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FPSO Western Isles; Source: NEO Energy
Business & Finance

North Sea oil project inching closer to FID as FEED work moves forward on schedule

Progress is being made in putting all the requirements in place to sanction NEO Energy’s redevelopment project on the UK Continental Shelf (UKCS).

about 2 years ago
Yara pens ammonia supply deal with Indian energy firm
Business & Finance

Yara pens ammonia supply deal with Indian energy firm

Yara Clean Ammonia, a subsidiary of Yara International, and Greenko ZeroC, AM Green’s company, have signed a term sheet for the supply of renewable ammonia from AM Green’s ammonia production facility in Kakinada, India.

about 2 years ago
FILE PHOTO: A man walks past the Larsen and Toubro (L&T) head office in Mumbai, India, September 2, 2021.
Business & Finance

Larsen & Toubro to establish two floating solar plants in India

The Power Transmission & Distribution (PT&D) business of Larsen & Toubro (L&T) has secured orders to establish two floating solar plants in India.

about 2 years ago
Subsea7 and OneSubsea get more work for 'one of Türkiye's largest energy projects'
Business & Finance

Subsea7 and OneSubsea get more work for ‘one of Türkiye’s largest energy projects’

Subsea Integration Alliance, a strategic alliance between OneSubsea and Subsea7, has secured a contract deemed as “large” with the Turkish Petroleum Offshore Technology Center (TP-OTC) for a natural gas project in the Black Sea in Türkiye. An initial contract was awarded in May 2023 to a consortium

about 2 years ago
Illustration; Source: The North Sea Transition Authority (NSTA)
Business & Finance

North Sea oil & gas operators raise the decarbonization bar with potential investments of nearly $3.8 billion

North Sea Transition Authority has spotlighted up to £3 billion ($3.76 bln) of emissions reduction schemes proposed by North Sea companies.

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

Rig termination and payment issues set arbitration and court processes underway

Dolphin Drilling is engaged in arbitration and court proceedings with Lagos-based General Hydrocarbons Limited (GHL) in Nigeria.

about 2 years ago
Noble Resolve jack-up rig; Source: Noble
Business & Finance

First foray into Spanish waters takes Noble rig on multi-well P&A gig

Noble Corporation has secured a new deal for one of its jack-up rigs off the coast of Spain, where the rig will carry out plug and abandonment (P&A) activities.

about 2 years ago
Map showing two exploration blocks in Egypt; Source: QatarEnergy
Business & Finance

ExxonMobil brings QatarEnergy on board as its new partner in two exploration blocks

QatarEnergy has sealed a deal with ExxonMobil, a U.S.-headquartered energy giant, to enter two exploration blocks off the coast of Egypt.

about 2 years ago
Rovco and Vaarst plan to bring on board over 150 subsea roles by end of 2025
Business & Finance

Rovco and Vaarst to bring on board over 150 subsea roles by end of 2025

UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst are planning to recruit over 150 specialist subsea roles across their offices by the end of 2025. Rovco unveiled its intention to recruit over 100 new roles across its Aberdeen and Edinburgh offices by the end of 2025 to sup

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

Shell places multi-million wager on hydrogen’s ability to decarbonize drillship and tanker ops

Shell has made a multi-million bet on a project testing hydrogen in diesel engines on marine vessels, such as drilling rigs and tankers, to curb greenhouse gas (GHG) emissions.

about 2 years ago
Sleipner field in the North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Business & Finance

Electrification of North Sea field lends a helping hand to Poland’s energy giant in slashing emissions

Poland’s Orlen has welcomed the recent partial electrification of an Equinor-operated gas field in the Norwegian sector of the North Sea.

about 2 years ago
Illustration/ SIMEC Atlantis’ AR1500 tidal turbine for MeyGen project off Scotland (Courtesy of SIMEC Atlantis)
Business & Finance

ORE Catapult’s survey reveals strong interest in advancing wave and tidal energy in Scotland

Offshore Renewable Energy (ORE) Catapult has carried out an in-depth survey, on behalf of Crown Estate Scotland in 2023, gathering insights and ideas from individuals working to develop and commercialize the upcoming wave and tidal technologies and projects.

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

TotalEnergies gives more work to UK firm for its North Sea oil & gas assets

TotalEnergies has decided to prolong a contract with PBS for integrated services delivery to its North Sea portfolio.

about 2 years ago
Illustration; Source: Abu Dhabi National Oil Company (ADNOC)
Business & Finance

ADNOC joins hands with compatriot tech company to step up energy-focused AI game

UAE’s Presight is set to acquire a majority stake in AIQ to lend a helping hand in bringing forth AI-powered solutions to the energy sector.

about 2 years ago
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