Business & Finance

DOF finds long-term jobs for platform supply trio
Norwegian offshore vessel owner DOF Group has been awarded new contracts for three of its vessels in support of operations in the UK and Guyana.

Another Norwegian company sets lofty offshore wind goals, prepares for Oslo Stock Exchange
Integrated Wind Solutions (IWS), a newly established offshore wind service company currently wholly owned by the Awilhelmsen Group, opened a bookbuilding period in relation to private placement of shares on 18 March, ahead of listing on Oslo Stock Exchange, expected to take place around 25 March. Th

Zentech gets new job linked to jack-up rig conversion for BW Energy
Houston-based Zentech has been awarded a contract by BW Energy related to a conversion of a jack-up rig to an offshore installation.

TechnipFMC targets floating wind with Magnora tie-up
TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. In Januray, Magnora revealed it had entered into a partnership to establish the joint venture, but at the time did not disclose t

Murphy Oil completes sale of King’s Quay FPS
U.S. oil and gas company Murphy Oil has closed the sale of its entire 50 per cent interest in the King’s Quay floating production system (FPS) and associated export lateral pipelines to be located in the Gulf of Mexico.

Only minor oil shows for Tullow in Suriname well
Oil and gas company Tullow Oil has encountered good quality reservoir but only minor oil shows at its exploration well located offshore Suriname.

Former EY man becomes finance director at 3t Energy
Training firm 3t Energy Group has appointed a new finance director for its training division to drive global growth plans.

TMC to deliver compressor system to FPSO Anita Garibaldi
Norway-based compressor supplier TMC Compressors has been contracted to supply a marine compressed air system for the Brazil-bound floating, production, storage, and offloading vessel (FPSO) Anita Garibaldi.

Marathon Oil adds former Select Energy CEO to board of directors
Houston-based oil and gas company Marathon Oil Corporation has made a new addition to the company’s board of directors.

OSSO temperature control tech set for Neptune’s Seagull development
Fluid temperature control and separation solutions provider OSSO has been awarded a contract by Neptune Energy to deploy its high-volume mud cooler technology for the Seagull campaign in the UK Central North Sea.

UK gov’t supports HyNet carbon capture storage project with over $45 million
Italian oil company Eni has revealed that the UK Government granted £33 million ($45.85 million) to support the HyNet project focused on the decarbonisation of the industrial district in the North-West of England with CO2 capture and storage.

Ørsted picks temporary staff supplier for German offshore wind farms
Ørsted has awarded ERSG with a contract to supply temporary staff for its offshore wind farms in Germany, following a tender issued in September 2020. The scope of work includes staff for offshore operations and logistics, commissioning, project management roles, QHSE, and engineering, separately fo

Serica Energy spuds Columbus well off UK
Oil and gas company Serica Energy has started drilling the Columbus well located in the North Sea using a Maersk Drilling-owned jack-up rig.

Odfjell rig lands more work with Equinor
Offshore rig owner Odfjell Drilling has been awarded more work for one of its semi-sibmersible rigs from Equinor in Norway.