Business & Finance
SMI: Industry invited to hear about UK’s refreshed shipbuilding strategy
The latest thinking of the team behind the UK’s refreshed shipbuilding strategy, which is expected to include a multi-billion pound vessel pipeline due to be built over the next 30 years, will be discussed at the annual conference held by the Society of Maritime Industries (SMI).
Subsea Europe Services gets six-figure support for autonomous survey tech
Subsea Europe Services (SES) has secured six-figure funding to accelerate autonomous survey technologies development for marine survey applications. The investment is said to boost the company’s approach which focuses on the integration of new generation smart, A.I. and machine learning-enabled hydr
50Hertz awards Ostwind 3 UXO ID and removal contract
German offshore transmission system operator (TSO) 50Hertz has contracted Heinrich Hirdes EOD Services for UXO identification and removal works for the Ostwind 3 project. The German contractor is in charge of delivering the unexploded explosive ordnance (UXO) survey, identification and removal on th
Drewry: Ocean carriers close 2021 with $190 billion profit
Ocean carriers have generated about $190 billion of annual profits and about $130 billion of fresh cash in 2021, obtained mainly by charging higher prices, maritime research consultancy Drewry said.
UK well engineering specialist sees new deal as reflection of growing confidence in North Sea
UK’s Fraser Well Management believes that its new contract demonstrates the growing confidence in the hydrocarbon potential of the North Sea.
Aiming for industry’s greenest fleet of vessels, Solstad goes on decarbonisation quest with Wärtsilä
Solstad has turned to Wärtsilä in a bid to reduce the carbon footprint of its fleet and achieve its decarbonisation ambitions by 2050.
STR makes largest iXblue investment to date
UK’s Subsea Technology & Rentals (STR) has acquired the iXblue long baseline (LBL) system Canopus, strengthening its global rental fleet. Canopus brings together intelligent transponders, Ramses transceivers, Inertial Navigation Systems (INS), and Delph Subsea positioning software. It is also a thir
North Sea decarbonisation at the forefront of Scotland’s leasing round connecting offshore oil & gas with wind
A new leasing opportunity has been unveiled in Scotland connecting offshore oil and gas and wind in a push to decarbonise the North Sea.
Germany halts Nord Stream 2 in response to Russia’s latest actions
Germany has halted the process of certifying the Nord Stream 2 gas pipeline from Russia due to the current crisis in Ukraine, German Chancellor Olaf Scholz has been reported as saying. According to local media reports, Scholz has announced that his government is taking the measures in response to Ru
Norway’s January oil output sinks below predictions
Norway’s oil production in January 2022 fell behind NPD’s predictions by 2.3 per cent, while the gas output also experienced a decrease.
Ocean technology trio forms new company
Norwegian Nortek, USA-based Strategic Robotic Systems and Australia’s Blueprint Lab have merged to form a common holding company called General Oceans AS. General Oceans will provide management services from a base in London, facilitating collaboration between the companies while also being responsi
Schlumberger launches reservoir mapping-while-drilling service
Schlumberger has introduced a reservoir mapping-while-drilling service, which is said to leverage advanced cloud and digital solutions to deliver real-time 3D profiling of reservoir objects. GeoSphere 360 delivers real-time 3D reservoir insights which enhance reservoir understanding and enhance well
Welsh marine energy test site gets business development boost
Pembrokeshire Coastal Forum, the legal entity behind Marine Energy Test Area (META) project, has hired UK-based consultancy Saline Marine to grow clients and activities in the test area offshore Wales.
Equinor closes Veslefrikk chapter in readiness for decom ops
Equinor has shut down the Veslefrikk field, located in the North Sea, in preparation for the upcoming decommissioning activities.