North Sea operator Chrysaor has submitted a licence application for the purpose of storing CO2 in a depleted reservoir in the North Sea off the UK.
NKT, the power cables business, has delivered improved revenue and earnings in Q3 2020 in all of its business lines. The cable division generated revenue of some €300 million, against €232 million same time last year. Year-to-date revenues stood at €1.05 billion, versus €926 million for the first ni
A joint venture between Ocyan and Altera has been awarded a contract by Karoon for the FPSO Cidade de Itajaí operating on the Baúna field off Brazil.
Ørsted and the multinational oil and gas major bp have agreed to jointly develop a potential large-scale renewable hydrogen project in Germany powered by offshore wind. The project, which is expected to be operational in 2024, will comprise a 50 MW electrolyser system installed at bp’s Lingen Refine
Heerema Marine Contractors’ heavy lift vessel Aegir has completed the installation of North Oil Company’s Al-Shaheen Gallaf 1 Project offshore Qatar.
Seabed seismic player Magseis Fairfield has returned to profit in Q3 2020 despite major revenue drop against the prior-year quarter. The Oslo-listed company generated Q3 2020 revenue of $47 million, down from $134 million same time last year. Revenue was up from Q2 2020 revenue of $45 million. The y
Dyna-Mac has won new contract awards related to fabrication of FPSO parts but it has also lost an offshore vessel contract.
Beach Energy has made a gas discovery at Enterprise 1 in licence VIC/P42(V) in the nearshore Victorian Otway Basin, Australia.
Oil major Shell has terminated early its contract for the Aban Offshore-owned jack-up drilling rig operating for Shell in Brunei.
Australian energy giant Woodside has confirmed its commitment to taking the delayed Scarborough gas project in Australia forward.
Australia’s Beach Energy is preparing to drill the Artisan offshore exploration well, which has been delayed due to the Covid-19 pandemic.
LNG giant Qatar Petroleum has established and started operations of QP Trading, as its dedicated LNG trading arm.
Vår Energi has decided to hire two ‘greener supply vessels’ for service in the North Sea as part of strategy to reduce its environmental footprint.
Triangle Energy has entered into an agreement with Pilot Energy to acquire an interest in an offshore in the Perth Basin and agreed to enter into a wind & solar JV.
