Corvus Energy, a Norway-based provider of battery energy storage solutions and fuel cell systems for maritime, offshore and port applications, has appointed Fredrik Witte as the new CEO, starting January 1, 2024. Until Witte starts, CFO Mette Rokne Hanestad will serve as the Interim CEO…
UK-based oil firm Serica Energy said Thursday it had agreed to acquire a 30% non-operated interest in the UK North Sea licenses P2498 and P2170 which together make up the Greater Buchan Area (“GBA”) from Jersey Oil & Gas.Completion is subject to regulatory…
Scana's PSW Technology has signed a frame agreement with an unnamed Norwegian oil and gas operator for Capping Stack & Support Services. The contract consists of a fixed period of 3 years with a 2+2-year option. The value of the frame agreement…
The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.The increase…
U.K. shipbuilder Diverse Marine has introduced its own finance and lease program designed initially for the financed construction of offshore wind crew transfer vessels (CTV).Funding for offshore wind CTVs has been challenging, and the company…
Norway's natural gas output rose in October from a four-year low in September but still lagged an official forecast, while crude oil production also fell behind expectations, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Natural gas production in October rose to 328…
Subsea cable supplier and service provider JDR Cable Systems (JDR), a part of the TFK Group, said Tuesday it had achieved several significant milestones in the construction of its new £130 million state-of-the-art subsea cable manufacturing facility in Cambois…
Russia is waiting for the outcome of an investigation into the sabotage of the Nord Stream gas pipelines before making any request for compensation, the RIA state news agency cited a foreign ministry official as saying on Tuesday.The pipelines…
Serica Energy, a UK-based upstream oil and gas company, said Tuesday that its Chief Financial Officer Andy Bell had informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Copeland…
IKM Ocean Team Scandinavia has recently signed a contract with TotalEnergies EP Danmark and the Danish Underground Consortium for the supply of cleaning and process services.The contract starts on October 1, 2023, runs for five years firm, plus two one-year extension optinos…
Offshore installation contractor Jan De Nul Group said Monday it had signed an agreement with the Egyptian government, represented by the Egyptian Electricity Transmission Company (EETC), to start the study for the construction of an undersea export cable between Egypt and Europe…
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) agreed on Friday to sell all of its assets in Norway to Poland's Orlen, which operates in Norway under the name PGNiG Upstream for $454 million, the CEO of the Kuwaiti company said on Friday…
Carbon Catalyst Limited (CCL) said Friday it had reached an agreement with Summit Energy Evolution Limited (SEEL), a subsidiary of Sumitomo Corporation, to farm out a 10% working interest in the Orion carbon storage license located in the Southern North Sea sector of the UK Continental Shelf…
Norwegian oil and gas company Equinor has awarded IKM Testing a four-year extension to a major framework agreement that covers all of Equinor's offshore installations and onshore facilities in Norway until the second quarter of 2028. 'IKM Testing…
Corinth Pipeworks, as a subcontractor of Sumitomo Corporation Europe, has won a contract to manufacture and supply approximately 160km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore natural gas pipeline…
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