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Business & Finance

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FPSO Norne; Source: Equinor
Business & Finance

North Sea swap deal expands Aker BP’s oil & gas portfolio

Aker BP has made arrangements with JAPEX Norge, a Norwegian subsidiary of Japan Petroleum Exploration (JAPEX), to trade partial interests in two fields for the Japanese player’s Northern North Sea assets.

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Business & Finance

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

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about 1 year ago
UK
Business & Finance

UK chooses winners of Clean Maritime Demonstration Competition 6

The UK government has allocated a £30 million (about €34.4 million) funding to decarbonize shipping and power up local economies.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Business & Finance

‘Double-edged sword for marine energy sector’: UK releases Allocation Round 7 notices

The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for Difference (CfD) scheme. For the first time, separate indic

about 1 year ago
Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam
Business & Finance

Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam

Air Liquide has taken the final investment decision (FID) to launch the construction of ELYgator, a 200 MW electrolyzer project in Maasvlakte, at the Port of Rotterdam, the Netherlands.

about 1 year ago
Port of Rotterdam
Business & Finance

Port of Rotterdam makes progress on sustainability front despite economic challenges

Although confronted with economic uncertainties and supply chain disruptions in the first half of this year, the Port of Rotterdam advances towards its goal of becoming a net zero port by 2050.

about 1 year ago
FSRU steel-cutting ceremony; Source: Gaz-System
Business & Finance

First steel cut for Poland’s FSRU at HD Hyundai Heavy Industries shipyard

Poland’s gas transmission system operator (TSO), Gaz-System, has confirmed a steel-cutting ceremony, held in South Korea, for the country’s floating storage and regasification unit (FSRU), which will be part of a liquefied natural gas (LNG) terminal located in the Gulf of Gdańsk.

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Business & Finance

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
Source: CorPower Ocean
Business & Finance

EU backs CorPower’s next wave energy step with €40M grant

Swedish wave energy developer CorPower Ocean has secured a €40 million grant from the EU Innovation Fund to support the development of VianaWave, a 10 MW pre-commercial wave energy project planned off northern Portugal. The VianaWave project will comprise 30 wave energy converters (WECs), grouped in

about 1 year ago
Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project
Business & Finance

Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project

Allseas’ Lorelay has completed offshore pipelaying for the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project, the first offshore carbon capture and storage (CCS) project in the Netherlands. This first large-scale CO2 transport and storage project to be realized in the EU is

about 1 year ago
Van Oord orders two methanol-capable subsea rock installation vessels from China
Business & Finance

Van Oord’s new subsea rock installation vessels bear Ulstein design

Van Oord’s new subsea rock installation vessels, recently ordered from the Chinese shipyard Yantai CIMC Raffles Offshore, have been designed by Norway’s Ulstein. Working in close collaboration with Van Oord’s technical team, Ulstein said it supported the selection of the optimal vessel size and conf

about 1 year ago
Solstad CSV to start new contract this month
Business & Finance

Solstad CSV to start new contract this month

Norway’s Solstad Maritime, established in January 2024, has secured a contract with Texas-headquartered operator of seismic acquisition programs SAExploration for one of its construction support vessels (CSVs). The contract defined as substantial, meaning it is worth between $10 million and $30 mill

about 1 year ago
SLB adds first UK offshore CO2 storage project to its to-do list
Business & Finance

SLB adds first UK offshore CO2 storage project to its to-do list

Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB

about 1 year ago
Serica Energy
Business & Finance

Serica Energy brings UK firm with North Sea oil & gas assets into its fold

UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of a compatriot player, Parkmead (E&P) Limited (PUK), from Parkmead Group, expanding its North Sea portfolio with two additional licenses on the UK Continental Shelf (UKCS).

about 1 year ago