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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsCollaborationInfrastructureOutlook & StrategyProject & TendersRegulation & PolicyExploration & ProductionRules & RegulationVesselsEquipmentResearch & DevelopmentInnovationTechnology
Denmark ‘willing’ to inject billion-scale sum into Danish-German hydrogen pipeline
Business & Finance

Denmark ‘willing’ to inject billion-scale sum into Danish-German hydrogen pipeline

The government of Denmark has introduced new initiatives to support the country’s emerging hydrogen market with billion-scale (DKK) funding and committed to establishing a Danish-German hydrogen pipeline by 2030. The government announced the new initiatives for hydrogen as well as offshore wind mark

about 1 year ago
FPSO Baobab Ivoirien MV10; Source: Svenska
Business & Finance

FPSO refurbishment coming soon to prolong oil production to 2038 or longer

Vaalco Energy has confirmed a timeline for the departure of a floating production, storage, and offloading (FPSO) vessel, operated by Canadian Natural Resources International (CNRI), from a deepwater oil field off the coast of Côte d’Ivoire in Africa.

about 1 year ago
Vår Energi approved to conduct more North Sea drilling
Business & Finance

Vår Energi approved to conduct more North Sea drilling

The Norwegian Offshore Directorate (NOD) has granted a drilling permit to Norwegian oil & gas player Vår Energi for another wildcat well in the North Sea. The permit is for wellbore 7/1-4 S in production license 1090, in which Vår Energi holds a 50% operating stake, with partners Petoro and Aker BP

about 1 year ago
A large vessel at sea
Business & Finance

SBM Offshore and MISC wrap up FPSO stake swap

The Netherlands’ SBM Offshore has completed the exchange of interests in two FPSO vessels with Malaysia’s MISC Berhad (MISC).

about 1 year ago
Jan De Nul to install new UK interconnector
Business & Finance

Vattenfall and BASF gather tier 1 contractors for German offshore wind project

Vattenfall and BASF have signed contracts with EEW Special Pipe Constructions (EEW SPC) and CS Wind Offshore for component supply and with DEME and Jan De Nul for installation services for the Nordlicht 1 and Nordlicht 2 offshore wind farms in Germany. Germany’s EEW SPC will manufacture 112 monopile

about 1 year ago
EU backs hydrogen infrastructure projects with over €250 million
Business & Finance

EU backs hydrogen infrastructure projects with over €250 million

To help decarbonize the European Union (EU) industry, the European Commission will allocate over €250 million in grants from the Connecting Europe Facility (CEF) to 21 hydrogen infrastructure development studies.

about 1 year ago
Santos awards $40M helicopter services contract in Timor-Leste
Business & Finance

Santos awards $40M helicopter services contract in Timor-Leste

Australian energy player Santos has awarded a joint venture formed in 2020 with a $40 million contract for the delivery of helicopter transportation services in Timor-Leste. Under the contract structured for an initial 12-month period with options for two six-month extensions, Weststar-GAP Aviation

about 1 year ago
Another offshore wind job for TGS in UK
Business & Finance

Another offshore wind job for TGS in UK

Norway-based energy data and intelligence company TGS has secured another contract for offshore wind site characterization on the UK Continental Shelf (UKCS). To remind, TGS reported earlier this week it was set to kick off offshore wind site characterization in the UK in the first quarter of 2025 u

about 1 year ago
Halliburton
Business & Finance

Halliburton scores its largest service contract with Petrobras

U.S.-headquartered oilfield services company Halliburton has secured what it says is its largest service contract with Brazil’s oil & gas giant Petrobras, for the delivery of offshore drilling services. Under the contract that is a result of a competitive process, Halliburton will provide integrated

about 1 year ago
UK ROV under construction for Spanish subsea services provider
Business & Finance

UK ROV under construction for Spanish subsea services provider

UK’s Forum Energy Technology (FET) has secured a contract to supply a work-class remotely operated vehicle (ROV) system and a Dynacon launch and recovery system (LARS) to Spanish maritime survey and ROV services operator ACSM. The FET Perry XLX EVO II will be delivered in the third quarter of 2025 t

about 1 year ago
Metacon
Business & Finance

Metacon grows stake in Pherousa and CO2-free, ammonia-fueled deep-sea shipping

Swedish developer and manufacturer of energy systems Metacon has, through its subsidiary Metacon SA, increased its shareholding in Norway’s technology transfer company Pherousa Green Technologies, now re-named Pherousa, to approximately 35 percent of the capital.

about 1 year ago
Aurora Offshore takes over first of three Sea1 high-end subsea vessels
Business & Finance

Aurora Offshore takes over first of three Sea1 high-end subsea vessels

Norway-based provider of vessel management services Aurora Offshore, part of the Borealis Group, has taken delivery of the first of three high-end subsea vessels from compatriot operator Sea1 Offshore, former Siem Offshore. A total of 11 vessels are set to transfer to Aurora Offshore as a part of it

about 1 year ago
TotalEnergies contract takes Stena drillship to Suriname
Business & Finance

TotalEnergies contract takes Stena drillship to Suriname

French energy firm TotalEnergies has awarded offshore drilling contractor Stena Drilling with a contract under which its drillship will be deployed in Suriname. Under the contract, the Stena DrillMAX will be used for managed pressure drilling of one exploration well for TotalEnergies EP Suriname B.V

about 1 year ago
All wells starts producing in Phase 10 of Egypt's West Delta Deep Marine concession (Gallery)
Business & Finance

All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos)

Egyptian companies DeepTech, part of MCS Group, and Petroleum Marine Services (PMS) have brought the third and final well into production as part of Phase 10 of the West Delta Deep Marine (WDDM) gas field development project offshore Egypt. The partners, in charge of the engineering, procurement, in

about 1 year ago
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