Business & Finance
Minesto CEO nominated for 2021 Vi Maris Award
Martin Edlund, CEO of Swedish marine energy developer Minesto, has been nominated for the 2021 industry award Vi Maris. Vi Maris, meaning ‘Force of the Sea’, recognises individuals who have made outstanding contributions to the development of the ocean energy sector. According to Minesto, Edlund is
Lundin looking to sanction North Sea discoveries before end of 2022
Following successful completion of appraisal wells on the Lille Prinsen discovery, Lundin will now work to submit a PDO by the end of 2022.
DeepOcean inks subsea cable repair deal with Equinor
DeepOcean has secured a frame agreement contract by Equinor to provide contingency equipment and services for handling high-voltage subsea cables utilized for offshore renewables and oil and gas. The contract covers the provision of handling equipment and personnel for subsea high-voltage cable cont
SBM Offshore closes largest project financing in its history
SBM Offshore has completed the project financing of FPSO Sepetiba for a total of $1.6 billion, the largest project financing in its history.
Aker BP hands out first major contracts for North Sea development
Aker BP has awarded FEED contracts worth nearly NOK 700 million to alliance partners related to the development of NOA Fulla off Norway.
Norway’s mature areas licencing round attracts bids from 31 oil & gas players
The Norwegian Ministry of Petroleum and Energy has received applications from 31 companies in connection with the APA 2021 in Norway.
Longboat sees start of drilling ops on its first-ever exploration well
Vår Energi has started drilling the Rødhette exploration well, the first in a series of seven wells where Longboat Energy will participate.
Fire at IFA1 interconnector UK site
The UK National Grid today, 15 September, reported a fire at its IFA1 interconnector site in Sellindge, Kent, which has been evacuated.
DOF scores new contract and extension with Petrobras
DOF ASA’s Brazilian subsidiary has secured a new long-term contract and an extension for two of its AHTS vessels with Petrobras.
TechnipFMC’s Dunfermline Campus rolls out 1,300th subsea tree
TechnipFMC’s Dunfermline Campus in the UK has achieved a milestone with the completion of its 1,300th subsea tree. The milestone subsea tree, completed on 14 September, is set for delivery to Equinor’s Snorre project offshore Norway. Since its opening in 1974, the facility has delivered XTs to 34 cu
Beach Energy cleared for Tasmania 3D seismic survey
Beach Energy has received approval from Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for its plan to carry out the Prion 3D marine seismic survey offshore Tasmania. NOPSEMA accepted the plan on 9 September with conditions and/or limitations for the
Maersk acquires Portuguese logistics startup
Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup.
3Dent acquisition drives OPT revenue up at 2022 kick-off
U.S.-based marine energy company Ocean Power Technologies (OPT) has reported a revenue of $0.3 million for the first quarter of fiscal year 2022, an increase from the $0.2 million in the first quarter of fiscal year 2021. The increase is primarily said to be the result of additional Strategic Consul
DFDS targets Eastern Europe with ICT Logistics acquisition
Danish ferry and logistics company DFDS continues to grow its logistics portfolio as it acquired compatriot freight forwarder ICT Logistics.