Business & Finance
Danish subsea technology firm opens first office in Sweden
Denmark-based underwater technology specialist MacArtney is expanding in Scandinavia with the opening of its first dedicated office in Sweden. The new office, hosting MacArtney Sweden AB, is located in Mölnlycke near Gothenburg and will officially open its doors this month. “The Swedish market has g
Equinor finds ‘high-value barrels’ in North Sea
Equinor has made a significant hydrocarbon discovery with excellent reservoir quality in the Kveikje exploration well, located off Norway.
N-Sea boosts its subsea services offering with new vessel addition
N-Sea Group has entered into an agreement with DOF Subsea Rederi to acquire the multipurpose support vessel Geosea with the aim of strengthening its subsea services. The vessel has been under management by N-Sea on a long-term vessel agreement with DOF Subsea Rederi for the last few years and has wo
Denmark uncovers emission reduction potential of North Sea electrification
The Danish Energy Agency has published an analysis of the potential for reducing CO2 emissions from domestic oil and gas extraction by electrifying the platforms in the North Sea.
2014-built hybrid survey vessel joins GEOxyz fleet
Belgium-based geo-data specialist GEOxyz has acquired a new hybrid survey vessel, stating that the move comes as the company focuses on delivering the next generation of geo-data acquisition solutions. GEO OCEAN VI is said to be a green, versatile and multi-disciplined offshore survey vessel, fitted
Industry’s first: Furetank granted green credit guarantee
Furetank has become the first shipping compnay in Sweden to receive a green credit guarantee by the the Swedish Export Credit Agency for financing a vessel of “top-class environmental and climate standard”.
UK player sorting out mechanical issue hindering production from North Sea field
After identifying a mechanical issue on a platform, IOG is experiencing a further delay in fixing the fault to resume production from Blythe.
IEA states to release emergency oil reserves for the second time this year
The International Energy Agency’s (IEA) 31 members agreed to a new release of oil from emergency reserves in response to the market turmoil.
One-year gig with Shell for Maersk drillship
Maersk Drilling has been awarded contracts with Shell for the provision of a drillship for drilling services offshore multiple countries.
Biden orders ‘the largest release of oil reserves in American history’ to lower prices
U.S. President Joe Biden announced plans for what is said to be the largest release from the strategic petroleum reserves in American history.
Solstad pulls off hat-trick award with ConocoPhillips
Solstad Offshore has inked new long-term deals for three of its platform supply vessels (PSVs) with ConocoPhillips for operations off Norway.
Rovco spin-off raises $20M for globalization and expansion plans
Vaarst, tech spin-off of subsea player Rovco, has raised $20 million in investments to fund its global expansion plans and drive next-generation technology adoption in marine industries. The investment is the first in the company’s Series B round and will be used for the expansion of its pioneering
SIMEC Atlantis lands close to €3 million for MeyGen turbines redeployment
SIMEC Atlantis Energy has secured a non-convertible loan of €2.95 million from Scottish Enterprise for the redeployment of MeyGen turbines.
Aker BP to gauge remaining oil potential of North Sea field
After concluding the drilling of two wells, Aker BP will be working on evaluating the remaining oil potential within a North Sea field.