Business & Finance
Ports of Duisburg and Amsterdam to jointly develop hydrogen value chain
Dutch Port of Amsterdam and German duisport have signed a memorandum of understanding (MOU) to expand their cooperation and jointly develop the hydrogen value chain and their hinterland network. The MOU represents a new phase in the long-term partnership between the two ports that are directly conne
Shell adds high-impact gas prospect in North Sea to Maersk rig’s backlog
Shell has hired a Maersk Drilling-owned rig to drill a prospect in the North Sea, which is expected to provide the UK with more gas sources.
Dynamic Load Monitoring upgrades cable-laying hire fleet
UK’s Dynamic Load Monitoring (DLM) has expanded its cable-laying hire fleet for pre-lay grapnel run (PLGR) and route clearance operations as the renewable energy sector prepares for a busy period offshore. Recent additions include two acoustic release hooks and a de-trenching grapnel with a 1.8-mete
HAV Group to acquire Høglund Marine Solutions
Norwegian technology provider HAV Group ASA has signed a letter of intent for the acquisition of Norwegian integrated automation and energy specialist Høglund Marine Solutions.
India’s Aban closes sale of jack-up rig to ADES
India’s offshore drilling contractor Aban Offshore has completed the sale of a jack-up drilling rig to the UAE-based ADES International.
To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables
To phase out Russian fossil fuels and speed up its energy transition, using green hydrogen, Europe will need to step up renewable deployment.
Aker BP taps Optime Subsea for remotely operated controls systems
Norwegian oil and gas company Aker BP has placed an order with Optime Subsea for two new, second-generation remotely operated controls systems (ROCS). The second-generation system will come with a new stand-alone communication system for greater rig flexibility and efficient operations, and both sys
New CEO at the Petrobras helm to run business until April next year
Brazil’s state-owned giant Petrobras has appointed a new director, who will also take over the CEO role at the company.
Norwegian seismic majors reveal plan to combine in $237 million deal
Norwegian seismic data company TGS has made an offer to buy compatriot Magseis Fairfield in a deal that values the seismic player at NOK 2.33 billion (approximately $237 million). The two companies entered into a transaction agreement whereby TGS, on and subject to certain terms and conditions, will
Norsk Solar CFO to start work in same role at Eidesvik
Eidesvik Offshore has appointed a new Chief Financial Officer (CFO), who is expected to join the company within the next few months.
U.S. operator flows first oil from deepwater development in Gulf of Mexico
LLOG Exploration has kicked off the first production from a deepwater two-well subsea development, located in the U.S. Gulf of Mexico.
JV partners putting the wheels into motion for FPSO replacement off Nigeria
To increase production capacity, JV partners off Nigeria have decided to replace the field’s current FPSO in line with redevelopment plans.
Dutch regulator: Shell and TotalEnergies can collaborate on CO2 storage
The Netherlands Authority for Consumers and Markets (ACM) has given approval to competitors Shell and TotalEnergies to collaborate on CO2 storage in empty natural-gas fields in the North Sea. Shell and TotalEnergies plan to store CO2 on a large scale as part of the Aramis project, collaborating with
Eco seals deal to increase stake in block off South Africa
Eco (Atlantic) Oil & Gas has inked a deal to acquire additional interest in a block located offshore South Africa.