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Business & Finance

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Illustration; Source: EIA
Business & Finance

Warm weather brings down U.S. natural gas price forecast

The U.S. Energy Information Administration (EIA) has lowered the U.S. natural gas price forecast for this year.

about 3 years ago
Aida pRIMA, Costa Cruises
Business & Finance

Costa Group, Proman to drive adoption of methanol as a marine fuel for the cruise industry

Carnival Corporation’s Costa Group and Proman, a top methanol producer, have signed a Memorandum of Understanding (MoU) to advance the use of methanol as a marine fuel for the cruise industry. The partnership aims to accelerate the energy transition and decarbonization of the existing fleet by impro

about 3 years ago
New company for offshore services comes to market
Business & Finance

New company for offshore services comes to market

France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos

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

Two shallow gas pilot holes on Aker BP’s drilling agenda in Norwegian Sea

Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
FuelCell Energy and MHB to develop large-scale electrolyzer facilities
Business & Finance

FuelCell Energy and MHB to develop large-scale electrolyzer facilities

US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Z

about 3 years ago
Equinor's 20-year-old Norwegian Sea field gets lifetime extension
Business & Finance

Equinor’s 20-year-old Norwegian Sea field gets lifetime extension

The Norwegian Petroleum Directorate (NPD) has granted Equinor consent for the extended use of the subsea facility on the Mikkel field in the Norwegian Sea for another five years. Mikkel lies on the Halten Bank, 35 kilometers south of the Midgard deposit in the Åsgard license. It produces through the

about 3 years ago
Asso.subsea connects Greek island-based wind farm to mainland (Gallery)
Business & Finance

Asso.subsea connects Greek island-based wind farm to mainland (Gallery)

Asso.subsea has completed the installation of the 150 kV submarine cable system which will connect a 330 MW onshore wind farm on the Greek island Evia to the country’s mainland grid. The company announced on 16 February the completion of the submarine export cable installation and protection for the

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

Aker BP getting ready to spud North Sea prospect with Saipem rig

Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.

about 3 years ago
Lhyfe obtains permit for second hydrogen production site in Brittany, France
Business & Finance

Lhyfe obtains permit for second hydrogen production site in Brittany, France

French hydrogen producer Lhyfe has acquired the construction permit for its second green and renewable hydrogen production site in the Morbihan region of Brittany, France, and is about to begin preparatory construction work. Lhyfe will produce green and renewable, or in other words totally carbon-fr

about 3 years ago
Illustration (Courtesy of FLORES Project)
Business & Finance

EU project FLORES kicks off to boost skills in offshore renewables sector

EU-backed Forward Looking at the Offshore Renewables (FLORES) project has been officially launched to develop tools and activities to foster the development of skills in the offshore renewable energy sector.

about 3 years ago
T-15 tender assisted drilling barge; Source: Aquadrill
Business & Finance

New job for Aquadrill rig

Offshore drilling contractor Aquadrill, formerly known as Seadrill Partners, has secured a new contract for one of its rigs offshore Thailand.

about 3 years ago
Japanese oil and gas player expands footprint off Malaysia
Business & Finance

Japanese oil and gas player expands footprint off Malaysia

Japan’s oil and gas producer Inpex has secured two offshore hydrocarbon exploration licenses in Malaysia’s latest bid round. Inpex reported on 15 February that it had executed production sharing contracts (PSC) with Petroliam Nasional Berhad (Petronas), Petronas Carigali Sdn. Bhd. (PCSB) and Petrole

about 3 years ago
JERA and TAQA enter decarbonisation partnership
Business & Finance

JERA and TAQA enter decarbonisation partnership

Japanese energy major JERA has signed a Memorandum of Understanding (MOU) with Abu Dhabi National Energy Company (TAQA) that will see them explore opportunities to work together to develop projects in the area of decarbonisation. The partnership follows JERA’s efforts to develop business in the Midd

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Despite traces of hydrocarbons, Equinor comes up dry in North Sea well

Norwegian state-owned energy giant Equinor has completed the drilling of an appraisal well in the North Sea but failed to find hydrocarbons.

about 3 years ago
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