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View from Åsgard A in the Norwegian Sea; Credit: Ole Jørgen Bratland/Equinor
Business & Finance

As Shell divests its stake in Norway’s ‘largest undeveloped gas discovery,’ Equinor snaps it up

Shell is in the process of selling its interest in a giant gas discovery on the Norwegian Continental Shelf (NCS) to Equinor.

about 2 years ago
Hydrom paves the way for Oman’s green hydrogen growth
Business & Finance

Hydrom paves the way for Oman’s green hydrogen growth

Hydrom, a central and independent entity orchestrating Oman’s national interest in green hydrogen, has signed multiple memorandums of understanding (MoUs) as part of its strategy to propel Oman’s energy transition and green hydrogen growth. During the first day of the Green Hydrogen Summit Oman (GHS

about 2 years ago
COP28 UAE
Business & Finance

COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

15 minutes read
WaveBeat wave energy device at the Port of Tanger-Med in Morocco (Courtesy of ATAREC)
Business & Finance

Interview: Moroccan start-up set to transform power supply of ports with wave energy

Born from the vision of two engineers, the Moroccan start-up Advanced Third Age Renewable Energies Company (ATAREC) has set its sights on exploiting the vast wave energy potential that exists around port breakwaters and other infrastructures exposed to sea, with its full-scale demonstrator already d

about 2 years ago
Artemis Technologies
Business & Finance

Artemis Technologies: Electric foiling boats ready to go global

UK-based maritime design and applied technologies company Artemis Technologies is taking Northern Ireland’s maritime capabilities into an exciting new era as it brings its ‘flying’ electric foiling boats to international markets with £2 million (about $2.5 million) backing from financial services co

about 2 years ago
Yinson Production's FPSO Atlanta during the naming ceremony in Dubai, UAE; Source: Yinson Production
Business & Finance

New addition to Yinson Production’s FPSO fleet named at Dubai Drydocks World – gallery

Yinson Production has held a naming ceremony at Dubai Drydocks World for an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago
SSE Thermal becomes joint owner of Kellas’ blue hydrogen project in Teesside
Business & Finance

SSE Thermal becomes joint owner of Kellas’ blue hydrogen project in Teesside

SSE Thermal, an operator of energy storage assets, has acquired a 50% stake in H2NorthEast, a blue hydrogen project being developed by Aberdeen-based energy infrastructure company Kellas Midstream in Teesside, UK. By acquiring a 50% stake, SSE Thermal has become a joint owner of the project. Through

about 2 years ago
Samskip
Business & Finance

Eurazeo backs Samskip’s hydrogen-powered newbuilds with €22.5 million investment

Dutch logistics company Samskip Group has secured financing for its zero-emission short-sea container vessel through a strategic partnership with Eurazeo and Ness, Risan & Partners (NRP). The €22.5 million funding, part of the Eurazeo Sustainable Maritime Infrastructure (ESMI) fund, marks the fifth

about 2 years ago
Baker Hughes and Chevron enter 20-year framework agreement
Business & Finance

Baker Hughes and Chevron enter 20-year framework agreement

Baker Hughes has entered into a 20-year framework agreement with Chevron Australia for the supply of subsea production systems. Baker Hughes will offer its Aptara subsea production systems for Chevron Australia’s future offshore developments. According to the company, the Aptara suite is an array of

about 2 years ago
Large-scale Dutch CO2 storage project passes to next phase
Business & Finance

Large-scale Dutch CO2 storage project passes to next phase

Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS have progressed their large-scale CO2 storage project offshore the Netherlands to the next phase. L10CCS, to be connected to the Aramis CO2 transport and storage initiative in the Dutch part of the North Sea, has entere

about 2 years ago
Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea’s appraisal well corroborates size of oil & gas discoveries, pushing them closer to development stage

Wintershall Dea has completed the drilling of an appraisal well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago
PSV Skandi Captain; Source: DOF
Business & Finance

DOF downsizes its fleet by selling one of its vessels

DOF Rederi, a fully owned subsidiary of Norway’s vessel owner DOF Group, is in the process of divesting one of its platform supply vessels (PSVs).

about 2 years ago
Transocean Barents sixth-generation semi-submersible drilling rig; Source: Transocean
Business & Finance

After Transocean, Halliburton snaps up multi-million job on giant gas project in Black Sea

OMV Petrom has picked Halliburton Romania, a subsidiary of the U.S.-based Halliburton, has been picked for integrated drilling services.

about 2 years ago
Equinor keeps Reach Subsea busy offshore Brazil
Business & Finance

Equinor keeps Reach Subsea busy offshore Brazil

Norway-headquartered Reach Subsea is set to begin work for Equinor offshore Brazil this month, using the subsea vessel Havila Subsea. Reach Subsea has together with its Brazilian partner OceanPact received a notice of contract award from Equinor for combined light construction, inspection, maintenan

about 2 years ago
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