Business & Finance
With drilling campaign all done, Neptune gearing up for Norwegian field start-up
In preparation for production start-up, Neptune Energy ha completed drilling four development wells on the Fenja field in the Norwegian Sea.
Uniper’s hydrogen pilot project receives funding decision
Germany’s energy company Uniper received the funding notification of €2.375 million ($2.433 mln) for its planned hydrogen pilot project at the Krummhoern natural gas storage site.
Morlais tidal power scheme gets environmental support hand
Menter Môn, the manager of the Morlais tidal energy project, has hired a Swansea-based company Juno Energy to assist it with the development of environmental support services for the scheme located off North Wales.
Heerema wins first decommissioning contract in Australia
Heerema has secured a decommissioning contract by Australia’s energy major Woodside Energy that includes the integrated engineering, preparation, removal, and transport of the Nganhurra riser turret mooring (RTM). The scope includes removing the RTM from the Enfield field, located approximately 52 k
DSME scores $495M order for two LNG carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for two liquefied natural gas (LNG) carriers from undisclosed European shipowners. The value of the new contract is estimated at KRW 649.5 billion (around $495 million). According to local media, DSME will
Valaris drillship starts new chapter in Brazil
Valaris has revealed that one of its drillships has started working on its new assignment offshore Brazil with Petrobras.
Petrobras books another AKOFS Offshore subsea services vessel
Norwegian AKOFS Offshore has signed a firm contract for Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petrobras in Brazil. The duration of the contract is almost four years and the services will commence in the first half of 2023. AKOFS Offshore
Guyana’s oil & gas revenues booming with $7.5 bln expected in 2030, says Rystad
Rystad has revealed that Guyana’s offshore oil & gas industry is poised to enter the big league with revenues set to break $1 bln in 2022.
BW Offshore hands over FPSO ownership and operation helm to Mexican giant – gallery
Pemex has taken over the ownership and operation of the FPSO operating on the second largest offshore oil complex in Mexico from BW Offshore.
In focus: Global hunt for energy security revving up as Russian crisis jolts supply chains
With the next United Nations Climate Change Conference approaching in a few months, governments and energy companies around the globe are working on strategies on how to shift from fossil fuels to renewable energy.
Funds secured for upcoming exploration well in Guyana
CGX Energy and Frontera Energy, partners in the Corentyne block offshore Guyana, have announced a transaction for the block.
Another tender opens for new Mediterranean interconnector
A government-owned Maltese company has issued a tender looking to appoint a contractor to deliver the environmental impact assessment (EIA) for a new interconnector in the central Mediterranean.
Three key elements of future-fit energy super basins – WoodMac
Wood Mackenzie, an energy intelligence group, spots common threads between the energy super basins of the future.
Geospace Technologies enters $12M OBN rental deal with SAExploration
Texas-based seismic solutions provider Geospace Technologies has signed an extended duration rental contract with compatriot marine geophysical services provider SAExploration for seabed ocean bottom wireless seismic data acquisition nodes. Under the agreement of an estimated value of $12 million, S