Business & Finance
In focus: Balancing act between energy security and net-zero goals
The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.
Paris-based firm buys iXblue
Paris-headquartered Groupe Gorgé has completed the acquisition of iXblue, bringing it under the same roof as ECA Group. According to iXblue, the two companies will benefit from a global workforce of 1,500 persons and will achieve an annual turnover of €250 million. “In addition to our complementary
Prosafe unit staying longer in UK North Sea
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units in the UK North Sea.
Denmark and Belgium sign landmark agreement for CO2 transport
Denmark, Flanders and Belgium have signed an agreement to cooperate on the transport of CO2 between the two countries with a view to permanent geological storage. Besides the framework on carbon capture, utilization, and storage (CCUS) cooperation, the parties have concluded an arrangement on how cr
Amogy launches operations in Norway; sets sights on commercializing ammonia-to-power technology
US-based ammonia power solutions company Amogy has launched operations in Norway and hired a former director at Yara Clean Ammonia to work on accelerating the company’s effort in commercializing its ammonia-to-power technology. Amogy announced the opening of its Norway operations on 29 September wit
EnQuest taps Allseas for North Sea platform topsides removal
EnQuest has achieved a milestone in the decommissioning of the Heather asset in the UK North Sea following the award of a topside removal contract.
Shell secures Maersk rig for operations in Brazil
Maersk Drilling has secured a contract from Shell for the provisioning of a semi-submersible rig in the Campos basin offshore Brazil.
Series of contracts to keep DOF fleet busy for over 680 vessel days
DOF Subsea has secured multiple contracts in the Atlantic region and in the Gulf of Mexico totaling more than 680 vessel days and bringing in around $108 million. DOF Subsea will use its Skandi Acergy, Skandi Constructor, Skandi Seven, Skandi Skansen, Skandi Hera and selected third-party vessels for
More work with Equinor added to Odfjell rig’s backlog
Equinor has decided to exercise its option to add another well to the backlog of an Odfjell Drilling-owned rig.
Enbridge acquires TGE to expand renewable business in North America
Canadian pipeline company Enbridge has acquired Tri Global Energy (TGE), the US renewable project developer, to speed up its growth strategy in North America. Enbridge has closed the acquisition for $270 million in cash and assumed debt. Additionally, up to approximately $50 million in payments coul
US DOE opens $10 million funding call for marine energy systems innovation
The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has released a $10.3 million funding opportunity to accelerate the development and testing of renewable marine energy technologies with a focus on wave and ocean current resources.
Double win for Wood in Brazil
Wood has been awarded two significant offshore contract extensions by Trident Energy and Equinor for services in Brazil.
MISC orders LNG carrier duo, secures long-term charter deals with ExxonMobil unit
MISC Berhad (MISC), an owner and operator of liquefied natural gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts. MISC’s subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-ter
Baker Hughes to take care of turbomachinery equipment on Eni’s FLNG
Baker Hughes has secured a new service contract for maintenance and monitoring of turbomachinery equipment at Coral Sul FLNG in Mozambique.