Business & Finance
In focus: Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic
Building a sustainable future in a pandemic-ridden world is no easy feat as it brings out many challenges to the fore, however, the energy and maritime industries have shown a great determination to overcome such obstacles in their quest to accelerate decarbonisation and establish a more balanced, l
Novatek: 2021 natural gas and LNG production and sales climbed
Russia’s natural gas producer Novatek published its 2021 preliminary operating data showing that both production and sales of natural gas, including LNG, went up compared to 2020.
Driven by robust offshore oil production, demand for shuttle tankers set to rise, Rystad says
Rystad’s analysis shows offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35 per cent in this decade.
DOF Subsea lands two new jobs
Norway-based subsea and marine services provider DOF Subsea has secured more work for its construction support vessels (CSVs) Skandi Acergy and Skandi Constructor. A “key renewables client” awarded Skandi Acergy with an extension of an ongoing subsea construction contract in the North Sea. In direct
VesselsValue acquires Norway’s shipping analyst
The UK-based online valuation and data provider, VesselsValue, has acquired Norwegian shipping research and advisory company, ViaMar.
Aker Solutions appoints new exec while high demand spurs further headcount increase
Aker Solutions has appointed a new senior vice president for communications as growing demand for services spurs further headcount increase.
Rex’s top-priority: increasing hydrocarbon production and reserves
Rex described the previous year as transformational, revealing that its primary goal for the future is to increase production and reserves.
TechnipFMC scores Asgard subsea iEPCI
TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract to deliver subsea equipment for Equinor’s Smørbukk Nord development. The scope covers a high-pressure, high-temperature subsea production system and associated equipment for a brownfield tie
Ex-Equinor exec joins Vår Energi
Vår Energi has appointed Equinor’s former VP of Project Management and Control to its executive management team to pursue growth plans.
Norwegian operator criticised over vaccine mandate plans for offshore workers
A Norwegian union representing offshore oil & gas workers has criticised the process to introduce a vaccine mandate.
Eco Wave Power and OPT join hands to accelerate wave energy projects
Swedish-Israeli Eco Wave Power and the U.S.-based Ocean Power Technologies have set up a collaboration to use their complementary technologies and skills to accelerate wave energy projects, pursuant to a previously signed agreement. The parties will work together on several fronts, including knowled
Tidal Range Alliance appoints new chair
The Tidal Range Alliance (TRA) has appointed Prosperity Energy’s business growth director Ioan Jenkins as its chairman.
Norway nets record-breaking revenues from oil & gas
In Norway, the combination of high production of oil & gas, significant demand, and high prices led to a historically high level in revenues.
Mariner partners disagree with Equinor over reserves downgrade
Siccar Point Energy believes that Equinor, the operator of the Mariner field, has been premature in its reserves downgrade for the field.