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Valhall PWP-Fenris; Source: Aker BP
Business & Finance

Aker BP’s multi-billion oil project moves forward with steel cutting for 1,000-ton module

Aker BP is progressing with the development of its recently greenlighted project on the Norwegian Continental Shelf (NCS) with the cutting of the first steel for an approximately 1,000-ton module to be built at Nymo.

about 3 years ago
NSTA awards carbon storage license encompassing 'UK's largest depleted gas field'
Business & Finance

NSTA awards carbon storage license encompassing ‘UK’s largest depleted gas field’

The North Sea Transition Authority (NSTA) has awarded a license for a carbon capture and storage (CCS) project encompassing the “UK’s largest depleted gas field” in its first competitive carbon storage license round. The NSTA has awarded Perenco UK and Carbon Catalyst with a license to progress thei

about 3 years ago
Deepsea Mira (former West Mira) semi-sub rig; Credit: Seadrill
Business & Finance

Two rigs working side by side for TotalEnergies off Namibia

TotalEnergies is going full steam ahead with its multi-well appraisal and exploration drilling programme in Namibia, using two rigs.

about 3 years ago
Wallenius Wilhelmsen
Business & Finance

Wallenius Wilhelmsen pens deal for up to 12 methanol and ammonia-ready newbuilds

Oslo-listed RoRo vessel operator Wallenius Wilhelmsen ASA has signed a letter of intent for delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight car carriers. The four vessels are set for delivery from mid-2026 and onwards by China’s Ji

about 3 years ago
EPS, GCMD
Business & Finance

WATCH: EPS, GCMD and GoodFuels team up on third biofuel supply chain trial

The Global Centre for Maritime Decarbonisation (GCMD) has bunkered the third supply chain of a biofuel blend as part of its pilot to develop a quality, quantity and GHG abatement assurance framework for drop-in green fuels. Partnering with Singapore-based tonnage provider Eastern Pacific Shipping (E

about 3 years ago
FPSO Abo; Source: BW Offshore
Business & Finance

Eni prolongs BW Offshore FPSO’s assignment off Nigeria

Eni has awarded another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.

about 3 years ago
ACE topsides installation; Source: BP
Business & Finance

WATCH: BP’s $6 billion project closer to first oil as topsides sail away and installation works wrap up

BP is closing in on first oil from its Azeri Central East (ACE) project in Azerbaijan by completing the topsides sailaway and installation.

about 3 years ago
Scarabeo 5 semi-submersible drilling rig; Source: Saipem
Business & Finance

Saipem picks Chinese contractor for rig conversion work to bring FPU to life

Saipem has inked a contract with China’s CIMC Raffles for the conversion of a semi-submersible drilling rig into an FPU.

about 3 years ago
Oman LNG strikes 4-year supply deal with Germany’s SEFE
Business & Finance

Oman LNG strikes 4-year supply deal with Germany’s SEFE

Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne

about 3 years ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Semi-sub rig bags another drilling assignment off Canada

Equinor has booked a semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, for a drilling campaign offshore Canada.

about 3 years ago
The WND development is projected to be the second biggest project (production wise) in Egypt after the massive Zohr development; Source: WintershallDea/Credit: BP
Business & Finance

BP hands out multi-million deal for mega gas project in Mediterranean Sea

UK-headquartered energy giant BP has hired a compatriot drilling waste management specialist, TWMA, for its large-scale gas project off Egypt.

about 3 years ago
Fugro delivers milestone subsea inspection in the Middle East
Business & Finance

Fugro delivers first-ever remotely operated subsea inspection in the Middle East

Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in

about 3 years ago
Hysata opens electrolyser manufacturing facility in Port Kembla
Business & Finance

Hysata opens electrolyser manufacturing facility in Port Kembla

Australian electrolyser company Hysata has inaugurated its new 8,000 sqm global headquarters and electrolyser manufacturing facility in Port Kembla, marking a milestone in the company’s journey and paving the way for the commercialization of its high-efficiency electrolyser. The Australian Governmen

about 3 years ago
FSO Safer with Yemen and Ndeavor moored alongside; Courtesy of Boskalis
Business & Finance

With oil disaster averted, world breathes a sigh of relief but more funds needed to wrap things up

The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.

about 3 years ago
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