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WATCH: New documentary shines a light on workers behind UK’s changing offshore energy industry
Business & Finance

WATCH: New documentary shines a light on workers behind winds of change in UK’s offshore energy industry

OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.

about 3 years ago
Project Air receives €97 million grant from EU Innovation Fund
Business & Finance

Project Air receives €97 million grant from EU Innovation Fund

Perstorp, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), Uniper, a Germany-based energy company, and the European Climate, Infrastructure, and Environment Executive Agency (CINEA) have signed an agreement granting €97 million in funds to Project Air from the Innovation Fund. The

about 3 years ago
Illustration/One of the earlier model of TidalKite device (Courtesy of SeaQurrent)
Business & Finance

TidalKite breezes through preliminary trials ahead of deployment offshore Netherlands

Dutch company SeaQurrent has conducted first tests on its TidalKite tidal energy device as it prepares for upcoming deployment offshore the Netherlands.

about 3 years ago
Germany joins France, Portugal and Spain on H2Med project
Business & Finance

Germany joins France, Portugal and Spain on H2Med project

Germany will join the H2Med, a subsea hydrogen pipeline project being jointly developed by France, Spain and Portugal. The extension of the H2Med pipeline to Germany was revealed in the Franco-German declaration on the occasion of marking the 60th anniversary of the Elysee Treaty on 22 January. Fran

about 3 years ago
European energy woes spur ‘all-time high’ demand for Norwegian gas
Business & Finance

European energy woes spur ‘all-time high’ demand for Norwegian gas

Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”

about 3 years ago
Equinor and PGS extend cooperation for another two years
Business & Finance

Equinor and PGS extend cooperation for another two years

Norwegian state-owned energy giant Equinor has exercised an option to extend the multi-year 4D framework agreement with PGS, established in March 2021, by two additional years. The framework agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As a part of the agreem

about 3 years ago
Norway to expand licensing round for oil & gas exploration in predefined areas
Business & Finance

Norway’s licensing round for oil & gas exploration in predefined areas to offer more offshore acreage

Norway’s Ministry of Petroleum and Energy has sent a proposal for the announcement of the APA 2023 round, which includes additional blocks.

about 3 years ago
How Noble rigs fare and what are they up to?
Business & Finance

How Noble rigs fare and what are they up to?

Read about Noble Corporation’s financial update and new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico and Nigeria.

about 3 years ago
New vessel joins Türkiye’s fleet as Black Sea project nears first gas
Business & Finance

New vessel joins Türkiye’s fleet as Black Sea project nears first gas

Türkiye’s new vessel will soon be going on its first mission in the Black Sea, working on giant project in preparation for the first gas.

about 3 years ago
Eni and Sonatrach join forces to curb emissions and bolster energy security
Business & Finance

Eni and Sonatrach join forces to curb emissions and bolster energy security

Eni and Algeria’s Sonatrach have inked strategic agreements to accelerate the reduction of emissions and strengthen energy security.

about 3 years ago
Minesto’s Dragon 4 tidal energy kite (Courtesy of Minesto)
Business & Finance

Minesto strengthens tidal energy buildout plans for Faroe Islands

Swedish marine energy company Minesto and Faroese utility company SEV have renewed and expanded the collaboration agreement related to tidal energy buildout in the Faroe Islands.

about 3 years ago
PGS scores new seismic acquisition deal in Mediterranean
Business & Finance

PGS scores new seismic acquisition deal in Mediterranean

Petroleum Geo-Services (PGS) has secured a contract with an undisclosed international energy company to carry out a 3D exploration acquisition contract in the Mediterranean.

about 3 years ago
Noble rig spuds prospect offshore Guyana
Business & Finance

Noble rig spuds exploration well offshore Guyana

CGX Energy and Frontera Energy have started drilling an exploration well offshore Guyana with one of the Noble Corporation-owned rigs.

about 3 years ago
Hoglund
Business & Finance

Eitzen takes majority stake in Høglund Marine Solutions

Oslo-based Eitzen Group has become a majority shareholder in Høglund Marine Solutions, a compatriot provider of sustainable automation and energy solutions for the maritime industry. Høglund designs and develops smart automation, energy, and digital solutions targeting the optimization of vessels’ o

about 3 years ago
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