Business & Finance
Aberdeen City invests $20.3 m in hydrogen hub
Aberdeen City Council has invested $20.3 million (£15million) to accelerate delivery of its hydrogen hub and reinforce efforts to build a hydrogen economy in this Scottish port city.
Baker Hughes and Shell unite to speed up global energy transition
Baker Hughes and Shell have joined forces to speed up the energy transition and reach net-zero carbon emission goals.
First Subsea opens dedicated CPS production facility
First Subsea has opened a dedicated production facility for cable protection systems (CPSs) in Lancaster, UK, in order to meet the demand from the offshore wind market.
Aquaterra to support BW Energy’s rig conversion job
Offshore energy engineering solutions provider Aquaterra Energy has been awarded a $4.4 million contract with BW Energy.
Maersk, Vestas team up on all containerised transport
Danish shipping company A.P. Moller – Maersk and its compatriot wind turbines manufacturer Vestas have formed a long-term strategic partnership for all containerised transport.
CGG seismic data to back Northern Lights JV’s CO2 storage projects
CGG has licensed its high-end Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments.
Two Saudi players team up, aiming to be one of the world’s most competitive OSV builders
IMI has signed a long-term agreement with Zamil Offshore for the delivery of OSV building and MRO services in Saudi Arabia.
d’Amico continues offloading MR tanker oldies to keep fleet young
d’Amico Tankers, operating subsidiary of Italian marine transportation company d’Amico International Shipping (DIS), has signed a memorandum of agreement for the sale of one of its oldest MR vessels to make place for eco ships in its fleet.
Tullow brings in first Ghanaian-owned vessel to support O&G ops
Tullow Oil has taken delivery of the first Ghanaian-owned and Ghanaian-flagged vessel, which will support oil and gas activities in Ghana.
Vantage trims losses amid increased activity
Vantage Drilling has managed to cut its quarterly loss on the back of higher revenues driven by growing contracting activity and utilisation.
Subsea cables account for over 50 pct of total claims spend in offshore wind – GCube Insurance
Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in t
First US high-voltage subsea cable plant opens for business
Nexans has officially opened its high-voltage subsea cable plant in Charleston, South Carolina, which is the first such facility in the United States.
CorPower finalist in the race for $1 million Ocean Innovation Prize
Swedish wave energy company CorPower Ocean has reached the finals of the $1 Million Ocean Innovation Prize organized by the Blue Climate Initiative (BCI).
Disappointing results for Aker BP in North Sea
Aker BP has concluded the drilling of a wildcat well in the North Sea and encountered a minor oil discovery, which is not commercial.