Business & Finance
UK securing shipbuilding future with $5 billion investment
The UK government is planning to invest £4 billion (approximately $5.3 billion) in the country’s regional shipbuilding industry as it prepares to publish refreshed National Shipbuilding Strategy (NSbS).
MAN gets new subsea compressor order after world’s first units reach operational milestone
Equinor has awarded MAN Energy Solutions with a new contract to supply a subsea compressor unit for the Åsgard gas field offshore Norway in order to enhance production and extend the field’s lifetime. The order comes as the existing MAN subsea compression trains achieved 100,000 operational hours si
James Fisher inks seasonal charter agreement for 2011-built MPSV
James Fisher has signed a seasonal charter agreement for Go Marine Group’s multi-purpose service vessel (MPSV) Go Electra, following, as the company describes, an extensive vessel research and evaluation process. The agreement will see the vessel used throughout the remainder of 2022 by James Fisher
WATCH: Pioneering Spirit vessel installs final Sverdrup platform
The world’s largest heavy-lift vessel, Pioneering Spirit, has installed the fifth and final platform at the Johan Sverdrup field.
Boskalis receives takeover offer, company valued at €4.2 billion
The Curaçao-based international holding company, HAL Holding, has announced an intended all-cash voluntary public offer of €32.50 per ordinary share for all issued ordinary shares in the capital of Royal Boskalis Westminster N.V. HAL has been a shareholder of Boskalis since 1989 and currently holds
Hapag-Lloyd buys container liner business of Africa specialist DAL
German container shipping company Hapag-Lloyd has decided to acquire the container liner business of compatriot carrier Deutsche Afrika-Linien (DAL).
Noble and Maersk reveal board members for ‘unmatched player in offshore drilling market’
Offshore rig owners Noble Corporation and Maersk Drilling have revealed a board of directors for the new combined company.
Spirit Energy gives out North Sea decommissioning contracts
UK’s Spirit Energy Production has awarded DeepOcean and Heerema Marine Contractors with contracts for removal and disposal services of its North Sea decommissioning portfolio. Following the submission of a joint tender, both companies won contracts that will be executed under a tripartite collaborat
EU outlines actions to eliminate dependence on Russian fossil fuels
The European Commission has proposed an outline of a plan, which is supposed to make Europe independent from Russian fossil fuels.
Bridge Petroleum contracts Fraser for well and pipeline operatorship
Fraser Well Management (FWM) and Fraser Integrity Management (FIM) have won a contract by Bridge Petroleum to provide well and pipeline operator services for the Bardolino field off the UK coast. The field is situated in UKCS Licence Block 22/13a, approximately 162 kilometres east northeast of Aberd
UK start-up gets funds to reduce subsea decommissioning carbon footprint
Legasea has secured funding from Scottish Enterprise for a project that aims to reduce the carbon footprint of subsea decommissioning operations by taking equipment that is no longer required and finding ways to refurbish, recertify, remanufacture and reuse it, keeping in use as many components as p
French seismic firm joins SELKIE network
France-based geophysical services company CGG has joined SELKIE’s cross-border innovation network of developers and supply chain companies focused on increasing and diversifying the marine energy sector. CGG’s knowledge, data and technology are expected to enable SELKIE network partners to reduce na
Norwegian player’s expansion expected to more than double its daily output
Pandion has inked an agreement to acquire ONE-Dyas’s subsidiary holding the company’s Norwegian assets to double its daily production.
U.S. bans Russian oil, LNG, and coal imports while UK moves to phase out Russian oil imports
U.S. President Joe Biden has banned the imports of Russian oil, LNG, and coal while the UK government has decided to phase out Russian oil imports