Business & Finance

Aker BP gets govt nod to ramp up gas output from Norwegian Sea field
Aker BP has secured approval from the Norwegian government to increase gas production from a field located in the Norwegian Sea off Norway.

Eni reveals ‘major’ resource base upgrade for Angolan field
Eni has announced what it says is a major upgrade of the resource base in the Ndungu field, located offshore Angola.

Public consultations scheduled for Eastern Green Link 2
Scottish Hydro Electric Transmission (SHE Transmission) and National Grid Energy Transmission (NGET) have scheduled consultation events for the Eastern Green Link 2 subsea HVDC project. The parties are holding Pre-Application Consultation (PAC) events to be undertaken in advance of the submission to

Talos disappointed as operator role for giant Mexican field goes to Pemex
Talos Energy is disappointed by a decision from the Mexican government to make Pemex the operator of the Zama field following a unitisation dispute.

Petronas denies speculations about Sapura takeover
Malaysia’s Petronas has denied reports, speculating on it buying a significant stake in oil and gas services company, Sapura Energy.

Ashtead completes subsea monitoring gig for Havfram
Ashtead Technology has provided its Autonomous Structure Monitoring Systems, integrated with LUMA optical modems, to complete an underwater installation monitoring work scope for Havfram in the Norwegian North Sea. The scope included the provision of ten Autonomous Structure Monitoring Systems, two

Offshore wind, hydrogen part of Shell’s £25 billion UK investment plan
Shell plans to invest up to £25 billion (approximately €30 billion) in the UK energy system over the next ten years, with offshore wind being one of the main areas the oil and gas giant has set its sights on in the UK. The company said via a social media post it planned to pour […]

Hurricane and Bluewater agree on charter extension for Aoka Mizu FPSO
Hurricane Energy has signed a contract with Bluewater, the owner of the Aoka Mizu FPSO, for an extension to the bareboat charter.

PGS adds more 3D GeoStreamer data for Tano Basin off Ghana
PGS has added a further 2,000 square kilometers of KPSDM processed MultiClient 3D GeoStreamer data for the Tano Basin offshore Ghana. The survey targets an area that has seen recent high-profile exploration success, with ENI’s Baliene-1X discovery in August 2021, and Springfield’s Afina-1X discovery

Ex-Navy and Coast Guard serviceman becomes new director of U.S. offshore safety regulator
U.S. offshore safety regulator is getting a new director whose service record is seen as an asset in spearheading the switch to clean energy.

U.S. offshore rig count picks up the pace
After climbing back to 12 units, the number of offshore rigs in the U.S. upped the ante last week and increased to 14.

In focus: Europe goes all in to ensure energy security and net-zero future
In the light of Russia’s attack on Ukraine, Europe has intensified efforts on all fronts to ensure its energy security and shift away from global dominance of fossil fuels.

Hibernia crane operations halted after near-miss incident
An investigation has been launched after a near-miss incident on the Hibernia platform located offshore Canada.

U.S. and EU seal the deal for LNG supply as Europe seeks to cut Russian energy ties
The U.S. will supply 15 bcm of LNG to the EU this year to strengthen European energy security and reduce reliance on Russian energy.