Business & Finance
All systems go for Aker BP to deploy Maersk rig on North Sea field
Aker BP has received consent from Norway’s regulator to use one of Maersk Drilling’s rigs for drilling ops on a field in the North Sea.
Seaway 7 raising cash to finance newbuild vessels
Seaway 7, part of the Subsea7 Group, plans to raise $650 million through the issuance of new equity and debt, primarily to finance its two newbuild vessels, Seaway Alfa Lift and Seaway Ventus. Both vessels are anticipated to be delivered during 2023 and to enter operations in the first half of 2024.
PaxOcean to convert Norwegian platform supply vessel to cable layer
PaxOcean Nanindah Mutiara Shipyard has won a contract with Indonesia’s PT Ketrosden Triasmitra for the conversion of a Norway-built platform supply vessel (PSV) into a subsea cable laying vessel (CLV). The cable layer will be equipped with a remotely operated vehicle (ROV) and plough system. PaxOcea
FPSO operating off Gabon secures short extension as demobilisation date nears
BW Offshore has received a short-term contract extension for an FPSO operating for Vaalco offshore Gabon.
NY Governor awards $16.6M to five long-duration energy storage projects, including hydrogen
Governor of New York Katy Hochul has announced $16.6 million in awards for five long-duration energy storage projects as well as an additional $17 million in competitive funding available for projects that advance the development and demonstration of scalable long-duration energy storage technologie
Another production outage at North Sea field
Repsol has been forced once again to temporarily shut down its Yme field located in the North Sea offshore Norway due to technical issues.
New development plan handed over for Indonesian project with first gas slated for 2025
The Duyung PSC partners have submitted an updated plan of development (PoD) for a gas project off Indonesia with first gas expected in 2025.
DEME and Van Oord join pipeline duplication project off Australia
A joint venture of Van Oord and DEME has won a contract from Allseas for the Darwin Pipeline Duplication Project located offshore Northern Australia. Van Oord and DEME will be responsible for providing support for the shallow water pipeline installation scope in Northern Territory waters, including
Egypt and FFI discuss green hydrogen projects ahead of COP27
Egyptian president Abdel Fattah El-Sisi has met with the founder of Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, to discuss the development of green energy projects in the region as the country prepares to host the 2022 United Nations Climate
In focus: Don’t let a good energy crisis go to waste
The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin
Scots start search for MeyGen tidal energy project investment advisor
Scottish government’s public bodies – Crown Estate Scotland and Scottish Enterprise – are looking to appoint consultants who would provide technical advice services for investments in the MeyGen tidal energy project.
Employment in clean energy sector on the rise, exceeding declines in fossil fuel jobs, says IEA
The International Energy Agency has outlined that employment in the energy sector is rising above pre-Covid levels, driven by clean energy.
Eni seeks approval for development drilling on gas project off Australia
Eni has submitted an environment plan to Australia’s regulator for development drilling on a gas field, off the coast of Western Australia.
Brazilian oil & gas giant changes its mind about selling deepwater field
Petrobras has decided to end the divestment process for a sale of its entire stake in a Brazilian deepwater field to PRIO.