Business & Finance
iXblue DriX USV goes to Brazil
The recently launched Brazilian rental and service company WAMS has added iXblue’s DriX unmanned surface vehicle (USV) to its pool of equipment for underwater service and research. The DriX USV is expected to add to the company’s operational performance for shallow water hydrographic and geophysical
Serica frustrated as Columbus well expected to take longer and cost more
UK oil and gas company Serica Energy is frustrated after encountering difficulties while drilling its Columbus well in the North Sea.
Seadrill Partners sheds $2.8bn debt, emerges from Chapter 11
Offshore drilling contractor Seadrill Partners has emerged from bankruptcy after successfully completing its reorganization under its Chapter 11 plan.
Santos kicks off Bayu-Undan drilling campaign
Santos has started the Phase 3C infill drilling program at the Bayu-Undan field, in Timor-Leste offshore waters.
Three60 Energy secures seven-figure deal to aid growth
Aberdeen-based energy services company Three60 Energy has secured a seven-figure funding package to support its growth strategy.
Carbon pricing: Have we reached the tipping point?
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
Hibiscus and Ithaca mull concept for joint North Sea development
Hibiscus Petroleum and Ithaca Energy are revisiting the concept development for a pair of North Sea discoveries.
Karish first gas delayed over Covid-19 restrictions, Energean says
Energean has postponed again the first production from its Karish gas field amid new Covid-19-related restrictions in Singapore.
BP exits Shell’s Shearwater field
Tailwind Energy has agreed to acquire BP’s entire working interest in the Shell-operated Shearwater field located in the UK North Sea.
Dyna-Mac to build topside modules for Barossa FPSO
Dyna-Mac has been hired by BW Offshore to build topside modules for the Barossa FPSO, which will operate for Santos offshore Australia.
Hess takes more interest in Exxon’s Guyana block
Hess Corporation has increased its interest in an ExxonMobil-operated block located off Guyana on the back of recent oil discovery.
Eni to take over offshore field from Tailwind
Tailwind Energy has agreed to sell its entire working interest in the Conwy field in the East Irish Sea to Eni with effect from 1 July 2021.
Talos and Pemex don’t see eye to eye on Zama field unitisation
Talos Energy believes it is best positioned to operate the giant Zama field discovery located offshore Mexico.
MOL invests in Panamax bulker to transport woody biomass
Japanese shipping company MOL Co. revealed plans to buy a new Panamax type bulk carrier intended for transporting woody biomass as energy as its main cargo for domestic electric power companies. The vessel will meet the Energy Efficiency Design Index (EEDI) Phase 3 that will enter into force from 20