Business & Finance
Wintershall Dea’s hydrogen and CCS project to support Wilhelmshaven energy hub
Wintershall Dea’s new project is putting the wheels into motion to decarbonise the German industry with the help of hydrogen and CCS.
PGS’ Ramform Atlas getting ready for ‘large’ multi-client survey off Norway
PGS has secured solid industry pre-funding for a large MultiClient survey on the Northwest shelf of the Norwegian Sea. The Ramform Atlas is currently mobilizing for the survey, with the acquisition scheduled to start around 10 May. “This is the first large-scale MultiClient survey we are acquiring o
Petrofac lands large decommissioning contract in Gulf of Mexico
Petrofac and Promethean Decommissioning Company (PDC have formed an alliance to decommission fields in the Gulf of Mexico.
Three organisations teaming up to unlock UK’s full carbon capture and storage potential
Three organisations have decided to renew their collaboration to explore the potential of carbon capture and storage on the UKCS.
EU to phase out all Russian oil imports ‘in orderly fashion’
The European Union has proposed a ban on all Russian oil imports, aiming to phase out Russian crude oil within six months and refined products by year-end.
BP goes all-in with plans to invest over $22 billion in UK energy
BP intends to invest up to £18 billion (about $22.5 billion) in the UK’s energy system by the end of 2030.
Eco Wave Power seeks fresh business and finance talent
Swedish-Israeli wave energy company Eco Wave Power is looking to expand its team with two new vacancies up for grabs.
PanGeo picks up over $3 million in Sub-Bottom Imager contracts
PanGeo Subsea, a wholly-owned subsidiary of Kraken Robotics, has secured several cable depth of burial campaigns, valued at more than $3 million, in Europe using its 3D acoustic Sub-Bottom Imager (SBI). Under these contracts set to be completed throughout 2022, the SBI will be used as the cable dete
Prosafe firms up $110 million deal in Brazil
Prosafe has been awarded a contract by Petrobras for the provision of a semi-submersible vessel offshore Brazil.
Baker Hughes targets lower rig costs with novel subsea wellhead technology
Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal, expected to save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips. The MS-2 Annulus Seal integrates with Baker Hughes’ existing MS-800 wellhead system and
Empyrean setting the stage to drill another well off China
Empyrean has revealed its intention to proceed with the second phase of exploration off China by drilling another high-impact prospect.
TechnipFMC expands Yellowtail workscope
TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil affiliate Esso Exploration and Production Guyana for its Yellowtail development in the Stabroek Block offshore Guyana. The new flexibles contract covers six risers said to be qualified for high pressure and
UK operator to own no rigs after selling its other stacked semi-sub
UK-based Awilco Drilling has decided to sell a semi-submersible rig to its compatriot decommissioning services provider, Well-Safe Solutions.
Cavotec nets €15.7M shore power order from ‘major’ shipping line
Swiss cleantech company Cavotec has secured a shore power order worth €15.7 million (around $16.57 million) from an undisclosed ‘major global shipping line’ for a series of newbuild containerships.