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Business & Finance

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Troll B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

Equinor gets the all-clear to deploy export solution for North Sea gas

Equinor has received the Norwegian authorities’ blessing for a new gas export solution, which will create an alternative path for gas exports from a platform in the North Sea to bolster Norway’s energy security.

about 9 months ago
AKOFS vessel secures more work with Petrobras under $246 million contract
Business & Finance

AKOFS vessel secures more work with Petrobras under $246 million contract

AKOFS Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services, has secured a firm contract for one of its vessels that ensures it will continue working for Brazilian oil & gas giant Petrobras. Following a competitive tender process that resulted in

about 9 months ago
A North Sea platform
Business & Finance

Tenaz gains access to ‘highly prospective’ North Sea gas assets in $244M deal

Canada’s public energy company Tenaz Energy has acquired a private company holding interests in an offshore development on the border between the Dutch and German sectors of the North Sea.

about 10 months ago
QatarEnergy expands exploration footprint offshore Egypt; Source: QatarEnergy
Business & Finance

QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt

Qatar’s state-owned energy giant QatarEnergy has set the wheels in motion to get a stake in an exploration block off the coast of Egypt.

about 10 months ago
DOF orders work-class ROV for its Brazilian operations
Business & Finance

DOF orders work-class ROV for its Brazilian operations

Norwegian vessel owner DOF Group has placed an order with UK’s Forum Energy Technologies (FET) for a work-class remotely operated vehicle (ROV) with a supporting tether management system. The equipment, expected to be delivered late this year, will support DOF’s subsea operations in Brazil. Accordin

about 10 months ago
Illustration; Source: Europa Oil & Gas
Business & Finance

PSC extension in hand: Farm-out and drilling plans moving forward for African oil & gas block

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has confirmed that the final details are being ironed out for an extension of a production sharing contract (PSC) covering a block off the coast of Equatorial Guinea.

about 10 months ago
ABL gets marine warranty role for UK’s subsea green electricity superhighway
Business & Finance

ABL gets marine warranty role for UK’s subsea green electricity superhighway

Energy and marine consultancy ABL has been selected to provide marine warranty survey services to support the installation of Eastern Green Link 2 (EGL2), said to be the UK’s largest electricity transmission project and the longest high voltage direct current (HVDC) cable. Developed by a joint ventu

about 10 months ago
First steel strike ceremony for FPSO Gato do Mato at COSCO Qidong Shipyard; Source: MODEC
Business & Finance

MODEC: Pieces of Shell’s Brazil-bound FPSO puzzle continue to slide into place

Japan’s MODEC is making headway in the construction of a floating production, storage, and offloading (FPSO) unit destined for a field offshore Brazil, operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell.

about 10 months ago
Illustration: Source: Wood Mackenzie
Business & Finance

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 10 months ago
Zandolie renewably-powered platform; Source: DeNovo, now Proman Energy
Business & Finance

Trinidad and Tobago’s gas producer rebrands to align with Proman family of companies

Proman’s upstream company, DeNovo Energy, has changed its name to Proman Energy to bring its identity in alignment with the integral role of the parent company’s upstream business, ensuring greater visibility across its integrated value chain.

about 10 months ago
A rig offshore
Business & Finance

Australia’s energy backbone: Oil & gas firms set to boost tax revenue with $21.9 billion

While emphasizing that oil and gas companies are among Australia’s largest corporate taxpayers, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has highlighted that the hydrocarbon industry will drive additions to taxes and roya

about 10 months ago
wave energy buoys
Business & Finance

Canadian firm raises $1.83M to advance wave energy tech

Voltai, a Canadian cleantech company focused on ocean and renewable energy solutions, has closed an oversubscribed $1.83 million pre-seed financing round. Invest Nova Scotia led the round, with additional participation from an angel investor group headed by Mahir Sahin, former advisor to Alphabet’s

about 10 months ago
Living Stone cable installation vessel at sea, with wind turbines in the background
Business & Finance

DEME to install inter-array cables on new German offshore wind farm

DEME has secured a contract for the transport and installation of inter-array cables on the 900 MW Nordseecluster B offshore wind farm in the German North Sea, owned by RWE (51%) and Norges Bank Investment Management (49%). Under the contract, the Belgian offshore construction specialist will transp

about 10 months ago
DOF gets project awards for three vessels to keep working in North America
Business & Finance

DOF gets project awards for three vessels to keep working in North America

Norwegian vessel owner DOF Group has secured several project awards in the North America region that have a combined contract value of over $60 million. The awards will use vessels already in the region, securing over 300 days of firm vessel utilization, with further options available. Skandi Skanse

about 10 months ago
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