Business & Finance
Future maritime hydrogen hub in Glomfjord gets Enova funding
Glomfjord Hydrogen has been granted up to NOK 150 million (about $15.2 million) in funding from Enova as one of five maritime hydrogen hubs along the Norwegian coastline.
Equinor cleared to spin the drill bit in Norwegian Sea
Equinor has secured a permit from the country’s authorities for the drilling of a wildcat well, located in the Norwegian Sea.
With energy security and high prices in mind, EU and Norway strengthen ties with new deal
The EU has strengthened its energy cooperation with Norway through a new deal, aiming to secure its energy independence from Russia.
Debenture holders approve SIMEC Atlantis’ debt repayment extension
SIMEC Atlantis Energy has received approval for its request to amend the debenture deed with Abundance Investment, securing one year extension for the repayment.
XOCEAN completes surveys at 3 GW UK offshore wind sites
XOCEAN has completed surveys of the export cable routes at the Morgan and Mona offshore wind farms in the Irish Sea. The campaign collected more than 7,000 kilometers of high-quality data across the inter-array areas and export cable routes in water depths ranging from 0 to 35 meters. The activities
Indonesian vessel owner reveals growth strategy to take advantage of ‘upturn in drilling’
Wintermar sets the stage to benefit from higher demand in the oil & gas industry while eyeing the offshore wind sector for future growth.
North Sea Link wins prestigious energy award
The National Grid has received the 2022 International Edison Award from the Edison Electric Institute (EEI) for the North Sea Link (NSL) interconnector between Norway and the UK. Presented annually and selected by a panel of former energy industry executives, the Edison Award is said to be the elect
EU must step up its game to meet ocean energy targets, OEE warns
Time is running out for the European Union to meet its 100 MW ocean energy deployment target by 2025, Ocean Energy Europe (OEE) has warned.
Modus and Global Marine extend contract for trenching services
Modus has secured a contract extension with the Global Marine Group for the delivery of trenching services for cable installation. Modus is currently supplying Global Marine with a jet trencher on board the DP2 cable installation, maintenance and repair vessel CS Recorder to support the laying of po
Interim CEO picks up the reins at Petrobras while Bolsonaro’s candidate gets closer to taking over
Petrobras has appointed an interim CEO, which is expected to spearhead the firm until a new CEO takes over the steering wheel.
Australian regulator: Jadestone addressed ‘immediate risk of any further spill’
After an oil spill led to a production halt at a Jadestone-operated field off Australia, NOPSEMA intends to keep an eye on the situation.
Five Noble rigs to join Shelf Drilling’s fleet for $375 million
Shelf Drilling has inked a deal with Noble to buy five jack-up rigs, which are being sold to address concerns about the Noble-Maersk merger.
Norway’s Research Council backs subsea cable connections project
The Research Council of Norway has awarded funding for a knowledge-building project that will develop new materials and designs for offshore subsea cable terminations and connectors. The SeaConnect – High voltage subsea connections for resilient renewable offshore grids project is expected to increa
Woodside wins Bumi FPSO termination case as court dismisses appeal
After hearing the appeal filed by Bumi Armada, the court has ruled in favour of Woodside in a dispute over an FPSO charter termination.