Business & Finance
Filing of Ghana field development plan hampered by involvement of Russia’s Lukoil
Aker Energy is postponing the filing of its prepared development plan for the Pecan field offshore Ghana to the country’s authorities.
Canadian FPSO on track to return to home waters before year-end
Suncor has revealed that the Terra Nova life extension project is making progress and the FPSO is expected back in Canada by the end of 2022.
STR invests £1 million in new centre of excellence
Subsea Technology and Rentals (STR) has launched its global technology and innovation centre of excellence after investing £1 million (around $1.2 million) into the facility to support its growth plans. Located in Great Yarmouth, the facility will be the base of the business’ standalone technology a
EMEC collects funding for green hydrogen logistics
The European Marine Energy Centre (EMEC) has been awarded over €500,000 to secure two hydrogen tube trailers that will contribute towards the improved hydrogen supply in Orkney.
Floating solar start-up goes after seed money
French start-up HelioRec has opened a seed funding round, whose proceeds will be used to further advance its floating solar technology and business.
Rystad: 2022 high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’
Rystad: Drilling success rate is set to rebound this year with the potential to result in one of the highest hydrocarbon volumes total on record.
Exowave and Semco Maritime form strategic partnership for wave energy
Danish wave energy start-up Exowave has teamed up with international offshore energy services provider Semco Maritime to build the future wave energy sector’s value chain.
Equinor faces fierce opposition over plans for seismic campaign in Argentine Sea
Equinor is planning to conduct seismic exploration activities in the Argentine Sea but the environmentalists claim that the development of the offshore oil industry there would be disastrous.
TORM takes 75 pct stake in scrubber supplier
Danish tanker shipping company TORM has taken majority ownership in compatriot scrubber supplier ME Production (MEP). Namely, TORM has bought a 75% ownership stake in the company from the present owner and founder, Jens Peter Faldt, who will retain the remaining 25% ownership. The transaction builds
Wallenius Wilhelmsen lands $800 mln in sustainability-linked loans
Oslo-listed shipping company Wallenius Wilhelmsen has secured $800 million of new loans secured by 20 vessels. The flagship facilities consist of two new financing agreements, with tenors ranging from 5.5 to 6.5 years, and were signed with 11 banks on June 30th. On August 15th, $670 million was draw
Two-week output suspension for BP’s Shah Deniz platform
BP has started a planned maintenance programme on the Shah Deniz Alpha platform and Shah Deniz 1 facilities inside the Sangachal Terminal in Azerbaijan.
Regulatory order for Saipem over barrier and maintenance management on rig
The Norwegian offshore safety regulator followed up an audit of Saipem’s rig with an order to the offshore drilling contractor.
Solstad vessels secure gigs in Norway and Brazil
Solstad Offshore has secured a contract extension for one of its AHTS vessels in Norway and a new assignment for another one in Brazil.
Sanctions-induced setbacks in sourcing goods sour Russia-Iran $40 bln deal, says Rystad
Sanctions imposed on Iran and Russia will hamper the sourcing of goods for the development of Iranian offshore gas fields, says Rystad.