Business & Finance
PGS’ Ramform Atlas getting ready for ‘large’ multi-client survey off Norway
PGS has secured solid industry pre-funding for a large MultiClient survey on the Northwest shelf of the Norwegian Sea. The Ramform Atlas is currently mobilizing for the survey, with the acquisition scheduled to start around 10 May. “This is the first large-scale MultiClient survey we are acquiring o
Three organisations teaming up to unlock UK’s full carbon capture and storage potential
Three organisations have decided to renew their collaboration to explore the potential of carbon capture and storage on the UKCS.
EU to phase out all Russian oil imports ‘in orderly fashion’
The European Union has proposed a ban on all Russian oil imports, aiming to phase out Russian crude oil within six months and refined products by year-end.
BP goes all-in with plans to invest over $22 billion in UK energy
BP intends to invest up to £18 billion (about $22.5 billion) in the UK’s energy system by the end of 2030.
Eco Wave Power seeks fresh business and finance talent
Swedish-Israeli wave energy company Eco Wave Power is looking to expand its team with two new vacancies up for grabs.
PanGeo picks up over $3 million in Sub-Bottom Imager contracts
PanGeo Subsea, a wholly-owned subsidiary of Kraken Robotics, has secured several cable depth of burial campaigns, valued at more than $3 million, in Europe using its 3D acoustic Sub-Bottom Imager (SBI). Under these contracts set to be completed throughout 2022, the SBI will be used as the cable dete
UK operator to own no rigs after selling its other stacked semi-sub
UK-based Awilco Drilling has decided to sell a semi-submersible rig to its compatriot decommissioning services provider, Well-Safe Solutions.
Cavotec nets €15.7M shore power order from ‘major’ shipping line
Swiss cleantech company Cavotec has secured a shore power order worth €15.7 million (around $16.57 million) from an undisclosed ‘major global shipping line’ for a series of newbuild containerships.
DeepOcean named Aker BP’s preferred supplier of subsea operations
Norwegian operator Aker BP has appointed DeepOcean as the preferred supplier of subsea operations related to inspection, intervention, repair, survey and emergent operations together with associated onshore engineering and project management services. The parties have a joint commitment to cooperate
UK govt backs ship-shore integration project with £1.06 million
Maritime Research and Innovation UK (MarRI-UK) has granted a £1.06 million (around $1.33 million) funding to a consortium of nine organisations led by MSE International, a non-profit cluster organisation dedicated to marine decarbonisation, as part of the Smart Maritime Land Operations Call.
All approvals secured for Lundin Energy-Aker BP merger
Lundin Energy and Aker BP have received all necessary governmental approvals for the merger between Lundin Energy’s E&P business and Aker BP.
WATCH: Njord A platform returns to the field after major revamp
After nearly six years, Equinor has completed the renovation of its Njord A platform and towed it to the Norwegian Sea.
Another Maersk rig to get low-emission upgrade ahead of new gig
Maersk Drilling has secured a contract with Aker BP, who will employ an ultra-harsh environment jack-up rig at the Ivar Aasen field offshore Norway.
Op-ed: What the UK energy security strategy means for wave and tidal stream energy
In an op-ed piece, Richard Arnold, policy director at the UK Marine Energy Council discusses the recently published British Energy Security Strategy, and what it means for UK’s wave and tidal stream energy industries.