Business & Finance

Equinor puts StormGeo in charge of weather and ship routing services
Equinor has awarded two contracts for weather and route advisory services in the North Sea and Norwegian Continental Shelf to StormGeo.

Tocardo T-1 tidal turbines on their way to Pembroke Dock
Dutch tidal energy company Tocardo has sent off three of its T-1 tidal turbines towards Pembroke Dock where they will be installed on QED Naval’s Subhub community-scale platform.

Helix, Trendsetter Engineering join hands for well intervention services
Helix Energy Solutions and Trendsetter Engineering have partnered up to provide integrated hydraulic intervention services for subsea wells and flowlines.

Port of Felixstowe targets ops decarbonisation with new equipment
Hutchison Ports Port of Felixstowe, the UK’s largest container port, has made a ‘major’ investment in new equipment to help decarbonise its operations.

NKT targets Polish offshore wind with local power cable center
NKT is expanding its presence in Poland with an execution center to prepare for the growing demand for offshore and onshore power cables driven by the development of the local offshore wind market.

Prosafe gains support for restructuring plan in Norway
Prosafe has achieved what it says is an important milestone in its financial restructuring following the approval of its plan in Norway.

ExxonMobil and Petronas pool resources for CCS study in Malaysia
ExxonMobil has signed a memorandum of understanding with Petronas to explore carbon capture and storage technologies projects in Malaysia.

East Coast subsea link gets approval for Final Needs Case
Ofgem has given the green light for preparing the Final Needs Case stage of the regulatory approvals process for the East Coast subsea HVDC link that will connect Scotland and England.

AqualisBraemar LOC enacting long-term succession plan for CEO role
AqualisBraemar LOC has revealed its long-term succession plan for the CEO role, which will enable the company’s COO to take over the role.

BW Offshore bags contract extension for Nigerian FPSO
FPSO operator BW Offshore has been awarded a contract extension for a vessel operating in waters offshore Nigeria.

Marine-i backs next stage of STL’s futuristic robotic arm
Marine-i has supported the next stage of development of Submarine Technology Limited’s (STL) futuristic robotic arm with a grant and a bespoke RD&I program. STL’s innovation is a vessel-based multi-axis robotic arm for autonomous operations, and will form an integral part of a new Autonomous Synchro

ConocoPhillips files development plan for cross-border North Sea field
Oil major ConocoPhillips has submitted its plan for the development and operation of a field in the North Sea to Norwegian and UK authorities.

Argeo orders Eelume autonomous snake robot
Norway’s Argeo is expanding its autonomous underwater vehicle (AUV) fleet with Eelume’s autonomous snake robot, in what is the first commercial contract to be signed for the technology. Acquiring the Eelume robot is said to be part of Argeo’s strategy to transform the ocean space inspection industry

Cairn becoming operator of five Deltic’s North Sea gas licences
Deltic Energy has completed the farm-out agreement of five of its gas licences in the Southern North Sea with Cairn Energy.