Business & Finance
World’s largest crane vessel set to remove Dunlin platform
Heerema Marine Contractors is moving forward with plans to remove the Dunlin platform from the waters off the UK, using its Sleipnir vessel.
Ocean Floor Geophysics takes over 3D seismic P-Cable operator
Ocean Floor Geophysics (OFG), assisted by PGS, has completed the acquisition of NCS SubSea, a marine seismic firm that provides ultra-high-resolution 3D seismic data to the oil and gas and new energy markets via P-Cable system.
Aker Solutions bags another North Sea extension with ConocoPhillips
ConocoPhillips has awarded another extension for maintenance and modification work on its North Sea fields to Aker Solutions.
UK’s Centrica wraps up its sale of Spirit Energy Norway
Centrica has revealed that the sale of its Norwegian business and the Statfjord UK field has been completed for $1.1 billion.
Glomar Worker to back Rovco’s offshore wind tasks
Rovco has signed a charter party agreement with Glomar Offshore for the DP2 multipurpose support vessel Glomar Worker. The 60-meter long vessel will be put to work on Rovco’s subsea survey campaigns for “major” operational offshore wind farms in UK waters. Rovco will mobilize a dedicated team on the
ZeroNorth raises over $50M to accelerate decarbonisation in shipping
ZeroNorth has raised over $50 million in investment that will enable the company to look to further accelerate decarbonisation in shipping.
Hurricane abandons another UK licence after ‘rigorous screening criteria’
Hurricane Energy has decided to give up another licence in the Greater Warwick Area on the UK Continental Shelf.
Operators gearing up to sanction two of the largest undeveloped discoveries in UK
Following the extensions of licences for two of the largest undeveloped discoveries off the UK, operators of these two projects are laying the groundwork for their final investment decisions.
UK start-up hits carbon emissions reduction with subsea circular economy project
Legasea has completed a subsea circular economy project, which saw the disassembly of ten decommissioned subsea production systems recovered from the Celtic Sea, that is said to have reduced the carbon emissions of subsea decommissioning operations. The Shore-to-Store service has reduced the carbon
Wärtsilä’s new tech centre to speed up marine and energy decarbonisation
The Finnish technology group Wärtsilä has opened its new technology centre to contribute to efforts to advance the global decarbonisation of maritime and energy sectors. The Sustainable Technology Hub is located in Vaasa, Finland, and it features a fuel laboratory, flexible technology and engine tes
Tullow Oil and Capricorn unveil merger plan to create new player with focus on Africa
Tullow Oil and Capricorn Energy have reached an agreement on the terms of a recommended all-share combination of Tullow and Capricorn.
Nexans Norway begins expansion of its subsea cable factory
Nexans has held the foundation stone laying ceremony for the expansion of its subsea cable factory in Halden, Norway. The expansion also includes a new tower that will be built to supply cables for the offshore wind market. Once finished, the new tower will be about 150 meters tall and will be the t
Aiming to focus on offshore, Saipem sells onshore drilling business for $550 mln cash and more
Saipem has decided to sell its onshore drilling business to KCA Deutag for $550 million in cash plus an equity stake in the combined entity.
Eco Wave Power begins 2022 with wider net loss and revenue drop
Swedish-Israeli wave energy company Eco Wave Power has released its financial report for the first quarter of 2022, showing a wider net loss and a drop in revenues compared to the same period in 2021. Eco Wave Power reported an increased net loss of SEK 6.7 million ($720,000) for the first three mon