Business & Finance
Neptune’s output from North Sea hub swells thanks to tie-backs
Oil and gas company Neptune Energy has increased production from its operated Gjøa platform in the Norwegian North Sea.
EC-OG rebrands to Verlume to better reflect clean-tech ambitions
EC-OG, a UK-based intelligent energy management and storage technologies specialist, has changed its name to Verlume to emphasize its energy transition ambitions.
Hess swings to profit amid higher oil & gas prices
U.S. oil and gas company Hess Corporation has returned to profit in the fourth quarter of 2021, driven by higher oil and gas prices
Vår Energi puts collaboration in the spotlight for upcoming subsea contract award
Norwegian oil and gas company Vår Energi has developed a new collaboration model for suppliers of subsea equipment ahead of a new fabrication and installation contract for its entire operated portfolio. The ongoing tender for the new contract facilitates for suppliers to deliver joint solutions in a
United States grants $25 million for cutting-edge wave energy research
The U.S. Department of Energy (DOE) has awarded $25 million to eight wave energy projects that will make up the first round of open-water testing at the PacWave South test site offshore Oregon.
Equinor gets the go-ahead for drilling ops in Barents Sea
Equinor has received consent from Norway’s offshore regulator for exploration drilling in the Barents Sea, using one of Transocean’s rigs.
Hess increases budget with majority going to Guyana & Bakken again
Hess Corporation has revealed that its Exploration & Production capital and exploratory budget for 2022 will amount to $2.6 billion.
UK pours £31.6 million into floating wind demo projects
The UK Department for Business, Energy and Industrial Strategy (BEIS) has awarded £31.6 million (approximately €37.7 million) in grant funding to eleven projects through the Floating Offshore Wind (FOW) Demonstration Programme. With an aim of reducing costs as well as increasing the rate of deployme
IOG awaits survey data for clarity on next steps for delayed North Sea well
IOG is considering potential solutions to resume drilling ops in the UK North Sea while a timeline is expected after seabed survey analysis.
N-Sea charters Dutch hybrid survey and ROV support vessel
N-Sea Group has signed a long-term vessel agreement with Geo Plus for the advanced DP1 hybrid survey and ROV support vessel Geo Focus. N-Sea said the move comes as it had taken significant steps through a plan of growth by creating an environment for future investments, strategic partnerships, and l
SBM Offshore sells stake in Brazil-bound FPSO to Japanese duo
SBM Offshore has sold a minority stake in Almirante Tamandaré, an FPSO which is currently under construction to two Japanese companies.
Hibiscus expects threefold increase in o&g output due to Repsol deal
Malaysia’s Hibiscus Petroleum has completed the acquisition of Repsol’s E&P assets in Malaysia and Vietnam.
MPS lands £3.5M government grant for floating offshore wind and wave energy tech
UK-based company Marine Power Systems (MPS) has been awarded £3.5 million in grant funding from the UK Government to further develop its floating platform technology and wave energy converter.
iXblue and TotalEnergies showcase uncrewed vehicle ops off France
France’s iXblue and TotalEnergies have completed trials of an uncrewed surface vehicle (USV) and an autonomous underwater vehicle (AUV) as part of their project to demonstrate collaborative uncrewed capabilities for subsea inspection and asset survey operations. The sea trials were conducted recentl