Business & Finance
Norway’s Equinor sells shares in two North Sea fields for over $1 billion
Equinor is exiting the Greater Ekofisk Area and selling a share of Martin Linge field off Norway for a total of $1 billion.
ConocoPhillips files development plan for $1.2 bln North Sea project
ConocoPhillips and its partners have submitted a PDO for a project in the Greater Ekofisk Area with investments totalling around $1.2 bln.
NextGeo wraps up offshore surveys for TenneT
London-headquartered NextGeo has completed offshore route survey activities for transmission system operator (TSO) TenneT on three wind zones in the Dutch North Sea. NextGeo finished the final reporting phase of the offshore survey operations (non-UXO) for the Hollandse Kust West Beta (HKWb), Ten No
Maersk Supply Service sells three laid-up vessels for scrap
Maersk Supply Service has arranged to recycle three vessels as part of its strategy to optimise its fleet portfolio.
Industry big shots join new Global Underwater Hub board
Following its recent establishment, the Global Underwater Hub (GUH) has appointed members of its board who come from a range of backgrounds across the blue economy, including renewable energy, defence and aquaculture. The board members are Sue Barr, chair of Marine Energy Council, Zander Bruce, subs
Kongsberg to furnish Brazil-bound FPSO with electrical and control equipment
Kongsberg Maritime has inked a deal with Yinson to deliver electrical and control technologies for an FPSO, which will operate off Brazil.
UK regulator mulling over rig sale proposal as solution for Maersk-Noble merger
The UK’s competition regulator might accept a remedy proposal, submitted in response to its concerns about the proposed Noble-Maersk merger.
Terna seeks green light for Tyrrhenian Link from Ministry of Ecological Transition
Italian transmission system operator (TSO) Terna has submitted a request for authorization to Italy’s Ministry of Ecological Transition (MiTE) to construct and operate the West Section of the Tyrrhenian Link, which will connect Sicily and Sardinia. Following the submission of the application, the pr
STR makes multi-million pound investment in Sonardyne technology
Subsea Technology and Rentals (STR) has made a multi-million pound investment in Sonardyne’s latest acoustic and inertial technologies, including seafloor, vehicle and vessel-based positioning hardware. The purchase includes Sonardyne’s Long BaseLine (LBL), Ultra-Short BaseLine (USBL) and inertial n
Connector Subsea Solutions buys compatriot valve manufacturer
Norwegian Connector Subsea Solutions (CSS) has acquired Norvalves, a compatriot company that designs and manufactures subsea valves and connectors. The Norvalves workforce of 16 people based in Ågotnes will be transferring to CSS with immediate effect. The acquisition is said to supplement CSS’ subs
Longboat gains access to OMV’s two ‘high-quality, gas-weighted’ wells off Norway
Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.
Kosmos Energy says Greater Tortue Ahmeyim LNG project is 75% complete
The BP-led Greater Tortue Ahmeyim LNG project on border of Mauritania and Senegal is 75 per cent complete, according to Kosmos Energy.
Van Oord orders study on Sofia inter-array cable stability
Van Oord has contracted Peritus International to perform a study on inter-array cable stability for RWE’s Sofia offshore wind farm in the UK. The scope consists of calculating the on-bottom stability for the inter-array cables in challenging environmental conditions and shallow water. According to P
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.