Business Developments & Projects
TGS begins 2D-cubed reprocessing project off India’s east coast
TGS has commenced an extensive 2D-cubed seismic reprocessing project off the east coast of India in support of the country’s license round schedule. The project includes over 250,000-line kilometers of existing 2D data across an area of over half a million square kilometers. This new dataset offers
OMV gets thumbs-up for Norwegian Sea ops
OMV has received consent from Norway’s offshore safety regulator for exploration drilling of a pilot hole in the Norwegian Sea.
Here’s what the industry says about Shell’s oil discovery in Namibia
Here’s what the industry says about Shell’s oil discovery in Namibia
Eni: UK industry shows outstanding interest in CO2 capture & storage project
Eni has signed 19 Memoranda of Understanding for carbon, capture & storage within the HyNet North West project in the UK.
Danish university sets up PhD scholarship focused on Crestwing’s wave device
The Centre for Energy Technologies at Aarhus University has invited applications for PhD scholarship devoted to techno-economic assessment of the overall performance of Crestwing’s wave energy technology.
U-Ming: Sustainability-linked loan to support fleet renewal
Singapore-based Oversea-Chinese Banking Corporation (OCBC Bank) has extended a $70 million sustainability-linked loan with U-Ming Marine Transport Corporation, one of Taiwan’s largest listed bulk carrier companies.
BW Offshore dispatches laid-up Brazilian FPSO to scrap yard
BW Offshore has inked a deal to recycle one of its FPSOs at a yard in India, as part of its strategy to optimise its current asset portfolio.
Sabella formalizes partnership for tide-powered green hydrogen production
French company Sabella has signed a memorandum of understanding with H2X-Ecosystems for the development of green hydrogen production system powered by tidal energy.
Deep Down gets $1.7 million order for Gulf of Mexico
U.S.-headquartered subsea equipment specialist Deep Down has received an order to deliver installation equipment and services in the Gulf of Mexico to an undisclosed client. The order is valued at more than $1.7 million and all activities are scheduled to be completed by the end of this year. Part o
Offshore inspection of Murphy’s giant new platform ahead of first oil
U.S. offshore safety and environmental enforcement agency has conducted an inspection of Murphy Oil’s King’s Quay platform.
Erik Thun orders next-gen dry cargo vessels
Swedish shipping company Erik Thun Group has ordered two new dry cargo vessels from Dutch shipyard Ferus Smit in an effort to replace some of the existing vessels with newbuilds.
Wärtsilä to maintain 2 LNG-fueled ferries from STQ
Wärtsilä has signed an optimised maintenance agreement with the Canadian ferry operator STQ for two LNG-fueled ferries.
Enauta hires rig for Brazilian field ops
Brazilian oil and gas company Enauta has signed a drilling rig contract for operations on its Atlanta field located offshore Brazil.
2021 best-ever financial year for Reach Subsea
Norway’s Reach Subsea has reported 2021 as the best financial year in company history. This is said to be driven by high vessel utilization and project execution, as well as the purchase of OCTIO. In its latest financial report, Reach Subsea stated it also had its best-ever fourth quarter which saw