Business & Finance
WATCH: Well-Safe cheers ‘momentous landmark’ as decommissioning rig heads to North Sea
Well-Safe Solutions has reached a major milestone with the mobilisation of its Well-Safe Guardian rig for its first job in the UK North Sea.
Golar’s LNGC spinoff firm CoolCo scores $570m loan
Bermuda-based LNG shipper Golar updates on its newly-formed company Cool Company (CoolCo) that will acquire its eight TFDE LNG carriers.
Norway recorded higher oil & gas output in December
Norway’s oil production in December 2021 was below the NPD’s predictions for the second consecutive month along with the gas output.
Forssea collects €3.8 million for ROV commercialization
French underwater robotics company Forssea Robotics has raised €3.8 million from SOFILARO (Crédit Agricole), Qair Innovation and a France 2030 grant to finance the commercial deployment of its ARGOS remotely operated vehicle (ROV). The fundraising will finance Forssea’s commercial deployment with th
Eco Wave Power set to officially ring the Nasdaq bell
Swedish-Israeli wave energy company Eco Wave Power is set to hold a Nasdaq bell ringing ceremony to officially mark the occasion of becoming a publicly listed company on the U.S. stock market.
SBM Installer joins Asso’s fleet
Asso Group has taken over the dive support and construction vessel (DSCV) SBM Installer, following a purchase agreement with SBM Offshore. The vessel was delivered to Asso Group on 19 January in Algeciras, Spain, and was renamed Athena, hoisting the Greek flag. Over the next days, it will be re-clas
Frontier exploration drilling in 2021 fell to the lowest level ever recorded by Westwood
Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.
Crowdfunding campaign launched to support sailing cargo ships
WiSEED is launching a crowdfunding campaign for NEOLINE Développement.
TotalEnergies brings in Maersk rig for North Sea job
Danish offshore drilling contractor Maersk Drilling has been awarded a contract with TotalEnergies in the Danish North Sea.
Norwegian player giving new life to oil & gas vessel with conversion for offshore wind
Norside bought a platform supply vessel used in the oil and gas industry for the purpose of converting it for offshore wind ops.
PGS hired for Northern Lights
Petroleum Geo-Services (PGS) has secured a contract with Equinor to carry out seismic acquisition in support of the Northern Lights carbon capture and storage project. The acquisition is scheduled to start in the second quarter of the year and will have a duration of approximately one month. Equinor
UK union slams ‘draconian’ jab or job policy by North Sea operator
Oil and gas workers’ union has called the introduction of mandatory vaccination policy by a North Sea operator “draconian.”
Transocean goes beyond core business after getting carbon capture and storage gig
Transocean will drill one carbon injection well and a sidetrack in support of the Northern Lights Carbon Capture Storage Project.
Subsea tie-back leader facing inflation-driven cost increase of $6.5 billion
Norway, the global subsea tie-back leader, is set for an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, according to Rystad Energy’s latest report. During the five-year period, about 275 subsea tree