Business & Finance
James Fisher and NMDC form global partnership
James Fisher and Sons (James Fisher) and Abu Dhabi-based National Marine Dredging Company (NMDC) Group have signed a Memorandum of Understanding (MoU) to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind, and marine civil construction i
Extension of UK’s National HVDC Centre officially opens
The extension of SSEN Transmission’s simulation, testing and training centre for high-voltage direct current (HVDC) systems in Cumbernauld has officially opened. Established in 2017, the National HVDC Centre is the first facility of its kind in the UK and uses innovative technology to test the use o
Equinor’s profit spikes on high output and prices
Norwegian energy giant Equinor has seen a significant increase in its quarterly profit driven by high production and energy prices.
CGG to back BP’s digital strategy under new multi-year deal
CGG has signed a major multi-year global data transformation and curation agreement with BP, expected to play a key role in supporting the oil and gas giant’s subsurface digital strategy. According to BP, the agreement will provide a true win-win opportunity to leverage the capability of both compan
MSC, Quadrise to test lower-carbon fuels on commercial containerships
MSC Shipmanagement Limited of Cyprus, a subsidiary of Mediterranean Shipping Company (MSC), has signed a framework agreement with Quadrise, the supplier of MSAR and bioMSAR, to test the use of lower-carbon fuels on one or more containerships.
Fugro on survey duty at Vattenfall’s offshore wind pair
Fugro is set to soon commence a geophysical and geotechnical site survey at Vattenfall’s Norfolk offshore wind projects in the North Sea. Fugro Discovery will be deployed over the survey area starting on or around 1 August, with the activities set to be completed by the end of November. The 70-meter
Drill bit spins at exploration well in North Sea
Oil and gas company Neptune Energy has started drilling the Ofelia exploration well in the Norwegian sector of the North Sea.
EnQuest prolongs Petrofac’s gig on North Sea platform
EnQuest has awarded a long-term contract extension to Petrofac to continue supporting a platform in the UK North Sea.
As rig day rates grow, Transocean adds $650 million to backlog
Offshore drilling contractor Transocean has secured new contracts and extensions for its rigs with notable day rate increases.
Shell sanctions Jackdaw gas project in North Sea
Shell has taken the final investment decision to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year.
Fugro’s revenue strong despite inflationary and supply chain pressures
Fugro has reported a revenue of €833 million for the first half of 2022, an increase of 17.2% compared to the same period last year, driven by growth in all markets, particularly high client demand for renewables services. Utilization of Fugro’s fleet was 67% in the first half-year, versus 69% in th
WATCH: Refurbished storage vessel goes back offshore for 20 more years of production
Equinor’s Njord Bravo storage vessel is now back on the field offshore Norway following years of upgrades.
Chinese operator orders four Leonardo helicopters for oil & gas ops
China’s COHC has signed a contract with Italy’s Leonardo for four AW139 medium twin-engine helicopters.
Shell and Deltic commit to drilling high-impact North Sea prospect
Shell and its partner Deltic Energy have decided to drill a high-impact well on a gas prospect in the UK sector of the North Sea.