Business & Finance
Havila Shipping selling 2009-built subsea vessel
Norwegian offshore vessel owner Havila Shipping has entered into an agreement with an undisclosed party to sell the subsea vessel Havila Phoenix. The sale will take place when the existing contract for the vessel is completed, expected at the end of the fourth quarter of this year. Havila Shipping w
Dolphin Drilling raises $45 million for rig mobilisation & reactivation
Dolphin Drilling has undertaken an equity issue to take advantage of increased day rates in the offshore drilling market.
Russia keeps Nord Stream 1 shut, no hints of reopening
Russia’s state-owned gas company Gazprom has not reopened the Nord Stream 1 pipeline as planned due to “technical problems” and has not revealed when this major gas flow to Europe will start again. Gas deliveries via Nord Stream 1 from Russia to Germany closed on 31 August due to maintenance and the
North Sea platform reaches recycling yard
After 30 years in the North Sea, Equinor’s Veslefrikk B platform has now reached a yard where it will be recycled.
USV survey starting at proposed 1 GW offshore wind project in Ireland
An unmanned surface vessel (USV) survey is set to begin this month at the Braymore Wind Park site located offshore Ireland. Trial operations of remotely piloted XOcean USVs will take place in the Balbriggan and Drogheda Bay area during September and October for approximately six weeks, subject to we
QED Naval eyes new operations base on UK’s south coast
Scottish marine energy specialist QED Naval is looking to establish its mainland operations base on the UK’s south coast.
North Sea TSO on the lookout for cable repair provider
Dutch-German transmission system operator (TSO) TenneT is looking for a contractor to deliver nearshore and offshore subsea cable repairs. Under the service level agreement, the selected party will be in charge of the preparation and execution of nearshore and offshore services within the scope of r
Two Norwegian Sea wells on Equinor’s drilling agenda for November
Equinor has secured a drilling permit from the country’s authorities for two wells located in the Norwegian Sea.
The largest single UK decom job to date goes to Pioneering Spirit
Allseas has been awarded a major decommissioning contract by TAQA UK for the removal and disposal of multiple Northern North Sea facilities.
Study uncovers four potential electrification paths for oil & gas assets
A study, undertaken to assess potential routes for electrification of oil and gas platforms, has found four options to make this happen.
Valaris to bag nearly $150 million from new contract awards
Offshore drilling contractor Valaris has revealed new contracts and contract extension awards, with an associated backlog of $149 million.
EEL Energy closes fundraiser with new investors on board
French pioneer of membrane-based tidal energy converters EEL Energy has closed an equity round, securing existing shareholders’ support and brining new international investors to the company.
Noble-Maersk merger gets clearance from UK regulator
UK’s competition regulator has now completed its review of the business combination between Noble Corp. and Maersk Drilling.
New CEO takes over the rains at Repsol Sinopec
Repsol Sinopec Resources UK has appointed a new Chief Executive Officer (CEO) as its previous one is relocating to Spain.