Business & Finance
Stena rig wraps up North Sea well for Tailwind
Tailwind has revealed that the Evelyn development well, in the UK North Sea, has been drilled, completed, and tested using a Stena rig.
Eidesvik and Wärtsilä bringing to life world’s first ammonia conversion project
Eidesvik has signed a cooperation agreement with Wärtsilä to retrofit an offshore supply vessel with an ammonia-fuelled combustion engine.
Turkish drillship gearing up for Black Sea mission – gallery
Turkey’s TPAO is preparing its drillship Yavuz for a mission in the Black Sea with the vessel now heading to the Port of Filyos.
Boxfish, Transmark unveil long-endurance underwater observation vehicle
New Zealand-based Boxfish Research and Norway’s Transmark Subsea are set to launch a new class of an autonomous underwater observation vehicle, said to be capable of being deployed underwater for months. The ARV-i, which will be launched in mid-October, enables continuous monitoring of underwater as
Greenpeace seeks to appeal before Supreme Court after losing against BP
Greenpeace will be looking to appeal a decision by a UK court after losing its case against BP over a permit to drill in a North Sea field.
ZIM: Like Airbnb and Uber, everyone can be a self-shipper in shipping
Israeli shipping company ZIM Integrated Shipping Services has established a new subsidiary, Ship4wd, a digital freight solution that will offer online solution services similar to Airbnb and Uber.
Eni launches IPO process for Gas and Power business
Italian oil and gas company Eni has launched a process for an initial public offering (IPO) and listing of shares in its newly merged Gas&Power retail and renewables business. Gas&Power retail and renewables business is referred to as ENI R&R. Eni plans to complete the transaction during 2022, subje
Petrofac joins forces with Gazprom to boost Russia’s industry expansion
Petrofac has signed a strategic partnership with Gazprom to export and promote the Russian energy industry on the domestic and global markets.
OEG finalizes Hughes Subsea Services purchase
OEG Offshore has completed the acquisition of Hughes Subsea Services, marking the company’s third offshore wind-focused purchase for this year. Liverpool‐based Hughes will retain its distinct name and its founder Ian Hughes will continue to be the managing director. “Being part of OEG means we will
No oil for Lundin after drilling in North Sea
Lundin Energy is in the process of concluding the drilling of a wildcat well in the North Sea after encountering disappointing results.
Lukoil paying $2.25 billion for Shah Deniz stake
Lukoil has concluded an agreement on acquiring an interest in the Shah Deniz gas project in the Caspian Sea from Petronas.
ExxonMobil’s resource estimate for Guyana block rises to 10 billion barrels
ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block off Guyana following its latest discovery.
Still no decision from Petrobras over Albacora bids despite reports
Brazilian oil and gas company Petrobras has said there is still no decision about the winning proposal for the Albacora field off Brazil.
Rovtech targets Scandinavia through new partnership
UK-headquartered Rovtech Solutions has signed a memorandum of understanding (MoU) with Norway’s Deepsea Solutions to expand its customer base and require local representation in Scandinavia. The new partnership will give Deepsea Solutions exclusive access throughout Scandinavia to the most up-to-dat