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Business & Finance

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Troll C platform in the North Sea; Source: Equinor
Business & Finance

Norway eyes oil & gas investments of nearly $23 billion next year

Statistics Norway, the Norwegian statistics bureau, has revealed a spike in estimates for oil and gas investments in 2026, which are anticipated to hit NOK 230 billion (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment.

about 1 year ago
Another UK subsea green electricity superhighway to sport Hitachi Energy converter stations
Business & Finance

Another UK subsea green electricity superhighway to sport Hitachi Energy converter stations

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The joint venture of National Grid Electricity Transmission and SSEN Transmission has selected Hitachi Energy as the preferred bidder to deliver high-voltage direct current (HVDC) converter stations in Scotland and England for the Eastern Green Link 3 (EGL3) project. Marked the biggest project in th

about 1 year ago
Allseas' Pioneering Spirit removes Heather Alpha topside; Source: EnQuest
Business & Finance

WATCH: Allseas vessel on decom quest carries out this year’s largest single lift in North Sea

EnQuest has tucked a new decommissioning milestone under its belt in the UK sector of the North Sea, thanks to the assistance received from a heavy lift vessel owned by Allseas, an offshore pipeline installation, heavy lift, and subsea construction contractor.

about 1 year ago
Fugro about to start surveys for second Scotland-Wales interconnector
Business & Finance

Fugro about to start surveys for second Scotland-Wales interconnector

Dutch Fugro is about to commence survey work for the Western Link 2 (WL2) interconnector that will link Scotland and Wales. Fugro is set to begin marine geophysical surveys in the nearshore area of Caernarfon Bay today, August 14, with work expected to be completed by October 12, weather dependent.

about 1 year ago
Seatrium
Business & Finance

Seatrium-Karpowership partnership giving LNG vessel trio new lease on life as FSRUs

Seatrium is forging a new partnership bond with Türkiye’s floating power plant company Karpowership, which will enable the conversion, life extension, and repairs of three liquefied natural gas (LNG) carriers (LNGCs) into floating storage regasification units (FSRUs).

about 1 year ago
Grain LNG terminal
Business & Finance

UK-US duo buying Europe’s ‘largest’ LNG regasification facility

U.K.-based energy company Centrica and U.S. investment firm Energy Capital Partners (ECP), part of Bridgeport Group, have set the wheels in motion to acquire the liquefied natural gas (LNG) terminal in Kent County, UK, from British electricity and gas utility, the National Grid group.

about 1 year ago
€465k grant backs Oceaneering's floating wind cable qualification projects
Business & Finance

€465k grant backs Oceaneering’s floating wind cable qualification projects

U.S. subsea engineering and applied technology firm Oceaneering International has secured a £400,000 (around €465,000) grant from Scotland’s economic development agency Scottish Enterprise for a project that aims to add manufacturing capacity for subsea power cables destined for Scottish offshore wi

about 1 year ago
Illustration; Source: Halliburton
Business & Finance

Halliburton picks up another multi-year North Sea gig

Halliburton has landed a new long-term assignment in the North Sea with ConocoPhillips Skandinavia, a subsidiary of the U.S.-headquartered ConocoPhillips.

about 1 year ago
A jackup rig being transported on a vessel
Business & Finance

Oil & gas ramp-up: Start-up of African field on track as drilling ops in Benin and Norway continue

Lime Petroleum, a subsidiary of Rex International Holding, is making inroads in its quest to boost hydrocarbon production by pursuing drilling activities off the coasts of Benin and Norway and progressing its conversion of a mobile offshore production unit (MOPU) in Dubai, and the delivery of a floa

about 1 year ago
Electromagnetic Geoservices in process to buy OSCV Siem Day
Business & Finance

Electromagnetic Geoservices in process to buy OSCV Siem Day

Electromagnetic Geoservices’ (EMGS) vessel Atlantic Guardian has completed the second of two proprietary surveys in India and started its journey toward Norway where it will perform a multi-client campaign. The Norwegian company received a letter of award (LoA) for a controlled-source electromagneti

about 1 year ago
Orkney-based firm expands subsea offering with wrap-up of local purchase
Business & Finance

Orkney-based firm expands subsea offering with wrap-up of local purchase

Green Marine (UK), founded in 2012 in the Orkney Islands, Scotland, has strengthened its renewables-focused offshore subsea service offering with the acquisition of remotely operated vehicles (ROVs), survey equipment, vessel, personnel and contract agreements from Orkney-based Roving Eye Enterprises

about 1 year ago
Hydrogen-powered USV becomes first UK-certified remotely operated and unmanned vessel
Business & Finance

Hydrogen-powered USV becomes first UK-certified remotely operated and unmanned vessel

Classification and compliance services provider Lloyd’s Register has issued the UK’s first certification for a remotely operated and unmanned vessel (ROUV), awarded to ACUA Ocean’s hydrogen-powered long-endurance uncrewed surface vessel (USV). The certification for ACUA Ocean’s PIONEER has been issu

about 1 year ago
Greenlyte and MB Energy conclude strategic e-methanol supply deal
Business & Finance

Greenlyte and MB Energy conclude strategic e-methanol supply deal

Greenlyte Carbon Technologies and MB Energy have signed a strategic agreement covering the offtake of e-methanol from Greenlyte’s LiquidSolar facility in Marl as well as advanced offtake intentions for future projects.

about 1 year ago
Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

All-systems-go for Odfjell Drilling-managed rig’s North Sea assignment

Equinor, a Norwegian state-owned energy giant, has received the go-ahead from the country’s authorities to undertake plug and abandonment (P&A) activities in the North Sea off the coast of Norway with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago