Business & Finance
Schlumberger solution to help optimize Northern Lights performance
The Northern Lights joint venture has selected Schlumberger to deliver its DELFI digital platform for the Northern Lights carbon capture and storage project in order to optimize performance in carbon transport and storage. The DELFI cognitive E&P environment will be used to streamline subsurface wor
Shell gains approval to use Transocean rig for Ormen Lange drilling
Shell has received consent from Norway’s offshore regulator for exploration drilling in the Norwegian Sea with one of Transocean’s rigs.
Golar LNG: CoolCo wraps up $250m private placement
Bermuda-based LNG shipper Golar says its newly-formed company CoolCo, which will acquire its eight LNG carriers, has successfully closed an upsized private placement of $275 million in new shares.
PGS: Seismic market weaker in 2021, but gradually recovering
Norway-based Petroleum Geo-Services (PGS) has reported an almost $6 million decrease in segment revenues in 2021 compared to 2020 due to, as the company says, the overall seismic market being “weaker”. Segment revenues and other income reached $590 million in 2021, compared to $595.9 million in 2020
Two players in design battle for Equinor’s stalled project while EIS gets unfavourable review
Equinor has selected two engineering players to carry out conceptual studies for an FPSO vessel while the review of the project’s EIS deemed it an unreliable source of information for decision-making processes.
Pipeshield awarded patent for multi-lift concrete mattresses solution
Pipeshield International, a Tekmar Group company, has been granted a patent for its SUPER-MAT high payload multi-lift concrete mattresses solution. Designed as a lifting device when used with Pipeshield’s heavy-duty quick-release frames, the SUPER-MAT enables the handling of mattresses in stacks, pr
COWI puts its foot down on new fossil fuel projects, welcomes offshore wind and green hydrogen
The Denmark-headquartered engineering company COWI will turn down all fossil fuel projects from now on as it aims to transform its business and reach 100 per cent revenue within sustainability-related projects in three to five years’ time. In a press release issued on 25 January, the CEO of COWI Gro
Equinor now officially opening challenging Martin Linge field
Equinor is now officially opening its operated Martin Linge field, located in the North Sea, following the production start-up last year.
CoolCo launches $250m private placement
Bermuda-based LNG shipper Golar provides a further update on its newly-formed company CoolCo which will acquire its eight tri-fuel diesel-electric LNG carriers.
Wellesley strikes out in North Sea well
Wellesley has concluded the drilling of a wildcat well north of the Gjøa field in the northern North Sea, but the well turned out to be dry.
Greek port and Suez Canal seal business deal
Greek Port of Thessaloniki (ThPA) and the Suez Canal Economic Zone (SCZone) have signed a cooperation agreement to develop international trade and increase business activities on the sea route between Europe and Asia.
James Fisher Decommissioning rolls out
James Fisher has launched James Fisher Decommissioning (JF Decom), its new business line which will support the decommissioning needs of customers in the renewables and oil and gas markets. All current decommissioning capabilities offered by James Fisher Offshore will transfer into JF Decom to provi
Maersk Drilling connecting rigs to green shore-to-ship power while docked at Esbjerg
Danish Maersk Drilling and Port Esbjerg have been working together to enable the supply of green power for offshore rigs to cut emissions.
Vantage to manage another rig for Aquadrill
Vantage has been put in charge of managing and marketing a semi-submersible rig owned by Aquadrill, formerly known as Seadrill Partners.