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Havila Borg; Source: Havila
Business & Finance

Havila bags long-term extension deals for two PSVs

Norwegian offshore vessel operator Havila Shipping has secured contract extensions for two of its platform supply vessels (PSVs).

about 3 years ago
Norwegian fishing vessel hired for survey services
Business & Finance

Norwegian fishing vessel hired for survey services

Norway’s Ross Offshore has entered into an agreement with compatriot Teige Gruppen for the charter of the fishing vessel Sunny Lady for survey services. The agreement will initially consist of a charter for this summer where the vessel will be used to carry out several work assignments for Ross Offs

about 3 years ago
CoolCo finalizes regulatory review process for NYSE listing
Business & Finance

CoolCo finalizes regulatory review process for NYSE listing

Bermuda-based Cool Company (CoolCo), an owner, operator and manager of LNG carriers, has concluded the regulatory review process for listing its shares on the New York Stock Exchange (NYSE). On 14 February, CoolCo announced it had filed a registration statement with the U.S. Securities and Exchange

about 3 years ago
North Abu Qir PIII (NAQ PIII) platform; Source: Energean
Business & Finance

First gas flows from project off Egypt

Energean has achieved the first gas from a well located offshore Egypt while the remaining wells are expected to come online later this year.

about 3 years ago
Illustration; Source: Navingo/Adnan Duraković Shell
Business & Finance

Shell holds stakes in offshore wind companies in Japan and the Philippines

Shell has been doing business in the offshore wind market for a while now, with a portfolio of projects in different stages in Europe, the Americas, and South Korea. The latter is not the only country in the Asia Pacific region where Shell is eyeing to build wind farms at sea, however, as the oil an

about 3 years ago
VARD receives cable-layer order from Denmark
Business & Finance

VARD receives cable-layer order from Denmark

VARD has secured a contract with Denmark’s NCT Offshore for the design and construction of a cable laying vessel (CLV) of VARD 9 01 design. The vessel is designed by Vard Design in Ålesund, Norway, the hull will be built at Vard Tulcea in Romania, while the final outfitting, commissioning and delive

about 3 years ago
OCI partners up with Linde for its blue ammonia facility in US Gulf Coast
Business & Finance

OCI partners up with Linde for its blue ammonia facility in US Gulf Coast

OCI, a global producer and distributor of hydrogen-based products, and Linde, a global industrial gases and engineering company, have signed a long-term agreement under which Linde will supply clean hydrogen and nitrogen to OCI’s new blue ammonia facility under development in Beaumont, Texas, US. OC

about 3 years ago
Team for Spain-France electricity interconnector starts taking shape
Business & Finance

Team for Spain-France electricity interconnector starts taking shape

Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the French counterpart RTE, has awarded the engineering, procurement and construction (EPC) contracts for an electricity interconnection project that will link the two countries. The Biscay Gulf project

about 3 years ago
PSV Viking Queen; Source: Eidesvik Offshore
Business & Finance

Wintershall Dea hires another Eidesvik PSV

Eidesvik Offshore has been awarded a contract for another of its PSVs by Wintershall Dea for operations offshore Norway.

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

BW Offshore sells FPSO while pursuing redeployment opportunities

Norway’s FPSO operator BW Offshore has decided to sell one of its FPSOs, which it recently marked as a redeployment candidate.

about 3 years ago
Results 'above all expectations' as Prysmian reports best year ever
Business & Finance

Results ‘above all expectations’ as Prysmian reports best year ever

Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, w

about 3 years ago
Armada; Source: Shell
Business & Finance

Shell cleared for removal and disposal ops at North Sea field

Shell has received consent from Norway’s regulator for removal and disposal operations, as part of decom activities on a North Sea field.

about 3 years ago
FPSO Guanabara working on the Mero field off Brazil; Source: MODEC
Business & Finance

Shell and Petrobras forge stronger ties seeking new exploration and decarbonisation opportunities

Shell and Petrobras have joined forces to embark on a quest to unlock new upstream and energy transition opportunities.

about 3 years ago
Cygnus field in the UK North Sea (for illustration purposes); Source: Neptune Energy
Business & Finance

Pushing for cleaner oil & gas production pays off, as UK North Sea flaring gets halved

UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.

about 3 years ago
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