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Business & Finance

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FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

Oil gushes out of fourth well at subsea tie-back in Brazilian waters

Brazilian oil and gas company PRIO, formerly known as PetroRio, has brought online another well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 1 month ago
Kosmos Energy completes sale of production assets in Equatorial Guinea to Panoro; Source: Kosmos Energy via LinkedIn
Business & Finance

Kosmos Energy trims oil & gas portfolio with sale of assets off Equatorial Guinea

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has wrapped up the divestment of its non-operating working interest in production assets off the coast of Equatorial Guinea to the UK-headquartered independent E&P company Panoro Energy.

about 1 month ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Business & Finance

Ocean Sun leading floating solar-desalination demonstrator in Canary Islands

Norway’s Ocean Sun has secured approximately NOK 2.1 million (around €193,000) in EU funding for a floating solar demonstrator project in La Palma, one of Spain’s Canary Islands. The 310 kWp La Palma demonstrator, located at the port of Tazacorte, will combine renewable energy from an Ocean Sun FPV

about 1 month ago
ECOnnect will deliver its IQuay F-Class system for a fast-tracked LNG import terminal in Cartagena Bay, Colombia; Source: ECOnnect
Business & Finance

ECOnnect tasked with jettyless transfer solution for Colombia’s new LNG terminal

Norway’s technology company ECOnnect Energy has been hired to deliver its IQuay F-Class jettyless transfer system for Puerto Bahía´s fast-tracked liquefied natural gas (LNG) import terminal in Cartagena Bay, Colombia.

about 1 month ago
EnerMech delivers offshore pipeline scope for ExxonMobil Australia
Business & Finance

EnerMech delivers offshore pipeline scope for ExxonMobil Australia

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a cleaning and preparation scope on an offshore pipeline on behalf of Esso Australia Resources, a wholly-owned subsidiary of ExxonMobil Australia. EnerMech performed the scope on the Bass Strait pipeline system in the Gipp

about 1 month ago
An offshore rig
Business & Finance

Transocean rig pair lines up two drilling jobs in Norway and Australia

Switzerland-based offshore drilling contractor Transocean has secured new multimillion-dollar assignments for two of its harsh environment semi-submersible rigs off the coasts of Norway and Australia.

about 1 month ago
Norwegian firm rigging vessel for CSEM campaign
Business & Finance

Norwegian firm rigging vessel for CSEM campaign

Following newly signed contracts with a combined value of approximately $6 million, Norway’s Electromagnetic Geoservices (EMGS) is preparing a former seismic vessel for an upcoming controlled-source electromagnetic (CSEM) campaign in Norwegian waters. EMGS reported on June 16 that it was rigging the

about 1 month ago
PSA signing; Source: MOL
Business & Finance

Trio sets the stage for Mediterranean Sea oil & gas exploration with North African PSA

Three joint venture (JV) partners – MOL Group, Repsol, and Türkiye Petrolleri A.O. (TPAO) – have signed a production sharing agreement (PSA) for an offshore exploration area in the Mediterranean Sea, off the coast of Libya.

about 1 month ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

DrillDocs’ AI-driven tech gaining wider fleet adoption across Aker BP’s contracted rigs

Norway’s oil and gas player Aker BP has set its cap on expanding the deployment of a digital shaker surveillance system technology across its contracted rig fleet on the Norwegian Continental Shelf (NCS) through its collaboration with DrillDocs, a provider of computer vision technology for drilling

about 1 month ago
Rendering of Alaska LNG plant
Business & Finance

Chugach eyes gas from Alaska’s $44B LNG project with Glenfarne deal

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has signed on the dotted line with Chugach Electric Association to iron out a potential gas supply deal related to its liquefied natural gas (LNG) export development in Alaska.

about 1 month ago
N-Sea workers in their flourescent equipment
Business & Finance

New CEO takes over at N-Sea

Dutch integrated subsea solutions service provider N-Sea Group has appointed former Chief Operating Officer (COO) Pim Nelemans as its new Chief Executive Officer (CEO) after Martin Adler stepped down. Adler, who was the company’s CEO over the past five years, will remain as N-Sea’s shareholder and C

about 1 month ago
Ringhorne; Credit: Vår Energi
Business & Finance

Vår Energi books Scottish firm on multi-year job

Aberdeen-based energy services company THREE60 Energy has landed a long-term assignment to assist Norway’s oil and gas player Vår Energi with activities on the Norwegian Continental Shelf (NCS).

about 1 month ago
ABL Group brings back Aqualis name to distinguish from subsidiary
Business & Finance

ABL Group brings back Aqualis name to distinguish from subsidiary

Oslo-listed international consultancy group ABL Group is rebranding and will be renamed Aqualis. The new name derives from the original Aqualis Offshore, founded in 2012 and listed on the Oslo Stock Exchange in 2014. The group consists of four operating brands, including energy and marine consultanc

about 1 month ago
FPSO Abigail-Joseph; Source: Yinson Production
Business & Finance

Yinson Production taps Techouse’s affiliate for Nigerian FPSO’s back-up power module

Norway-headquartered oil industry supplier Eureka, a provider of pumping and power solutions to the offshore energy industries that is part of the Techouse Group, has been hired by Singapore’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson,

about 1 month ago
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