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Norway’s oil & gas output to shrink as offshore workers scale up strike action
Business & Finance

Norway’s oil & gas output to shrink as offshore workers scale up strike action

Dispute over wage demands threatens to reduce oil and gas production in Norway, as offshore workers are likely to down their tools this week.

about 4 years ago
Fugro picks team for next-gen uncrewed surface vessel
Business & Finance

Fugro picks team for next-gen uncrewed surface vessel

Fugro is developing its next generation of uncrewed surface vessels (USVs) called Blue Prism, which will deliver autonomous geophysical surveys. Fugro signed a contract with Kooiman Engineering and Van Oossanen Naval Architects for the naval design of this next generation of USVs. Engineered for ope

about 4 years ago
U.S. Gulf Coast oil exports to hit all-time high levels this quarter, Rystad says
Business & Finance

U.S. Gulf Coast oil exports to hit all-time high levels this quarter, Rystad says

Despite the domestic supply shortage, oil exports from the U.S. Gulf Coast are positioned to reach the highest level in Q2 of 2022.

about 4 years ago
Nexans named preferred bidder for EuroAsia Interconnector
Business & Finance

Nexans named preferred bidder for EuroAsia Interconnector

Nexans Norway has been selected as the preferred bidder for the engineering, procurement, construction and installation (EPCI) contract of the HVDC cable systems for first stage of the EuroAsia Interconnector. Nexans will be in charge of the EPCI of two HVDC cable systems, Pole 1 and Pole 2, for the

about 4 years ago
U.S. govt asks public to weigh in on proposed offshore oil & gas leasing plan
Business & Finance

U.S. govt asks public to weigh in on proposed offshore oil & gas leasing plan

The Department of the Interior is seeking public input on the Biden administration’s new, five-year offshore oil and gas leasing program.

about 4 years ago
Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Business & Finance

Orbital Marine secures €9.2M tidal energy funding

Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.

about 4 years ago
Electromagnetic Geoservices to work for oil company in the Caribbean
Business & Finance

Electromagnetic Geoservices to work for oil company in the Caribbean

Norwegian Electromagnetic Geoservices (EMGS) has secured a contract with an “international oil company” to deliver a survey in the Caribbean. Under the contract, EMGS is in charge of delivering a Controlled Source Electromagnetic (CSEM) survey for the undisclosed client. The company plans the survey

about 4 years ago
As merger with Lundin goes into effect, Aker BP unveils plans to spend more than $15 billion on projects
Business & Finance

As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects

The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.

about 4 years ago
With acquisition of two wells out of the way, Longboat expects first of these to be spud this month
Business & Finance

With stakes in two more wells secured, Longboat expects first to be spud this month

After completing the farm-in agreement with OMV, Longboat Energy anticipates the drilling of the first of two wells to be done this month.

about 4 years ago
Zero Carbon Center gets funding for 1st Book & Claim System
Business & Finance

Zero Carbon Center gets funding for 1st Book & Claim System

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has secured funding to initiate first of its kind Book & Claim System for shipping.

about 4 years ago
Italian drilling contractor to bring Nabors’ suite of tech options to European and African energy firms
Business & Finance

Italian contractor to bring Nabors’ suite of tech options to Europe and Africa

Hydro Drilling will deploy Nabors’ technologies and services in Europe and Africa to improve hydrocarbon production and curb emissions.

about 4 years ago
Geophysical survey starting at 200-turbine array offshore Ireland
Business & Finance

Geophysical survey starting at 200-turbine array offshore Ireland

Irish marine and aerial survey company Ondine is set to begin a geophysical survey at the Lir Offshore Array located off the east coast of Ireland today, 1 July. Ondine will be completing the survey works from 1 July to 15 August, subject to weather conditions, on a 24-hour basis, seven days a week.

about 4 years ago
Transocean rig gets the go-ahead for ops at Equinor’s North Sea field
Business & Finance

Transocean rig gets the go-ahead for ops at Equinor’s North Sea field

Equinor has received consent from Norway’s regulator to use a Transocean-owned rig for well intervention on a field located in the North Sea.

about 4 years ago
Borr needs more time to put in place financing solution
Business & Finance

Borr needs more time to put in place financing solution

Borr Drilling is still engaged in talks with creditors to find a financing solution to extend its 2023 debt maturities and refinance.

about 4 years ago
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