Business & Finance
Teekay hands over FPSO vessel for UK project with potential to be powered by offshore wind
Teekay Corporation has delivered an FPSO vessel to an operator of a North Sea project, which anticipates operational deployment by 2025.
Helix takes ‘meaningful step’ towards its energy transition model by closing Alliance deal
Helix Energy Solutions has completed the acquisition of Alliance, enabling it to expand its decommissioning presence in the Gulf of Mexico.
New joint venture for LNG maritime infrastructure to support energy transition
US energy infrastructure company New Fortress Energy (NFE) and compatriot alternative asset manager Apollo have entered into a definitive purchase and contribution agreement to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (JV) between funds managed by Apollo and NF
U.S. govt’s new offshore leasing proposal comes under fire from oil & gas industry and environmentalists
Recently proposed U.S. offshore oil and gas leasing program is facing opposition not only from environmentalists but also from the industry.
Subsea cable installation ops begin at Shetland HVDC link
Scottish Hydro Electric Transmission has commenced the first cable installation campaign of the Shetland HVDC link. Campaign 1, which begins at Noss Head, North of Wick, started on 23 June and is scheduled to take place until 18 December. NKT Victoria is in charge of laying the cable, after which Gr
Middle East, Africa to play ‘vital role in averting global shortages’ by unlocking more natural gas for export
More efficient power sector in the Middle East and Africa could unlock higher volumes of natural gas for export, says the IEA.
BP hires CGG for Nile delta imaging
CGG has secured a contract with oil major BP and its joint venture partner Pharaonic Petroleum for the 3D seismic imaging of the first-ever OBN survey conducted in the Nile delta covering the Atoll and Atoll North fields. CGG will apply its high-end OBS & FWI imaging technologies and specialized HPC
Ofgem grants electricity interconnector license for Great Britain-Ireland link
UK energy market regulator Ofgem has granted an electricity interconnector license for the MaresConnect Interconnector that will link Ireland and Great Britain. The license, granted on 27 June, authorizes MaresConnect Limited to participate in the operation of the interconnector that will link the B
Marine Energy Wales gets government funding
Marine Energy Wales, the industry association for Welsh marine energy, has secured a new three-year grant from the Welsh government to support its work until 2025.
Hammerfest-based firm scoops five-year deal for Barents Sea FPSO
Vår Energi has awarded a long-term framework agreement to the Hammerfest-based Oss-nor for valve services on an FPSO in the Barents Sea.
Enauta turns scheduled shutdown mode on for Brazilian field
Enauta has initiated a scheduled shutdown at a field off Brazil, in preparation for the recertification of the field’s FPSO.
‘Key milestone’ under Ithaca’s belt as it closes acquisition of Siccar Point
Delek’s Ithaca Energy has completed the acquisition of Siccar Point Energy, which has enabled it to further expand its North Sea portfolio.
Two oil & gas firms ready to drill North Sea wells this month
Two oil and gas players have been granted drilling permits by Norwegian authorities for wildcat wells in the North Sea offshore Norway.
Sercel pursues ION Geophysical’s software business
Sercel, CGG’s Sensing & Monitoring division, has been selected as the successful bidder for the acquisition of ION Geophysical’s software business. Sercel said it plans to keep all employees associated with the business. According to the company, the acquisition is in connection with ION’s recently