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FPSO Haewene Brim; Source: Bluewater
Business & Finance

Shell brings North Sea field back online, as FPSO revamp enables gas production alongside oil

Shell has completed the restart of operations at a field in the UK North Sea, after ensuring gas will be produced along with oil.

about 3 years ago
Inna Braverman, Eco Wave Power’s founder and CEO (Courtesy of Eco Wave Power)
Business & Finance

Eco Wave Power to set up US subsidiary as it targets local wave energy potential

Swedish-Israeli wave energy company Eco Wave Power has set out plans to open a subsidiary in the United States, under the name Eco Wave Power US.

about 3 years ago
Oil & gas work 'key revenue driver' for DeepOcean, with offshore wind outlook positive
Business & Finance

Oil & gas work ‘key revenue driver’ for DeepOcean, with offshore wind outlook positive

Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 mill

about 3 years ago
Valaris DS-4 drillship; Source: Valaris
Business & Finance

Valaris embarks on emission reduction quest with new 2030 target

Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030.

about 3 years ago
Critical minerals company to offtake electricity from Australia-Asia power link
Business & Finance

Critical minerals company to buy renewable energy from Australia-Asia link

Renewable energy company Sun Cable has signed a Letter of Intent (LoI) with an Australian critical minerals company for the potential offtake of renewable electricity from the planned Australia-Asia PowerLink (AAPowerLink) project. Under the one-year non-binding LoI, Sun Cable will progress commerci

about 3 years ago
FPSO Petrojarl I; Source: Altera Infrastructure
Business & Finance

Brazilian well goes back on stream

Brazilian oil and gas player Enauta has restarted production from a well located on a field offshore Brazil.

about 3 years ago
Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea gets nod to spin the drill bit in Norwegian Sea

Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
Australia gets its 'largest' subsea robotics center
Business & Finance

Australia gets its ‘largest’ subsea robotics center

Advanced Navigation has launched what is said to be the largest subsea robotics center in Australia, set to accelerate the production of the company’s underwater technologies. The high-tech manufacturing and R&D center is located on a 5.5-acre site in Balcatta, Western Australia, and includes full t

about 3 years ago
FortisBC to expand its Tilbury LNG storage
Business & Finance

FortisBC to invest over $155 million in energy efficiency programmes in 2023

North American FortisBC Energy and FortisBC have received approval from the British Columbia Utilities Commission to invest more than $155 million into conservation and energy efficiency programmes in 2023. According to FortisBC, the majority of the funds, $141 million, are earmarked to support gas

about 3 years ago
Shelf Drilling’s Shelf Perseverance jack-up rig; Source: IOG
Business & Finance

Potential delay on the cards for completion of drilling ops at UK North Sea well

IOG plc has encountered a challenge that could extend its previous drilling duration timeline for the second Blythe production well.

about 3 years ago
North Sea Transition Authority (NSTA)
Business & Finance

UK awards storage licence for depleted gas field in East Irish Sea

dCarbonX has been awarded a gas storage licence in the East Irish Sea by the UK’s regulator, North Sea Transition Authority (NSTA).

about 3 years ago
Following new COO, US oil and gas firm names CFO and Sr. Vice President
Business & Finance

Following new COO, US oil and gas firm names CFO

Following the recent appointment of a new Chief Operating Officer (COO), U.S. oil and gas company Amplify Energy Corp. has named a new Chief Financial Officer (CFO) and Senior Vice President. Amplify Energy announced on 17 April that James (Jim) Frew has joined the company as Senior Vice President a

about 3 years ago
FPSO Voyageur Spirit; Source: KPL
Business & Finance

FPSO leaves UK port after nearly three years – gallery

After being warm stacked for close to three years, a cylindrical FPSO has sailed away from the UK’s Kishorn port (KPL).

about 3 years ago
West Eclipse (for illustration purposes); Source: Seadrill
Business & Finance

U.S. picks up the pace to boost offshore rig count

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States upped the ante last week.

about 3 years ago
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