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Valaris
Business & Finance

Three new executives added to Valaris leadership

Offshore drilling contractor Valaris has appointed three new members of the executive management committee.

about 4 years ago
New deal for 19 platforms increases UK inspection specialist’s North Sea workload twofold
Business & Finance

New deal doubles UK inspection specialist’s North Sea workload

Inspection Verification Bureau (IVB) has secured a verification deal with Wintershall Noordzee, doubling its work in the Southern North Sea.

about 4 years ago
Rishi Sunak in UK Parliament - windfall tax
Business & Finance

UK imposes windfall tax on oil & gas producers

UK will introduce a windfall tax on oil and gas operators as the government is working to alleviate the cost-of-living crisis in the country.

about 4 years ago
Subsea 7 wins major EPCI contract with Petrobras
Business & Finance

Subsea 7 wins major EPCI contract with Petrobras

Subsea 7 has won a “major” engineering, procurement, fabrication, installation and pre-commissioning (EPCI) contract by Petrobras for the development of the Búzios 8 field in Brazil. The contract scope includes engineering, procurement, fabrication, installation and pre-commissioning of approximatel

about 4 years ago
Safety regulator launches probe into gas leak incident on Equinor’s North Sea platform
Business & Finance

Safety regulator launches probe into gas leak on North Sea platform

Norwegian safety regulator has opened an investigation into a gas leak incident on one of Equinor’s platforms in the North Sea off Norway.

about 4 years ago
Sumitomo firms up cable order for first Middle East subsea transmission system
Business & Finance

Sumitomo firms up cable order for first Middle East subsea transmission system

Sumitomo Electric Industries has concluded the contract with Samsung C&T Corporation for the delivery of high-voltage direct current (HVDC) submarine cables for the first subsea HVDC network in the Middle East. The contract follows the limited notice to proceed (LNTP) for the project in the United A

about 4 years ago
US DOE sets aside $5 million for small-scale desalination and water-reuse tech
Business & Finance

US DOE welcoming proposals for $5 million water desalination program

The U.S. Department of Energy (DOE), in partnership with the National Alliance for Water Innovation (NAWI), has launched a $5 million solicitation for small-scale desalination and water-reuse technologies.

about 4 years ago
Equinor
Business & Finance

Norway’s Equinor closes Russian chapter following handover to Rosneft

Equinor has checked all the required items on the list to exit its joint ventures in Russia as a result of the country’s attack on Ukraine.

about 4 years ago
Geophysical survey about to kick off at Moray West offshore wind project
Business & Finance

Geophysical survey about to begin at Moray West offshore wind project

Titan Surveys’ Titan Discovery is set to soon kick off nearshore geophysical site investigations at the Moray West offshore wind project in Scotland. The survey will be carried out along the project’s export cable corridor at the site located on the Smith Bank in the Outer Moray Firth, off the Caith

about 4 years ago
Ørsted's Borkum Riffgrund 2 offshore wind farm in Germany
Business & Finance

Germany pondering ‘negative bidding’ in offshore wind, WindEurope warns about consequences

Germany is looking to introduce the so-called “negative bidding” for some of its new offshore wind auctions, according to WindEurope, which warned about the effects this approach could have on consumers and the supply chain. Inspired by Denmark, whose Thor offshore wind auction used negative bidding

about 4 years ago
Energy transition ramp-up did not derail oil & gas exploration in 2021, Westwood says
Business & Finance

Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says

Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.

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

Orbital Marine Power launches €4.7 million crowdfunding campaign

Scottish tidal energy company Orbital Marine Power has launched a £4 million (€4.7 million) crowdfunding campaign on Abundance Investment platform to take its business to the next stage.

about 4 years ago
European offshore wind operator hires TSC Subsea
Business & Finance

European offshore wind operator hires TSC Subsea

NDT inspections specialist TSC Subsea has won a contract with an offshore wind operator in Europe to deliver a subsea diverless weld inspection campaign. TSC Subsea stated that the contract has been signed with a “leading” European offshore wind operator for work off the coast of Germany. The underw

about 4 years ago
Heerema CEO heading out after almost 10 years with company
Business & Finance

Heerema CEO heading out after almost 10 years with company

CEO of Heerema Fabrication Group and Heerema Marine Contractors has announced his departure from the role at the end of this month.

about 4 years ago
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