Business & Finance
ConocoPhillips expands Australian portfolio by taking operatorship of offshore permit
ConocoPhillips has executed a joint operating agreement (JOA) with 3D Oil in relation to the offshore Victorian Permit VIC/P79.
UAE’s energy giant claims new world record for the longest well
UAE’s ADNOC has announced a new world record for the longest oil and gas well has been set at its Upper Zakum Concession.
Vos Prodect cable hang-offs for Danish offshore wind farms
Hellenic Cables has awarded Vos Prodect with a contract to deliver its sealed cable hang-off systems for the Vesterhav Nord and Syd offshore wind farms in the Danish North Sea. Vos Prodect said it will perform an extensive test program at the testing facility using the 66kV cross-linked polyethylene
Three key elements could help boost production in North Sea, UK regulator says
Oil and gas production in the North Sea could be boosted in the coming years through a series of measures recommended by the NSTA.
Minesto’s interim financial figures go further down
Swedish tidal energy developer Minesto has reported wider losses for the first nine months of fiscal year 2022, compared to the same period a year earlier.
Dutch govt urged to introduce investment allowance ‘to avoid risks to energy security’
Neptune Energy has called on the Dutch government to introduce an investment allowance in its plans to raise levies on energy companies.
Panoro Energy to enlarge its position in Equatorial Guinea
London-based Panoro Energy has agreed to farm-in into the Kosmos Energy-operated Block S offshore Equatorial Guinea.
Saipem wins the largest single offshore contract in its history
Saipem has secured a contract by Qatargas worth approximately $4.5 billion, the largest single offshore contract by value in its history.
Tender for new turbines soon to be launched for wave energy power plant in Spain
The Energy Agency of the Basque Government (EVE) has confirmed it would soon launch a €3.2 million public procurement process for the purchase of new turbine technology for the Mutriku wave energy power plant.
Equinor facing protests over one of the biggest new oil and gas projects in UK
Norwegian state-owned Equinor is facing a massive digital protest against the company and its operated Rosebank project, located West of Shetland.
Hanwha goes ahead with $1.4 bln DSME takeover deal as no other bids turn up
South Korea’s defense and energy conglomerate Hanwha Group will proceed with the acquisition of a majority stake in the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The duo signed a tentative takeover deal in September that would see Hanwha Group acquire a 49.3 percent sta
Commissioning of Baltic Pipe receiving terminal further postponed
The commissioning of the Baltic Pipe receiving terminal in western Denmark is set to be further postponed due to continued technical challenges. The receiving terminal for gas from the Norwegian Europipe II pipeline was initially planned to be commissioned on 8 October but was postponed to 20 Octobe
FPSO Petrojarl Foinaven goes to M.A.R.S.
M.A.R.S. has been awarded a major EU Green Recycling contract for Teekay’s Petrojarl Foinaven FPSO.
Landmark agreement signed to progress Australian interconnector
The Australian, Tasmanian and Victorian governments have reached a funding agreement to build the 1,500 MW bi-directional Marinus Link interconnector between Victoria and Tasmania. The Australian government funding is part of the $20 billion Rewiring the Nation plan to transform the country’s electr