vessel Skandi Africa.

about 3 years ago
West Tellus drillship; Source: Seadrill
Business & Finance

Seadrill drillship starts work off Brazil

Seadrill has confirmed that one of its drillships kicked off its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras.

about 3 years ago
Seismic surveys for gas exploration offshore Greece reach finish line
Business & Finance

Seismic surveys for gas exploration offshore Greece reach finish line

A survey campaign exploring potential natural gas deposits has been completed over two areas in Greece’s exclusive economic zone (EEZ) in which ExxonMobil and Helleniq Energy hold licenses. Norway’s PGS carried out the 2D seismic surveys at the offshore areas deemed as West and Southwest of Crete. T

about 3 years ago
Leviathan partners set the ball rolling for Israeli floating LNG terminal
Business & Finance

Leviathan partners set the ball rolling for Israeli floating LNG terminal

Partners in the Leviathan gas field offshore Israel have approved budgets for 2023 which include nearly $100 million for the expansion of the existing infrastructure and preparation of the future floating LNG terminal. Said to be the largest energy project in Israel’s history, the deep-sea field sta

about 3 years ago
Enagás meets 2022 targets, boosts its 2030 strategic plan
Business & Finance

Enagás meets 2022 targets, boosts its 2030 strategic plan

Spanish energy company Enagás has announced that all its objectives set for 2022 have been achieved and the degree of execution of its 2022-2030 strategic plan is higher than expected. Enagás’ net profit on 31 December 2022 amounted to €375.8 million, exceeding the target for the year. The significa

about 3 years ago
LNG carrier
Business & Finance

South Korea’s shipbuilding orderbook surges to over $7 bln amid strong demand for high-end dual-fuel ships

South Korean shipbuilders are resuming their winning streak from last year as they reap fruit from the growing demand for high-end ships featuring dual-fuel propulsion and advanced technology. The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this

about 3 years ago
Illustration; Source: NPD; Credit: Morten Berentsen
Business & Finance

Norway sees lower oil and higher gas output in January

Norway’s oil & gas output in January 2023 is lower than in December 2022, but the gas production is still higher than last year and NPD’s predictions.

about 3 years ago
Another electricity interconnector secures UK license
Business & Finance

Another electricity interconnector secures UK license

After granting three electricity interconnector licenses earlier this month, UK energy market regulator Ofgem has awarded another one, this time for a project that is set to link the UK and the Netherlands. A gas interconnector license was granted to NU-Link Interconnector UK Ltd on 9 February, auth

about 3 years ago
U.S. Bureau of Safety and Environmental Enforcement (BSEE)
Business & Finance

Following offshore worker’s injury in Gulf of Mexico, BSEE sets forth five recommendations

BSEE has outlined five recommendations for oil and gas operators that could assist in avoiding potential incidents on the Outer Continental Shelf (OCS).

about 3 years ago
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