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Business & Finance

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Fresh gas discovery in Norwegian Sea puts tie-back potential on the table
Business & Finance

Fresh gas discovery in Norwegian Sea puts tie-back potential on the table

Norwegian state-owned energy giant Equinor has made a new commercial gas discovery in the Norwegian Sea using an Odfjell Drilling-owned rig.

about 3 years ago
Lien on five rigs to secure Transocean’s $1.175 billion of senior secured notes due 2030
Business & Finance

Lien on five rigs to secure Transocean’s $1.175 billion of senior secured notes due 2030

Transocean has kicked off a private offering of $1.175 bln of secured notes due in 2030 to cover the redemption of outstanding existing ones.

about 3 years ago
Gasunie joins hydrogen storage pilot project in Germany
Business & Finance

Gasunie joins hydrogen storage pilot project in Germany

Energy infrastructure company Gasunie has partnered up with the storage operator STORAG Etzel for H2CAST, the hydrogen storage project in the Etzel caverns in the German state of Lower Saxony. Gasunie said that with H2CAST, which stands for H2 CAvern Storage Transition, the two companies, together w

about 3 years ago
UK firm chosen to drill well offshore Isle of Man
Business & Finance

UK firm chosen to drill well offshore Isle of Man

Isle of Man-based Crogga Limited has awarded Aberdeen-based energy services company THREE60 Energy with a contract to drill an appraisal well this year in the Crogga gas field in the Irish Sea. The 112/25a-2 appraisal well, called Independence, will be used to establish commercial flow rates of gas

about 3 years ago
New FPSO sets foot in Brazil for final commissioning before production start-up
Business & Finance

New FPSO arrives in Brazil for final commissioning ahead of production start-up

MODEC’s new FPSO has arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s energy giant, Petrobras.

about 3 years ago
UK’s first licensing round since 2019 brings 115 bids from 76 oil & gas firms
Business & Finance

UK’s first licensing round since 2019 brings 115 bids from 76 oil & gas firms

The UK’s 33rd offshore oil and gas licensing round has attracted a total of 115 bids across 258 blocks and part-blocks from 76 companies.

about 3 years ago
Image credit HAROPA PORT
Business & Finance

HAROPA PORT reveals €590m investment in decarbonized industrial cluster

In 2022, HAROPA PORT, France’s leading port, saw over half a billion euros invested in the development of a decarbonized industrial cluster at the port. “The ecological and energy transition account for 16% of the port’s investments in 2022 and will increase to 19% in 2023,” the port authority said.

about 3 years ago
UK partnership aims to 'revolutionize' subsea cutting with new system
Business & Finance

UK partners developing new system to ‘revolutionize’ subsea cutting

A partnership comprising Acteon’s Claxton, the University of Aberdeen, the National Decommissioning Centre, and the Net Zero Technology Centre is developing a gas-jet system expected to “revolutionize” subsea cutting. The Underwater Laser Cutting (UWLC) technology is said to improve efficiency when

about 3 years ago
UK player buying North Sea discovery from compatriot firm
Business & Finance

UK player snaps up North Sea discovery

Quattro Energy has entered into a binding deal to buy a license in the Central North Sea, which includes an existing oil discovery.

about 3 years ago
OMV gearing up to drill two North Sea wells
Business & Finance

OMV gearing up to drill two North Sea wells

OMV has secured a drilling permit from Norway’s authorities for two exploration wells in the Norwegian part of the North Sea.

about 3 years ago
Euronav
Business & Finance

CMB seeks dismissal of Euronav’s Supervisory Board members

Euronav’s shareholder Compagnie Maritime Belge NV (CMB) is asking for the dismissal of all five members of the tanker giant’s Supervisory Board following the failed merger with Frontline. The company has issued a request to Euronav requesting for a special general meeting of the Supervisory Board as

about 3 years ago
Semi-sub rig to sport new filterless ballast water management system
Business & Finance

Semi-sub rig to sport new filterless ballast water management system

Island Drilling has decided to retrofit its semi-submersible drilling rig with Ecochlor’s EcoOne filterless ballast water management system (BWMS).

about 3 years ago
Island Drilling’s rig secures additional work in Africa
Business & Finance

Island Drilling’s rig secures additional work in Africa

Island Drilling has been awarded a contract extension for its semi-submersible rig, which will prolong the rig’s assignment off Mauritania.

about 3 years ago
Aker Solutions to deliver subsea equipment to TotalEnergies' oil development off Brazil
Business & Finance

Aker Solutions to deliver subsea equipment for TotalEnergies’ oil development off Brazil

Aker Solutions has secured a contract with French energy giant TotalEnergies for the delivery of the subsea production system, tools and related EPCI interfaces for the Lapa South West field construction offshore Brazil. The development concept located in the pre-salt Santos Basin is a subsea tie-ba

about 3 years ago
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