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Business & Finance

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Borgland Dolphin rig; Source: Dolphin Drilling
Business & Finance

Fresh potential rig assignment coming up on Dolphin Drilling’s horizon

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 secured a letter of intent (LoA) with an undisclosed company for one of its rigs.

about 1 year ago
COSL Prospector rig; Credit: COSL Drilling Europe
Business & Finance

Go-ahead for Vår Energi’s drilling ops in Barents Sea

Vår Energi, Norway’s oil and gas player, has obtained the green light for drilling activities in the Barents Sea, which will be carried out with COSL Drilling Europe’s semi-submersible rig.

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about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

North Sea oil & gas emissions cut by a third but further efforts required for UK’s net zero goals

As the UK’s offshore oil and gas industry faces a critical juncture in its emissions reduction pursuit, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has pushed for a boost in investment to meet net zero aspirations, as current efforts fall short of long-term decarbonization

about 1 year ago
Prysmian, Sembcorp and SACE collaborating on potential energy transition projects in Southeast Asia
Business & Finance

Prysmian, Sembcorp and SACE ink energy transition deal for Southeast Asia

Italian cabling company Prysmian Group has signed a Memorandum of Understanding (MoU) with Singapore’s state-owned energy giant Sembcorp Industries and Italy’s export credit agency and insurance and finance group SACE, controlled directly by the Ministry of the Economy and Finance, to explore opport

about 1 year ago
New financial chief to take the lead at Minesto
Business & Finance

New financial chief to take the lead at Minesto

Swedish ocean energy developer Minesto has appointed a new chief financial officer (CFO) who will take over the role as of October. According to Minesto, Alexander Jancke has a strong background in finance with experience spanning nearly ten years as a certified auditor and financial adviser at KPMG

about 1 year ago
Illustration; Source: United Oil & Gas
Business & Finance

License award paving the way for work to unlock Jamaican asset’s hydrocarbon potential

Ireland-headquartered and AIM-listed United Oil & Gas has secured a license off the coast of Jamaica, which is set to lend a helping hand in unleashing the hydrocarbon potential of the firm’s offshore asset.

about 1 year ago
ABL Group names new CEO as co-founder transitions to another role
Business & Finance

ABL Group names new CEO as co-founder transitions to another role

Energy and marine consultancy ABL Group has made changes to its executive management team with the appointment of a new chief executive officer (CEO), succeeding the company’s co-founder in the role. The new CEO, Hege Marie Norheim,. brings experience in oil & gas and renewables from roles of Senior

about 1 year ago
A photo of Sofia monopile foundations at EEW SPC
Business & Finance

Foundation, inter-array contractors selected for Gennaker offshore wind farm

Skyborn Renewables has signed preferred supplier agreements (PSAs) for monopiles, transition pieces, foundation installation and inter-array cable supply and installation for the 976.5 MW Gennaker offshore wind project in the German Baltic Sea. EEW Special Pipe Construction (EEW SPC) has been select

about 1 year ago
An image of the M/V Explorer hybrid CTV at sea
Business & Finance

Northern Offshore Services adding twelve new hybrid CTVs to its fleet

Northern Offshore Services (N-O-S) has ordered a total of twelve E-class crew transfer vessels (CTVs), with four already on the way and eight more now on order. N-O-S said via social media that this was one of the largest CTV orders in history, with the agreement also including several options for a

about 1 year ago
Yara
Business & Finance

Hydrogen associations team up to drive uptake of hydrogen value chains

Hydrogen Europe Research (HER) and the Clean Hydrogen Mission (CHM) have signed a memorandum of understanding (MoU) in Busan, South Korea, intending to speed up the development and uptake of integrated clean hydrogen value chains across developed and developing regions.

about 1 year ago
Sea1 Offshore's vessel joins Boskalis' fleet following sale
Business & Finance

Sea1 Offshore’s vessel joins Boskalis’ fleet following sale

The Netherlands-headquartered Boskalis has added a new construction support vessel (CSV) to its fleet, following the purchase from Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore. The 120-meter-long Spearfish CSV is equipped with a heave-compensated deck crane capable of lif

about 1 year ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business & Finance

Transocean eyes divestment of five stacked rigs

Transocean has unveiled plans to optimize its fleet by bidding goodbye to four drillships and one semi-submersible rig that are currently stacked, which will reduce the size of its rig fleet.

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor cleared to kick off drilling ops with Transocean’s rig next month

Norwegian state-owned energy giant Equinor has obtained a drilling permit for an exploration well in the Norwegian Sea, which will be drilled using a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 1 year ago
Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?
Business & Finance

Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?

A new project has been launched in Wales to explore combining floating wind turbines, equipped with electrolyzers that produce green hydrogen, and wave energy devices to drive wave energy deployment off the coast of Pembrokeshire and lower its cost by sharing infrastructure. The Milford Haven: Hydro

about 1 year ago