Business & Finance

UK union urges talks before offshore drillers and contractors vote to down tools
Before a dispute over wage demands escalates into industrial action, the UK’s Unite the union has called the UKDCA to engage in negotiations.

New rig developed by Huisman can be powered by floating wind
Huisman has developed a harsh environment semi-submersible rig design, which can be powered with onshore-produced hydroelectricity but also with floating wind turbines.

Fugro brings innovation to Arklow Bank offshore site investigations
Fugro has completed fieldwork on a geotechnical site investigation for SSE Renewables’ Arklow Bank Wind Park Phase 2 located approximately 6 to 13 kilometers off the coast of Ireland. The offshore investigation works were performed aboard DEME’s jack-up vessel Neptune over an eight-week period. Fugr

Eni makes ‘significant gas discovery’ off Cyprus
Italian oil and gas company Eni has made what it says is a significant gas discovery in the Cronos-1 well located offshore Cyprus.

Saipem adds subsea drone to deal with Oil Spill Response Limited
Saipem and Oil Spill Response Limited (OSRL) have signed an extension of their existing services agreement to include the provision of Saipem’s FlatFish underwater drone for environmental monitoring and inspection of asset integrity. The existing contract between the parties provides for the storage

Oil & gas maintenance managers facing equipment and procedure challenges
In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

Norway sees slightly higher oil & gas output in July
Norway saw a slight increase in oil & gas production in July compared to figures from June 2022, but oil output is still below predictions.

In focus: A snapshot of the future of offshore energy
A closer look at this week’s snapshot of the most recent energy transition-related developments reveals an outline of what the future may hold for the sector.

Utilisation for 7th-gen drillships now close to full capacity, Maersk says
Maersk Drilling believes that the global floater market will continue to benefit from an ongoing recovery.

Germany allocates €30 million per year for zero-emission vessels
Germany’s government has unveiled its decision to allocate millions of euros for the development of zero-emission vessels and support digitalisation in shipbuilding.

Focus on energy transition to spur offshore accommodation demand
Offshore accommodation rig provider Prosafe believes that the focus on energy transition will contribute to further demand.

Minesto grows half-year loss
Swedish marine energy company Minesto has recorded a wider net loss for the first six months of 2022, as opposed to the same period a year earlier.

Ashtead inks rental deal with RTS, invests in new technology
Ashtead Technology has signed a rental agreement with RTS, a provider of electronic engineering equipment for the underwater industry, and invested in new technologies as part of its commitment to the global subsea rental market. Under the agreement, Ashtead Technology will have access to the RTS-ow

Turkish drillship kicks off drilling operations in Mediterranean
Following an official send-off last week, Türkiye’s fourth drillship has kicked off drilling operations on its first-ever offshore exploration well.