Business & Finance
Standard Drilling pockets $7.5 million after closing vessel sale
Offshore vessel operator S.D Standard Drilling has completed the sale of one of its platform supply vessels (PSVs).
DNO Norge gets permit for North Sea well
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to DNO Norge for a well in the North Sea off Norway.
TotalEnergies hires Esvagt vessels for Danish North Sea ops
TotalEnergies is joining forces with Danish offshore vessel provider Esvagt to create the logistics of the future in the Danish North Sea.
Nova gets £2M cash injection from Scottish Government for tidal energy scale-up
Tidal energy company Nova Innovation has been awarded £2 million from the Scottish Government to advance tidal turbine manufacturing to a global level.
Oceaneering wins three-year integrity management deal in PNG
Oceaneering’s Integrity Management and Digital Solutions segment has won a new multi-year contract in Papua New Guinea with a major operator.
Noble secures new work for ex-Pacific rigs but two stacked drillships retired
Noble Corporation has secured new contracts for legacy Pacific rigs but it has also retired two of its stacked drillships.
Woodside raises Scarborough cost estimate ahead of FID
Woodside has increased the cost estimate for the Scarborough gas project development in Australia by five per cent.
Japan’s trio establishes hydrogen-powered engine venture
Three Japanese marine engine manufacturers have joined forces to establish a new joint venture focused on the development of hydrogen-fuelled engines for the maritime industry.
Aker BP’s Hod platform set for installation in North Sea
The topside of the platform for the Hod field is transported today from Aker Solutions yard to the Aker BP-operated field in the North Sea.
UK’s IOG commits to net-zero status as of 2021
UK gas company IOG plc has committed to Scope 1 & 2 net-zero status as of 2021 following the completion of an Emissions Assessment.
Fresh start for Valaris with new contracts and three stacked rigs returning to work
Valaris is seeing early signs of recovery in rig demand evidenced by new contracts for its fleet of drillships, semi-submersible, and jack-ups.
Transocean cuts losses, sees utilisation and day rates improving
Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market.
Higher oil prices boost ConocoPhillips profit
ConocoPhillips saw an increase in its earnings for the second quarter of 2021 compared to the same period in 2020 driven by higher oil and gas prices.
BP bounces back to profit, ups dividend
BP has decided to boost its dividend by four per cent and start a share buyback program following a return to profit in 2Q 2021.