Business & Finance
Big money forcing Big Oil into climate change revolution
With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.
Lindblad’s National Geographic Resolution hits the water
Norway’s Ulstein Verft has floated out National Geographic Resolution, Lindblad Expeditions’ expedition cruise vessel designed for polar waters.
Giant vessel removes Morecambe Bay topsides in less than 90 minutes
Giant heavy lift vessel Pioneering Spirit has executed the single-lift removal of the DP3 gas production topsides from Morecambe Bay.
CorPower Ocean takes part in EU-funded VALID project
Swedish company CorPower Ocean has joined the consortium delivering the VALID project, focused on developing a new hybrid platform to test wave energy converters. The mission behind the VALID project is to develop a new hybrid platform to test the reliability and survivability of wave energy convert
Serica preparing to bring third Rhum well online
Serica Energy has completed a flow test on the Rhum R3 well in the UK North Sea with plans to start production in the third quarter of 2021.
Australian wells creating multi-billion opportunity for P&A, Rystad says
Australia is about to see its largest-ever wave of offshore wells that reach the end of their producing life & need to be decommissioned, Rystad says.
Kosmos Energy adds Wood chairman to its board
U.S. oil and gas company Kosmos Energy has appointed Roy A. Franklin to its board of directors, effective 9 June 2021.
Wärtsilä, RINA roll out new dual-fuel propulsion concept
Finnish technology group Wärtsilä and the classification society RINA have announced a novel propulsion design that aims to achieve “immediate compliance with IMO 2023 targets.”
Neptune to reduce need for offshore trips with virtual reality tech
Neptune Energy has completed a virtual reality pilot on its Gjøa platform, enabling teams to make highly realistic virtual visits.
COSCO mulls acquisition of HHLA container terminal
COSCO mulls acquisition of HHLA container terminal
Havfram gets FPSO mooring job at Greater Tortue Ahmeyim
Havfram has secured a contract with Technip Energies for the pre-installation and hook-up of the subsea mooring system for the natural gas floating production storage and offloading (FPSO) at the Greater Tortue Ahmeyim (GTA) project. Newly founded Technip Energies is providing the facility to BP for
McDermott makes another executive change
Offshore engineering and construction specialist McDermott has made another change to its executive team following the departure of its CEO.
Shearwater recycling seismic vessel Western Trident
Shearwater GeoServices has completed the sale of seismic vessel Western Trident for recycling as part of its fleet renewal strategy. The vessel has been delivered in Turkey for recycling in accordance with EU regulations and the 2009 Hong Kong International Convention for the Safe and Environmentall
Longboat raises funds for seven wells, reveals farm-in details
Longboat Energy has raised funds for a seven-well drilling programme and revealed the details about its farm-in agreements.