Business & Finance

Saipem nets new deal with Qatargas worth over $1 billion
Saipem has received from Qatargas a letter of award worth over $1 billion related to the North Field Production Sustainability Pipelines Project.

NOF launches offshore wind database
NOF has launched an offshore wind projects database for the UK supply chain to easier reach opportunities in the sector. The NOF Offshore Wind Projects Database provides access to critical project data, an insight into the industry’s key players, forecasts of market development and supply chain spen

Odfjell to drill one more well for Equinor
Norwegian oil major Equinor has awarded more work to a semi-submersible rig owned by offshore rig owner Odfjell Drilling.

Scotland readies £4 million green jobs call
Scottish Enterprise has announced the first in a series of upcoming grant funding calls designed to help support economic recovery and stimulate the creation of new green jobs in Scotland.

Offshore vessel owner buys 1 per cent of Noble Corp.
Cyprus-based offshore vessel operator S.D Standard Drilling has secured a 1 per cent ownership in offshore drilling contractor Noble Corporation.

OMV cleared to use Maersk rig for North Sea well
Norway’s regulator Petroleum Safety Authority has granted OMV consent to drill an exploration well in the North Sea, using Maersk Drilling’s jack-up rig.

Beach Energy in another exploration success with fresh gas discovery
Australian Beach Energy has made a gas discovery at the Artisan 1 well located in licence VIC/P43 offshore Victorian Otway Basin in Australia.

SOFEC CEO to retire after 29 years of service
President and chief executive officer (CEO) of offshore mooring systems provider SOFEC has decided to retire from the company after 29 years of service.

Petronas hires two Velesto rigs in $21 million deal
Offshore drilling contractor Velesto Drilling has won a drilling services contract worth nearly $21 million with oil giant Petronas Carigali.

UK unveils £20M fund to propel green shipbuilding
The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality.

Aker BP to use another one-year option for Odfjell rig
Aker BP has exercised the second 12-month option for the Deepsea Nordkapp rig under a contract entered into between the parties in April 2018.

Court allows Vantage to manage four Seadrill Partners’ floaters
A bankruptcy court has approved an agreement between Seadrill Partners and Vantage Drilling under which Vantage will manage four Seadrill Partners’ floaters

Centus orders fast crew boat duo from Strategic Marine
Singapore’s shipbuilder Strategic Marine has secured a contract to build two 42-metre fast crew boats (FCB) for Malaysian vessel operator Centus Marine.

SSY: FFAs to play a key role in LNG market
Shipbroker Simpson Spence Young (SSY) claims forward freight agreements (FFAs) will play an integral role in the volatile LNG market.