Business & Finance
Sercel pursues ION Geophysical’s software business
Sercel, CGG’s Sensing & Monitoring division, has been selected as the successful bidder for the acquisition of ION Geophysical’s software business. Sercel said it plans to keep all employees associated with the business. According to the company, the acquisition is in connection with ION’s recently
TAQA all done with large-scale North Sea decom project
UAE’s oil and gas giant Abu Dhabi National Energy Company (TAQA) has wrapped up a major decommissioning project in the North Sea.
Formation of CoolCo completed, new CEO named
The formation of the new shipping company CoolCo, with Eastern Pacific Shipping and Golar LNG as shareholders, has now been completed.
Norway’s oil & gas output to shrink as offshore workers scale up strike action
Dispute over wage demands threatens to reduce oil and gas production in Norway, as offshore workers are likely to down their tools this week.
Fugro picks team for next-gen uncrewed surface vessel
Fugro is developing its next generation of uncrewed surface vessels (USVs) called Blue Prism, which will deliver autonomous geophysical surveys. Fugro signed a contract with Kooiman Engineering and Van Oossanen Naval Architects for the naval design of this next generation of USVs. Engineered for ope
Nexans named preferred bidder for EuroAsia Interconnector
Nexans Norway has been selected as the preferred bidder for the engineering, procurement, construction and installation (EPCI) contract of the HVDC cable systems for first stage of the EuroAsia Interconnector. Nexans will be in charge of the EPCI of two HVDC cable systems, Pole 1 and Pole 2, for the
Orbital Marine secures €9.2M tidal energy funding
Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.
As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects
The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.
With stakes in two more wells secured, Longboat expects first to be spud this month
After completing the farm-in agreement with OMV, Longboat Energy anticipates the drilling of the first of two wells to be done this month.
Zero Carbon Center gets funding for 1st Book & Claim System
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has secured funding to initiate first of its kind Book & Claim System for shipping.
Italian contractor to bring Nabors’ suite of tech options to Europe and Africa
Hydro Drilling will deploy Nabors’ technologies and services in Europe and Africa to improve hydrocarbon production and curb emissions.
Geophysical survey starting at 200-turbine array offshore Ireland
Irish marine and aerial survey company Ondine is set to begin a geophysical survey at the Lir Offshore Array located off the east coast of Ireland today, 1 July. Ondine will be completing the survey works from 1 July to 15 August, subject to weather conditions, on a 24-hour basis, seven days a week.
Transocean rig gets the go-ahead for ops at Equinor’s North Sea field
Equinor has received consent from Norway’s regulator to use a Transocean-owned rig for well intervention on a field located in the North Sea.
Aker BP all set to deploy Maersk rig on North Sea field
Aker BP has received consent from Norway’s regulator to use one of Maersk Drilling-owned rigs on a field located in the North Sea.