Business & Finance
Pipeshield sets up grouting division
Pipeshield, a Tekmar Group company, has launched a new Grouting Division, strengthening the company’s range of subsea protection, support, and stabilisation solutions. The introduction of a new Grouting Division builds on Pipeshield’s experience in fabric formwork and grout bag solutions. It enables
JV preparing to drill Guyana well in 2H 2021
A joint venture between Frontera Resources and CGX Energy is now preparing to drill an exploration well offshore Guyana in H 2021.
Magseis Fairfield trims losses
Seabed seismic player Magseis Fairfield has narrowed it quarterly loss despite significantly lower year-on-year revenue. The Oslo-listed company generated Q3 2020 revenue of $48.4 million, down from $74.4 million same time last year. The year-on-year decline mainly reflects the significantly lower a
TechnipFMC and Technip Energies set off as independent entities
TechnipFMC today officially completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies has set its technical reference price at €9.00 ahead of its direct listing on the Euronext Par
Atlantic Endeavor working on Coastal Virginia offshore wind project
Atlantic Wind Transfers’ new crew transfer vessel (CTV) Atlantic Endeavor has begun working at the Coastal Virginia Offshore Wind (CVOW) project. Blount Boats launched the Chartwell 24 CTV the day after Christmas, after which the vessel spent three days going through sea trials and USCG inspections.
Stena Drilling orders MPD system for another drillship
Offshore drilling contractor Stena Drilling has ordered a fourth managed pressure drilling (MPD) system for the Stena Forth drillship.
DSME bags deal for boxship quartet
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of four containerships. The contract is worth KRW 486.3 billion ($441 million). DSME has set the target for this year of $7.7 billion, Yonhap reports. The order was placed by an un
Axxis Geo Solutions files for bankruptcy protection
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has decided to apply for bankruptcy protection. Axxis said on Tuesday it failed to reach agreement with all creditors in order to implement a voluntary solution to refinance the company. Earlier this year, the Oslo-listed comp
Strike averted and deal reached to avoid field shutdown
Equinor has said that there will be no strike at Mongstad refinery as the employers’ organisation and the workers’ union have managed to make a deal.
Three60 Energy picks EPC&C projects director
Energy services group Three60 Energy has announced a strategic addition to its engineering, procurement, construction, and commissioning (EPC&C) service line.
Equinor spent nearly $18 billion on suppliers in 2020
In 2020, Norwegian oil and gas giant Equinor purchased goods and services worth NOK 150.8 billion (about $17.8 billion) from around 8500 suppliers globally.
OGA takes proactive approach and launches probe into licence breach
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has opened an investigation into a possible breach of reporting requirements under a licence.
Shell picks helicopter operator for Gulf of Mexico
Oil major Shell has selected U.S. offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico. Announcing the contract on Monday, Airbus said it marks the entry into the oil and gas market of the H160 with design features promising new levels of
Offshore Wind Growth Partnership grants € 1.5 million to 12 UK companies
The Offshore Wind Growth Partnership (OWGP), established as part of the Offshore Wind Sector Deal and funded by members of the Offshore Wind Industry Council (OWIC), has awarded twelve UK companies a total of GBP 1.3 million (around € 1.5 million) in funding and business improvement support. “These