Business Developments & Projects
Two North Sea fields drive Lundin’s reserves increase
Oil and gas company Lundin Energy has disclosed an increase in its 2P and 3P reserves, owing to two North Sea fields.
In focus: Emission-reduction initiatives ramping up across offshore energy sectors
The COVID-19 pandemic may have transformed the way we live and work; however, the offshore energy sector seems to find its way through these challenges. A flashback to the week behind us reveals that new roadmaps to achieve net-zero goals are developed across various sectors, while new projects are
Upstream M&A deals hit three-year high in 2021 – Rystad
Global upstream merger and acquisition deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 bln, Rystad Energy’s says.
New wave energy legislation on the horizon for New Jersey
New Jersey Assemblyman Robert J. Karabinchak has unveiled plans to introduce a new legislation initiative that would include wave energy in New Jersey’s Energy Master Plan.
Neptune extends SeaMar vessel charter for IRM services
Offshore vessel operator SeaMar has secured a contract extension with Neptune Energy Netherlands for the diving support vessel (DSV) SeaMar Splendid.
ESB launches qualification system for geophysical surveys
Ireland’s Electricity Supply Board (ESB) has launched its qualification system for offshore geotechnical surveys and is now inviting applications. With this procedure, ESB intends to establish a qualification system to procure the scope of services pertaining to offshore geotechnical surveys for the
More OBN work on Magseis Fairfield’s to-do list
Norwegian survey services provider Magseis Fairfield is strengthening its backlog for 2022 with the new contract extension as well as confirmation of the recent conditional award.
Highest utilisation rate for Prosafe fleet since 2015
In 2021, Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015.
EcoClipper buys first sailing cargo ship
The Netherlands-based sustainable shipping company EcoClipper has purchased ‘De Tukker’, a retrofit vessel, with an aim to establish sustainable shipping on the North Sea.
UHI researcher finds 33 West Scotland sites fit for small-scale tidal energy schemes
The first of the Scottish-based Bryden Centre students to achieve a PhD, Emma Whettall, has identified 33 sites along Scotland’s west coast suitable for development of small-scale tidal energy generation projects.
Bombora secures MOL investment to advance wave power technology
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has invested in Bombora Wave Power, cementing their wave energy partnership formed a year ago.
Nexstep contracts Oceaneering for first-ever joint well decom campaign
Six oil and gas operators in The Netherlands have signed an agreement with Oceaneering Services in the first joint campaign to decommission mud line suspension (MLS) wells in the Dutch North Sea, which are wells that were once drilled for exploration purposes, but never became producing wells.
Bumi Armada agrees to sell three ice-class vessels to Russian player
Malaysia’s Bumi Armada has arranged to sell its stake in four subsidiaries holding three ice-class vessels to Russia’s Lukoil.
HYON raises fresh funds to develop maritime hydrogen bunkering business
HYON AS, a Norway-based provider of zero-emission maritime hydrogen bunkering solutions, has announced the successful completion of a private placement of NOK 50 million ($5.6 million), valuing the company at NOK 130 million.