Business & Finance
Jack-up rig goes back to previous Black Sea well, as earthquakes delay delivery of tools
Trillion Energy has moved back to the previous well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
With sevenfold increase in backlog, Reach Subsea sees another ‘record’ year
Norway-headquartered Reach Subsea has achieved “record” high revenue and operating profit for the full year and fourth quarter of 2022, with its order backlog seven times higher than in the year earlier. For the full year of 2022, revenue grew to NOK 1,163 million (around €107.3 million) whereas EBI
Thumbs-up for Equinor to spud North Sea wildcat
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Two months after production start, Johan Sverdrup Phase 2 officially opens
Norwegian state-owned energy giant Equinor has officially opened the second phase of the Johan Sverdrup field located in the North Sea offshore Norway, following the start of production in December 2022. Norway’s Minister of Petroleum and Energy Terje Aasland made the official opening on 13 February
Saipem boosts financial structure and liquidity with new credit facilities
Saipem has entered into two new credit facilities totalling around €860 million with a pool of leading national and international banks.
Noble rig becomes ‘largest ever vessel’ to visit Aberdeen, as it gets ready for decom gig with BP
A Noble-owned jack-up rig, sporting legs more than 200 metres in height, has become “the largest ever vessel” to visit Port of Aberdeen.
Solstad bags new batch of contracts
Norwegian shipping company Solstad Offshore has secured several new contracts and contract extensions for its platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels.
Wavepiston launches €1.4 million crowdfunding campaign
Danish company Wavepiston has opened a second round of equity crowdfunding as it aims to finance the final stages of demonstration and commercialization of its wave energy technology.
Euronav comes out with its own proposal for Supervisory Board changes
Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, in line with the recent shifts in the company’s shareholder base. Namely, Famatown and its affiliated companies, controlled by shipping tycoon John Fredriksen, have built
Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action
Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili
Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools
More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.
GAZ-SYSTEM’s FSRU programme gains ground
GAZ-SYSTEM’s Floating Storage and Regasification Unit (FSRU) programme has made significant progress with the FSRU onshore component now holding a complete set of location decisions for a gas pipeline in Poland. According to GAZ-SYSTEM, the governor of the Kuyavian-Pomeranian Province has provided t
Subsea 7-DeepOcean consortium secures work with Equinor
A consortium of Subsea 7 and DeepOcean has secured two contracts with Equinor for the Irpa and Verdande field development projects located in the Norwegian Sea. The contract for the Irpa field development includes engineering, transportation and installation of a MEG pipeline, a production riser, um
Offshore drillers embarking on strike action at BP’s two platforms in UK waters
UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.