Business Developments & Projects
UK competition regulator investigating Noble-Maersk Drilling merger
The UK’s competition regulator is looking into the proposed merger between offshore drilling giants, Noble Corporation and Maersk Drilling.
Saipem to focus on core oil & gas and low-risk offshore wind projects following financial woes
Following a profit warning in late January, Saipem has revealed details about its revised strategic plan for the 2022-2025 period.
US imposes sanctions on Russia’s largest shipping company
Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in response to Putin’s “war of choice” against Ukraine.
Equinor gearing up for Barents Sea wildcat
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located offshore Norway.
Councilors express support for £7 billion tidal lagoon off North Wales
A proposal for £7 billion tidal lagoon project, to be developed by private sector off the coast of Conwy and Denbighshire in North Wales, has received unanimous ‘support in principle’ from Denbighshire County Council.
Solstad concludes 2021 with positive numbers despite Covid hits
Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-y
Hyundai Samho orders GTT tank design for 2 new LNGCs
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the tank design for two new LNG carriers from French containment specialist GTT.
Subsea Tech unveils new biofouling inspection & cleaning tool
French engineering company Subsea Tech has developed a new solution for the inspection and cleaning of biofouling on ships.
EU clears Cargotec-Konecranes merger
The European Commission has approved the proposed merger between Finnish engineering majors Cargotec and Konecranes.
Subsea 7, FLASC get govt grant for offshore energy storage system
Subsea 7 and technology partner FLASC have secured a £471,760 grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system. The Long Duration Offshore Storage Bundle, called PowerBundle, will store energy
Brodosplit to build 100% green passenger sailing ship
Croatian shipbuilder Brodosplit, part of the DIV Group, has started construction of a zero-emission passenger ship with electric propulsion.
Aleron trials MultiROV in ‘momentous milestone’
Aleron Limited, ROV solutions, tooling and products specialist, has conducted a test of its MultiROV work class ROV in the ROVOP’s test tank.
Oil price soars past $100 mark as Russia-Ukraine crisis escalates
Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.
Energy industry optimistic about transition despite skills shortages, policies, and supply chain issues – DNV
Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.