Business & Finance
Seismic firm Polarcus going into liquidation
Seismic firm Polarcus is set to be wound down and delisted from the Oslo Stock Exchange following an order made by the Grand Court of the Cayman Islands. The court made an order on 21 June placing Polarcus into official liquidation and appointed David Griffin and Andrew Morrison of FTI Cayman and Li
Ocean Power Technologies lists on Russell Microcap Index
U.S.-based marine energy company Ocean Power Technologies (OPT) has increased its exposure to potential institutional investors with the listing on London Stock Exchange-owned FTSE Russell Microcap Index.
Seaspan extends charter period with COSCO for 17 boxships
Hong Kong-based containership owner Seaspan Corporation has forward fixed contracts, extending current lease terms for 17 containerships with China’s COSCO Shipping Line.
China’s first offshore large-sized deepwater gas field starts production
CNOOC Limited has started production from China’s first offshore large-sized independent deepwater gas field, Lingshui 17-2 gas field.
Greenpeace activists protest against new oil licences in Norway
Greenpeace activists have chained themselves in front of the Norwegian Ministry of Petroleum and Energy in protest against new oil licences.
Waterborne Technology Platform, EC sign partnership on zero-emission transport
The European Commission and the Waterborne Technology Platform signed a Memorandum of Understand (MoU) for a Co-Programmed Partnership under the framework of Horizon Europe. The partnership aims to accelerate the transformation of waterborne transport to eliminate all harmful environmental emissions
Dates set for Sofia supply chain meets
A series of showcases about contracting opportunities for the Sofia offshore wind project in the UK is taking place in July. Van Oord, the EPCI contractor for the project’s foundations and inter-array cables, will hold its webinar on 6 July. The Dutch company will cover concrete structures, secondar
Keppel and Sembcorp Marine ink deal to explore creating stronger offshore & marine player
Following reports that Keppel and Sembcorp Marine are in talks to merge their offshore and marine businesses, the two players have now inked non-binding agreements.
Petrofac and SOCAR JV to support BP ops in Azerbaijan
Petrofac, in JV with SOCAR, has secured a contract worth around $25 million to support BP’s Azeri Central East project in Azerbaijan.
Ashtead and Hydromea team up for subsea equipment
Subsea technology and services provider Ashtead Technology has entered into a global rental partnership with Switzerland-based subsea wireless access provider Hydromea. Under the deal, Ashtead Technology will promote and use Hydromea’s LUMA high-speed through-water wireless optical modems as an inte
Keppel, Sembcorp Marine to discuss offshore and marine business merger
Singapore’s conglomerate Keppel Corporation and compatriot offshore builder Sembcorp Marine are set to begin discussions to combine their offshore and marine businesses.
Neptune to test additional prospect in Dugong licence
Neptune Energy is planning to test an additional prospect in a North Sea licence where its large Dugong offshore discovery is located.
Seaspan orders two 12,000 TEU boxship newbuilds
Hong Kong-based containership owner Seaspan Corporation has entered into agreements for the construction of two new 12,000 TEU containerships.
Solstad secures North Sea job
Norwegian offshore vessel owner Solstad Offshore has secured a contract for one of its platform supply vessels (PSVs) in the UK North Sea.