Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth q
The U.S. ports are expected to build out nearly $50 billion in green infrastructure over the next decade – and hydrogen is set to play a significant role in the industry’s plans, a recent survey from the American Association of Port Authorities (AAPA) shows. The survey covered AAPA’s membership and
Copenhagen Infrastructure Partners (CIP), one of the largest offshore wind developers, has acquired biogas project Envo Biogas in Tønder, Denmark, from Canada-based clean energy producer Anaergia. The plant was sold to CIP’s Advanced Bioenergy Fund I (CI ABF I), which is developing projects that pro
Countries need to move from years to weeks to develop and build their low-carbon energy infrastructure to meet the net-zero challenge.
Norwegian seismic player TGS and oilfield services company SLB have commenced an ultra-long offset ocean-bottom node (OBN) acquisition in Green Canyon, U.S. Gulf of Mexico. Engagement III is said to be the fifth multi-client ultra-long offset OBN acquisition in the Gulf of Mexico and is set to exten
Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
Everfuel, a Danish green hydrogen provider, and Hy24, managing a clean hydrogen infrastructure fund, have partnered up for the creation of a joint venture (JV) to finance the development of electrolyser capacity across the Nordics. The agreement includes plans to invest a total of €200 million in eq
Sparrows Group has appointed a drilling services manager for Europe, as it looks to reinvigorate its North Sea offering with drilling services capabilities.
Eni Angola, a wholly-owned subsidiary of Azule Energy, has awarded Malaysian FPSO operator Yinson with a contract to deliver a floating, production, storage and offloading (FPSO) asset for the Agogo field development located offshore Angola. Under the firm contract, Yinson will provide, operate and
Executives from ‘hard-to-abate’ industries have called for increased financing to support decarbonization efforts.
Austria’s oil and gas company OMV has decided to explore the possibilities of selling its E&P assets in the Asia-Pacific region.
Enauta has completed the preventive maintenance activities for an FPSO, which is carrying out operations on a field offshore Brazil.
Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.
Chinese power cable specialist Orient Cable (NBO) has commenced the construction of its Southern Manufacturing Base in Yangjiang, Guangdong. The facility covers 170,000 mm2 and represents an investment of over €136 million. According to Orient Cable, it has been designed to cater to both the renewab
