Business & Finance
BW Energy to expand its footprint off Brazil as Petrobras greenlights sale of two clusters
Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy.
‘Severe liquidity concerns’ prompt Lamprell to ponder funding solutions including takeover bid from shareholder
Following Blofeld’s takeover bid, Lamprell intends to continue its discussions with this shareholder to get an updated offer.
Ireland launches public consultation on electricity interconnection policy
Ireland’s Department of the Environment, Climate and Communications (DECC) has launched a technical consultation for the Electricity Interconnection Policy, published in 2018, in order to update it to reflect the developments that took place over the years. Published in July 2018, the National Polic
Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac
As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.
Everfuel, Greenstat receive Enova funding for Hydrogen Hub Agder
Danish hydrogen fuel company Everfuel A/S and Norwegian energy company Greenstat ASA have been granted NOK 148 million ($14.9 million) from Enova to support the development of the Hydrogen Hub Agder.
UK firm to support oil & gas developments offshore Suriname
Asco has inked a deal with Kuldipsingh Port to provide technical expertise for supply base ops to support Suriname’s energy industry.
QED Naval launches crowdfunding campaign
Edinburgh-based marine energy firm QED Naval has launched a crowdfunding campaign to complete the deployment of its Subhub tidal platform and Tocardo turbines at Yarmouth Tidal Test Centre.
NKT and MAATS ink service agreement for 140-meter cable-layer
NKT has signed a three-year service framework agreement with MAATS for the cable lay equipment on board cable-laying vessel (CLV) NKT Victoria. According to MAATS, NKT made a shrewd investment in the Service and Support package as it had been contracted on a number of significant and time-sensitive
Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes
The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.
Seadrill rigs rake in $361 million in extension deals
Seadrill has won contract extensions with a total value of approximately $361 million in aggregate for three jack-up rigs in the Middle East.
UK operator sees last rig in its fleet off to scrap yard
After completing the sale of a rig, which has been stacked for years, Awilco Drilling is left with no other drilling assets in its fleet.
Valaris rig on its way to Angola to start work for ExxonMobil
Valaris has revealed that one of its drillships has set off towards Angola to embark on its new assignment with ExxonMobil.
TEAMER awards $1 million for 10 marine energy testing projects
The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has selected ten marine energy projects to receive technical support as part of its sixth call for applications.
SeaShuttle hydrogen-fuelled containership project wins Enova funding
SeaShuttle, the ambitious project to build two hydrogen-powered, remotely controlled and autonomous-ready containerships, has secured NOK 150 million (€15 million) in funding from Norwegian state enterprise Enova.