Business & Finance
Subsea 7’s offer to acquire DOF’s entire issued share capital about to expire
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h
Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges
The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.
BAR Technologies wins DNV’s type approval
UK tech provider BAR Technologies (BARTech) has been awarded a full Type Approval Design Certificate (TADC) for its wind propulsion technology – BAR Technologies WindWings by Yara Marine Technologies (WindWings) – from classification society DNV. Since being awarded an Approval In Principle (AIP) fo
Gas found at TotalEnergies’ UK well but volumes most likely sub-commercial
TotalEnergies has finished drilling a prospect off the coast of the United Kingdom (UK), using one of Transocean’s semi-submersible rigs.
Teekay Tankers brings FuelOpt installation across 29 tankers
Oil shipping company Teekay Tankers has signed agreements to equip 25 additional tankers with Yara Marine Technologies’ FuelOpt propulsion optimization technology. The order follows the installation and evaluation of FuelOpt onboard Zenith Spirit in 2021, followed by a further three vessels in 2022.
Multi-million euro decom deal brings work on 13 offshore wells to UK player
THREE60 Energy has secured a well decommissioning contract to plug and abandon multiple offshore wells in Europe.
Neptune cleared to deploy Odfjell Drilling-managed rig for ops in North Sea
Neptune Energy has received consent to use an Odfjell Drilling-managed semi-submersible rig for drilling activities in the North Sea.
Go-ahead for Norwegian oil & gas firm to kick off drilling ops with Transocean rig
OKEA has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.
In focus: Transitioning to low-carbon energy future through green hydrogen corridors
This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen
Maersk’s 1st methanol-powered feeder gears up for sea trials as keel is laid for 1st larger ship from the series
The world’s first feeder vessel powered by green methanol is nearing construction completion and is getting ready to embark on its sea trials later this month. The 172-meter-long feeder was launched on April 4 at South Korea’s Hyundai Mipo Dockyard and it is being built for Denmark-based industry ma
MPCC builds a greener fleet with acquisition of five eco-design ships
Norwegian shipowner MPC Container Ships (MPCC) has finalized the acquisition of five eco-design vessels. With a total purchase price of $136.4 million, these acquisitions come with existing charter contracts from top-tier counterparties, which the company expects to solidify its revenue-generating c
More North Sea work lined up for Floatel unit
Floatel International has been awarded a new deal for one of its units, which will work for Vår Energi in the North Sea off Norway.
COSL Drilling to handle three nonconformities on rig
Norwegian offshore safety regulator has carried out an audit of COSL Drilling and its management of helideck operations on one of its rigs.
Odfjell tasked with tackling nonconformities on semi-sub rig
Norwegian regulator has carried out an audit of Odfjell’s management of the working environment and helideck operations on a semi-sub rig.