Business & Finance
Harbour Energy expects low output to bounce back as delayed project nears start-up
Harbour Energy has experienced a negative impact on production during the first five months of 2021 due to planned maintenance and outages.
Noble Corp. lands more work for two drilling rigs
Noble Corporation has secured more work for two of its drilling rigs while one jack-up unit has been warm stacked in the UK.
Ever Given owners, Suez Canal Authority hammer out compensation deal
Owners of the 20,000 TEU containership Ever Given, which has been stuck in Egypt for months following its grounding in the Suez Canal, have reached an agreement in principle with the canal authority over the compensation claim. “Together with the owner and the ship’s other insurers we are now workin
TGS acquires three Polarcus 3D multi-client seismic surveys
Norwegian energy data and intelligence provider TGS has acquired three 3D multi-client seismic surveys of Polarcus offshore Australia.
BP fires up the fourth of five major projects expected in 2021
Oil major BP has started production at the fourth of five major projects expected to be delivered globally in 2021.
Norway offers four licences to seven oil & gas players
Seven oil and gas companies have been offered four production licences located offshore Norway as part of the country’s 25th Licensing Round.
Baker Hughes and Borg CO2 to collaborate on Norwegian CCS hub
Oilfield services major Baker Hughes and Norwegian carbon capture and storage developer Borg CO2 have signed a memorandum of understanding (MOU) to collaborate on a CCS project to serve as a hub for the decarbonization of industrial sites in the Viken region of Norway.
Teledyne Optech makes first delivery of CZMIL SuperNova
Teledyne Optech has delivered its next-generation geospatial bathymetric lidar CZMIL SuperNova to Norwegian mapping firm Terratec. Terratec is the first private company to acquire the CZMIL SuperNova since Teleydne Optech launched it in mid-June. “Terratec is excited to be the first customer worldwi
Eco Wave Power files preliminary prospectus for $9M IPO on U.S. Nasdaq
Swedish-Israeli company Eco Wave Power Global (EWPG) has filed a preliminary prospectus for a contemplated $9 million initial public offering (IPO) of shares for trading on Nasdaq in the United States.
TECO 2030 raises more funds for its fuel cell development
Norwegian engineering and equipment development company TECO 2030 ASA has raised NOK 20 million ($2.3 million) through a private placement of 3.2 million of new shares. The shares were issued at a price of NOK 6.164 per share to three new investors. “We intend to use the net proceeds from the privat
EnQuest renews Kittiwake gig for Petrofac
Petrofac will build on its 18-year tenure supporting the Kittiwake platform, following the award of a contract extension from EnQuest.
MPC Container Ships to acquire Songa Container in $210m deal
Norwegian containership owner MPC Container Ships ASA has entered into a share purchase agreement to acquire compatriot Songa Container AS for $210.25 million on a debt and cash-free basis. Upon closing of the deal, Songa’s fleet will comprise 11 container vessels with an average size of 2,250 TEU a
Valaris rig booked for three-year job in Qatar
Offshore drilling contractor Valaris has been awarded a three-year contract with North Oil Company offshore Qatar.
3 reasons electrification of ships makes sense
Electrification and hybridization of ships have been picking up in the industry for a while now, being the predominant choice for short-sea shipping. There are several solutions on the market to choose from such as shore power connection, battery hybrid solutions, shaft generators, or alternative el