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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsExploration & ProductionRegulation & PolicyInfrastructureOutlook & StrategyProject & TendersTransitionVisionCollaborationVesselsEquipmentRules & RegulationCarbon Capture Usage & Storage
Transocean Encourage rig; Source: Transocean
Business & Finance

Transocean rig in the clear for drilling ops offshore Norway

Equinor has received the go-ahead from the country’s authorities to use one of Transocean’s semi-submersible rigs for drilling operations at a field off the coast of Norway.

about 1 year ago
Clean Industrial Deal
Business & Finance

European Commission greenlights €400 million Spanish hydrogen scheme

The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen through the European Hydrogen Bank’s ‘Auctions-as-a-Service’ tool for the auction closing in 2025.

about 1 year ago
Offshore surveys to start at UK's fifth subsea electricity superhighway
Business & Finance

UK’s fifth subsea electricity superhighway in the making?

Offshore marine survey operations are scheduled to begin soon at what would be the UK’s fifth subsea electricity superhighway, connecting Scotland and England. Ireland-based XOCEAN is in charge of carrying out the marine survey works for the Eastern Green Link 5 (EGL5) project using seven remotely o

about 1 year ago
Valaris DS-9 drillship; Source: ExxonMobil
Business & Finance

Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes

ExxonMobil and QatarEnergy have wrapped up drilling activities off the coast of Cyprus, carried out with a drillship owned by Valaris, an offshore drilling contractor.

about 1 year ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Business & Finance

Gas uptick for Shell’s North Sea development project

Shell has disclosed better porosity and permeability than previously assumed for its natural gas discovery in the North Sea, which is situated on the UK Continental Shelf (UKCS). This led the firm’s partner, Deltic Energy, to reveal a boost in recoverable gas volumes from the project.

about 1 year ago
Koreaa-flagged geotechnical survey vessel in new guise hits the water (Gallery)
Business & Finance

Korea-flagged geotechnical survey vessel in new guise hits the water (Gallery)

Adira Renewables, the wholly-owned subsidiary of Singapore’s offshore services provider Kim Heng and Soiltech Engineering Co Ltd Korea (STE), has launched a geotechnical survey vessel, rebuilt/converted in 2024, into the water. Kim Heng announced today, April 15, the completion of the christening ce

about 1 year ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Brazilian oil field’s FPSO two wells richer with another duo slated for June

Brava Energia has brought two additional wells online by connecting them to an existing floating production, storage, and offloading (FPSO) vessel working at an oil field off the coast of Brazil.

about 1 year ago
Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

Saipem tweaks terms for 7th-gen drillship’s stay in its rig fleet

Saipem has taken steps to make changes to a deal outlining the duration a chartered seventh-generation drillship will spend in its rig fleet.

about 1 year ago
Illustration; Source: Petronas
Business & Finance

Petronas and Petrovietnam strengthen oil & gas ties

Petronas and the Vietnam National Industry – Energy Group (Petrovietnam) have joined forces to evaluate potential oil and gas blocks on Vietnam’s continental shelf.

about 1 year ago
Texan piping company bags over $27M for projects in MENA and the Americas
Business & Finance

Texan piping company bags over $27M for projects in MENA and the Americas

Texas-headquartered Perma-Pipe International has secured several projects in the Americas and the Middle East and North Africa (MENA) region that have a combined value of over $27 million. Perma-Pipe said that the projects would use its anti-corrosion coating capabilities and the XTRU-THERM insulati

about 1 year ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies firming up 15-year LNG deal to meet Caribbean nation’s energy needs

TotalEnergies is working on closing a multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) in the Caribbean, which will enable it to assist the Dominican Republic in boosting its electricity supply.

about 1 year ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Aker BP gearing up to spud North Sea wildcat with Odfjell Drilling’s rig

Aker BP has secured a drilling permit for an exploration well in the North Sea off the coast of Norway, which will be drilled this month with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
2 GW hybrid offshore interconnector in the plans to hook up Lithuania, Latvia and Germany
Business & Finance

2 GW hybrid offshore interconnector in the plans to hook up Lithuania, Latvia and Germany

Lithuania, Latvia and Germany are planning to jointly develop a hybrid offshore electricity interconnector between the two Baltic States and Germany, which would be 600 kilometers long and with a capacity of 2 GW. Lithuanian transmission system operator (TSO) Litgrid and its Latvian and German count

about 1 year ago
CO2 capture solution for FPSOs; Courtesy of SBM Offshore
Business & Finance

Japan’s MHI confirms joint study for FPSO CO2 capture modules with SBM Offshore

SBM Offshore is pooling resources with Japan’s Mitsubishi Heavy Industries (MHI) Group to undertake a study for the application of CO2 capture modules on future floating production, storage, and offloading (FPSO) units to be deployed on oil and gas fields operated by Brazil’s energy giant Petrobras.

about 1 year ago
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