Business & Finance
Spirit taps Wood for late-life solutions on Morecambe
Wood has entered into a new agreement with Spirit Energy to partner on the delivery of late-life solutions for the Morecambe Bay gas fields.
Ørsted taking part in ScotWind leasing
Ørsted is participating in the ScotWind seabed leasing round for offshore wind projects in Scotland. As part of this process, Ørsted has secured a 1.8 GW grid connection from National Grid ESO for use should it secure seabed rights following the leasing round. “Scotland has one of the most ambitious
Archer and Altus bag North Sea contract with Equinor
Equinor has awarded Archer, in alliance with Welltec Oilfield Services and Schlumberger, a contract to provide integrated wireline services.
Equinor awards one more well to Odfjell rig
Offshore drilling contractor Odfjell Drilling has been awarded more work for its Deepsea Atlantic rig by Equinor in Norway.
Solstad picks up PSV deal for work in UK North Sea
Norwegian vessel owner Solstad Offshore has been awarded a term contract for a platform supplier vessel (PSV) with an undisclosed operator.
GTT and Korea’s FTC – appeal procedure update
French LNG containment specialist GTT has been given a favorable update on the appeal procedure in a case with the Korea Fair Trade Commission.
Ex-Simec Atlantis boss to lead Global Energy Group
Energy sector service provider Global Energy Group has appointed former Simec Atlantis head Tim Cornelius to the role of group chief executive. Cornelius will be responsible for group financial performance, group strategy as well as transition management from a hydrocarbon to a low-carbon business f
DOE to assign $160M to fossil-based hydrogen projects
T The US Department of Energy’s (DOE) Office of Fossil Energy will allocate $160 million to projects to improve fossil-based hydrogen production, transport, storage and utilization. The US will authorize finances for advanced technologies for improvement of performance reliability and flexibility of
OMV Petrom invests over $38 million in new Black Sea campaign
Oil and gas company OMV Petrom is making an investment of approximately EUR 32 million ($38.6 million) in a new drilling campaign in the Black Sea.
US awarding $14.5 million for offshore wind environmental research
The U.S. Department of Energy (DOE) is allocating up to $14.5 million for environmental research to support U.S. offshore wind development. This Funding Opportunity Announcement (FOA) will support regionally-focused, coordinated research efforts to increase understanding of the environmental impacts
Shelf Drilling hit with two early contract terminations
Offshore drilling contractor Shelf Drilling has received early contract terminations from ADNOC Drilling for two jack-up rigs.
Maersk Drilling firms up Suriname contracts with Total
Offshore drilling contractor Maersk Drilling has firmed up contracts with Total for two floater rigs to be used for drilling operations in Suriname.
U.S. offshore rig count up by one unit
The number of offshore rigs in the U.S. decreased by one unit last week, according to weekly rig count reports by Baker Hughes.
Frank Coles, CEO of Wallem Group, resigns
Frank Coles, Chief Executive Officer of the Wallem Group, has resigned and will be leaving the Wallem Group shortly, the company’s board confirmed. “As many will be aware Frank has been very active in highlighting the plight of seafarers during the Covid-19 pandemic and now wishes to become more inv