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Photo (c) Friends of the Earth Europe Philip Reynaers
Business & Finance

Environmental groups starting legal action to end support for 30 EU-backed gas projects

Four environmental groups are starting legal action to end support for 30 EU-backed gas projects with a total cost of about €13 billion.

about 4 years ago
Judy - Harbour Energy
Business & Finance

Harbour Energy seeks permit to develop North Sea field as subsea tie-back

Harbour Energy has filed its environmental statement with the UK authorities for the development of a field located in the North Sea.

about 4 years ago
Matrix to deliver riser buoyancy system for newbuild Asian deepwater floating rig project
Business & Finance

Matrix to deliver riser buoyancy system for newbuild Asian deepwater floating rig

Matrix Composites & Engineering has secured a purchase order from Himile Mechanical Manufacturing for the supply of a deepwater drilling riser buoyancy system. Under the A$14 million (around $10 million) contract, Matrix will develop riser buoyancy modules and a riser protection system to support a

about 4 years ago
Transocean Spitsbergen
Business & Finance

Transocean semi-sub to drill at least nine more wells in Norway

Transocean has secured a contract extension in Norway with the firm part of the backlog worth about $181 million.

about 4 years ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Business & Finance

Carnegie delivers ‘step change improvements’ in cost and performance of CETO wave tech

Carnegie Clean Energy has achieved its internal commercial target of reducing CETO wave energy technology’s cost of energy to a level that puts it on the established industry trajectory and reduces timeframe to reach commercialization.

about 4 years ago
U.S. goverment to fund $8 billion program to develop clean hydrogen hubs
Business & Finance

U.S. goverment to fund $8 billion program to develop clean hydrogen hubs

The U.S. Department of Energy (DOE) will fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs (H2Hubs) across America.

about 4 years ago
Asian shipbuilder unveils brand-new fast crew boat with array of additional trimmings
Business & Finance

Asian shipbuilder unveils new fast crew boat design with array of additional features

Strategic Marine has revealed its new 38m offshore fast crew boat (FCB) design with 40 knots plus service speed.

about 4 years ago
Transocean rig to drill North Sea prospect for ConocoPhillips
Business & Finance

Transocean rig to drill North Sea prospect for ConocoPhillips

ConocoPhillips has been granted consent for exploration drilling in the North Sea off Norway by the country’s petroleum safety regulator.

about 4 years ago
Dril-Quip-maps-out-decarbonization-plan
Business & Finance

Dril-Quip maps out decarbonization plan

U.S. manufacturer of drilling and production equipment Dril-Quip has set its decarbonization targets, aiming to reduce its combined Scope 1 and Scope 2 emissions by more than 50% by 2030. Dril-Quip’s decarbonization actions include switching to renewable electricity at certain manufacturing sites, r

about 4 years ago
Polish giant all set to spin the drill bit at Norwegian Sea prospect
Business & Finance

Polish firm nearly set to spin the drill bit in Norwegian Sea

PGNiG has been granted consent for exploration drilling in the Norwegian Sea by Norway’s offshore petroleum safety regulator.

about 4 years ago
Castoro 10 - Saipem
Business & Finance

Saipem vessel coming to work on ‘one of the largest energy projects ever in Turkey’

Saipem and its pipelay vessel are preparing to begin working for Turkish oil and gas company TPAO on the giant gas development in the Black Sea.

about 4 years ago
Floatel Victory
Business & Finance

Floatel wins extension in Brazil, assigns unit for Gulf of Mexico job

Floatel has secured a contract extension with Equinor for a unit operating off Brazil, which will later move to the Gulf of Mexico to work for Chevron.

about 4 years ago
DeepOcean almost doubles revenue following diversification moves
Business & Finance

DeepOcean sees major revenue jump following diversification moves

DeepOcean has reported a revenue of $499.4 million for 2021, an increase of 42% from the $352.5 million in 2020, said to be driven by structural changes that the company undertook to strengthen and drive its diversification strategy. DeepOcean secured an order intake of $542 million in 2021 and had

about 4 years ago
Energean Power FPSO
Business & Finance

As Energean FPSO reaches Israel, Lebanon warns against any activity in disputed waters

Following the crossing of the Suez Canal last Friday, the Energean Power FPSO has arrived on location in Israel and hook-up and commissioning operations will begin immediately.

about 4 years ago
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