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Shearwater platform in the North Sea; Source: Shell
Business & Finance

Stake in Shell’s UK gas field enables Norwegian player to bolster North Sea portfolio

DNO has enriched its North Sea portfolio with a new addition, thanks to the acquisition of an interest in a Shell-operated gas field.

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business & Finance

QatarEnergy’s CEO on doubling production capacity: LNG is here to stay for years on end

CEO of QatarEnergy is adamant that LNG will keep its spot at the top of the energy demand pyramid for a long time.

about 2 years ago
Fast4Ward design; Source: SBM Offshore
Business & Finance

SBM Offshore puts FPSO work for ExxonMobil’s oil project offshore Guyana into the hands of Seatrium

SBM Offshore has tasked Seatrium Limited with the topsides fabrication and integration of a floating production, storage, and offloading (FPSO).

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling: No ‘permanent’ restraining order in place for rig in Nigeria

Dolphin Drilling has provided an update on an interim injunction, which Lagos-based General Hydrocarbons Limited (GHL) managed to secure in response to the Norwegian firm’s notice of termination of a drilling contract off the coast of Nigeria for a semi-submersible rig.

about 2 years ago
Ross Offshore CEO Jørgen Jørgensen; Source: Ross Offshore
Business & Finance

ABL acquires compatriot energy player in bid to strengthen position in oil & gas markets

ABL Group has inked a deal to buy Norway’s Ross Offshore from Moreld Group to expand its oil, gas, and renewables portfolios.

about 2 years ago
Hejre jacket; Credit: INEOS
Business & Finance

Another contractor gets FEED deal for North Sea gas platform

Kent has landed a front end engineering design (FEED) contract for a high-pressure, high-temperature (HP/HT) gas production platform in the North Sea off the coast of Denmark.

about 2 years ago
Australia's green hydrogen outlook
Business & Finance

Australia’s Hydrogen Headstart program receives $2 billion boost

As part of a funding package of $7.1 billion for budgeted programs to be administered by ARENA, the Australian government has allocated $2 billion for round two of the Hydrogen Headstart program.

about 2 years ago
Naming ceremony for Greenergy Ocean LNG carrier; Source: MOL
Business & Finance

MOL names first of six newbuilding LNG carriers at Chinese shipyard

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuilding liquefied natural gas (LNG) carrier at a Chinese shipyard.

about 2 years ago
Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book
Business & Finance

Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book

Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported

about 2 years ago
Source: Orbital Marine Power
Business & Finance

Orbital Marine Power partners with Global Energy Group for Orkney tidal projects

Scotland-based renewable energy company Orbital Marine Power has picked Global Energy Group as a supplier to lead the manufacture and assembly of turbines for the company’s Orkney projects which have won contracts under the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Emergency arbitrator picked: Has Dolphin Drilling’s attempt to oppose Nigerian oil & gas firm’s restraining order against rig termination failed?

General Hydrocarbons Limited (GHL) has succeeded in its endeavor to obtain an interim injunction against Dolphin Drilling’s plan to break off a semi-submersible rig’s deal off the coast of Nigeria.

about 2 years ago
Oceaneering on track with full-year 2024 expectations
Business & Finance

Oceaneering on track with full-year 2024 expectations

Texas-headquartered Oceaneering International has reported an operating income of $44.2 million for its Subsea Robotics division in the first three months of 2024, a 31% increase compared to the first quarter of 2023. In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599

about 2 years ago
Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.
Business & Finance

US research program backs eleven marine energy projects

Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.

about 2 years ago
Plug Power gets conditional loan of up to $1.66 billion for hydrogen projects
Business & Finance

Plug Power gets conditional loan of up to $1.66 billion for hydrogen projects

Plug Power has received a conditional commitment for an up to $1.66 billion loan guarantee from the U.S. Department of Energy (DOE) to finance green hydrogen projects.

about 2 years ago
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