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Business & Finance

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Business Developments & ProjectsInnovationHuman CapitalOutlook & StrategyProject & TendersAuthorities & GovernmentExploration & ProductionRegulation & PolicyVesselsCollaborationMarket OutlooksResearch & DevelopmentTechnologyTransitionVisionInfrastructure
MOL
Business & Finance

MOL invests in US firm developing commercial-scale fusion reactor

As part of a consortium of 12 Japanese companies, Japanese shipping company Mitsui O.S.K. Lines (MOL) has invested in Commonwealth Fusion Systems (CFS), a US-based fusion energy company.

about 11 months ago
ABL Group names new CEO as co-founder transitions to another role
Business & Finance

ABL Group names new CEO as co-founder transitions to another role

Energy and marine consultancy ABL Group has made changes to its executive management team with the appointment of a new chief executive officer (CEO), succeeding the company’s co-founder in the role. The new CEO, Hege Marie Norheim,. brings experience in oil & gas and renewables from roles of Senior

about 11 months ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies continues African oil & gas expansion with new offshore acreage in Nigeria

France’s energy giant TotalEnergies has boosted its oil and gas portfolio in African waters by securing two offshore exploration permits off the coast of Nigeria.

about 11 months ago
A photo of Sofia monopile foundations at EEW SPC
Business & Finance

Foundation, inter-array contractors selected for Gennaker offshore wind farm

Skyborn Renewables has signed preferred supplier agreements (PSAs) for monopiles, transition pieces, foundation installation and inter-array cable supply and installation for the 976.5 MW Gennaker offshore wind project in the German Baltic Sea. EEW Special Pipe Construction (EEW SPC) has been select

about 11 months ago
FPSO for Bay du Nord oil project; Source: BW Offshore
Business & Finance

BW Offshore emerges as preferred FPSO bidder for Canada’s $12B oil project

Equinor has taken another step to bring to life its oil project off the coast of Newfoundland and Labrador by inking heads of agreement (HoA) with BW Offshore for a floating production, storage, and offloading (FPSO) unit that will be deployed on the Canadian project, which was put on ice for three

about 11 months ago
An image of the M/V Explorer hybrid CTV at sea
Business & Finance

Northern Offshore Services adding twelve new hybrid CTVs to its fleet

Northern Offshore Services (N-O-S) has ordered a total of twelve E-class crew transfer vessels (CTVs), with four already on the way and eight more now on order. N-O-S said via social media that this was one of the largest CTV orders in history, with the agreement also including several options for a

about 11 months ago
Yara
Business & Finance

Hydrogen associations team up to drive uptake of hydrogen value chains

Hydrogen Europe Research (HER) and the Clean Hydrogen Mission (CHM) have signed a memorandum of understanding (MoU) in Busan, South Korea, intending to speed up the development and uptake of integrated clean hydrogen value chains across developed and developing regions.

about 11 months ago
Sea1 Offshore's vessel joins Boskalis' fleet following sale
Business & Finance

Sea1 Offshore’s vessel joins Boskalis’ fleet following sale

The Netherlands-headquartered Boskalis has added a new construction support vessel (CSV) to its fleet, following the purchase from Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore. The 120-meter-long Spearfish CSV is equipped with a heave-compensated deck crane capable of lif

about 11 months ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business & Finance

Transocean eyes divestment of five stacked rigs

Transocean has unveiled plans to optimize its fleet by bidding goodbye to four drillships and one semi-submersible rig that are currently stacked, which will reduce the size of its rig fleet.

about 11 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor cleared to kick off drilling ops with Transocean’s rig next month

Norwegian state-owned energy giant Equinor has obtained a drilling permit for an exploration well in the Norwegian Sea, which will be drilled using a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 11 months ago
Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?
Business & Finance

Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?

A new project has been launched in Wales to explore combining floating wind turbines, equipped with electrolyzers that produce green hydrogen, and wave energy devices to drive wave energy deployment off the coast of Pembrokeshire and lower its cost by sharing infrastructure. The Milford Haven: Hydro

about 11 months ago
2014-built vessel removes Gulf of America's oldest tension leg platform
Business & Finance

2014-built vessel removes Gulf of America’s oldest tension leg platform

C-Innovation, an affiliate of Edison Chouest Offshore (ECO), has completed the decommissioning of what it says is the oldest tension leg platform (TLP) in the Gulf of America. The 2014-built multipurpose support vessel (MSV) Island Venture put its remotely operated vehicles (ROVs), cranes and back d

about 11 months ago
Illustration; Source: Conrad Asia Energy
Business & Finance

Closing fossil fuels chapter to focus on renewables: New timeline for Asian firm’s gas field sale

Coro Duyung, a subsidiary of Southeast Asia’s Coro Energy, has confirmed a change in the end date of its fossil fuels chapter related to the divestment of its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia, which will enable it to direct its attention to its renewa

about 11 months ago
COSL Prospector rig; Source: Canarship
Business & Finance

Equinor hits a dry patch in Barents Sea prospect

Norwegian state-owned oil and gas giant Equinor has found no commercial hydrocarbons in an exploration well in the Barents Sea, which was drilled with COSL Drilling Europe’s semi-submersible rig off the coast of Norway.

about 11 months ago
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