Business & Finance

Registration open for Offshore Energy 2021
The registration for Offshore Energy Exhibition & Conference 2021 is now live! The event, to be held on 26 & 27 October in Amsterdam RAI, the Netherlands, will attract thousands of offshore professionals and hundreds of exhibiting companies. Go to registration.offshore-energy.biz to register.

Oceania, Kanfer to build ammonia-ready LNG bunkering vessel
Kanfer Shipping AS, a Norway-based shipping company focusing on small-scale LNG and LNG bunkering, and Australia’s Oceania Marine Energy have signed a Letter of Intent (LOI) to build an ammonia-ready LNG bunkering vessel. The two companies said the vessel was part of their strategy to develop a long

European Council OKs extension of Danish tax cut for shore power
The European Council has approved an extension of the Danish scheme for reduced tax charges for shore power for ships until June 2027. The scheme, which was due to expire in June this year, is being extended amid considerable backing from Danish shipping companies. The extension of the scheme for on

Three-year deal for JDC rig working on Qatar’s largest offshore oil field
Offshore rig operator Japan Drilling Co. (JDC) has been awarded a drilling contract for a jack-up rig for operations offshore Qatar.

High hopes for Gambian well as FAR executes rig contract
FAR Limited has contracted a Stena Drilling-owned rig to drill the Bambo-1 exploration well, located on its acreage offshore The Gambia.

Protesting against oil, Greenpeace activist drops out of sky during EURO 2020, injures several people
Several people were injured after a Greenpeace activist, protesting against oil, parachuted into the Allianz Arena in Munich before a football match in EURO 2020.

Hurricane hires Stena rig for Lincoln P&A, restarts Lancaster well
Hurricane Energy has hired a Stena Drilling-owned rig for plug and abandonment of the Lincoln-14 well, located off the UK and restarted at Lancaster.

Chevron books Shelf Drilling rig for Angola ops
Offshore drilling contractor Shelf Drilling has secured a contract for one of its jack-up rigs to work for Chevron in Angola.

Proserv buys Dron & Dickinson Middle East arm
Controls technology company Proserv Controls has bought the trade and assets of Dron & Dickson Electromechanical Contracting (DDEC).

Three60 Energy names ex-Wood man as engineering director
Aberdeen-based energy services company Three60 Energy has appointed a new engineering director who joins the company’s engineering, procurement, construction, and commissioning (EPC&C) team.

Greeks gather South Kavala underground gas storage technical team
The Hellenic Republic Asset Development Fund (HRADF) has awarded a trifecta of contracts for the planned underwater natural gas storage (UGS) at the South Kavala gas field offshore Northern Greece. The South Kavala gas field covers an area of 5 square kilometers and is located in the Gulf of Kavala,

Johan Sverdrup field to produce more oil than expected after phase 2 startup
In addition to a reduction in a full field breakeven oil price, Equinor expects to see an increased production capacity at its Johan Sverdrup field.

CPS defect on inter-array cables hits RWE’s UK offshore wind farm
One more developer has joined the battle with inter-array cable issues that continues across the offshore wind industry, as RWE and its consortium partners behind an offshore wind farm in the UK have discovered a defect in the cable protection system on multiple locations along several inter-array c

Borr Drilling and Pemex making changes to rig JVs
Borr Drilling has made changes to its JVs in Mexico, exiting the integrated services JVs and becoming a majority owner in the drilling services JVs.