Business & Finance

Dana awards North Sea well contract to Island Drilling
Dana Petroleum has signed a contract with Island Drilling Company to drill one well on the UK Continental Shelf (UKCS).

BOEM calls for public input on potential Cook Inlet lease sale
BOEM will be seeking public input regarding a revised draft EIS, analysing the possible environmental impacts of a potential oil and gas lease sale in the Cook Inlet area, off Alaska.

Germany to promote construction of LNG bunker vessels at local yards
Germany has decided to provide subsidies in order to stimulate the construction of vessels for bunkering liquefied natural gas (LNG) and renewable fuels.

UK earmarks hundreds of millions for offshore wind, green hydrogen investment
The UK government has announced GBP 380 million (around €450 million) of investment in offshore wind in its Autumn Budget and Spending Review. Up to GBP 230 million (around €272.5 million) of this will be available from GBP 1.4 billion (around €1.66 billion) that the government is allocating for the

Chariot partners with mystery group for gas project offshore Morocco
Chariot has signed a memorandum of understanding (MOU) with an undisclosed energy group to unlock the Anchois gas development potential, offshore Morocco.

TechnipFMC, Saipem jointly pursue SURF projects
TechnipFMC and Saipem have entered into a global commercial agreement to identify projects worldwide that could be jointly executed for the benefit of clients.

Orcadian Energy seeking FPSO for North Sea oilfield development
Orcadian has received three expressions of interest for the provision of an FPSO vessel for the Pilot development in the North Sea.

Lamprell taps banks for $45 million loan to build two jack-ups
Lamprell has signed a $45 million revolving trade loan facility with two banks to cover the costs for the building of two IMI jack-up rigs.

Reach Subsea extends Havila Subsea charter
Reach Subsea has entered into an agreement with Havila Shipping to extend the contract for the inspection, maintenance and repair (IMR), survey and construction vessel Havila Subsea.

Shell vows to halve scope 1 and 2 emissions by 2030
Shell has set a new target to reduce its Scope 1 and 2 emissions by 50 per cent compared to 2016 levels by 2030, regardless of the outcome of its appeal against the Dutch Court’s ruling.

Petrobras inviting bids for Santos Basin assets
Petrobras has announced the start of a bidding phase for the sale of the Uruguá and Tambaú fields located in the Santos Basin offshore Brazil.

Havila divests Maersk Drilling of rig for $373M in eagerly anticipated sale
Maersk Drilling has sold one of its jack-up rigs – Mærsk Inspirer (now named Inspirer) – to Havila Sirius for a price of $373 million.

Talk show: It’s quite busy on the energy transition dance floor
The second day of Offshore Energy Exhibition & Conference closed with a lively discussion about crucial issues in the offshore energy sector.

Anthony Veder: World fleet running on LNG paves the way for emission cuts
In his Energy Talk on this second day of the Offshore Energy Exhibition & Conference (OEEC), Anthony Veder’s business manager Björn van de Weerdhof introduced the visitors with an in-depth talk about LNG in the maritime industry.