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AHTS Far Sabre; Source: Solstad Offshore
Business & Finance

Another vessel leaves Solstad’s fleet for new owner

Solstad Offshore has sold an anchor handling tug supply (AHTS) vessel to a buyer, whose identity has not been revealed.

about 3 years ago
Nel nets electrolyser equipment order from HH2E
Business & Finance

Nel nets electrolyser equipment order from HH2E

Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, and German HH2E have signed a contract for 120 MW of alkaline electrolyser equipment, with a value of approximately €34 million. The contract follows a Front End Engineering and Design (FEED) study and a Letter of Intent (LoI) from the two

about 3 years ago
Uranus rig; Source: Trillion Energy
Business & Finance

With ‘abundance of gas pay’ uncovered, two more Black Sea wells coming online in March

Canada’s oil and gas player Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Illustration; Source: Wood Mackenzie
Business & Finance

How is European and U.S. oil majors’ energy transition journey shaping up?

While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.

about 3 years ago
Acteon launches cloud-based platform for subsea assets and data
Business & Finance

Acteon launches cloud-based platform for subsea assets and data

UTEC, a Geo-services brand that is part of Acteon, has launched a cloud-based platform that gives the offshore energy industry a 360° visualization of subsea assets and data. Through iSite Subsea, users can source, view, manage and report on seabed, survey and asset data, as well as interrogate and

about 3 years ago
Wavepiston teams up with French firm to develop wave energy project in Martinique
Business & Finance

Wavepiston teams up with French firm to develop wave energy project in Martinique

Danish wave energy company Wavepiston has signed an agreement with French firm YS Energies Marines Developpement (YS EMD) to develop a wave energy project in Martinique. The two companies have formed a partnership to co-develop the project that aims to provide clean energy for the local communities.

about 3 years ago
New Enagás agreement to boost decarbonisation of Valencia region in Spain
Business & Finance

New Enagás agreement to boost decarbonisation of Valencia region in Spain

Ximo Puig, the President of the Generalitat Valenciana (different self-government institutions under which the Spanish autonomous community of Valencia is politically organised), and Arturo Gonzalo, CEO of Spanish energy company Enagás, have signed a general protocol of action to promote the develop

about 3 years ago
Illustration; Source: Rystad Energy
Business & Finance

Offshore oil & gas set for growth with $214 bln of investments in the pipeline

With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.

about 3 years ago
Indonesia’s PLN seeking partners for large-scale floating solar projects
Business & Finance

Indonesia’s PLN seeking partners for large-scale floating solar projects

PLN Indonesia Power (PLN IP), a unit of Indonesian utility PT PLN (Persero), has opened a call for expression of interest in multiple solar photovoltaic (PV) projects, both floating and land-based, as well as wind farms. The projects are part of the Proyek Hijaunesia 2023 initiative launched in line

about 3 years ago
Coast Guard Air Station New Orleans MH-60 Jayhawk helicopter aircrew flying to a platform approximately 40 miles south of Port Fourchon, Louisiana; Source: U.S. Coast Guard photo by Air Station New Or
Business & Finance

Oil worker medevacked from offshore platform in U.S.

The U.S. Coast Guard (USCG) has performed an emergency evacuation via helicopter of a 37-year-old male worker from an oil platform located approximately 40 miles south of Port Fourchon, Louisiana.

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

Equinor ready to spud Norwegian Sea prospect this month

Equinor has secured a drilling permit from Norway’s authorities for an exploration well in the Norwegian Sea, which will be drilled using one of Odfjell Drilling’s rigs.

about 3 years ago
New US offshore wind survey vessel about to his the water
Business & Finance

New US offshore wind survey vessel about to hit the water

All American Marine (AAM) has delivered a research and hydrographic survey vessel to Geodynamics, an NV5 company, that will service the offshore wind market and carry out other scientific survey missions. The vessel named Shackleford has been specifically customized to serve the offshore wind sector

about 3 years ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

Fresh oil & gas discovery in North Sea brings another Troll tie-back to the table

Equinor has made a new oil and gas discovery near the Fram field in the North Sea off Norway, using an Odfjell Drilling-owned rig. This is Equinor’s eighth discovery in the area since 2019.

about 3 years ago
DSME LNG carrier
Business & Finance

DSME wins $517 mln deal for LNG carrier duo

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a construction order for two LNG carriers. The shipbuilder disclosed on the stock exchange that the company behind the order was a shipowner from Oceania, without revealing the company’s name. The delivery of the two LN

about 3 years ago
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