Business & Finance
Repsol’s North Sea field secures life extension
Repsol has received consent from Norway’s offshore safety regulator for the life extension of a field in the North Sea off Norway.
‘Terrible maritime chapter’ closes as Fugro locates 80-year-old WW2 shipwreck
Fugro has taken part in a mission to locate the wreck of a World War II ship 81 years after sinking, reported as one of the worst international maritime disasters in history. Fugro started the search for the Montevideo Maru transport ship on 6 April onboard the hydrographic survey vessel Fugro Equat
Equinor cleared to dispatch Odfjell Drilling rig for ops in Norwegian Sea
Equinor has received consent from Norway’s regulator to use one of Odfjell Drilling’s rigs for drilling ops in the Norwegian Sea.
Navigator Gas signs gender diversity-linked loan facility agreement
Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V
Saipem slapped with regulatory order for semi-sub rig after audit finds ‘serious’ breaches
The Norwegian offshore safety regulator has carried out an audit of Saipem and followed it up with an order.
Argeo inks contract extension for Hugin AUV
Marine survey contractor Argeo has signed a contract extension for the Hugin 6000 autonomous underwater vehicle (AUV). The project, which started on 1 September 2022 with a minimum guaranteed duration of six months and a six-month extension, has now been extended to 1 March 2024. The initial contrac
Shelf Drilling secures work in Norway for recently acquired jack-up rig
Shelf Drilling has been awarded a new contract for one of its jack-up rigs by Equinor for operations on the Norwegian Continental Shelf.
Core Power breaches funding milestone of $100 million
The UK-based Core Power has reached its $100 million funding milestone to develop new nuclear technology for the maritime industry. The funding has been provided by the shipping industry, shipyards, shipowners, charterers, etc, according to the company’s CEO, Mikael Boe, with a large share coming fr
Global Marine CEO takes the helm of UK subsea cable producer
UK-based high-voltage direct current (HVDC) cable manufacturer and installer XLCC has appointed a new chief executive officer (CEO) from Global Marine Group to drive business growth. According to XLCC, the appointment of Ian Douglas as CEO takes the company into the next phase of its evolution, the
TotalEnergies prolongs Havila vessel’s stay in Denmark
Havila Shipping has secured a contract extension for one of its platform supply vessels (PSVs) with TotalEnergies.
Neptune kicks off production from oil & gas field off Norway
Neptune Energy has brought on stream an oil and gas field in the Norwegian Sea off Norway, which has been tied back to Equinor’s platform.
Maersk Growth invests in Danish biofuel producer
Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has together with VÅR Ventures, invested in Kvasir Technologies, a Danish technology company developing a proprietary technology for the production of carbon-neutral biofuel from non-edible biowaste material. The company has raise
EU sets the stage to throw fossil energy imports into its methane emissions regulation
The European Parliament’s Environment and Industry Committees have voted to extend the scope of the methane emissions regulation.
Aquaterra unveils another tool for CCS developments
Aquaterra Energy is expanding its riser and connector portfolio with the addition of a completions and workover system that will support carbon capture and storage (CCS) developments. According to the company, the end-to-end solution will allow operators to safely perform workover and intervention o