The Danish Ministry of Climate, Energy and Supply has granted the country’s first-ever permits for full-scale CO2 storage in the North Sea. In the first round of tenders for storing CO2 in the Danish North Sea, three permits have been awarded, two to TotalEnergies EP Danmark, and one to a consortium
Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.
Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.
Saudi Arabia’s Ministry of Industry and Mineral Resources has issued the first industrial operating license for NEOM Green Hydrogen Company (NGHC), an equal joint venture between NEOM, ACWA Power, and Air Products, based in Oxagon. When complete, NGHC is expected to be the largest at-scale green hyd
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.
Northern Drilling has raised $10 million for litigation costs arising from the ongoing arbitration pertaining to cancelled orders for two drillships with the South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME).
As part of the MerVent 2025 project, French LNG containment specialist GTT has received €4.66 million in funding from a French public investment bank Bpifrance for the design of an onboard CO2 capture system and for the development of intelligent operational performance solutions. Within the framewo
Northern Ireland-based decommissioning specialist Decom Engineering has commenced 2023 with a number of international contracts said to be valued at over seven figures. Decom Engineering reported that it had secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties wit
Ashtead Technology, the UK-headquartered international subsea rental equipment and solutions specialist, has entered into a multi-year rental agreement with Maritime Robotics, a Norwegian provider of unmanned technology solutions.
Danish fuel cell developer and manufacturer Blue World Technologies has launched CellPack™ Stationary, a methanol fuel cell-based power generator. According to Blue World, with high efficiency, a continuous power output, a pure methanol fuel system, and IoT-based remote monitoring, the CellPack™ Sta
Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.
UK-headquartered supplier of downhole sealing solutions and technology BiSN has secured a contract with what it describes is a “major oil and gas operator” to deploy its alloy barrier technology in the North Sea. Under the three-year contract, which features two one-year extensions, BiSN will provid
Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.
Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.
