Business & Finance
Empyrean taps AGR for Jade prospect well planning
Empyrean Energy has awarded a contract to the Australian team of AGR to assist with well planning and engineering for the Jade prospect drilling offshore China.
MCB bankrolls Senegal’s use of floating LNG power plants
The Mauritius Commercial Bank (MCB) is facilitating Senegal’s transition to LNG for its electricity production through its $60 million participation in Karpowership operations.
Argeo secures survey work, orders newbuild AUV
Norwegian marine survey contractor Argeo has ordered a newbuild SeaRaptor 6000 autonomous underwater vehicle (AUV) from Teledyne Gavia, in parallel with securing a deep-water survey contract in the Pacific region.
Siem Spearfish set for subsea job in Gulf of Mexico
Norwegian subsea shipping company Siem Offshore has signed a contract with an undisclosed subsea construction company for an offshore project in the Gulf of Mexico.
Equinor and partners to invest $384 million in Barents Sea project
Equinor and its partners Petoro, Total, Neptune, and Wintershall Dea have decided to develop the Askeladd Vest project off Norway.
HyNet North West granted £72m for net-zero push
UK’s hydrogen and CCS project HyNet North West has received £72m funding, marking a major step forward in UK’s drive to net-zero.
OMV Petrom to operate Black Sea block if Romgaz takes over Exxon’s share
In case Romgaz finalizes the takeover of the Neptun Deep project from ExxonMobil, Romania’s OMV Petrom will become the operator.
Shelf Drilling lands three-year rig job in India
Shelf Drilling has received a three-year contract for one of its jack-up drilling rigs with Oil and Natural Gas Corporation (ONGC) in India.
Talos plans to redo Bulleit well in shallower sand
Talos Energy plans to recomplete its Bulleit well, in the Gulf of Mexico, in the shallower DTR-10 sand and to move away from the MP sand.
Fugro bags offshore wind contracts in South Korea and U.S.
Fugro has been awarded contracts in the offshore wind sector in South Korea and the U.S., according to the company’s results for the first quarter of 2021. In South Korea, Fugro has won a contract for a site investigation programme for a floating offshore wind farm. The company did not disclose any
Aker and Strathclyde Uni collaborating on wind turbine blade recycling
Aker Offshore Wind, Aker Horizons and the University of Strathclyde have signed a Memorandum of Understanding (MoU) to collaborate on accelerating recycling glass fiber used in wind turbine blades. The aim of the MoU is to drive forward the development of recovery processes for used glass fiber prod
CGX picks Maersk rig for Guyana well
Maersk Drilling has been awarded a one-well contract by CGX Resources for the semi-submersible rig Maersk Discoverer for drilling off Guyana.
Minesto widens first quarter loss
Swedish marine energy developer Minesto has recorded an increase in net loss for the first quarter of 2021, when compared to the financial results for the same period posted a year before.
New projects boost CNOOC output
Chinese oil and gas giant CNOOC Limited recorded a production increase in the first quarter of the year driven by new project start-ups.