Fossil Energy
Scots back enhanced subsea gas tieback project with £765k
Worley has secured £765,000 support from Scottish Enterprise for an enhanced subsea gas tieback project which is said to reduce operational CO2 emissions in gas fields by more than 90%. The funding will be used for full pre-production testing of Worley’s pseudo dry gas (PDG) liquid removal system wh
BP sees profit surge while working to ‘accelerate greening’
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
Petrobras taps Shearwater for geophysical processing software
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, mu
North Sea ERRV specialist brings in 10th newbuild vessel
Sentinel Marine has taken delivery of the tenth newbuild vessel in its fleet, which is expected to feature12 ERRVs by year-end.
Saipem overhauls management team amid rating downgrade and default risk
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.
Aker Solutions buying compatriot consultancy to support growth strategy
Aker Solutions is acquiring Unitech Power Systems, a Norway-based electrical power systems consultant, as part of its growth strategy and with the aim of further accelerating its transformation. Aker Solutions states that the acquisition is an important step towards the company creating an engineeri
UK oil & gas industry makes huge progress on North Sea Transition Deal, OGUK says
A review of the oil and gas industry’s progress against the terms of the North Sea Transition Deal has shown strong progress, OGUK says.
Serica renews North Sea deal with Sparrows
Serica Energy has awarded a crane operations and maintenance services contract on one of its platforms in the UK North Sea to Sparrows Group.
In focus: highlights from an industry in change
The world is changing fast and the offshore energy industry goes along with it.
UK’s OGA looking for new CEO as Samuel prepares for exit
UK’s petroleum regulator has reported that its CEO will be stepping down at the end of the year after eight years in the role.
OCTIO wins multi-year geophysical monitoring Ormen Lange deal
Bolstering the long-standing collaboration, Norske Shell, a Norwegian subsidiary of the oil major Shell, has awarded a multi-year geophysical monitoring contract to Reach Subsea’s OCTIO for the Ormen Lange field.
Vår Energi unveils Oslo IPO terms
Vår Energi has revealed plans to increase its dividend for 2022 and disclosed details regarding an IPO and listing of shares on Oslo Børs.
More work for Solstad’s CSVs amid strong renewables and oil&gas demand
Norwegian Solstad Offshore has secured multiple contracts for several of its subsea construction support vessels (CSVs) as the market continues to improve with strong demand from both renewable energy and oil & gas activity.
Another Danish company drops fossil fuel business and turns fully to renewables
Danish-based Muehlhan has sold its oil and gas business as the company decided to focus entirely on the renewable energy market. Muehlhan, which provides services in the offshore wind industry, said selling its oil and gas division supported the company’s strategy to focus its investments in sustain