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Business & Finance

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AUV can operate at depths of up to 6,000 meters collecting high-resolution data; Credit: Jørgen Ramse Vadla
Business & Finance

Advanced underwater vehicle goes on first mission to chart Norwegian Sea’s subseascape

An advanced underwater vehicle (AUV), obtained by the Norwegian Offshore Directorate (NOD), a government agency responsible for managing and overseeing Norway’s offshore energy and subsurface resources, has embarked on its first assignment to map subsea areas in the northern Norwegian Sea.

about 3 months ago
Tungsten Explorer
Business & Finance

Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has secured its shareholders’ blessing for its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors.

about 3 months ago
ACUA's Pioneer USV in Plymouth Sound; Source: ACUA Ocean
Business & Finance

UK’s testbed on the lookout for partners after spotlighting subsea range with multi-robot demo

The UK’s newest subsea trials site has made waves with a multi-robot demonstration, highlighting its potential to accelerate marine autonomy and ocean sensing. The Smart Sound Connect Subsurface (SSCS) project — part of Plymouth’s growing marine innovation hub — showcased cutting-edge underwater tes

about 3 months ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

Norwegian oil and gas operators, Equinor and Aker BP, have each obtained drilling permits for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with semi-submersible rigs owned by COSL Drilling Europe and Saipem.

about 3 months ago
An offshore rig
Business & Finance

Regulatory setback puts appraisal of gas discovery at risk in Southeast Asia

A regulatory notice over a missed drilling deadline has placed a production sharing contract (PSC) for a gas asset under threat unless SundaGas Banda Unipessoal, a wholly owned subsidiary of the UK-based and AIM-listed Sunda Energy, shows proof that a rig has been booked to undertake the appraisal p

about 3 months ago
Ringvei Vest concept combines several discoveries in one project; Source: Equinor
Business & Finance

Several North Sea oil & gas discoveries fusing into large subsea tie-back project

Norway’s state-owned energy giant Equinor has unveiled a development concept for a project that aims to combine several discoveries in the North Sea into a single project, with estimated gross resources of approximately 240 million barrels of oil equivalent, making it one of the largest early-phase

about 3 months ago
FPSO Jotun; Source: Vår Energi
Business & Finance

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Norwegian oil and gas player Vår Energi and its partner, Kistos Energy, have rubberstamped a final investment decision (FID) to develop another multi-well addition to an oil project in the North Sea next year, augmenting oil output off the coast of Norway.

about 3 months ago
USV Elite; Source: OMS Group
Business & Finance

Uncrewed surface vessel’s mobilization set for Q4 as sea trials continue off France

Singapore-based OMS Group, a neutral and integrated digital infrastructure service provider, has provided insight into the ongoing sea acceptance tests (SAT) for its long-range uncrewed surface vessel (USV), currently being conducted off the South of France. Upon mobilization, the unit will support

about 3 months ago
Ramform Tethys vessel; Source: TGS
Business & Finance

Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push

A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U.S.-headquartered SLB, at the helm of the campaign that will help boost the exploration momentum in the So

about 3 months ago
Edda Freya vessel (for illustration purposes); Source: DeepOcean
Business & Finance

BP entrusts subsea decom and recycling job at UK field to DeepOcean

Norwegian ocean services provider DeepOcean has been hired by the UK-headquartered energy giant BP to lend a hand in the decommissioning and recycling of subsea equipment from a site where a floating production, storage, and offloading (FPSO) worked at the operator’s field located West of Shetland,

about 3 months ago
From Left to Right: Michail Cheliotis, Marine Surveyor at Lloyd’s Register; Peter Van de Graaf, Strategic Key Account Business Partner at Lloyd’s Register; Tim Berckmoes, CEO at Anglo Belgian Corporat
Business & Finance

Hydrogen-fuelled shipping takes step forward as BeHydro’s engine gets go-ahead

UK-based classification society Lloyd’s Register (LR) has given its stamp of approval for a 100% hydrogen-fuelled, spark-ignited marine engine developed by BeHydro, a joint venture between CMB.TECH and Anglo Belgian Corporation (ABC) Engines, focusing on hydrogen-powered internal combustion engines.

about 3 months ago
Plaquemines LNG; Courtesy of Venture Global LNG
Business & Finance

Germany clinches more US LNG as Venture Global and EnBW pen multi-year deal

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed on the dotted line with EnBW Energie Baden-Württemberg (EnBW), a German energy player, to send additional long-term U.S. LNG supply to Germany, aside from the volumes included in the du

about 3 months ago
Gjøa; Source: Vår Energi
Business & Finance

Vår Energi on portfolio reshaping spree: $460M acquisitions, swaps and divestments

Norwegian oil and gas player Vår Energi has embarked on a mission to high-grade its portfolio on the Norwegian Continental Shelf (NCS) to strengthen long-term value creation through deals that encompass the acquisition of Pandion Energy’s portfolio, a swap agreement with DNO Norge, a subsidiary of D

about 3 months ago
Illustration; Courtesy of Zululand Energy Terminal (ZET), a joint venture between Vopak and Transnet
Business & Finance

ExxonMobil joins Vopak–Transnet JV to progress South Africa’s LNG import terminal

ExxonMobil South Africa LNG, an affiliate of U.S.-headquartered energy heavyweight ExxonMobil, has penned a heads of agreement (HoA) with a strategic partnership between Vopak Terminal Durban and Transnet Pipelines to advance the development of a liquefied natural gas (LNG) import terminal at the Po

about 3 months ago
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