Business & Finance
Offshore watchdog checks up on Equinor’s preparations for plug & abandonment ops in North Sea
Offshore regulator has found no irregularities following an audit pertaining to the permanent plugging of wells at Equinor’s North Sea field.
BIFA urges UK govt to investigate container shipping market
The British International Freight Association (BIFA) has called upon the UK government to investigate the state of competition within the current deep sea container shipping market.
Nordic Shipholding sells last three tankers in its fleet
Denmark-based shipowner Nordic Shipholding has decided to dispose of the remaining three tankers in its fleet.
New OBN project on the horizon for Magseis Fairfield
Magseis Fairfield has received a conditional award of an ocean bottom node (OBN) survey contract from an undisclosed repeat customer. Start-up is expected in the third quarter of the year and the project will run for approximately two months. The Norwegian company did not reveal any other details ab
Busy year ahead for EnerMech as new deals spur headcount increase
EnerMech has kick-started 2022 expecting to have a busy year ahead with deals worth over $675.5 million secured through new awards in 2021.
Neptune Energy’s new digital twins to support Dutch carbon capture and storage project
Oil and gas company Neptune Energy has developed new “digital twins” of two platforms in the Dutch North Sea.
Amazon Warrior leaves South Africa as Shell halts controversial survey
Oil major Shell has decided to terminate the current contract for the survey vessel Amazon Warrior after it had to halt its seismic survey activities along South Africa’s Wild Coast following a court decision. According to the latest AIS data, Amazon Warrior has left South Africa and is currently on
Valaris finds more work for its rigs
Valaris has been awarded several new contracts for its rigs for operations in the Gulf of Mexico, Australia, and the UK North Sea.
Piraeus Bank sells bad shipping loans for €400M
Greek multinational financial services company Piraeus Bank has reached an agreement to sell a portfolio of non-performing shipping loans for €400 million (about 452.7 million).
Tufton Oceanic buys tanker and bulker
UK’s investment company Tufton Oceanic Assets Limited has decided to expand its fleet with two vessels.
Skuld joins global initiative for zero-carbon shipping
Skuld, a marine insurance provider, has joined the Maersk Mc-Kinney Moller Center (MMMC) for Zero Carbon Shipping, an independent not-for-profit research and development center, as part of its stated intention to protect ocean industries.
Dutch approve NeuConnect offshore works
NeuConnect, a new interconnector between the UK and Germany, has received permits from the relevant Dutch authorities for works offshore the Netherlands. A section of the project’s subsea cabling route will pass through Dutch waters in the North Sea, requiring a Water Permit and a Nature Permit, whi
Aker BP getting ready for North Sea well
Norwegian offshore petroleum safety regulator has granted Aker BP consent for exploration drilling in the North Sea.
Ex-Valaris boss joins private equity firm to help build energy transition portfolio
A former CEO of Valaris is joining SCF Partners, a private equity group based in Houston, Texas and offices in Calgary, Singapore, and Aberdeen.