Business & Finance
Subsea 7 fleet sports Marlink hybrid network solution
The UK-headquartered Subsea 7 has appointed Marlink to deliver a smart hybrid network solution for its vessels. Marlink will provide a hybrid network solution combining its global Sealink VSAT solution with L-band back-up, global 4G cellular services and connection to the Tampnet network for operati
Neptune to support high levels of gas output from Cygnus with series of contracts
Neptune Energy has awarded a series of contracts to support ongoing operations at its Cygnus Alpha and Bravo platforms in the UK North Sea.
Aker Solutions and Dril-Quip join hands for carbon capture and storage
Aker Solutions and Dril-Quip have entered into a collaboration agreement to offer subsea injection systems for carbon capture, utilization and storage (CCUS) projects. Under the agreement, Dril-Quip will provide Aker Solutions with CO2 injection Xmas trees and wellheads that will be fully integrated
Exposure loss for vehicle owners onboard Felicity Ace estimated at $155M
A fire on the Felicity Ace car carrier off Azores Islands is likely to generate at least $155 million in expected losses for Volkswagen, Porsche, Audi and Lamborghini vehicles on board the vessel, the analysis from risk modelling company Russell showed.
Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project
Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.
GEOxyz gets Nexus 2 USBL systems for its survey vessels
UK’s Applied Acoustics has delivered two Nexus 2 USBL systems with 2780 directional transceivers to Belgium-based GEOxyz for its survey vessels. The model purchased by GEOxyz is the Easytrak Nexus 2 EZT-2780. The company also deployed 1113H Mini beacons, 1119 Mini beacons and 1519 Release beacons. W
EU fund buys majority stake in Jifmar Offshore Services
European infrastructure fund Marguerite II is set to acquire a 65% stake in France’s Jifmar Offshore Services from RAISE Investissement. Marguerite said it aims to support Jifmar in its transition to next-generation offshore service vessels operations to address the decarbonization challenges of the
Odfjell Drilling to replace Seadrill as manager for another rig
Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.
Aker Solutions taps PaleBlue for ROV simulator
PaleBlue has delivered a “modern” remotely operated vehicle (ROV) engineering simulator to Norwegian oilfield services provider Aker Solutions. The simulator will be used to help Aker Solutions simulate the behavior of the subsea robots/ROVs in a controlled environment, performing accessibility chec
IOG frustrated as severe weather hampers UK gas project start-up
IOG is experiencing a further delay in the start-up of its Saturn Banks Project – Phase 1 due to stormy weather conditions.
REG, Bunker Holding partner up to advance biodiesel use in shipping industry
Renewable Energy Group (REG), a producer and supplier of renewable fuels, has entered into a strategic global collaboration agreement with Bunker Holding Group, a supplier and trader of marine fuels, to further develop the U.S. and EU marine markets for sustainable bio-based diesel.
In focus: Industry working to realise hydrogen and CCS markets potential via cross-sector collaboration
The interest in hydrogen and CCS value chains has been picking up, evident through various projects and collaborations revealed this week.
Malta launches tenders for pipeline to Italy in push to end gas isolation
A company from Malta has launched three tenders seeking services for a 159-kilometer long interconnector that will connect the island to Italy, ending its gas isolation with the connection to the trans-European Gas Network.
Lukoil increases stake in BP’s Shah Deniz after closing Petronas deal
Lukoil has completed the acquisition of Petronas’ interest in the BP-operated Shah Deniz natural gas project in the Caspian Sea.