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Business & Finance

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Business Developments & ProjectsExploration & ProductionOutlook & StrategyAuthorities & GovernmentInfrastructureVesselsGreen MarineInnovationCarbon Capture Usage & StorageProject & TendersRegulation & PolicyStorageTransitionVisionCollaborationEquipmentEnvironmentRules & Regulation
Nick Ingrassia, CEO of Longboat Energy; Source: Longboat Energy
Business & Finance

Oil & gas firm closing Norwegian chapter to continue its story in Southeast Asia

Longboat Energy has decided to exit Norway to concentrate on building a full-cycle E&P business in Southeast Asia.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Aker BP’s drilling ops yield new gas discovery in Norwegian waters

Aker BP has made a new gas discovery on the Norwegian Continental Shelf (NCS), using one of Saipem’s semi-submersible rigs.

about 2 years ago
Höegh Autoliners
Business & Finance

Höegh Autoliners secures funding for 4 new ammonia-fueled ships

Höegh Autoliners has been granted NOK 109.4 million (about $10.4 million) from Enova for four of the company’s ammonia-powered Aurora PCTCs.

about 2 years ago
Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships
Business & Finance

Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships

Maris Fiducia Norway, with HAV Hydrogen and Norwegian Hydrogen, secured $38.4 million funding from Enova for hydrogen-powered dry-bulk vessels.

about 2 years ago
Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
Business & Finance

Two out of four CO2 storage licenses awarded offshore Norway going to Equinor

The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to

about 2 years ago
Illustration; Source: Rex International Holding
Business & Finance

Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof

Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.

about 2 years ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Business & Finance

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago
Enova
Business & Finance

Fifteen green ship projects get $113.5M in Enova support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.

about 2 years ago
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Business & Finance

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago
Nordic Winter rig; Source: Awilco
Business & Finance

UK player strikes a bargain with Seatrium over yearslong rig arbitration saga

Seatrium has come to an understanding with Awilco Drilling regarding the settlement of two arbitration cases related to rig termination deals.

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

US judge dismisses ExxonMobil’s lawsuit against climate activist shareholder as moot

A federal judge has ruled that ExxonMobil no longer has a leg to stand on concerning its legal action against Arjuna Capital, given the climate activist investor’s withdrawal of emission reduction-related shareholder proposal and reassurance it will not be put forward again.

about 2 years ago
Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard
Business & Finance

Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard

Peter Döhle Schiffahrt has ordered four 14,000 TEU methanol-fueled containerships at China’s Hudong-Zhonghua Shipbuilding.

about 2 years ago
PSV Sapura Ônix; Source: Seagems
Business & Finance

Bermuda-based player gives Oslo stock exchange a go

Paratus Energy has shared its intention to list shares on Euronext Growth Oslo, followed by a planned uplisting to the Oslo Stock Exchange.

about 2 years ago
Sune Scheller, Greenpeace's Campaign Manager, participated in three of the protests covered by the lawsuit, including the action related to the SCF Baltica oil tanker on March 19, 2022; Credit: Will R
Business & Finance

Denmark challenges Greenpeace to a fight in court over protests hindering transit of Russian oil

Greenpeace is facing legal action in Denmark, which the Danish state set in motion in a crackdown on protests the group embarked on in 2022.

about 2 years ago
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