Business & Finance
European firms ink deal for USVs
Ashtead Technology, the UK-headquartered international subsea rental equipment and solutions specialist, has entered into a multi-year rental agreement with Maritime Robotics, a Norwegian provider of unmanned technology solutions.
Blue World Technologies introduces methanol fuel cell-based power generator
Danish fuel cell developer and manufacturer Blue World Technologies has launched CellPack™ Stationary, a methanol fuel cell-based power generator. According to Blue World, with high efficiency, a continuous power output, a pure methanol fuel system, and IoT-based remote monitoring, the CellPack™ Sta
‘Major’ oil and gas operator picks UK firm to back P&A campaign
UK-headquartered supplier of downhole sealing solutions and technology BiSN has secured a contract with what it describes is a “major oil and gas operator” to deploy its alloy barrier technology in the North Sea. Under the three-year contract, which features two one-year extensions, BiSN will provid
New task for Equinor to address nonconformities on FPSO
Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.
Shell doubles profit in 2022 to record-breaking $40 billion
Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.
‘Abundance’ of gas pay at Black Sea well exceeds expectations
Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
On emission reduction quest, Odfjell Drilling furnishes rig with new upgrade
Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.
Euronav says ousting of entire Supervisory Board not a good idea
Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m
Minesto looks to strengthen its financial position through rights issue
Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.
Lukoil hits production milestone in Caspian Sea
Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi
OEUK calls for more action to help accelerate shift to low carbon energy
Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover
ForestWave takes over Symphony Shipping and its Ecobox fleet
Groningen-based shipping company ForestWave has completed the acquisition of Symphony Shipping and its fleet of eight Ecobox vessels. The transaction pushes its owned fleet to 24 units with a total of 248.197 dwat, including three newbuilding vessels that will be delivered in the next two years. One
PSV to undergo conversion to back subsea and decommissioning activities
Dutch Wagenborg Offshore has signed a long-term agreement with an “energy major” for a platform supply vessel (PSV) that will be converted into a multipurpose offshore vessel set to support subsea activities and decommissioning works. A young PX121 PSV will be converted into a multipurpose offshore
Authorization procedure launches for new Adriatic link
Italy’s Ministry of Environment and Energy Security has launched the authorization procedure for the construction of a new direct-current submarine power line connecting the regions of Abruzzo and Marche. The 1 GW Adriatic Link will run for a total of approximately 250 kilometers, made up of two sub