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Illustration/Marmok-A5 wave energy device deployed off Basque Country (Courtesy of Ente Vasco de la Energia)
Business & Finance

Spain launches €240 million call for marine renewable energy pilots and infrastructure development

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has opened a €240 million call for the development of marine renewable energy pilot projects, test platforms and associated infrastructure.

about 3 years ago
While ExxonMobil takes legal action, European Commission claims oil & gas windfall tax ‘fully compliant with EU law’
Business & Finance

While ExxonMobil takes legal action, European Commission claims oil & gas windfall tax ‘fully compliant with EU law’

ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.

about 3 years ago
Reevaluation and new discovery push Türkiye’s Black Sea natural gas reserves up
Business & Finance

Re-evaluation and new discovery push Türkiye’s Black Sea natural gas reserves up

Türkiye’s natural gas reserves in the Black Sea have been increased, following a new gas discovery and an upward revision of a previous one.

about 3 years ago
Following upgrades, two jack-up rigs kick off their new drilling gigs
Business & Finance

Following upgrades, two jack-up rigs kick off their new drilling gigs

Arabian Drilling has completed the upgrades on its new offshore rigs, which have now embarked on their new drilling assignments.

about 3 years ago
Two jack-up rigs win long-term deals
Business & Finance

Two jack-up rigs win long-term drilling assignments

Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.

about 3 years ago
Safe Notos; Source: Prosafe
Business & Finance

Prosafe taking part in four tenders to win more work for its vessels

Offshore accommodation provider Prosafe is partaking in four ongoing tenders to secure more assignments for its fleet of vessels.

about 3 years ago
November brings lower oil & gas output for Norway
Business & Finance

November brings lower oil & gas output for Norway

Norway’s oil and gas production fell behind the Norwegian Petroleum Directorate’s predictions in November 2022.

about 3 years ago
Ofgem OKs transmission investments needed for UK's 50GW by 2030 offshore wind target
Business & Finance

Ofgem OKs transmission investments needed for UK’s 2030 offshore wind target

Ofgem has approved the strategic electricity transmission reinforcements required to deliver the UK Government’s 50 GW offshore wind by 2030 target, set out as part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework. The decision confirms that all SSEN Transmission pro

about 3 years ago
Seapeak concludes Evergas acquisition
Business & Finance

Seapeak concludes Evergas acquisition

Bermuda-based owner and operator of liquefied gas carriers Seapeak has completed the acquisition of Danish shipping company Evergas. On 29 December, Seapeak, formerly known as Teekay LNG Partners, said it had completed the previously announced acquisition of Greenship Gas Trust and Greenship Gas Man

about 3 years ago
Okeanskiy
Business & Finance

Russia’s Sovcomflot takes delivery of LNG-fuelled Aframax tanker

Russia’s state-owned shipping company Sovcomflot (SCF Group) has welcomed into the fleet a new generation LNG-fuelled Aframax oil tanker Okeanskiy Prospekt. The 112,650 dwt ship was built at the Zvezda SSC in Primorsky Territory, and its construction was financed by the Russian state development cor

about 3 years ago
Search suspended for four missing in chopper incident in Gulf of Mexico
Business & Finance

Update: Search suspended for four missing in chopper incident in Gulf of Mexico

The search for four people aboard a downed helicopter, which went down in the U.S. Gulf of Mexico, has been suspended.

about 3 years ago
Four missing after chopper goes down in Gulf of Mexico while departing from oil rig
Business & Finance

Four missing after chopper goes down in Gulf of Mexico while departing from oil rig

The U.S. Coast Guard (USCG) has launched a search and rescue (SAR) mission for four people aboard a downed helicopter in the Gulf of Mexico.

about 3 years ago
Sembcorp Marine delivers second 8th generation drillship to Transocean
Business & Finance

Sembcorp Marine delivers second 8th generation drillship to Transocean

Sembcorp Marine has completed the delivery of the Deepwater Titan drillship, the world’s second 8th-generation drillship, to Transocean’s subsidiary Triton Titan. Following the delivery, Deepwater Titan is scheduled for deployment on a five-year contract in the U.S. Gulf of Mexico. According to Semb

about 3 years ago
Argeo secures €1.9M loan, sees 'increasing amount of contract opportunities'
Business & Finance

Argeo secures €1.9M loan, sees ‘increasing amount of contract opportunities’

Norwegian marine survey contractor Argeo has secured a loan of NOK 20 million (approximately €1.9 million) from Innovation Norway. According to Argeo, the yield is 6,2 per cent, the duration is six years and the loan is on certain conditions. The company has not disclosed any other details. “We are

about 3 years ago
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