Business & Finance
Fresh North Sea well on the horizon for Aker BP
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Aker BP for a wildcat well in the North Sea off Norway.
Sentinel secures funding for subsea well monitoring technology
Sentinel Subsea has secured a six-figure investment from Alba Equity and Scottish Enterprise for the development of WellSentinel, its technology for the monitoring of subsea wells. WellSentinel allows for long-term remote monitoring and managing of the integrity of subsea wells, wellheads and Xmas t
Saudi Arabia reveals plans for THE RIG – new ‘extreme park’ inspired by offshore platforms
Saudi Arabia’s Public Investment Fund has revealed its plans for THE RIG, a tourism project inspired by offshore oil platforms.
Peterson to support DeNovo’s new gas project in Trinidad
Peterson has been awarded a shore-based services contract with DeNovo for the Zandolie development project, off the west coast of Trinidad.
China Navigation changes name to streamline its business
China Navigation Company (CNCo), a ship owning and operating arm of the Swire Group, has been renamed Swire Shipping, as part of a strategy to streamline its brands.
Mermaid Subsea Services takes 50% interest in CSV Millennium 3
Mermaid Subsea Services (Thailand) (MSST) has entered into a memorandum of understanding (MoU) with PT David Marine for the purchase of a 50% ownership share in DP2 construction support vessel Millennium 3.
Samsung Heavy lands $1.7 billion order for seven shuttle tankers
South Korean shipbuilding company Samsung Heavy Industries (SHI) has received an order to provide design, parts and blocks for seven shuttle tankers.
Bank of Korea to help Greek shipowner in financing newbuilds
The Export-Import Bank of Korea will provide financing to the Greek Angelicoussis Shipping Group in its large ships orders at Korean shipyards.
Santos preparing for Barossa drilling and completions campaign
Santos has filed its environmental plan for the development drilling and completion of wells on the Barossa field development off Australia.
MOL to order ammonia-fueled engine for ships
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with compatriot engineering company Mitsui E&S Machinery and German engine manufacturer MAN Energy Solutions to target the signing of the purchase contract of the ammonia-fuelled main engine for ships.
In focus: Energy transition reels in more oil & gas majors as coal power producer enters offshore renewables market
Another week has gone by not leaving us wanting on energy transition developments, as several updates on renewable energy, clean fuels, decarbonisation, and net-zero strategies made headlines – most notably those from the traditionally fossil fuel-oriented players.
Maersk drillship to drill for a new world record in Angola
Danish offshore drilling contractor Maersk Drilling has been awarded a contract extension from TotalEnergies to drill for a new world record.
Seatronics, RTsys sign global distribution agreement
Seatronics has entered into a global distribution agreement with French manufacturer RTsys for the autonomous underwater vehicles (AUV) and passive acoustic monitoring (PAM) product lines.
Counting down to Offshore Energy Exhibition & Conference 2021
In less than two weeks, Offshore Energy Exhibition & Conference 2021 will open its doors! The industry will meet again face-to-face on 26 and 27 October 2021 in RAI Amsterdam.