Business & Finance
Petrofac to go on as NEO Energy’s well operator for another five years
Petrofac has secured a five-year contract extension for well management and well operator services with NEO Energy.
Well-Safe selects helicopter operator for North Sea ops
Offshore Helicopter Services UK Limited has secured a new contract with Well-Safe Solutions for operations off the UK.
Stamp of approval for Equinor to use Floatel’s unit in North Sea
Norway’s PSA has given Equinor consent to use one of Floatel’s semi-subs as a mobile accommodation facility at a North Sea field off Norway.
Ørsted partners with European steel producer
Ørsted and Germany-based steel producer Salzgitter AG have entered into a strategic partnership which will see the two companies working on establishing closed value chains in their business relationships, revolving around offshore wind and steel production. The companies have signed a memorandum of
The time has come for Heerema to remove four North Sea platforms
Petrogas E&P Netherlands has awarded Heerema Marine Contractors an integrated decommissioning contract for multiple North Sea oil platforms.
Fugro joins project to advance geo-data science skills
Fugro has partnered up with the University of Houston (UH) and its four partnering universities on a collaborative project to advance geo-data science skills in the energy sector. The Data Science for the Energy Transition project, funded through a three-year grant with the National Science Foundati
Ashtead reinforces rental fleet with Innova multiplexers
As part of its rental fleet reinforcement, subsea technology specialist Ashtead Technology has invested in stand-alone fibre optic multiplexer and control solutions from Innova.
Shell ditches Royal Dutch from its name
Shell has officially changed its name to Shell plc, after deciding to simplify its share structure and remove the Royal designation.
Vår Energi launching Oslo IPO to maximise growth
Vår Energi is launching a process for an IPO and listing of shares on Oslo Børs in a bid to optimise value creation, seeking future growth.
BW Offshore gets rid of FPSO to transition to floating energy investments
BW Offshore has decided to sell one of its FPSO vessels as part of its strategy to transition to floating energy infrastructure investments.
DeepOcean places major ROV camera order
DeepOcean has placed an order with Norway’s Imenco for 96 underwater cameras for its entire fleet of remotely operated vehicles (ROVs). The contract, which is Imenco’s largest single contract to date in the underwater camera market, will see DeepOcean mount all the cameras on its ROVs over the next
Dynagas LNG declares cash distribution on preferred units
Dynagas LNG Partners, a partnership formed by Greek shipping company Dynagas, has declared a cash distribution of $0.5625 per unit on its Series A Preferred Units.
Top Ships welcomes Julius Caesar VLCC, offloads 2 MRs
Greek ship owner and operator Top Ships has taken delivery of Julius Caesar, a scrubber-fitted 300,000 dwt very large crude carrier (VLCC), and reached several deals to finance its newbuilding program.
Two North Sea fields drive Lundin’s reserves increase
Oil and gas company Lundin Energy has disclosed an increase in its 2P and 3P reserves, owing to two North Sea fields.