Business & Finance
SIMEC Atlantis posts €86 million loss for ‘challenging’ 2021
Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.
Ports of Duisburg and Amsterdam to jointly develop hydrogen value chain
Dutch Port of Amsterdam and German duisport have signed a memorandum of understanding (MOU) to expand their cooperation and jointly develop the hydrogen value chain and their hinterland network. The MOU represents a new phase in the long-term partnership between the two ports that are directly conne
Shell adds high-impact gas prospect in North Sea to Maersk rig’s backlog
Shell has hired a Maersk Drilling-owned rig to drill a prospect in the North Sea, which is expected to provide the UK with more gas sources.
Dynamic Load Monitoring upgrades cable-laying hire fleet
UK’s Dynamic Load Monitoring (DLM) has expanded its cable-laying hire fleet for pre-lay grapnel run (PLGR) and route clearance operations as the renewable energy sector prepares for a busy period offshore. Recent additions include two acoustic release hooks and a de-trenching grapnel with a 1.8-mete
HAV Group to acquire Høglund Marine Solutions
Norwegian technology provider HAV Group ASA has signed a letter of intent for the acquisition of Norwegian integrated automation and energy specialist Høglund Marine Solutions.
To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables
To phase out Russian fossil fuels and speed up its energy transition, using green hydrogen, Europe will need to step up renewable deployment.
Aker BP taps Optime Subsea for remotely operated controls systems
Norwegian oil and gas company Aker BP has placed an order with Optime Subsea for two new, second-generation remotely operated controls systems (ROCS). The second-generation system will come with a new stand-alone communication system for greater rig flexibility and efficient operations, and both sys
Norwegian seismic majors reveal plan to combine in $237 million deal
Norwegian seismic data company TGS has made an offer to buy compatriot Magseis Fairfield in a deal that values the seismic player at NOK 2.33 billion (approximately $237 million). The two companies entered into a transaction agreement whereby TGS, on and subject to certain terms and conditions, will
Norsk Solar CFO to start work in same role at Eidesvik
Eidesvik Offshore has appointed a new Chief Financial Officer (CFO), who is expected to join the company within the next few months.
Dutch regulator: Shell and TotalEnergies can collaborate on CO2 storage
The Netherlands Authority for Consumers and Markets (ACM) has given approval to competitors Shell and TotalEnergies to collaborate on CO2 storage in empty natural-gas fields in the North Sea. Shell and TotalEnergies plan to store CO2 on a large scale as part of the Aramis project, collaborating with
Scana subsidiary scores frame agreement extension with Odfjell
Scana-owned PSW Technology has signed a one-year extension of the frame agreement with Odfjell Drilling for the provision of maintenance and recertification of marine riser and subsea equipment for all of Odfjell’s drilling units. The agreement includes inspection, maintenance, and repair (IMR) of m
CMA CGM, Shell join forces for LNG supply, maritime decarbonisation
French shipping giant CMA CGM Group and oil and gas company Shell have entered into agreements to work together towards accelerating the decarbonisation of the marine sector. Specifically, the partners have signed include a multi-year deal for the supply of liquefied natural gas (LNG) to CMA CGM’s 1
Stamp of approval for ConocoPhillips to drill North Sea wildcat
ConocoPhillips has secured a drilling permit from the country’s authorities for a wildcat well located in the North Sea offshore Norway.
Fugro CEO takes over as IRO chair
Fugro CEO Mark Heine has taken over as chair of the IRO, the non-profit organization for Dutch suppliers in the offshore energy industry. Heine was presented as the new chair during the celebration of IRO’s 50th anniversary on 23 June. Fugro’s CEO took over from previous chair Pieter van Oord, CEO o