Business & Finance
BP, Baker Hughes, and Odfjell Drilling in pact to maximise Clair performance
BP, Baker Hughes, and Odfjell Drilling have entered into a tripartite agreement to work together to transform activity at the Clair field.
Maersk Supply orders hybrid battery for AHTS in push to decarbonise fleet
Maersk Supply Service has ordered a battery pack for one of its M-class vessels as part of its target to reduce carbon intensity of its fleet.
Repsol and Yme partners to buy Maersk Drilling jack-up
Maersk Drilling has made plans to sell one of its jack-up rigs to Havila, which will, in turn, lease and later sell the rig to the Yme field partners.
MPS unveils crowdfunding campaign plans
Marine Power Systems (MPS) has opened pre-registration for early access to a crowdfunding campaign run by equity investment experts Crowdcube, with the public campaign due to go live in June.
Kraken receives second AquaPix sonar order from Teledyne
Kraken Robotics has received a second order from Teledyne Gavia to equip the SeaRaptor autonomous underwater vehicle (AUV) with its AquaPix SAS Sonar. To remind, last week Kraken revealed it had secured a new order for AquaPix, but did not disclose the client’s name. The sonar will be featured on th
Italian player to work on one of the largest fields in the world
Italian company has signed a five-year framework agreement with the NCOC for operations on Kashagan, one of the largest fields in the world.
CGG and Geoptic pen carbon capture and storage monitoring R&D deal
CGG has signed an R&D collaboration agreement with Geoptic to research and assess a novel borehole solution for monitoring the spread of CO2 in subsurface storage sites for carbon capture and storage (CCS). The collaboration is focused on delivering a new continuous long-term subsurface monitoring s
New agreement to speed up carbon capture and storage element of HyNet
Eni and Progressive Energy Limited have signed a framework agreement to further accelerate carbon capture & storage within the HyNet North West.
Welsh investment angels deliver £950K boost for Marine Power Systems
A syndicate of significant Welsh investment angels has completed a £950,000 investment in Swansea-based renewable energy developer Marine Power Systems.
Port of Long Beach rewards eco ships with ‘world’s highest’ bonus
California’s Port of Long Beach, the second-busiest container port in the United States, has adopted a new amendment to its Green Ship Incentive Program, now offering “the world’s most generous sustainable vessel financial incentives.”
Archer to work on P&A campaign for Wintershall Dea
Offshore services provider Archer has been awarded a plug and abandonment campaign in 2021 and 2022 by Wintershall Dea.
DNV and LS Cable & System ink subsea cable MOU
DNV and South Korean LS Cable & System have signed a non-exclusive Memorandum of Understanding (MOU) to target emerging subsea cabling opportunities in the offshore wind industry. DNV and LS Cable & System will cooperate in identifying and reducing risk early in the cable manufacturing process, impr
Seadrill positions for future with key executive changes
Offshore drilling contractor Seadrill Limited has elected a new CFO and a new COO as well as a new director to its board.
ExxonMobil loses at least two board seats to Engine No. 1
A long-lasting battle for seats on the ExxonMobil board between the company and activist firm Engine No. 1 is coming to a close with the election of ten new nominees.