Business & Finance
Wight Shipyard to merge with OCEA
Britain’s aluminium shipbuilder, The Wight Shipyard Co., has unveiled an all-share merger with the complementary French shipbuilder OCEA to create a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities.
HydroWing secures spot to showcase next-generation Tocardo tidal turbines
UK’s HydroWing has secured a berth with 30 MW potential at a Morlais tidal site in Angelsey, Wales, to demonstrate next-generation Tocardo T-2si turbines configured into the HydroWing structure. HydroWing plans a phased approach starting with a commercial demonstrator project in 2023 which will be o
BP sees profit surge while working to ‘accelerate greening’
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
Petrobras taps Shearwater for geophysical processing software
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, mu
North Sea ERRV specialist brings in 10th newbuild vessel
Sentinel Marine has taken delivery of the tenth newbuild vessel in its fleet, which is expected to feature12 ERRVs by year-end.
Saipem overhauls management team amid rating downgrade and default risk
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.
Aker Solutions buying compatriot consultancy to support growth strategy
Aker Solutions is acquiring Unitech Power Systems, a Norway-based electrical power systems consultant, as part of its growth strategy and with the aim of further accelerating its transformation. Aker Solutions states that the acquisition is an important step towards the company creating an engineeri
UK oil & gas industry makes huge progress on North Sea Transition Deal, OGUK says
A review of the oil and gas industry’s progress against the terms of the North Sea Transition Deal has shown strong progress, OGUK says.
Hamburg Port stepping up hydrogen game with new MoU
Making a step further in taking concrete action to support decarbonisation, Hamburg Port Authority (HPA) has signed a memorandum of understanding (MoU) with industrial gases company Air Products to establish a sustainable supply chain for hydrogen.
Irish offshore wind farm seeks Tier 1 contractors
SSE Renewables has issued contract notices seeking Tier 1 contractors for the Arklow Bank Phase 2 wind farm project offshore Ireland. Arklow Bank Wind Park Phase 2 is located approximately 6 to 15 kilometres off the coast of Arklow, Co. Wicklow and covers an area approximately 27 kilometres long and
Serica renews North Sea deal with Sparrows
Serica Energy has awarded a crane operations and maintenance services contract on one of its platforms in the UK North Sea to Sparrows Group.
Bureau Veritas verifies SubSLAM underwater measuring system
Vaarst, tech spin-off of subsea player Rovco, has secured Bureau Veritas verification for its SubSLAM underwater measuring system. Bureau Veritas verified the technology as delivering sub-millimeter accuracy for live subsea measurement, making it the most accurate real-time underwater measuring syst
In focus: highlights from an industry in change
The world is changing fast and the offshore energy industry goes along with it.
UK’s OGA looking for new CEO as Samuel prepares for exit
UK’s petroleum regulator has reported that its CEO will be stepping down at the end of the year after eight years in the role.