Business & Finance
Wood expects $500 million worth of medium-term CCUS deals
Oilfield services company Wood believes there will be continued growth in the carbon capture utilization and storage market worth $500 million in potential medium-term CCUS projects.
Kent finalises buy of SNC-Lavalin’s oil and gas business
Dubai-based energy services company Kentech has completed the acquisition of Canada-based SNC-Lavalin’s oil and gas business.
Samsung Heavy to raise $1.1B for green ship tech development
South Korean shipbuilder Samsung Heavy Industries (SHI) has decided to sell stock and raise around KRW 1.23 trillion ($1.1 billion).
Mobile Offshore Wind Units project secures Enova grant
Odfjell Oceanwind has secured a pre-project grant from Enova, Norway’s fund for climate and energy technologies, to mature its first commercial contracts for Mobile Offshore Wind Units (MOWUs) and WindGrid for the electrification of oil and gas installations. The grant is awarded under Enova’s full-
Valaris scores drillship deal brace with Shell
Offshore drilling contractor Valaris has been awarded two one-well contracts for one of its drillships by oil major Shell.
Seafarers COVID relief fund surpasses $1M target
The Seafarers International Relief Fund (SIRF) has reached its goal of raising $1 million to provide vital relief for seafarers and their families affected by COVID.
BHP agrees to sell oil and gas business to compatriot Woodside
Woodside Petroleum and BHP Group have entered into a merger commitment deed to combine their respective oil and gas portfolios via an all-stock merger.
Woodside acting CEO takes on permanent role
Australian energy company Woodside has promoted its acting chief executive officer (CEO) to a permanent role, effective immediately.
OPT set for concept design works for next-gen wave energy converter
Ocean Power Technologies (OPT), supported by the U.S. Department of Energy (DOE) grant, is set to perform a preliminary conceptual design study to further develop its novel wave energy converter aimed at powering autonomous ocean monitoring systems.
ADNOC, Roll Group form oil and gas heavy lifting and transport partnership
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has created a strategic partnership with Roll Group to strengthen its turnkey integrated logistics offering.
Partners wanted for UK-developed oil pipeline repair robot
UK engineering firm Forth is looking for assistance to bring the working prototype of a friction stir welding robotic crawler for oil pipeline repair to the commercial stage. The FSWBot is being developed to travel hundreds of miles down an oil pipeline to scan for defects and carry out subsequent r
Challenger Energy seeks partner, license extension off Bahamas despite dry well
Challenger Energy, the company formerly known as Bahamas Petroleum, is trying to extend its license periods for offshore blocks in the Bahamas, regardless of the first well there being a disappointment.
ORPC bags $25M to accelerate tidal power roll-out
Ocean Renewable Power Company (ORPC) has secured a $20 million investment commitment, with an additional $5 million second closing this fall, from a consortium led by Canadian Shield Capital in alliance with Hatch.
PXGEO 2 to sport DUG data acquisition QC software
PXGEO is deploying DownUnder GeoSolutions’ (DUG) data acquisition quality control and onboard processing and visualization software onboard the PXGEO 2. PXGEO stated it had signed an agreement with DUG for the provision of its DUG Insight software for its new Rolls-Royce designed 14-streamer seismic