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Business & Finance

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ADNOC
Business & Finance

Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects

The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries, with eight of the bids submitted by hydrogen producers with off-takers in the maritime sector.

about 1 year ago
A photo of two wind turbines at the Seagreen 1 offshore wind farm site
Business & Finance

Equitix, Kyuden Group buy Seagreen 1 offshore transmission system

The joint venture between SSE Renewables, TotalEnergies and PTTEP has signed an agreement with a consortium of Equitix and Kyuden Group to sell the offshore transmission assets of the Seagreen Phase 1 offshore wind farm in Scotland. The Seagreen 1 transmission assets transmit electricity from the of

about 1 year ago
Rendering of Jordan Cove LNG project; Source: Jordan Cove LNG a Pembina company
Business & Finance

Controversial US energy project back in LNG game: Will its ‘rise from the ashes’ rekindle court battle?

After getting the axe at the end of 2021, a hotly contested liquefied natural gas (LNG) export terminal project and its 230-mile pipeline in Southern Oregon, USA, are coming back to the U.S. energy horizon, thanks to a first legal shot being fired to enable its revival.

about 1 year ago
Second of three Sea1 high-end subsea vessels joins Aurora Offshore's fleet
Business & Finance

Second of three Sea1 high-end subsea vessels joins Aurora Offshore’s fleet

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the second of three high-end subsea vessels from compatriot operator Sea1 Offshore, ex-Siem Offshore. A total of 11 vessels will transfer to Aurora Offshore as a part of its collaboration

about 1 year ago
Noble Resolve jack-up rig; Source: Noble
Business & Finance

Noble shines light on overcoming challenging rig move through minefield

Noble Corporation has offered insights into the difficulties it had to come to grips with to transport one of its jack-up rigs for the firm’s inaugural drilling assignment off the coast of Poland.

about 1 year ago
The GTA hub, including a floating LNG vessel; Source: BP
Business & Finance

BP’s biggest project continues with gas production business as usual after leak

BP has participated in a helicopter flight with a team of Mauritanian and Senegalese technicians to confirm there is no residue on the surface of the sea, in the wake of a gas leak at its giant gas development off the coasts of Mauritania and Senegal.

about 1 year ago
Courtesy of DNO
Business & Finance

Norwegian firm quadrupling its North Sea oil & gas production with Sval Energi buy

DNO has set the wheels into motion to augment its hydrocarbon portfolio with the acquisition of Sval Energi.

about 1 year ago
Gumusut-Kakap; Source: Shell
Business & Finance

Shell flows first oil from next chapter of Malaysian enormous deepwater project

Shell has brought online Phase 4 of its giant deepwater development project off the coast of Malaysia.

about 1 year ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

UK’s fiscal and regulatory hurdles pull the plug on FPSO buy as North Sea oil project awaits policy reset

A deal for an FPSO, picked for an oil redevelopment project in the North Sea, has been taken off the table as New European Offshore (NEO Energy) and its partners, Serica Energy and Jersey Oil & Gas (JOG), continue to wait clarity on the fiscal and regulatory woes arising from the UK’s current oil an

about 1 year ago
Greater Kittiwake Area (GKA); Source: EnQuest
Business & Finance

UK oil & gas duo mulling over potential merger

Serica Energy and EnQuest have taken steps to engage in talks over a potential business combination that has the opportunity to create a bigger combined company with a total market capitalization of nearly $1 billion.

about 1 year ago
An offshore rig
Business & Finance

UK player inks acquisition and farm-out deals for assets off Africa

After inking one deal to buy and two deals to sell a portion of its stakes in assets offshore Namibia and Cameroon, two local subsidiaries of the UK-based oil and gas company Tower Resources are seeking partner and government approvals for the transactions.

about 1 year ago
VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July
Business & Finance

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago
UK firm's ROV going to US to serve offshore wind market
Business & Finance

UK firm’s ROV going to US to serve offshore wind market

UK’s Forum Energy Technology (FET) is set to deliver a remotely operated vehicle (ROV) to a North American subsea organization which will be used for offshore wind, as well as river bed surveys in the U.S. FET’s Subsea Product Line signed a contract for the sale of an electric Sub Atlantic Super Moh

about 1 year ago
Keel-laying for Hull 3407; Source: Excelerate Energy
Business & Finance

FSRU hull starts taking shape with keel-laying milestone out of the way (Gallery)

A keel-laying ceremony has been held for a newbuild floating storage regasification unit (FSRU), owned by the U.S.-based Excelerate Energy.

about 1 year ago
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