Business & Finance
Kongsberg sets up separate business area for ocean space mapping
Kongsberg has established a separate business area for its robotics and sensor technology called Kongsberg Discovery, designed to map and monitor ocean space. Sensors and Robotics, previously a division under Kongsberg Maritime, is now being separated and established as a separate business area. “Su
Havkraft gets financial backing to advance wave energy business
Norwegian company Havkraft has secured funding support to further advance its wave energy technology and projects.
BW Offshore offloads FPSO in pursuit of floating energy investments
Norway’s FPSO operator BW Offshore has completed the sale of an FPSO to a buyer, whose name was not revealed.
As windfall taxes make things ‘difficult’ in UK and Dutch sectors, Kistos knocks on Norway’s door with new acquisition
Kistos is entering into the Norwegian Continental Shelf, after reaching a conditional agreement to acquire Norway’s Mime Petroleum.
OEG Offshore buys compatriot subsea cable specialist
UK’s OEG Offshore has acquired compatriot Pelagian, a provider of consultancy, engineering and installation management services to the submarine cable and offshore renewable energy industries. With the acquisition, OEG stated it was better equipped to support the cable sector across different end ma
Norway’s March output brings more oil but less gas
Even though Norway recorded an increase in oil production in all segments in March 2023, the gas production is below the NPD’s predictions.
Danes launch remotely operated towed vehicle for autonomous USV systems
Danish engineering company EIVA has launched a new remotely operated towed vehicle (ROTV) tailored for autonomous unmanned surface vehicle (USV) systems. The ViperFish ROTV is an all-in-one sensor platform for high-resolution data collection by USV, which is said to be able to survey hard-to-reach a
Maritime to benefit from EUR 2 billion fund to decarbonize
The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur
Shell brings North Sea field back online, as FPSO revamp enables gas production alongside oil
Shell has completed the restart of operations at a field in the UK North Sea, after ensuring gas will be produced along with oil.
Oil & gas work ‘key revenue driver’ for DeepOcean, with offshore wind outlook positive
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 mill
Wintershall Dea gets nod to spin the drill bit in Norwegian Sea
Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.
Potential delay on the cards for completion of drilling ops at UK North Sea well
IOG plc has encountered a challenge that could extend its previous drilling duration timeline for the second Blythe production well.
UK awards storage licence for depleted gas field in East Irish Sea
dCarbonX has been awarded a gas storage licence in the East Irish Sea by the UK’s regulator, North Sea Transition Authority (NSTA).
FPSO leaves UK port after nearly three years – gallery
After being warm stacked for close to three years, a cylindrical FPSO has sailed away from the UK’s Kishorn port (KPL).