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Illustration; Source: Karoon Energy
Business & Finance

Hunt for partners coming soon as Brazilian oil project’s cost estimates reach up to $1.2B

Karoon Energy has set its cap on finding a partner ahead of making a final investment decision (FID) for an oil field discovery in the Santos Basin off the coast of Brazil. The firm is moving forward with the next stage of development, which includes the entry into the front-end engineering design (

about 1 year ago
Norway
Authorities & Government

Norway scales up maritime climate rules with new zero-emission targets

Norway is ramping up its climate ambitions with novel zero-emission requirements aimed at accelerating the green transition in maritime tourism and ferry operations, as well as a newly proposed target to cut greenhouse gas (GHG) emissions. As disclosed by the government, starting from January 1, 202

about 1 year ago
The rigs developed in IMPACT will continue as part of the SWEET Lab at VGA’s facilities in Deruta, Italy. Image: VGA.
Business Developments & Projects

RISEnergy seeks projects slashing life cycle costs across renewable energy tech

RISEnergy has opened its second transnational access (TA) call for applications, inviting researchers from academia and industry to propose innovative solutions to improve energy systems or cut the life cycle costs of renewable energy technologies. The EU-funded call covers research in key areas, in

about 1 year ago
Fugro logo
Business & Finance

Fugro realigns Americas ops amid offshore wind slowdown and market uncertainty

Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and e

about 1 year ago
Aramco keeps its energy and maritime bonds with UAE player going with new extension
Business & Finance

Aramco keeps its energy and maritime bonds with UAE player going with new extension

UAE-based offshore fabrication contractor Lamprell has got a hold of an extension of its multi-year deal with Aramco, Saudi Arabia’s energy heavyweight.

about 1 year ago
Transocean Encourage rig; Source: Transocean
Authorities & Government

Transocean rig in the clear for drilling ops offshore Norway

Equinor has received the go-ahead from the country’s authorities to use one of Transocean’s semi-submersible rigs for drilling operations at a field off the coast of Norway.

about 1 year ago
Clean Industrial Deal
Authorities & Government

European Commission greenlights €400 million Spanish hydrogen scheme

The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen through the European Hydrogen Bank’s ‘Auctions-as-a-Service’ tool for the auction closing in 2025.

about 1 year ago
JMU
Vessels

JMU hands over new eco-conscious 158,954 dwt Suezmax tanker

Yokohama-based shipbuilding major Japan Marine United Corporation (JMU) has handed over an environmentally friendly 158,954 dwt Suezmax tanker to Marshall Islands-headquartered Ambroisie Shipping. As informed, the vessel, christened as Aesop, was delivered on April 4 at the shipbuilder’s Tsu shipyar

about 1 year ago
Offshore surveys to start at UK's fifth subsea electricity superhighway
Authorities & Government

UK’s fifth subsea electricity superhighway in the making?

Offshore marine survey operations are scheduled to begin soon at what would be the UK’s fifth subsea electricity superhighway, connecting Scotland and England. Ireland-based XOCEAN is in charge of carrying out the marine survey works for the Eastern Green Link 5 (EGL5) project using seven remotely o

about 1 year ago
European TSOs: ‘Energy independence must begin at sea’
Infrastructure

European TSOs: ‘Energy independence must begin at sea’

The Offshore TSO Collaboration (OTC), an initiative established in 2022 that gathers transmission system operators (TSOs) from the European Northern Seas, says that a unified and efficient offshore grid development strategy is needed for the North Sea to maximize benefits for Europe’s energy securit

about 1 year ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Authorities & Government

Serious regulation breaches connected to Shelf Drilling rig’s cyber security come to light

Shelf Drilling (SHLF) has now received an order from the Norwegian offshore safety regulator after a probe into the management of data security risks for industrial ICT systems on board one of its jack-up rigs working off the coast of Norway.

about 1 year ago
United Global Ro-Ro cheers maiden call of newbuild LNG-powered PCTC at Khalifa Port
Business Developments & Projects

United Global Ro-Ro cheers maiden call of newbuild LNG-powered PCTC at Khalifa Port

The maiden call of a newbuild LNG-powered pure car and truck carrier (PCTC) at Autoterminal Khalifa Port has marked a new milestone for United Global Ro-Ro.

about 1 year ago
Valaris DS-9 drillship; Source: ExxonMobil
Business & Finance

Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes

ExxonMobil and QatarEnergy have wrapped up drilling activities off the coast of Cyprus, carried out with a drillship owned by Valaris, an offshore drilling contractor.

about 1 year ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Business & Finance

Gas uptick for Shell’s North Sea development project

Shell has disclosed better porosity and permeability than previously assumed for its natural gas discovery in the North Sea, which is situated on the UK Continental Shelf (UKCS). This led the firm’s partner, Deltic Energy, to reveal a boost in recoverable gas volumes from the project.

about 1 year ago
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