Business & Finance
Viking Line: Maritime operations using the old model are not economically sustainable
The global maritime industry faces unprecedented challenges due to rapidly changing market conditions and technological advancements driven considerably by the ever-stricter environmental regulations. The current model of maritime transport operations, which relies heavily on traditional practices,
Halliburton backs Repsol with well construction suite
Spanish oil company Repsol has implemented a well construction solution from Halliburton in order to automate and streamline its well design process. According to Halliburton, the Landmark DecisionSpace 365 Well Construction Suite and Digital Well Program will help Repsol standardize its well design
Aker BP gearing up to spin the drill bit off Norway
Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the Norwegian Sea.
New partnership Terranova NV to boost green hydrogen production in Belgium
Partnership Terranova Hydrogen NV, comprised of Jan De Nul Group, DEME Group, and Aertssen Group, has joined forces with Luminus and Nippon Gases to build and exploit an installation for the production of green hydrogen on the ‘Zonneberg’ in Zelzate, Belgium. The partnership announced they want to w
Neptune developing digital twins for two more North Sea platforms
Eserv will boost Neptune’s portfolio of digitised assets to 14 by creating digital twins of two offshore platforms in the Dutch North Sea.
Keel laid for Prysmian’s new cable-laying vessel
Prysmian and Vard have held the keel-laying ceremony for Prysmian’s new 171-meter cable-laying vessel which is set to start commercial operations by April 2025. The new vessel is identical to the Leonardo da Vinci, which was designed with input from Prysmian’s technicians and engineers. Prysmian exe
NEO Energy farming into UK player’s North Sea oil project
Jersey Oil & Gas (JOG) has agreed to farm out a partial stake in an asset on the UK Continental Shelf (UKCS) to NEO Energy.
Shell, Harbour Energy to be hit as 150 contractors prompt ‘tsunami’ of offshore strike action
Over 20 oil and gas platforms are expected to bit hit as around 150 Sparrows Offshore Services’ contractors are set to start strike action from today, 5 April, UK’s Unite the union reported. A series of stoppages will continue up to 9 June by Sparrows’ contractors in a dispute over pay. The strike a
Subsea Technology & Rentals targets stronger APAC presence with new facility
Subsea Technology and Rentals (STR) has made an investment into new premises in Singapore, triple the size of the previous facility, as part of the goal to strengthen its presence in the APAC region. STR has moved to a larger 10,000 square feet facility, three times the size of its previous premises
Modus Subsea Services gets £5 million term loan
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Fredriksen takes lion’s share in Euronav
Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
North Sea helicopter services provider changes hands
South Africa-headquartered aviation industry player Ultimate Aviation has completed the acquisition of North Sea-focused helicopter services provider for the oil & gas industry Offshore Helicopter Services (OHS). The acquisition is effective immediately and will see OHS continue operating under its
UK oil & gas firm expanding its portfolio with more North Sea fields and prospects
Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has entered into a farm-in agreement with Hartshead Resources.
Pursuing stable energy supplies by preventing and curtailing offshore incidents
What should organisations and energy players do to prevent offshore accidents to ensure the security and stability of the energy supply?