Business & Finance
TAQA all done with large-scale North Sea decom project
UAE’s oil and gas giant Abu Dhabi National Energy Company (TAQA) has wrapped up a major decommissioning project in the North Sea.
Singapore: ONE opens new office for green initiatives
Singapore-based shipping company Ocean Network Express (ONE) has opened its new ONE Green Office, an educational, interactive and collaborative space for green initiatives. The new office was established in Singapore and will become a base for ONE’s global Green Strategy Department and South Asia re
Formation of CoolCo completed, new CEO named
The formation of the new shipping company CoolCo, with Eastern Pacific Shipping and Golar LNG as shareholders, has now been completed.
Jadestone restarts production from Australian field ‘significantly ahead’ of initial schedule
Following temporary repairs, Jadestone has restored production from a field in the Timor Sea off Australia, ahead of its initial timeline.
Norway’s oil & gas output to shrink as offshore workers scale up strike action
Dispute over wage demands threatens to reduce oil and gas production in Norway, as offshore workers are likely to down their tools this week.
Fugro picks team for next-gen uncrewed surface vessel
Fugro is developing its next generation of uncrewed surface vessels (USVs) called Blue Prism, which will deliver autonomous geophysical surveys. Fugro signed a contract with Kooiman Engineering and Van Oossanen Naval Architects for the naval design of this next generation of USVs. Engineered for ope
U.S. Gulf Coast oil exports to hit all-time high levels this quarter, Rystad says
Despite the domestic supply shortage, oil exports from the U.S. Gulf Coast are positioned to reach the highest level in Q2 of 2022.
Nexans named preferred bidder for EuroAsia Interconnector
Nexans Norway has been selected as the preferred bidder for the engineering, procurement, construction and installation (EPCI) contract of the HVDC cable systems for first stage of the EuroAsia Interconnector. Nexans will be in charge of the EPCI of two HVDC cable systems, Pole 1 and Pole 2, for the
U.S. govt asks public to weigh in on proposed offshore oil & gas leasing plan
The Department of the Interior is seeking public input on the Biden administration’s new, five-year offshore oil and gas leasing program.
Orbital Marine secures €9.2M tidal energy funding
Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.
Electromagnetic Geoservices to work for oil company in the Caribbean
Norwegian Electromagnetic Geoservices (EMGS) has secured a contract with an “international oil company” to deliver a survey in the Caribbean. Under the contract, EMGS is in charge of delivering a Controlled Source Electromagnetic (CSEM) survey for the undisclosed client. The company plans the survey
As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects
The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.
With stakes in two more wells secured, Longboat expects first to be spud this month
After completing the farm-in agreement with OMV, Longboat Energy anticipates the drilling of the first of two wells to be done this month.
Zero Carbon Center gets funding for 1st Book & Claim System
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has secured funding to initiate first of its kind Book & Claim System for shipping.