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Outlook & Strategy

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Noble, Halliburton and Odfjell forge rig alliances with Aker BP for five years of drilling ops
Outlook & Strategy

Noble, Halliburton and Odfjell forge five-year rig alliances with Aker BP for drilling ops

Aker BP has entered into drilling and wells alliance agreements with Noble, Odfjell and Halliburton for drilling activities on the NCS.

about 3 years ago
Capricorn’s NewMed merger plan runs up against strong shareholders’ opposition
Outlook & Strategy

Capricorn’s NewMed merger plan runs up against strong shareholder opposition

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Certain shareholders have voiced concerns over Capricorn’s proposed merger with Israel’s NewMed, seeing it as “profoundly unfavourable.”

about 3 years ago
Oil majors’ ‘big bet’ on hydrogen is not so big in reality as they invest 8 times more in biofuels, T&E says
Outlook & Strategy

Oil majors’ ‘big bet’ on hydrogen is not so big in reality as they invest 8 times more in biofuels, T&E says

While European oil majors are taking a gamble on hydrogen as the transport fuel for the future, this ‘big bet’ is not so big in reality, according to a new study on behalf of Transport & Environment (T&E), which shows that investments in biofuels refining are eight times bigger. Ricardo Energy & Env

about 3 years ago
Euronav
Outlook & Strategy

Euronav says litigation and arbitration on the table as it rejects Frontline’s tie-up termination

Belgian tanker shipping major Euronav believes that Frontline’s unilateral termination of the proposed $4.2 billion combination agreement announced on Monday was unfounded, the company said in an update. “Euronav has determined that Frontline’s unilateral action in pursuing the termination of the co

about 3 years ago
Scotland on mission to become ‘renewables powerhouse’ contemplates policy for no new oil & gas exploration
Outlook & Strategy

Scotland on mission to become ‘renewables powerhouse’ contemplates no new oil & gas policy

The Scottish government has released a draft energy strategy, which aims to shape the country’s next 25 years of energy production.

about 3 years ago
SEA-KIT triples USV production capacity with launch of new facility
Outlook & Strategy

SEA-KIT triples USV production capacity with launch of new facility

SEA-KIT has put into operation its new production facility for the XL-Class uncrewed surface vessel (USV), which tripled the company’s production capacity and expanded its R&D area. SEA-KIT opened the new building, built alongside its existing base in Tollesbury, Essex, UK, on 1 October 2022. Accord

about 3 years ago
Andrew Scott, CEO of Orbital Marine Power, in front of O2 tidal turbine (Courtesy of Ocean Energy Europe)
Outlook & Strategy

Scottish tidal energy company becomes lead partner of Ocean Energy Europe

Orbital Marine Power, one of the world’s leading tidal energy developers, has increased its support to the vital work of Ocean Energy Europe to promote the ocean energy sector by becoming a lead partner of the Brussels-based organization.

about 3 years ago
Italian duo closes transaction for Algeria-Italy gas pipelines
Outlook & Strategy

Italian duo closes transaction for Algeria-Italy gas pipelines

Italian energy player Snam has finalized the acquisition of a 49.9 per cent stake held by compatriot oil and gas firm Eni in the companies operating two groups of international gas pipelines between Algeria and Italy. The scope of the transaction includes the onshore gas pipelines running from the A

about 3 years ago
The representatives of the core members of POS (Courtesy of TNO)
Outlook & Strategy

Dutch launch platform to champion offshore solar benefits

TNO, short for Netherlands Organization for Applied Scientific Research, has launched a platform that brings together core group of Dutch companies whose ambition is to accelerate development and rollout of offshore solar power.

about 3 years ago
Trillion Energy plans more wells at Black Sea gas field
Outlook & Strategy

Trillion to boost production at Black Sea gas field with additional wells

Trillion Energy is planning to add three sidetrack wells to the development program for the SASB gas field, increasing the total number of wells at the Black Sea project from 17 to 20. Trillion Energy said it had identified several additional opportunities to increase production at the SASB gas fiel

about 3 years ago
Crestchic Loadbanks
Outlook & Strategy

Seabound taps Crestchic Loadbanks to help test its carbon capture prototype

Startup climate-tech company Seabound has teamed up with Crestchic Loadbanks, a specialist in the provision of load bank testing equipment, to test Seabound’s carbon capture prototype. London-based Seabound has developed a unique carbon capture device that traps and stores CO2 from fuel exhaust with

about 3 years ago
Vincent Clerc, CEO of Maersk
Outlook & Strategy

Maersk expands executive team as Clerc takes over the reins

Danish container shipping major Maersk has appointed a new executive leadership team as the company kick-starts the year under the helm of Vincent Clerc as CEO. As we reported earlier, Clerc took over the reins at A.P. Moller – Maersk on January 1, 2023, following the retirement of his predecessor S

about 3 years ago
DNV partners up with Ocyan, LZ Energia to decarbonise drilling operations
Outlook & Strategy

DNV partners up with Ocyan, LZ Energia to decarbonise drilling operations

Ocyan, a subsidiary of the Novonor group that provides solutions for the upstream offshore oil and gas industry in Brazil and abroad, and LZ Energia, developer of technological solutions to reduce its customers’ operations fuel consumption and air pollution, have appointed DNV, the global independen

about 3 years ago
Solstad PSV hits 'incredible' emission and fuel saving milestone
Outlook & Strategy

Solstad PSV hits ‘incredible’ emission reduction and fuel saving milestone

Solstad Offshore’s platform supply vessel (PSV) Normand Leader has saved 29 per cent of emissions and fuel consumption compared to a normal transit and only minor vessel speed alternations. Solstad said it had worked with partner VPS Decarbonization over the last weeks to use data analytics to save

about 3 years ago