Business & Finance
Another executive change at Australia’s FAR
FAR has revealed it will be getting a new Chief Financial Officer (CFO) next month as its current one decided to step down from the role.
Ithaca Energy gains access to two of the largest undeveloped discoveries in UK North Sea
Ithaca Energy, owned by Israeli Delek, has reached an agreement to acquire Siccar Point Energy, the operator of the Cambo oil project.
UK plans to ensure energy independence by scaling up renewables while maximising North Sea production
In light of the war in Ukraine and amid rising concerns over energy security, the UK government has moved to strengthen its energy security.
XOCEAN USV to survey 588 MW UK offshore wind farm
Ireland’s XOCEAN is set to soon commence non-intrusive unmanned subsea surveys of the inter-array cables and turbine locations at the operational Beatrice offshore wind farm in the UK. XOCEAN’s uncrewed surface vessel (USV) X14 will begin the operations on 20 April for a duration of about 7 days on
Green light for controversial $12 billion Bay du Nord oil project
After several delays, the government of Canada has approved the Equinor-operated Bay Du Nord offshore oil project.
DeepOcean eyes offshore renewables growth with new acquisition
DeepOcean has acquired the Norwegian engineering and technology company Installit and its subsidiaries in order to accelerate offshore renewables growth. Founded in 2000, Installit provides project management and engineering services within subsea cable installation and repair, including HV cables,
Equinor takes over TotalEnergies’ slot for Valaris drillship contract
A notable update relates to a Valaris drillship contract in the Gulf of Mexico, which has now been novated from TotalEnergies to Equinor.
Stage set for Western Gas to drill ‘one of the most anticipated exploration wells’ in Australia
After confirming rig mobilisation date, Western Gas has set all the wheels in motion to drill the Sasanof-1 well on the North West Shelf.
DOF Subsea hits 99% repurpose rate on latest decommissioning project
DOF Subsea has achieved a 99% rate for the combined recycling and repurposing of recovered materials on its decommissioning project at the Buchan and Hannay fields in the Central North Sea. The offshore works, carried out using Skandi Acergy and Skandi Skansen, included the recovery of 135 concrete
Golar LNG sales shared in NFE to raise $250M for FLNG
LNG shipper Golar has sold a part of its shares in gas-to-power developer New Fortress Energy (NFE) to invest in FLNG projects.
New JV to provide LCO2 shipping solutions to European CCS projects
French industrial gases company Air Liquide and compatriot maritime firm Sogestran have signed an agreement to form a joint venture (JV) focused on providing large-scale liquid CO2 (LCO2) shipping and barging solutions.
Solstad completes its divestment campaign after offloading six more vessels
Solstad Offshore has sold additional six vessels in a bid to reduce its debt by successfully completing its divestment strategy.
EverLoNG ship-based carbon capture project wins EU funding
A cross-boundary project involving science and industry experts has landed €3.4 million ($3.7 million) from an EU climate action fund to accelerate the uptake of ship-based carbon capture (SBCC) by international shipping companies.
Canada caught between a rock and a hard place as decision on giant new oil project draws near
The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.