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Business & Finance

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Interview with Rovco CEO: New technologies can close huge offshore wind skills gap
Business & Finance

Interview with Rovco CEO: New technologies can close huge offshore wind skills gap

New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi

about 2 years ago
LNG terminal Illustration; Source: Aker Solutions
Business & Finance

‘Critical milestone’ for Scotland’s floating LNG import terminal as British firm wins engineering design job

Crown LNG Holdings has picked a partner for the design and engineering of its planned FSRU import terminal in Scotland’s Firth of Forth.

about 2 years ago
Fluxys’ Zeebrugge, Belgium regasification terminal; Source: ConocoPhillips
Business & Finance

ConocoPhillips secures multi-year LNG supply for Europe and Asia

ConocoPhillips has disclosed two long-term strategic agreements, enabling it to supply liquefied natural gas (LNG) to the European and Asian markets from 2027.

about 2 years ago
Illustration; Source: GTT
Business & Finance

With 58 new additions to its order book, GTT more than doubles net profit

GTT has disclosed its semi-annual results, identifying higher revenues as one of the reasons for a two-fold growth in net income.

about 2 years ago
Peregrino field off Brazil; Credit: Einar Aslaksen/Equinor
Business & Finance

Multi-year oil & gas drilling gig enables duo to expand their 16-year relationship in Brazil

Archer has got its hands on a new long-term platform drilling assignment with Equinor for platform drilling services off the coast of Brazil.

about 2 years ago
UK firm to perform subsea inspections offshore Brazil
Business & Finance

UK firm to perform subsea inspections offshore Brazil

UK provider of remotely deployed subsea inspections TSC Subsea has secured a multi-year contract with an undisclosed operator to deliver subsea inspection of insulated flexible pipes in the pre-salt region offshore Brazil. Under the contract seen as “significant”, TSC Subsea is in charge of performi

about 2 years ago
'World-first electricity grid-scale wave energy device' hits the water off Hawaii
Business & Finance

‘World-first electricity grid-scale wave energy device’ hits the water off Hawaii

Marine hydrokinetics pioneer Ocean Energy USA, a wholly owned subsidiary of Ocean Energy Group Ireland, has deployed what is said to be the world’s first electricity grid-scale wave energy device at the U.S. Navy’s test site in Hawaii. The 826-ton wave energy convertor buoy, the OE-35, was deployed

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Business & Finance

Transocean rigs fetch $656 million for eight drilling gigs

Transocean has landed multi-million contracts and extensions in the U.S. Gulf of Mexico, Norway, Australia, and Brazil for seven floaters, encompassing four drillships and three semi-submersible rigs.

about 2 years ago
Helmerich & Payne
Business & Finance

Helmerich & Payne’s $2 billion KCA Deutag acquisition secures rig fleet boost and top spot in largest oil & gas regions

In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.

about 2 years ago
FPSO Johan Castberg; Source: Equinor
Business & Finance

Oil & gas production uptick sets the scene for ‘solid’ financial performance as Equinor bolsters low-carbon shift with spike in renewables

Equinor has maintained a stable net profit in Q2 2024, with a drop quarter on quarter but a slight increase compared to the same period 2023.

about 2 years ago
Akcakoca production platform; Source: Trillion Energy
Business & Finance

Perforations at Trillion’s Black Sea gas field yield mixed results

Canada’s Trillion Energy has shared the latest information on the flow rates and well perforations at its gas field off the coast of Türkiye.

about 2 years ago
FPSO Western Isles; Source: NEO Energy
Business & Finance

FPSO staying in Scotland’s Orkney Islands for revamp ahead of redeployment to UK firm’s flagship North Sea oil project

A 2017-built FPSO, destined to work on a redevelopment project in the North Sea, will spend up to a year in Scapa Flow, according to Orkney Harbour Authority.

about 2 years ago
Cyan Renewables, a portfolio company of Seraya Partners, has closed the agreement to acquire Australian offshore vessel player, MMA Offshore, adding 20 vessels to its fleet and gaining expertise in th
Business & Finance

Cyan Renewables acquires MMA Offshore, expands fleet and expertise

Singapore-based Cyan Renewables, a portfolio company of Seraya Partners, has closed the agreement to acquire Australian offshore vessel player, MMA Offshore, adding 20 vessels to its fleet and gaining expertise in the Australian offshore wind market.

about 2 years ago
Hornsea Project One; Source: Ørsted
Business & Finance

UK’s state-owned clean energy firm, Crown Estate to back offshore wind, CCS, hydrogen, marine energy projects

The UK government will today (July 25) introduce a bill to establish Great British Energy, a publicly owned clean energy company. Ahead of issuing the bill, the government revealed a partnership between the new company and The Crown Estate. The tie-up is said to lead to 20-30 GW in new offshore wind

about 2 years ago
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