Business & Finance
Welsh marine energy players meet with First Minister to push industry forward
Welsh First Minister Mark Drakeford has met with representatives of marine energy companies as part of the efforts to make Wales a leader in the industry.
U.S. firm stands to benefit from new bill in both upstream and CCS businesses
Houston-based Talos Energy has listed some of the benefits it expects if the Inflation Reduction Act of 2022 is approved.
‘Robust pipeline of opportunities’ for Noble rigs
Offshore drilling contractor Noble Corporation is seeing an increase in demand for offshore drilling rigs.
Türkiye sending its fourth drillship on first drilling mission
Turkish government and its national oil and gas company TPAO are now sending the country’s fourth drillship on its first drilling mission.
US ports eye $3bln for electrification from Inflation Reduction Act
The U.S. ports are set to benefit from a $3 billion worth of funding round intended for electrification and emission reduction. The funding has been included in the long-awaited Inflation Reduction Act that was adopted in the U.S. Senate on August 7. The House is expected to return from recess to pa
Japan’s Inpex seeks over $970 million from South Korean yard in Ichthys FPSO dispute
Japan’s oil and gas company Inpex has filed a claim against DSME related to the FPSO for the Ichthys field located off Australia.
MPS books two EMEC berths for multi-megawatt wave energy array
Marine Power Systems (MPS) is set to demonstrate a multi-megawatt wave energy array at the European Marine Energy Centre (EMEC) in Orkney, Scotland.
Scana company gets riser joint order from mystery client
Scana-owned Subseatec has secured a contract with an “international energy company” for the delivery of riser joints for an offshore field development. Under the “sizeable” contract, Subseatec will deliver ready-to-use riser joints in low alloyed steel, as well as provide engineering, manufacturing,
Solstad bags extension with Equinor and offloads another vessel
Solstad Offshore has secured a contract extension for one of its platform supply vessels (PSVs) with Equinor for operations off Norway.
Financial consortium, Turkish gov’t eye investment in hydrogen fuel cell tech
A financial consortium has opened preliminary talks with Turkish officials for the establishment of foreign direct investment (FDI) in hydrogen fuel cell technology and projects supporting the implementation of hydrogen fuel cells, powering commercial shipping and other strategic uses.
Wello inks commercial agreement for wave energy project in Barbados
Finnish wave technology provider Wello and the government-led Export Barbados (BIDC) have signed a commercial agreement for the deployment of a 5MW wave energy project in Barbados.
New loan of up to $300 million to help BW Energy finance Gabon project
BW Energy has increased its liquidity thanks to a long-term debt facility, which will be used for the development of its project off Gabon.
First gas from Greater Tortue Ahmeyim on target despite FPSO delay
BP’s Greater Tortue Ahmeyim is on track for the first gas in 3Q 2023 despite delays related to the FPSO sailaway.
Baker Hughes adds to e-LNG offering by acquiring unit of BRUSH
Baker Hughes has agreed to buy the Power Generation division of BRUSH Group from One Equity Partners to enhance its e-LNG portfolio.