Business & Finance
Semi-submersible rig heading to Namibia to drill for Shell
Northern Ocean’s Deepsea Bollsta semi-submersible drilling rig is on its way to Namibia where it will work for the oil major Shell.
Neptune Energy spuds exploration well in one of its core areas off Norway
Oil and gas company Neptune Energy has started drilling the Calypso exploration well located in the Norwegian Sea.
Subsea 7 picks UK firm for welding and coating services
Subsea 7 has entered into a long-term deal with Pipeline Technique (PTL) for the provision of welding and coating services.
TotalEnergies bent on taking legal action following allegations of ‘dramatically underreporting’ emissions
After Greenpeace said that TotalEnergies’ emissions are four times higher than reported, the oil major has decided to pursue legal action.
Tripartite partnership set up for early phase offshore wind site evaluation
TGS, SAND Geophysics and Norwegian Geotechnical Institute (NGI) have entered into a strategic cooperation agreement to provide early-phase ground condition and geohazard evaluations for offshore wind farm development. The partnership aims to support wind farm front-end engineering design (FEED) stud
Jack-up rig moves to second well in Black Sea drilling campaign
Trillion has started the work planned for the second well in its 2022 – 2023 drilling campaign on a gas field in the Black Sea off Türkiye.
Strong rig demand to boost Transocean’s day rates and fleet utilisation
Transocean is expecting the demand for its rigs to remain high, leading to a further improvement in day rates and fleet utilisation.
Keel laid for Wallenius Marine’s dual-fuel Sleipner-class vessel
Longkou Shipyard in China held the keel laying ceremony for the first vessel from the Sleipner concept, which will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG. The ships, which were ordered back in 2021, are being built and will be managed by Swedish ship design and management comp
Horisont Energi and Neptune Energy eye new CO2 storage license
Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase an
UK union serves notice of action on Petrofac amid pay dispute
UK’s Unite the union has served a notice of action on Petrofac as part of an ongoing contract dispute with workers on Repsol’s assets.
New hydrogen tanker retrofit project to get financial boost from EU
Norway’s cleantech company TECO 2030, together with other partners, has received an invitation for HORIZON EUROPE funding of €5 million ($4.8 million) to realise the hydrogen-powered tanker concept HyEkoTank.
Partners to evaluate North Sea gas-condensate discovery
After completing a sidetrack well and a DST, OMV will work with its partners to evaluate a gas-condensate discovery in the North Sea
Magseis Fairfield reports positive quarter despite node handler downtime
Magseis Fairfield has reported a revenue of $99.3 million for the third quarter of 2022, up from $84.3 million in Q3 2021, despite technical downtime on a node handler and delayed start-up of a project. Revenue for the first three quarters of 2022 amounted to $277.9 million, compared to $185.9 milli
Methanol-powered Stena Promise delivered
Guangzhou Shipyard International Co Ltd (GSI) has delivered the third IMOIIMeMAX dual-fuel MR tanker powered by methanol, Stena Promise, to Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk. The shipbuilder delivered the first one, Stena Pro Patria, to its owner