The Norwegian Ministry of Petroleum and Energy has rejected the license application for the construction and operation of a 1.4 GW overseas interconnector between Norway and the UK. The ministry reported on 16 March that after an overall assessment, it had come to the conclusion that there is no bas
The Biden-Harris Administration, through the US Department of Energy (DOE), has announced the availability of $750 million for research, development, and demonstration efforts to reduce the cost of clean hydrogen. The funding launches the first tranche of implementation of two provisions of Presiden
UK’s Prax Exploration & Production has reached an agreement with compatriot Hurricane Energy for the acquisition of the North Sea-focused company for approximately £249 million. Hurricane Energy is focused on fractured basement reservoirs offshore West of Shetlands on the UK Continental Shelf and ho
After completing the planned four-yearly topsides maintenance programme for an FPSO operating at a field in the Timor Sea off Australia, Jadestone Energy has found some inconsistencies in standard fittings, thus, the firm is working on fixing these issues.
Danish shipping company TORM has inked a deal to acquire three 2013-built MR eco product tankers, pushing its fleet to 88 vessels. The company said the tankers will be bought for a total cash consideration of $48.5 million and the issuance of 1.42 million shares. As informed, the three vessels are a
Norway’s FPSO operator BW Offshore has completed the sale of a floating, production, storage, and offloading (FPSO) vessel to a buyer, whose name was not revealed.
Wood Mackenzie believes permitting reform could be part of the solution to the strains created by rapid growth in renewables.
Golar LNG, an owner and operator of marine LNG infrastructure, has closed the acquisition of New Fortress Energy’s (NFE) stake in FLNG Hilli – the 2.4 mtpa floating liquefaction facility. On 15 March, Golar confirmed that the agreement to acquire NFE’s interest in FLNG Hilli, effective 1 January 202
Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
Subsea 7 has completed the acquisition of additional shares in Seaway 7, bringing its total ownership of the issued and outstanding share capital in the company to 93.94 per cent. On 14 March, Subsea 7 announced it had completed the acquisition of 187,889,551 shares in Seaway 7, corresponding to 21.
Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed six term-sheet agreements for hydrogen production worth more than RO 20 billion (around $51 billion) over the next seven years. The agreements were signed with developers from Belgium, the Netherlands, the Unite
Oil Spill Response Limited (OSRL) has welcomed a new CEO, who previously worked in various executive positions at BP.
UK-headquartered and AIM-listed oil and gas player Europa Oil & Gas picked a new Chief Executive Officer (CEO), after its current one decided to resign.
Norwegian oilfield services provider Aker Solutions has selected Spain-headquartered Tubacex as the delivery partner for umbilical tubes for projects on the Norwegian Continental Shelf (NCS). Under the agreement, Tubacex will deliver a total of 1,000 kilometers of umbilical offshore tubes to Aker So
