Business & Finance
BW Offshore sells FPSO while pursuing redeployment opportunities
Norway’s FPSO operator BW Offshore has decided to sell one of its FPSOs, which it recently marked as a redeployment candidate.
Results ‘above all expectations’ as Prysmian reports best year ever
Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, w
Shell cleared for removal and disposal ops at North Sea field
Shell has received consent from Norway’s regulator for removal and disposal operations, as part of decom activities on a North Sea field.
Pushing for cleaner oil & gas production pays off, as UK North Sea flaring gets halved
UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.
IMCA takes measures in response to increase in false ROV training certificates
International Marine Contractors Association (IMCA) has launched a new approval process for remotely operated vehicle (ROV) introductory training courses due to an increase in false certificates. IMCA reported on 9 March that it had introduced a new scheme to address the safety concerns of this unau
Gasgrid reduces number of planned LNG import slots at Inkoo terminal
Finnish transmission system operator Gasgrid Finland has reduced the total number of planned LNG import slots at the country’s first FSRU-based terminal for Q2 and Q3 2023. Finland’s floating LNG terminal is located in the port of Inkoo where Excelerate Energy’s floating storage and regasification u
James Fisher and Østensjø Rederi ink seasonal vessel charter agreement
UK’s James Fisher Subtech (JF Subtech) has signed a seasonal charter agreement with Norwegian vessel operator Østensjø Rederi for the exclusive use of its inspection, repair and maintenance (IRM) and construction vessel. The agreement will see the Edda Savanah mobilized in April for work in the Nort
Wintershall Dea gives more work to Eidesvik PSV
Eidesvik has secured a contract extension for one of its PSVs with Wintershall Dea, enabling the vessel to continue working off Norway.
Following growing offshore wind demand, DEME subsidiary charters Mainport Geo
DEME Group’s subsidiary G-tec has signed a multi-year charter agreement with Irish Mainport Holdings for its DP2 survey vessel Mainport Geo, following growing demand from the offshore wind industry. G-tec said that the new vessel will enable it to further enhance its site investigation techniques. T
Instead of killing ‘the golden goose,’ UK politicians urged to work with oil & gas industry for balanced transition
The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.
History written offshore Denmark: First CO2 storage in the North Sea
INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in
Two North Sea wells lined up for Equinor
Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.
Kraken Robotics and N-Sea working together in the North Sea
Kraken Robotics is set to support N-Sea with cable burial survey services during cable inspection and remedial burial campaign for an interconnecting power cable asset in the North Sea. Kraken Robotics has mobilized its 3D acoustic Sub-Bottom Imager (SBI) survey sensor to a vessel under the control
Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn
Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.