Business & Finance
NEO Energy to halve carbon intensity per barrel by 2030
NEO Energy has revealed a set of ambitions to reduce its carbon emissions as part of the energy transition plans.
EWP finalising seawall works ahead of wave energy floaters installation
Swedish-Israeli wave energy developer Eco Wave Power (EWP) is nearing completion of the reinforcement works on the seawall meant to accommodate wave energy floaters in Port of Jaffa in Israel.
FutureOn digital twin software backs Aker BP’s subsea activities
Aker BP has awarded FutureOn with a contract for its digital twin software with the aim of digitizing workflows within concept development and field development studies. Aker BP will use the software to visualize subsea data, map the design of digital twin fields, and foster greater digital collabor
Sercel to develop low-frequency seismic source as part of new acquisition
Sercel has entered into exclusive negotiations with Low Impact Seismic Sources (LISS) for the acquisition of the U.S. company. Sercel will continue to develop and commercialize the Tuned Pulse Source (TPS), an innovative marine seismic source, that LISS developed in collaboration with Shell. The TPS
Noble Corp. shares Transocean’s optimism about market outlook
Just like its rival Transocean, Noble Corp. is optimistic about the outlook with a pipeline of tender opportunities on the horizon.
Minesto raises close to €16M through fully subscribed warrants program
Swedish marine energy developer Minesto has secured SEK 161.6 million (€15.9 million) in proceeds through fully subscribed TO3 warrants program which will be used for the company’s commercial expansion.
Reach Subsea reports best-ever first-quarter results
Norway’s Reach Subsea has reported its best-ever first-quarter financial results, said to be driven by high utilization and project execution. Revenue for the first quarter of 2021 was NOK 101.8 million (approximately USD 12.2 million) compared with NOK 78.8 million for Q1 2020, primarily explained
Saipem chairman takes on chief executive role
Italian oilfield services provider Saipem has appointed the current chairman of the company as its new chief executive officer (CEO).
Industry starts $1M target emergency relief fund to tackle COVID-19 seafarer crisis
Seafarer welfare charities and shipping industry players have launched an emergency relief fund in order to support seafarers and their families devastated by the rampant COVID-19 pandemic in India and other countries.
3D at Depth buys hybrid Saab AUV/ROV
U.S.-based subsea survey services company 3D at Depth has acquired the Saab Sabertooth Hybrid AUV / ROV. 3D at Depth stated that the multi-million-dollar investment will complement its SL Subsea LiDAR laser technology systems and third party geophysical equipment. The Hybrid AUV / ROV is equipped as
Shelf Drilling nets three-year rig job in India
Offshore drilling contractor Shelf Drilling has won a contract for the Trident XII jack-up rig with the Oil and Natural Gas Corporation (ONGC) in India.
Wintershall Dea terminates West Mira rig after x-mas tree incident
Offshore rig owner Seadrill Limited has revealed that a termination notice has been received for the West Mira rig from Wintershall Dea.
Viasat buys offshore comms services provider RigNet
U.S.-based global communications company Viasat has completed its previously announced acquisition of offshore telecommunication services provider RigNet.
Valaris hauls in sixteen new contracts and extensions
The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.