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Norve jack-up rig; Source: Borr Drilling
Business & Finance

License extension off Cameroon comes while funding talks continue ahead of drilling ops

Tower Resources has secured a license extension of the first exploration period of a production-sharing contract (PSC) related to an asset offshore Cameroon.

about 2 years ago
Floating solar plant in France’s Isère taking shape
Business & Finance

Floating solar plant in France’s Isère taking shape

Ciel & Terre has completed the anchoring and is assembling the floating system for the Saint Savin floating solar project in Isère, France. The Saint Savin is an 11 MWp floating solar project being developed by Énerg’isère and EGREGA on a gravel pit. Currently, the team is progressing with the proj

about 2 years ago
EthosEnergy teammates working on a gas turbine; Courtesy of EthosEnergy
Business & Finance

North Sea operator hands out five-year gig for three UK assets to EthosEnergy

Harbour Energy has inked a five-year master service agreement, covering three production assets in the UK North Sea, to EthosEnergy.

about 2 years ago
Svitzer
Business & Finance

Maersk bids farewell to towage unit Svitzer after more than 40 years

Danish shipping and logistics major A.P. Møller – Mærsk A/S (APMM) has decided to initiate the separation of its towage and marine services activities in Svitzer A/S through a demerger.

about 2 years ago
Illustration; Source: Baron Oil
Business & Finance

Gas asset operator finalizes sale of partial stake off Timor-Leste

UK-headquartered Baron Oil has wrapped up the sale of a partial interest in a gas field offshore Timor-Leste to Timor Gap.

about 2 years ago
Mariner platform; Credit: Jamie Baikie/Equinor
Business & Finance

Equinor pens deal to enhance working conditions for North Sea workers

Unite the union has inked a recognition deal with Equinor for multiple workers, who are employed on the operator’s offshore facilities in the North Sea.

about 2 years ago
Minesto receives funding for next-generation mooring system
Business & Finance

Minesto receives funding for next-generation mooring system

The Swedish Energy Agency has awarded Minesto with 2.8M SEK (approximately $267,000) to support the development and testing of a mooring system for ocean energy deployment. The grant co-funds a project through which Minesto will advance the performance of the next-generation tether system that moors

about 2 years ago
Special purpose company established for potential Greek-Saudi electricity interconnector
Business & Finance

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago
Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, the President and CEO of QatarEnergy; Courtesy of QatarEnergy
Business & Finance

QatarEnergy’s CEO: Transition to low-carbon and green future hinges on balancing the energy trilemma scales

QatarEnergy’s CEO believes the energy transition jackpot can be hit by employing a balancing act between energy security, affordability, and sustainability.

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

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago
UK's Grain LNG posts utilization records
Business & Finance

Centrica concludes LNG supply deal with Repsol

UK’s Centrica Energy and Spain’s Repsol have signed an LNG supply deal that will see Centrica purchase 1 million tons of LNG shipments between 2025 and 2027. According to Centrica, all of the cargos are expected to be delivered to the Grain LNG import terminal, which is expected to soon have enough

about 2 years ago
UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact
Business & Finance

UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact

Freeport East, one of twelve Freeports established in the UK, and Australian green hydrogen storage company Rux Energy have signed a collaboration agreement to achieve the safe storage, distribution, and supply of low-carbon hydrogen within the UK and exporting green hydrogen across the world. The a

about 2 years ago
Polar Onyx
Business & Finance

Seaway7, Dong Fang Offshore partner in Taiwan

Seaway7 and Dong Fang Offshore (DFO) have signed a memorandum of understanding (MOU) on collaboration in the Taiwanese offshore wind market that will focus on cable installation. According to Seaway7, the MOU outlines the intention of the two companies “to collaborate in an exclusive manner and furt

about 2 years ago
Sweden closes investigation on Nord Stream pipeline incident
Business & Finance

Sweden closes investigation on Nord Stream pipeline incident

Sweden has decided to close its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were found on the Nord Stream 1 and 2

about 2 years ago
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