Business & Finance
How will UK’s energy windfall tax hike impact oil & gas players?
Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.
Environmentalists call on Biden to stick to ‘no new drilling’
Earthjustice has urged Biden to put a stop to new drilling and ongoing fossil fuel extraction on U.S. federal lands and offshore territories.
Rig gearing up to drill oil & gas prospect in Caspian Sea
KazMunayGas and Lukoil have set the wheels into motion to mobilise a rig to carry out drilling ops in the Caspian Sea in mid-December.
New assignments for DOF vessels
Norway’s DOF Group has secured multiple new jobs in the Atlantic region with an undisclosed operator in West Africa.
OMV sets up new corporate structure for sustainable growth
Austrian oil and gas company OMV has introduced its new corporate structure to deliver on ambitions to become a net-zero company, which will come into effect on 1 January 2023. According to OMV, the new structure is designed to fully enable the delivery of Strategy 2030 and drive its transition towa
Africa turning into hotspot for oil & gas exploration as investments reach $5.1 bln in 2022
Total capital expenditures (capex) for oil and gas exploration in Africa rose from $3.4 billion in 2020 to $5.1 billion in 2022.
Core Power CEO: Biggest ships can benefit the most from nuclear power
The largest ocean-going vessels, which are the largest polluters, can reap the greatest benefits from the new nuclear power technologies, according to Mikal Bøe, CEO of London-based Core Power.
‘Huge day’ for Europe as Baltic Pipe goes full throttle
Baltic Pipe has reached its full capacity, connecting gas systems in Norway, Denmark and Poland, ensuring security of supply in Europe.
The Rig emerges from stormy North Sea wrapping crew in supernatural thriller galore
Amazon Prime is bringing a new supernatural thriller series, the first Amazon Original to be filmed entirely in Scotland, titled The Rig.
After wrapping up work for Equinor, Valaris rig goes for periodic survey
Valaris has revealed that one of its jack-up rigs, which recently worked for Equinor, will be undergoing a ten-year special periodic survey.
New North Sea gig for Floatel unit
Floatel International has been awarded a new deal for one of its units, which will work in the North Sea, offshore Norway.
INEOS and Sempra finalise 1.4 mtpa Port Arthur LNG deal
US LNG company Sempra Infrastructure has concluded a long-term sale and purchase agreement (SPA) with London-based energy player INEOS for the supply of LNG from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. As per the agreement, INEOS will purchase approximate
ADES expands its fleet with another jack-up rig
Malaysia’s offshore services provider Icon Offshore has wrapped up the sale of a jack-up drilling rig to ADES in Saudi Arabia.
Consortium gets €3.5M boost to develop tropical storm-proof OTEC system
EU’s key funding program for research and innovation, Horizon Europe, and UK Research and Innovation (UKRI) have awarded €3.5 million to a new consortium that aims to design an ocean thermal energy conversion (OTEC) system capable of surviving in tropical storm areas. The PLOTEC consortium was launc