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Business & Finance

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Pilot field development plan; Source: Orcadian Energy
Business & Finance

North Sea license extension enables more time to revamp field development plan

Ping Petroleum, an independent upstream oil and gas company incorporated in Bermuda, has secured a multi-year license extension for a giant undeveloped North Sea field on the UK Continental Shelf (UKCS).

about 10 months ago
Map showing EGL5; Source: National Grid
Business & Finance

Community input seen as ‘vital’ piece of UK’s next subsea electricity transmission puzzle

Scottish transmission system operator (TSO) SSEN Transmission has sent out an invitation to residents to attend events designed to provide more insight into the plans for the development of the UK’s fifth subsea electricity superhighway project, envisioned to link Scotland and England.

about 10 months ago
Illustration; Source: BOEM
Business & Finance

Big Oil vs climate advocates on US offshore leasing plan: Key to energy security and jobs or coastal economy threat

The Trump administration’s draft five-year offshore leasing plan continues to run the gauntlet of commentators’ reactions, sparking both applause and outrage. While some are calling it vital for national security, energy independence, and job creation, others see it as a major risk that could jeopar

about 10 months ago
Illustration; Source: Saudi Aramco
Business & Finance

Aramco splashes $30 billion on 17 more deals with US players

Aramco, Saudi Arabia’s energy heavyweight, has revealed a new batch of multibillion-dollar memoranda of understanding (MoUs) and agreements, encompassing liquefied natural gas (LNG), financial services, advanced materials manufacturing, and procurement of materials and services with U.S. companies s

about 10 months ago
COSL Prospector rig; Source: Canarship
Business & Finance

All systems go for Barents Sea exploration ops with COSL rig

Equinor has obtained the Norwegian authorities’ blessing for drilling activities in the Barents Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 10 months ago
Floatel Endurance; Source: Aker BP
Business & Finance

More work for Floatel’s 2015-built vessel with Norwegian oil & gas player

Floatel International, an offshore accommodation provider, has won a new assignment for a ten-year-old semi-submersible accommodation vessel off the coast of Norway.

about 10 months ago
Oseberg field centre in the Norwegian North Sea; Credit: Trond Glaser/Equinor
Business & Finance

Decade-long gas deal in Europe lands on Equinor’s energy supply list

Norwegian state-owned energy giant Equinor has struck a new multi-year agreement with the Capital City of Prague’s gas and electricity company, Pražská plynárenská, to supply gas to the Czech Republic. The ten-year deal, which has enabled gas supplies to the Czech Republic, will last until October 1

about 10 months ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

More action time for Dolphin Drilling’s 1974-built rig offshore India

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a contract extension for one of its units with Oil India Limited, an exploration and production company, for operations off

about 10 months ago
Subsea rock installation vessel; Credit: Jan De Nul
Business & Finance

Finnish firm to arm Jan De Nul’s subsea rock installation vessel with propulsion package

Finland-headquartered propulsion specialist Steerprop has been entrusted with equipping a new subsea rock installation vessel with a complete propulsion package. Once constructed, this ship is destined to join the fleet of Jan De Nul, a dredging and offshore contractor.

about 10 months ago
FPSO Egina; Source: TotalEnergies
Business & Finance

TotalEnergies and Conoil swap oil & gas assets offshore Nigeria

France’s energy giant TotalEnergies has bolstered its oil and gas portfolio in African waters by striking an asset exchange deal with Conoil, which enables it to up its stake in an offshore license in Nigerian waters.

about 10 months ago
FPSOs P-84 (Atapu) and P-85 (Sépia) will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day; Source: Petrobras
Business & Finance

Seatrium entrusts another Swiss firm with work on Brazil-bound FPSO duo

Seatrium has hired Sulzer, a Switzerland-headquartered sustainable flow control innovation player, to provide pump packages for two next-generation floating production storage and offloading (FPSO) vessels, destined to be deployed at assets operated by Brazil’s state-owned energy giant Petrobras.

about 10 months ago
Courtesy of EnerMech/Woodside
Business & Finance

‘Major’ oil & gas player prolongs EnerMech’s Australian gig

Aberdeen-headquartered integrated solutions specialist EnerMech has secured 12 more months of work off the coast of Australia with Woodside, an Australian oil and gas operator.

about 10 months ago
GCMD: Vessel retrofit fund using pay-as-you-save repayment mechanism closes at $35M
Business & Finance

GCMD: Vessel retrofit fund using pay-as-you-save repayment mechanism closes at $35M

The Global Centre for Maritime Decarbonisation (GCMD) and partners have closed the world’s first fund for vessel retrofits with a pay-as-you-save repayment mechanism, securing total commitments of up to $35 million and exceeding its initial target.

about 10 months ago
Askeladden rig; Source: Equinor
Business & Finance

Two North Sea wildcats on 2017-built rig’s drilling list next month

Norwegian state-owned energy giant Equinor has secured a drilling permit for two exploration wells in the North Sea off the coast of Norway, which will be drilled using a rig managed by KCA Deutag, operating under the umbrella of Helmerich & Payne (H&P).

about 10 months ago
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