Business & Finance

Beach Energy makes plans for infill drilling off Australia to meet gas demand
Beach Energy has submitted an environment plan to the Australian offshore regulator for infill drilling on a field in Commonwealth waters.

University of Rhode Island accepted into TEAMER program
The University of Rhode Island (URI) has been accepted into the U.S. Department of Energy’s Testing Expertise and Access for Marine Energy Research (TEAMER) program.

Steelmaking giant enters offshore wind, green hydrogen industries
German energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Modus charters Vroon vessel for pipeline inspection work
UK-based subsea services company Modus has chartered the multi-purpose offshore support vessel VOS Sweet from Vroon Offshore Services. The vessel has been chartered to execute a contract for pipeline inspection work in the Dutch North Sea and will be mobilized from the Modus Middlesbrough Marine Bas

Shell hands out new deal to Bureau Veritas for offshore and onshore assets in UK
Shell has awarded a long-term deal, covering 26 offshore installations and three onshore gas plants in the UK, to Bureau Veritas (BV).

Equinor to become first operator to deploy drones for offshore logistics ops
Nordic Unmanned has revealed that Equinor will be the first operator to carry out offshore logistics operations using drones.

Are major UK oil projects at risk after windfall tax?
Operators of two major oil projects located off the UK are laying the groundwork to sanction them next year. This comes at a time when the UK government has imposed the windfall tax on oil and gas profits so the question arises as to the effects of this new tax on these projects.

DOF Subsea and Petrobras continue working together
DOF Subsea has secured the extension of four PIDF contracts with Brazilian oil and gas giant Petrobras. The extensions will demand a fleet of at least three vessels operating for 18 months in direct continuation to the original schedule, performing flexible pipelines, risers and subsea equipment ins

New management team to lead Vår Energi after business areas re-shape
Vår Energi has unveiled a new organisational structure and management team changes to take full advantage of future growth opportunities.

Ithaca hires UK decom specialist to carry out P&A ops in North Sea
Delek’s Ithaca Energy has picked Well-Safe Solutions to undertake well decommissioning operations in the North Sea.

Environmental group seeks injunction against Woodside’s Scarborough gas project
Woodside and its Scarborough offshore gas project are facing a legal challenge as the AFC is seeking an injunction to restrain activities.

Von der Leyen: EuroAsia Interconnector to help free EU from energy dependence
The EuroAsia Interconnector electricity link, connecting Israel, Cyprus and Greece, will help reduce the European Union’s energy dependence on Russia, according to European Commission president Ursula von der Leyen. During a recent Honorary Doctorate degree ceremony at the Ben Gurion University of t

PGS to deliver several 4D surveys offshore West Africa
PGS has won a “significant” acquisition contract comprising several 4D surveys by an international oil company offshore West Africa. The acquisition is scheduled to start in early November and is expected to be complete in early May 2023. “We are very pleased with this contract award, which secures

New CEO to help Wood capture ‘growth opportunities in energy security’
Wood has appointed a new Chief Executive Officer (CEO), replacing its current one, who will be stepping down from the board in a few days.