Business & Finance
North Star gets new owner
Private markets firm Partners Group has agreed, on behalf of its clients, to acquire North Star, an operator of specialized vessels that offers emergency response and rescue and essential offshore wind maintenance services, from Basalt Infrastructure Partners. Headquartered in Aberdeen, Scotland, No
SBM Offshore creates new executive role to play top-tier part in energy transition
SBM Offshore has created a new management role in a push to become one of the main players in the energy transition.
Equinor to book $1.8 bln impairment as UK field reserves shrink
Equinor has reduced its recoverable reserves estimate for a field in the UK North Sea, which will result in a $1.8 billion impairment.
SeaRAY’s energy storage system on its way to Hawaii
EC-OG’s Halo intelligent subsea battery storage system, which will be integrated into C-Power’s SeaRAY autonomous offshore power system (AOPS), has been shipped from Scotland to Hawaii. Halo, currently on its way to Honolulu, will serve as the energy storage system and gravity anchor for C-Power’s d
Wood in recruitment drive for 200 roles to support growth in Middle East
Wood has marked a year of strategic growth in the Middle East region after accumulating $580 million of secured backlog in 2021.
Norwegian firms partner up for new subsea technology
Norway’s IK-Group and Nautilus Subsea have signed a memorandum of understanding (MoU) to together deliver new subsea technology to the industry. End-user benefits will include accelerated project execution which will deliver cost-saving through reduced offshore campaigns and vessel time, IK-Group st
DEME acquiring Eidesvik’s installation vessel
DEME has entered into an agreement with Eidesvik to acquire the DP3 offshore installation vessel Viking Neptun, with the transaction expected to be completed in the last few months of this year as the vessel is currently working under a contract with Havfram. According to information on Eidesvik’s c
Wilhelmsen Ship Management takes 80% stake in Ahrenkiel Tankers
Singapore-based ship manager Wilhelmsen Ship Management has signed an agreement to acquire a majority stake in Germany’s Ahrenkiel Tankers, strengthening its position in the tanker market.
Aker BP cleared to drill pilot well in North Sea
Norwegian offshore regulator has granted Aker BP consent for exploration drilling in the North Sea, using the Deepsea Nordkapp rig.
Driven by gas and LNG, global oil & gas investments set to rise in 2022, Rystad says
Global oil & gas investments will expand by $26 bln this year as the industry continues its recovery from the pandemic, Rystad Energy says.
Wilson acquires 11 bulk carriers under Arkon deal
Norwegian short-sea operator Wilson has entered into an agreement to purchase eleven bulk carriers under the lease contract signed with German Arkon Shipping in 2020.
DNV certifies Strohm and Evonik’s TPC carbon fibre for hydrocarbon transport
Strohm and Evonik have secured full certification from DNV attesting that the undirectional Carbon Fibre PA12 tape used for Strohm’s Thermoplastic Composite Pipe (TCP) is fit to use for dynamic sweet and sour hydrocarbons, water, and gas injection applications. The companies, in partnership with the
CNOOC plans to boost output over next three years while fostering energy transition initiatives
CNOOC’s 2022 Business Strategy and Development Plan seeks to increase profit and oil & gas production while advocating green initiatives.
Top energy transition trends to watch in 2022, as seen by Westwood
Westwood Energy and its energy transition team gave us their views on the main trends that oil and gas firms should watch in 2022.