Business & Finance
Petrobras extends Skandi Achiever charter
DOF Subsea has secured a contract extension with Petrobras for its 106-meter long diving support vessel (DSV) Skandi Achiever. To remind, Petrobras awarded DOF Subsea with a three-year firm contract with a two-year extension option for Skandi Achiever back in April 2018. With this contract extension
Borr secures more work for jack-up rigs
Offshore drilling contractor Borr Drilling has secured more work for its jack-up drilling rigs, increasing its contracted fleet to 15 rigs.
Third Rhum well goes online for Serica
Serica Energy has started production from the Rhum R3 well in the UK North Sea, some 16 years after it was originally drilled.
Global Underwater Hub names ex-SMD CEO as first chair
UK’s new subsea industry organisation The Global Underwater Hub (GUH) has appointed Andrew Hodgson, former CEO of Soil Machine Dynamics (SMD), as its first chair. Hodgson will take up the role as Subsea UK transitions into a new strategically-focused organisation that aims to transform the UK’s unde
Green light to Lundin for North Sea field start-up
Oil and gas company Lundin Energy has received consent from Norwegian authorities for the start-up of the Solveig field in the North Sea.
Norwegian government proposing stricter petroleum tax rules
Norway’s government is proposing to revise the petroleum tax system, introducing stricter tax rules with a more neutral effect on investments.
Neptune kicks off first W2W campaign at North Sea field
Neptune Energy has started the first Walk to Work (W2W) campaign at its operated Cygnus gas field in the UK Southern North Sea.
Eni hits major oil find off Ivory Coast
Italian oil and gas player Eni has made a major oil discovery in block CI-101, located offshore Ivory Coast.
Nine banks provide financing to BW Offshore for Barossa FPSO
BW Offshore has completed the $1.15 billion project debt financing for the construction and operation of the FPSO for Santos’ Barossa field.
Ocean Infinity taps Valeport for Armada fleet
Ocean Infinity has selected Valeport sensor technology to provide sound velocity and bathymetric data for its Armada fleet of uncrewed, low-emission, robotic vessels. Valeport’s miniSVS will be mounted on the vessels next to the multi-beam echosounder in the sensor gondola to provide surface sound v
Tellurian withdraws senior note offering to raise $50 million
U.S. LNG project developer Tellurian has canceled its recently announced underwritten public offering of $50 million aggregate principal amount of 8.25 per cent senior notes.
EU-wide partnership to deliver ‘world-first’ bankable hybrid marine energy parks
Major European companies and project developers have joined forces with leading research institutions to unlock large-scale potential of combined wind, wave and offshore floating solar renewable energy sources in the newly launched €45 million marine energy project ‘European Scalable Offshore Renewa
Energy transition not fast enough as fossil fuels will still hold half of global energy mix by 2050, DNV warns
DNV has warned in its energy transition report that electrification will not be enough to meet the global net-zero target of the Paris Agreement.
Boosted by new contracts, Esvagt hiring 50 new seafarers
Esvagt has revealed that recent new contract awards for its fleet mean that the company is now on the hunt for 50 new seafarers.