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Ocean GreatWhite rig; Source: Diamond Offshore
Business & Finance

Diamond Offshore positioned to be ‘key beneficiary’ in deepwater offshore drilling upcycle

Diamond Offshore has recorded strong operational performance during the fourth quarter of 2022 and earned a sixth performance bonus in Senegal.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies

The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.

about 3 years ago
Copenhagen Infrastructure Partners details involvement in European interconnector projects
Business & Finance

Copenhagen Infrastructure Partners details involvement in European interconnector projects

After having been declared eligible for Ofgem’s third cap and floor window, Copenhagen Infrastructure Partners (CIP) revealed more information about its involvement in three interconnector projects in the North Sea. CIP announced on 28 February that it had acquired close to full ownership in a 4.2 G

about 3 years ago
Illustration; Source: DNV
Business & Finance

Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV

DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.

about 3 years ago
HUI and RML eye waste plastic to hydrogen plant development opportunities
Business & Finance

HUI and RML eye waste plastic to hydrogen plant development opportunities

Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat, has entered into an agreement with Rocquaine Management Limited (RML) to explore opportunities for the de

about 3 years ago
Inspirer rig; Source: Repsol Norge
Business & Finance

Repsol tasked with addressing nonconformities on jack-up rig

Norwegian regulator is awaiting a response from Repsol regarding the way the identified nonconformities on a jack-up rig will be handled.

about 3 years ago
West Linus rig; Source: Seadrill
Business & Finance

After worker suffers ‘crushing injuries’ during work on jack-up rig, probe reveals nonconformities

Norwegian offshore safety regulator has completed an investigation into an incident involving a personal injury during work on a drag chain on a jack-up rig.

about 3 years ago
Lir NOTF facility (Courtesy of ProtoAtlantic project)
Business & Finance

ProtoAtlantic picks three offshore renewable energy startups for test support

The ProtoAtlantic project has selected three companies to test their technologies at Lir-National Ocean Test Facility (Lir NOTF) as part of the program designed to support offshore renewable energy startups across the Atlantic Area.

about 3 years ago
PXGEO's new CEO coming from Schlumberger
Business & Finance

PXGEO’s new CEO coming from Schlumberger

Following the resignation of Duncan Eley, marine geophysical service provider PXGEO has appointed Tony Bowman from Schlumberger as its new CEO. Bowman comes from Schlumberger where he held a number of senior roles across multiple geographical locations, including President of WesternGeco, which oper

about 3 years ago
U.S. Bureau of Safety and Environmental Enforcement (BSEE)
Business & Finance

After incidents, U.S. regulator advises extreme caution during swing rope transfers

Following reviews of injuries sustained during swing rope transfers at offshore installations on the Outer Continental Shelf (OCS), the U.S. Bureau of Safety and Environmental Enforcement (BSEE) has made several recommendations for oil and gas operators and contractors, in a bid to avoid such incide

about 3 years ago
Excelerate Energy to purchase LNG from Venture Global’s Plaquemines project
Business & Finance

Excelerate Energy to purchase LNG from Venture Global’s Plaquemines project

US-based companies Excelerate Energy and Venture Global LNG have formed a new strategic partnership by executing a 20-year LNG sale and purchase agreement (SPA). The deal will see Excelerate purchase 0.7 million tonnes per annum (mtpa) of LNG on a free-on-board (FOB) basis from Venture Global’s Plaq

about 3 years ago
CRP Subsea scores contract for deepwater gas field in China
Business & Finance

CRP Subsea scores contract for deepwater gas field in China

CRP Subsea has secured contracts from an undisclosed oil and gas original equipment manufacturer (OEM) to supply two solutions for a deepwater gas field in the South China Sea, offshore China.

about 3 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling anticipates further contract awards in niche moored semi-sub market

Dolphin Drilling has revealed its expectations of reaping the benefits in the future, thanks to improvements in the offshore drilling market.

about 3 years ago
Another three firms secure work for Angolan oilfield project
Business & Finance

Another three firms secure work for Angolan oilfield project

Following the award of three contracts for the project announced earlier today, Azule Energy, a joint venture between BP and Eni, has selected another three companies for work at the Agogo field development project offshore Angola. Azule Energy contracted Baker Hughes to deliver subsea equipment and

about 3 years ago
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