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Business & Finance

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Business Developments & ProjectsProject & TendersFossil EnergyOil & GasExploration & ProductionRigsAuthorities & GovernmentRegulation & PolicyCablingOffshore WindPipesSubseaVesselsVessels & VehiclesEquipmentInnovationOutlook & StrategyLiquefied Natural GasProduction & ProcessingFPSO & VesselsOperations & MaintenanceCollaboration
Liquid Wind receives €3.6 million boost for e-fuel project in Sweden
Business & Finance

Liquid Wind receives €3.6 million boost for e-fuel project in Sweden

Swedish e-fuel plant developer Liquid Wind has been granted €3.6 million (SEK39 million) in funding for its e-methanol project in Örnsköldsvik.

about 1 year ago
Culzean field in the North Sea. Source: TotalEnergies
Business & Finance

Serica splashes hundreds of millions on BP’s stake in UK’s largest producing gas field

UK-based upstream oil and gas player Serica Energy is expanding its North Sea footprint by setting the wheels in motion to acquire the entire interest the UK-headquartered energy giant BP holds in a natural gas field, which is considered the biggest producing gas asset on the UK Continental Shelf (U

about 1 year ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP is on a roll with sixth major project up and running: More North Sea oil & gas unlocked

UK-headquartered energy giant BP has brought online an oil and gas field in the North Sea, which is developed as a subsea tie-back to an existing platform on the UK Continental Shelf (UKCS).

about 1 year ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Go-ahead clears path for Odfjell Drilling-managed rig’s ops in Norway

Norway’s oil and gas company OKEA has secured the Norwegian authorities’ blessing for drilling activities in the Norwegian Sea, which is expected to be undertaken using one of Odfjell Drilling-managed semi-submersible rigs.

about 1 year ago
Fincantieri subsidiary to equip Jan De Nul's new vessel with advanced rock placement system
Business & Finance

Fincantieri subsidiary to equip Jan De Nul’s new vessel with advanced rock placement system

Remazel Engineering, a company of Italian shipbuilding group Fincantieri, has secured a contract for the delivery of a high-capacity rock placement system for Jan De Nul’s recently ordered subsea rock installation vessel (SRIV). Jan De Nul reported some ten days ago that it had ordered the new SRIV,

about 1 year ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Green light for Vår Energi to spud North Sea exploration well

Vår Energi, Norway’s oil and gas player, has obtained the Norwegian authorities’ blessing for drilling activities in the North Sea off the coast of Norway.

about 1 year ago
Snam plans to convert Oristano LNG coastal storage facility into FSRU; Source: Higas
Business & Finance

Snam eyes Higas acquisition and FSRU conversion in LNG expansion move

Italy’s energy infrastructure operator Snam has made a play for Higas, a company that owns a liquefied natural gas (LNG) coastal storage facility in Oristano, Sardinia.

about 1 year ago
UK firm delivering equipment to back deepwater drilling off Guyana
Business & Finance

UK firm delivering equipment to back deepwater drilling off Guyana

London-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana, described by the company as a strategically important energy region. Hunting secured the $20 million contract early t

about 1 year ago
FPSO Triton
Business & Finance

North Sea FPSO closing in on restart date

UK-based upstream oil and gas player Serica Energy is engaged in talks with Dana Petroleum to come up with a way to improve the performance of a floating production, storage, and offloading (FPSO) vessel, which is being prepared to resume limited production from Serica’s North Sea asset on the UK Co

about 1 year ago
Testing entailed the bidirectional transfer of LNG from the Avenir Aspiration small LNG carrier to the FSRU Toscana, and vice versa; Source: OLT Offshore LNG Toscana
Business & Finance

Italy makes its first foray into small scale LNG service with OLT’s auctions

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has launched the first auctions for a small scale liquefied natural gas (LNG) (SSLNG) service, achieved through a bidirectional LNG transfer at its floating storage and r

about 1 year ago
Borgland Dolphin rig; Source: Dolphin Drilling
Business & Finance

Repsol books Dolphin Drilling’s 1977-built rig for multi-well work

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has turned a letter of intent (LoA) into a multimillion-dollar rig deal with Repsol, a Spanish multinational energy and petrochemical co

about 1 year ago
Illustration; Source: SLB
Business & Finance

Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp

SLB has signed on the dotted line to pool resources with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the redevelopment of two oil and gas fields in the Caspian Sea to augment production from these mature assets off the coast of Azerbaijan.

about 1 year ago
Gjøa; Source: Vår Energi
Business & Finance

North Sea operator steps up oil project’s game with boost in production and reserves

Norwegian upstream oil and gas player Vår Energi has ramped up its production and reserves from a field in the North Sea by bringing online a new low-pressure project off the coast of Norway.

about 1 year ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

Equinor gets the all-clear to deploy export solution for North Sea gas

Equinor has received the Norwegian authorities’ blessing for a new gas export solution, which will create an alternative path for gas exports from a platform in the North Sea to bolster Norway’s energy security.

about 1 year ago
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