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TotalEnergies takes $4.1B impairment charge on Russian Arctic LNG 2 project
Business & Finance

TotalEnergies takes $4.1 bln impairment charge on Russian Arctic LNG 2 project

TotalEnergies will no longer book proved reserves for the Arctic LNG 2 and will book a $4.1 billion impairment charge on Novatek’s project.

about 4 years ago
Valaris sells two stacked rigs to ADES
Business & Finance

Valaris sells two stacked rigs to ADES

Offshore rig owner Valaris has sold two jack-up rigs to a subsidiary of the UAE-based operator ADES International Holding.

about 4 years ago
Deepsea Yantai rig was used to Drill Hamlet well in North Sea for Neptune
Business & Finance

Hamlet proves to be an oil and gas discovery

Oil and gas company Neptune Energy has confirmed an oil and gas discovery at its Hamlet exploration wells in the North Sea off Norway.

about 4 years ago
Saipem picks French player for work on Petrobras FPSO destined for ‘largest deep-water oilfield in the world’
Business & Finance

Saipem picks contractor to supply electrical module for FPSO destined for giant deepwater oilfield

Saipem has selected GE Power Conversion to supply an electrical module for an FPSO, which will be deployed on Petrobras’ field off Brazil.

about 4 years ago
Edmund Schulz turns off the oil valve - activists - Germany
Business & Finance

Activists in Germany turn off oil pipelines in protest against North Sea drilling

Activists in Germany turned off crude oil pipelines at five locations, calling the government to stop new fossil fuels projects.

about 4 years ago
Liza Unity FPSO - ExxonMobil - Guyana
Business & Finance

ExxonMobil digs up three more oil discoveries in Guyanese waters

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block.

about 4 years ago
Illustration/Tocardo's tidal turbine array (Courtesy of Tocardo)
Business & Finance

EU’s Innovation Fund launches €100M call for innovative low-carbon projects

The European Commission has launched a call for small-scale projects focusing on innovative technologies in renewable energy, heavy industry, energy storage, and carbon capture as part of its Innovation Fund.

about 4 years ago
Danes on the lookout for energy islands consultant
Business & Finance

Danes on the lookout for energy islands consultant

Danish energy operator Energinet has issued a tender looking for consultancy services for the expected subsea cable routes of the planned Energy Islands in the North and Baltic Seas. The scope of work includes consultancy services regarding the external threat and risk assessment as well as assessme

about 4 years ago
BW Offshore - Cidade de São Vicente FPSO
Business & Finance

Report claims worker died at Indian yard while scrapping former BW Offshore FPSO but BW says incident unrelated to its vessels – updated

A worker lost his life while scrapping an FPSO vessel, formerly owned by BW Offshore, at an Indian beaching yard on 21 April.

about 4 years ago
First gas flows between Denmark and Norway after Baltic Pipe North Sea construction ends
Business & Finance

First gas flows between Denmark and Norway after Baltic Pipe North Sea construction ends

Energinet has completed all work on the Baltic Pipe project in the North Sea, after several years of preparation and construction work. According to the Danish transmission system operator (TSO), the extensive construction work in the North Sea has been completed and this weekend there was a “hole t

about 4 years ago
MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Business & Finance

SIMEC Atlantis seeks more time to repay Abundance Investment debentures

SIMEC Atlantis Energy has entered into discussions with Abundance Investment to extend the timing for the repayment of the €5.9 million debenture issued to the company in 2017.

about 4 years ago
High Island V jack-up rig - Shelf Drilling
Business & Finance

Three-year extension for Saudi jack-up

UAE-based Shelf Drilling has secured a three-year contract extension for a jack-up rig operating offshore Saudi Arabia.

about 4 years ago
First robots from Nauticus fleet coming by year-end
Business & Finance

First sets of robots from Nauticus fleet coming by year-end

Nauticus Robotics is set to launch the first sets of Hydronaut – Aquanaut robots from its planned Nauticus Fleet by the end of this year. These tandem pairs will be deployed in multiple offshore industries serving applications ranging from subsea maintenance and intervention to data collection activ

about 4 years ago
No hydrocarbons for Empyrean in Chinese well
Business & Finance

No oil pay result makes Empyrean ‘extremely disappointed’ with Chinese well

Empyrean Energy is disappointed after finding no hydrocarbons in the Jade prospect well, located in Block 29/11 offshore China.

about 4 years ago
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