Business & Finance

Greenlink construction underway following financial close
A financial close on the construction of the Greenlink, a 500 MW subsea and underground electricity interconnector that will link Ireland and Great Britain, has been reached.

U.S. oilfield services giants suspend Russian operations
Three oilfield services providers have opted to suspend future investments and ops in Russia due to Russia’s attack on Ukraine.

UK oil & gas regulator rebrands to reflect role in energy transition
UK’s oil and gas regulator, the Oil and Gas Authority (OGA), has changed its name to reflect its evolving role in the energy transition.

Tullow Oil bolsters position in Ghana fields
Tullow Oil has completed the pre-emption related to the sale of Occidental’s interests in Ghana fields to Kosmos Energy.

UK Hydrographic Office comes aboard global ocean floor mapping project
The Nippon Foundation-GEBCO Seabed 2030 Project and the UK Hydrographic Office (UKHO) have signed a memorandum of understanding (MoU) to work on advancing the industry’s understanding of the ocean bathymetry.

Aker BP wins regulator’s approval to use Hod B platform in North Sea
Norwegian offshore safety regulator has given Aker BP its consent to use the Hod B platform at a field in the North Sea off Norway.

Neptune finds hydrocarbons in North Sea well
Neptune Energy and its partners have encountered hydrocarbons at the Hamlet exploration well in the Norwegian sector of the North Sea.

Denmark asks for input on tender plan and executive order for CO2 storage in North Sea
The Danish Energy Agency has invited comments on a plan for tenders and an executive order for geological storage of CO2 in the North Sea.

U.S. offshore rig count goes up a notch
After slipping down to 11 units, the number of offshore rigs in the U.S. went back up to 12 units last week, based on rig count report.

In focus: Accelerating the energy transition
The global energy transition continues to be a strategic priority for many players, including those involved in the maritime and offshore energy sectors.

Stena Drilling preparing for Evolution: new ultra-deepwater drillship addition to its fleet
UK-based offshore drilling contractor Stena Drilling is preparing for the latest addition to its fleet of drilling rigs, the Stena Evolution.

Shell files revised plan for North Sea field development
Shell has released an amended environmental statement for a gas field in the UK North Sea, which the country’s regulators rejected last year.

Eifler to lead new company’s management team after Noble-Maersk merger
Noble Corporation and Maersk Drilling are setting up a management team to run the new company following their merger completion.

Crondall Energy nets £1M investment for growth ambitions
Offshore energy consultancy Crondall Energy has secured a £1 million (around $1.34 million) loan to expand its presence and client base supporting the offshore energy industry’s work towards the net-zero.