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Blackford Dolphin rig; Source: Dolphin Drilling (video)
Business & Finance

WATCH: Semi-submersible rig sets off to Nigeria to embark on its drilling assignment

One of Dolphin Drilling’s semi-submersible rigs is now on its way to Nigeria, where it will start its new drilling campaign in March 2023.

about 3 years ago
Dorado FPSO; Source: Santos
Business & Finance

Key regulatory approval in place for Dorado oil project development and sanctioning

Santos has received acceptance from the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) of the Offshore Project Proposal (OPP) relating to its operated Dorado oil project offshore Australia.

about 3 years ago
Illustration (Courtesy of Flex Marine Power)
Business & Finance

Scottish company secures over €1M to advance tidal energy turbine

Scottish company Flex Marine Power has been awarded significant funding from the UK government’s Energy Entrepreneurs Fund (EEF) to further develop and demonstrate its low-cost tidal energy turbine.

about 3 years ago
Equinor awards EPCI Hammerfest LNG contract to Aibel
Business & Finance

Equinor awards EPCI Hammerfest LNG contract to Aibel

Norway’s energy company Equinor has granted compatriot energy services company Aibel an engineering, procurement, construction, and installation (EPCI) contract for Hammerfest LNG modifications in connection with the Snøhvit Future project. The contract, awarded on behalf of the Snøhvit partnership,

about 3 years ago
Greenpeace activists end 13-day occupation of Shell's oil platform (Gallery)
Business & Finance

Greenpeace activists end 13-day occupation of Shell’s oil platform (Gallery)

Greenpeace activists have disembarked Shell’s oil platform at the port of Haugesund in Norway after 13 days of occupation and a journey of almost 4,000 kilometers from the Canary Islands, with no arrests having taken place. Four activists boarded the floating production storage and offloading (FPSO

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

Jack-up rig goes back to previous Black Sea well, as earthquakes delay delivery of tools

Trillion Energy has moved back to the previous well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
FPSO Atlanta; Source: Yinson (video)
Business & Finance

How far has the upgrade work for Enauta’s Brazil-bound FPSO come?

Yinson has shared an update on the developments regarding the conversion and upgrade of an FPSO, which will operate for Enauta off Brazil.

about 3 years ago
Nakilat sees highest profit since inception
Business & Finance

Nakilat sees highest profit since inception

Qatar Gas Transport Company (Nakilat) and its subsidiaries have achieved a consolidated net profit of QAR 1,44 billion ($395.3 million) in the fiscal year 2022, a significant increase of 6.3%, as compared to QAR 1,35 billion ($372 million) in 2021. It also achieved revenues of QAR 4,4 billion ($1.20

about 3 years ago
With sevenfold increase in backlog, Reach Subsea sees another 'record' year
Business & Finance

With sevenfold increase in backlog, Reach Subsea sees another ‘record’ year

Norway-headquartered Reach Subsea has achieved “record” high revenue and operating profit for the full year and fourth quarter of 2022, with its order backlog seven times higher than in the year earlier. For the full year of 2022, revenue grew to NOK 1,163 million (around €107.3 million) whereas EBI

about 3 years ago
FPSO Energean Power; Source: Energean
Business & Finance

With first ever lifting of crude out of the way, Israel joins oil exporters club

Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.

about 3 years ago
COSCO Shipping
Business & Finance

China Electric Ship Innovation Alliance formed

China’s shipping heavyweights COSCO Shipping Corporation Limited and COSCO Shipping Development have spearheaded the establishment of the China Electric Ship Innovation Alliance. The founding members represent over 80 companies from various industries including electric-powered propulsion, vessel de

about 3 years ago
Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Valaris semi-sub rig kicks off its gig with Eni

Offshore drilling contractor Valaris has revealed that one of its semi-submersible rigs embarked on a drilling assignment with Italy’s Eni offshore Mexico.

about 3 years ago
NAPA, Class NK cii study
Business & Finance

Study: Voyage optimization can cut emissions by 7.3 pct

Voyage optimization can reduce emissions by 7.3% and extend CII compliance by up to three years, according to the findings of a study conducted by maritime software and data analysis expert NAPA and classification society ClassNK with Marubeni Corporation. The joint research was carried out using NA

about 3 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Business & Finance

Thumbs-up for Equinor to spud North Sea wildcat

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
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