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Eco dishes out $20 million in escrow to spud African high-impact well by October as planned
Business & Finance

Eco deposits $20 million to fund high-impact well off South Africa

After making its capex contribution, Eco is on track to start drilling an exploration well in Block 2B, offshore South Africa, by October.

about 4 years ago
Claymore complex - North Sea - Flotta Terminal
Business & Finance

North Sea operators renew agreements for exporting oil to Flotta Terminal

Several North Sea fields partners have reaffirmed commitments to export the oil produced from their fields to Repsol Sinopec’s Flotta Terminal.

about 4 years ago
inland shipping
Business & Finance

Dutch govt accelerating sustainable inland shipping

The Nationaal Groeifonds, an initiative of the Dutch Ministries of Economic Affairs & Climate Change and Finance, is investing in Zero Emission Services (ZES) to speed up the implementation of ZES’ system solution for inland shipping.

about 4 years ago
Ocean Apex rig - Finder Energy - Australia
Business & Finance

All approvals ready for Australian well drilling to kick off next month

With all regulatory and environmental approvals in place, SapuraOMV is preparing to drill the Kanga-1 well offshore Western Australia.

about 4 years ago
NKT begins export cable installation activities at Dogger Bank A
Business & Finance

NKT begins export cable installation activities at Dogger Bank A

NKT’s 140-meter long cable-laying vessel (CLV) NKT Victoria has commenced export cable installation activities at the Dogger Bank A offshore wind project in the UK. The work started on 17 April and will be performed on a continuous basis in two campaigns until approximately 2 June. The first campaig

about 4 years ago
Deep Driller IV - Aban Offshore
Business & Finance

India’s Aban Offshore sells four jack-up rigs to UAE player

India’s Aban Offshore has entered into an agreement with the UAE-based operator ADES for the sale of four of its jack-up drilling rigs.

about 4 years ago
Impact Subsea unveils third generation of seaView software
Business & Finance

Impact Subsea unveils third generation of seaView software

Impact Subsea has launched the third generation of seaView software to support its range of altimeters, attitude and heading reference systems, depth sensors and sonars. V3 allows a single or multiple Impact Subsea sensors to operate simultaneously from a single application, the UK company said. Thi

about 4 years ago
An FPSO vessel - Ping Petroleum - North Sea
Business & Finance

Operator looking to decarbonise new North Sea project with floating wind

A proposed development concept for a new North Sea project has received approval from the UK’s offshore regulator.

about 4 years ago
More North Sea acreage for Norwegian player with further drilling on the horizon
Business & Finance

Norwegian player seeks operatorship as MOL Norge offloads two North Sea discoveries

Following an agreement with Hungary’s MOL, Norway’s Lime Petroleum will expand its North Sea portfolio with more acreage.

about 4 years ago
In focus: Americas take the offshore energy helm
Business & Finance

In focus: Americas take the offshore energy helm

The industry has been evidently hitting the pause button ahead of Easter. However, it seems like one part of the world still keeps going without slowing down. The Americas took the spotlight this week in offshore energy news headlines, with Canada and the U.S. steering the wheel.

about 4 years ago
LNG
Business & Finance

Germany to spend billions on floating LNG terminals

Germany’s government has allocated about €2.5 billion ($2.7 billion) for four floating liquefied natural gas (LNG) terminals around the country.

about 4 years ago
Equinor will use the West Hercules drilling rig for operations in Canada
Business & Finance

Equinor gearing up for exploration campaign in Canada to boost Bay du Nord resources

Norway’s Equinor is mobilising to drill two exploration wells in waters offshore Canada, which could add to its Bay du Nord offshore project development.

about 4 years ago
ExxonMobil eyes carbon capture hub in Gippsland to unlock Australian CCS potential
Business & Finance

ExxonMobil eyes carbon capture hub in Gippsland to unlock Australian CCS potential

ExxonMobil is putting the wheels into motion to gauge the potential for a carbon capture and storage (CCS) hub in the Gippsland Basin.

about 4 years ago
TSO chiefs meet to discuss EuroAfrica Interconnector
Business & Finance

TSO chiefs meet to discuss EuroAfrica Interconnector

Chiefs of the Greek and Egyptian transmission system operators (TSOs) have come together to discuss the EuroAfrica Interconnector that will connect the two countries. Manos Manousakis, chairman and CEO of Greece’s Independent Power Transmission Operator (IPTO), and Sabah Mashaly, chairman of the Egy

about 4 years ago
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