Business & Finance
Pay dispute brings ‘unprecedented’ strike action to five major UK oil & gas operators
UK’s Unite the union has revealed a 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf (UKCS).
In focus: In pressing need for GHG reduction, vessel decarbonization efforts power ahead
In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.
Mercedes-Benz, Amazon, Frankfurt Airport, Lidl & Kaufland, Vodafone – Giants in Germany lining up to buy offshore wind power
With the latest news about Lidl and Kaufland entering a long-term offshore wind power offtake contract, and Mercedes-Benz announcing the same shortly prior to that, the list of big names signing up to buy offshore wind-generated electricity in Germany keeps growing. What lies behind this are both th
GTT’s membrane tech to support PipeChina’s upcoming LNG projects
French LNG containment specialist GTT and PipeChina Innovation, a subsidiary of the state-owned PipeChina Group, have signed a cooperation agreement on GTT’s membrane technology for PipeChina’s upcoming LNG projects. The agreement was signed on the occasion of the visit of French President Emmanuel
Two new facilities and vehicle electrification in Soil Machine Dynamics’ five-year plan
Subsea robotics and engineering company Soil Machine Dynamics (SMD) has revealed its plans to exceed £100 million turnover within five years, which includes the electrification of its vehicles and two new facilities. To reach the turnover goal, SMD said it has ambitious recruitment targets and plans
GasLog and GasLog Partners ink definitive merger agreement
International owners and operators of liquefied natural gas (LNG) carriers GasLog and GasLog Partners have entered into a definitive merger agreement. Following the offer announced in January 2023, the parties now signed the agreement pursuant to which GasLog will acquire all of the outstanding comm
Damen hits record revenue of €2.5 billion
Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.
International offshore rig count on the upswing
Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units.
Green light for Vår Energi to put Floatel unit to work at North Sea field
Norwegian regulator has given Vår Energi consent to deploy one of Floatel’s semi-submersible support vessels at a field in the North Sea.
Norwegian oil & gas firm gets the go-ahead to spud North Sea prospect
DNO has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of the Odfjell Drilling-managed rigs.
Greek firm unveils its ‘most advanced’ jet-trenching vehicle
Greece-based Asso.subsea has developed what is said to be the company’s most advanced jetting remotely operated vehicle (ROV) for post-lay burial operations. The AssoJet III Mk2 is a newly built jetting vehicle for cohesionless soil, based on full in-house design. Equipped with over 1.5 MW of availa
DNO ready to deploy well intervention vessel at North Sea field
DNO has received consent from Norway’s regulator to use one of Island Offshore’s mobile offshore units (MOU) for work on a field.
Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study
Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.
CRP Subsea wins contract for Middle East submarine HVDC project
England-based CRP Subsea, part of AIS, has secured a contract to deliver cable protection services for an HVDC submarine cable project offshore United Arab Emirates in the Arabian Gulf. More than 6 kilometers of Uraduct will be used at the cable crossings and platform approaches on the HVDC system,