Business & Finance

Strategic Marine launches new fast crew boat design
Singapore’s Strategic Marine has announced the launch of its new Aluminium 42m Gen 4 Fast Crew Boat (FCB) design.

Viaro Energy expands footprint in the Netherlands ahead of new well
Viaro has signed a sale and purchase agreement with NAM to acquire an additional 10% share in the F5/F4A East licences in the Netherlands.

Contract for Velesto rig terminated after ‘total loss’ incident
Velesto Drilling’s contract with ConocoPhillips in Malaysia for the NAGA 7 jack-up rig is considered terminated following an incident in which the rig tilted and submerged in early May 2021.

OMV Petrom delivers LNG to fuel Romania’s first LNG operated ship
OMV Petrom completed the first delivery of liquefied natural gas (LNG) to fuel the first ship equipped with LNG engines, built in Romania.

Inyanga and SAAS join forces for marine renewables and offshore wind
British company Inyanga Maritime and French company Ship As A Service (SAAS) have signed a collaboration agreement for the marine renewable energy and offshore wind markets.

Aker BP secures drilling permit for North Sea well duo
The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for two wells in the North Sea offshore Norway.

Harvey Gulf converts second platform supplier to tri-fuel status
Offshore vessel provider Harvey Gulf International has taken delivery of its second tri-fueled vessel with real-time emissions monitoring.

FUELSAVE secures fresh funds to scale up production of retrofit solution
German cleantech provider FUELSAVE has secured €3.4 million ($4 million) in fresh funding to expand its team and scale up the production of its advanced combustion conditioning solution.

Neptune wraps up Dugong appraisal well testing
Neptune Energy has completed the formation and flow testing (DST) of an appraisal well on the Dugong discovery located offshore Norway.

Large-scale deployment of CCS tech gets industry support in Houston
U.S. energy majors ExxonMobil and Chevron together with nine other partners will bring their industry expertise in support of a large-scale deployment of CCS in the Houston area.

Well Expertise deploys blockchain-backed smart contract network for Wellesley’s wells
Data Gumbo announced Well Expertise will deploy GumboNet across its well portfolio for frame agreements and well contracts with Wellesley.

Repsol Sinopec awards 14-well decom deal to Well-Safe
Repsol Sinopec has awarded a contract to Well-Safe for the decommissioning of 14 subsea wells in Hannay and Buchan fields.

SEA-KIT USV first to demonstrate hydrogen fuel cell technology
SEA-KIT International has secured funding to install a hydrogen fuel cell on its 12-metre unmanned surface vehicle (USV) Maxlimer, representing an industry first.

America’s first large-scale offshore wind farm reaches financial close
Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has reached financial close on its 800 MW offshore wind farm in Massachusetts — the first large-scale offshore wind farm in the United States and the Americas region. The developer has raised $ 2