Business & Finance
Neptune begins final drilling campaign at Duva field
Neptune Energy has started drilling operations on four production wells on the Duva field in the Norwegian sector of the North Sea.
Equinor charters Havila platform supplier
Havila Shipping has been awarded a contract from compatriot oil giant Equinor for one of its platform supply vessels (PSVs).
Ireland: Barryroe farm-out terminated over funding issues
Oil and gas company Providence Resources has terminated its farm-out agreement with SpotOn Energy for the Barryroe project off Ireland.
Rystad downgrades peak oil demand to 101.6 million bpd in 2026
Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.
Autonomous marine navigation startup Orca AI raises fresh funding
Orca AI, an AI-based navigation and collision avoidance solution, has raised $13 million in Series A funding, taking its total raised to over $15.5 million.
Halliburton and Baker Hughes optimistic despite lower revenues
Halliburton and Baker Hughes have both seen a decrease in quarterly revenues but the companies are optimistic about the rest of 2021.
Aker BP gearing up for Barents Sea well
Norwegian Petroleum Safety Authority has given consent to Aker BP for drilling in the Barents Sea, using the Deepsea Nordkapp rig.
Sustainable Marine, German partners to advance tidal turbine blades
UK-based marine energy company Sustainable Marine Energy is adopting cutting-edge aerospace and wind energy technology in a new project set to drive the evolution of tidal turbine blades.
Focusing on productivity and sustainability
While dredging is often seen as a dirty and unattractive business, it plays a vital role in keeping ports and waterways around the world open for commerce, transport and recreation. Every year, billions of tonnes of sediment are carried down rivers and along coastlines where they settle onto sea and
Petronas assigns development of two fields to Vestigo
Petronas has awarded the PSC for two offshore fields under the newly introduced Small Field Asset PSC terms, to Vestigo Petroleum.
Resen Waves, Ulstein Belga Marine team up for smart power buoys
Danish wave power company Resen Waves has signed a partnership agreement with Ulstein Belga Marine to deliver smart power buoys to the Brazilian offshore energy industry.
Equinor to put new oil & gas find on stream immediately
Equinor and partners Total and Vår Energi have struck oil and gas in a new segment belonging to the Tyrihans field in the Norwegian Sea.
Stabilis reaches record quarterly revenue and LNG deliveries
U.S. small-scale LNG and hydrogen provider Stabilis Solutions posted record preliminary first quarter 2021 revenues in the range of $17.5 million to $17.8 million and an increase in LNG delivery.
Remus ditches FAR takeover plans amid lack of funding
Remus Horizons will not be making a takeover offer for FAR, which would have given it access to the Sangomar project off Senegal.