Business & Finance
DP World to invest more than $1B in new Africa investment platform
Dubai-based port developer and operator DP World has unveiled the creation of an African investment platform in partnership with the UK’s development finance institution and impact investor CDC Group (CDC).
GasLog gets $325m financing from US investment firms
Greek owner and operator of LNG carriers GasLog has entered into a note purchase agreement with the U.S.-based investment companies Carlyle and EIG for an amount of up to $325 million.
MMT appoints interim CEO
Swedish marine survey specialist MMT has appointed Sara Båth-Dahlström as CEO, succeeding Per-Olof Sverlinger. Båth-Dahlström, who is taking over the position on an interim basis, has been with the company since 2019. MMT appointed Per-Olof Sverlinger as its CEO back in the summer of 2018. Sverlinge
Stena Drilling teams up with blockchain start-up in digitalisation push
Stena Drilling has entered into a partnership with SmartChainServices to develop further smart solutions for the energy sector.
Cognite enlisted to empower BP’s well operations
BP has signed a new two-year agreement with Cognite to optimise well design and workflows using a single consolidated data layer solution.
Equinor’s Johan Castberg oil project now two years behind schedule
In addition to previous delays due to weld quality, Equinor has experienced further delays and cost overruns on its Johan Castberg project.
Norden benefits from dry bulk market’s bumper year
Danish shipping company Norden is capitalizing on rising asset values in the dry cargo market through vessel sales, with several units sold in the past few months.
BOSS done with sea trials series in North Sea
UK-based pioneer of autonomous seabed robots Blue Ocean Seismic Services (BOSS) has completed a series of passive and active sea trials in the North Sea using a DP2 class multi-role vessel.
4Subsea to monitor steel catenary risers offshore Brazil
4Subsea has secured a service agreement to monitor steel catenary risers (SCRs) on the floating production storage and offloading (FPSO) vessel on the Bacalhau field offshore Brazil.
OKEA abandons North Sea oil project plans
Oil and gas company OKEA has decided to propose to the licence partners not to develop its operated North Sea discovery further.
Ocean Infinity buys Red Rock with focus on autonomous port ops
Marine robotics company Ocean Infinity has acquired Red Rock, a technology company focused on solutions that aim to enable autonomous port operations. The acquisition will combine Ocean Infinity’s Armada robotic vessels and low emission operations with Red Rock’s ability to develop hardware and soft
IOG halts North Sea ops after issue found on Noble rig’s leg
While moving to start drilling ops in the UK North Sea for IOG, an issue has been found on one of the legs of a Noble Corporation-owned rig.
Wood hired to support Beach Energy’s subsea development
Wood has secured two FEED contracts to support Beach Energy’s Trefoil field development opportunity in the Bass Basin off Australia.
Transocean sets target for emissions reduction across its rig fleet
Transocean has committed to reducing operating Scope 1 and Scope 2 greenhouse gas emissions intensity by 40 per cent from 2019 levels by 2030.