Business & Finance
UK port investment surpasses £1B mark in 2021
UK port investment topped £1 billion (around $1.3 billion) in 2021 despite continuing pandemic volatility, new research published by the British Ports Association (BPA) shows.
TeamSeas ocean-trash cleanup campaign raises $30M
TeamSeas reached its $30M goal in the final hours of New Year’s Day.
Norwegian player expands North Sea footprint after closing Aker BP and Repsol deals
Lime Petroleum has increased its North Sea footprint by completing the deals signed with Aker BP and Repsol earlier in 2021.
New Magseis Fairfield chief geophysicist comes from Shell
Norway-based Magseis Fairfield has appointed former Shell manager Fons ten Kroode to the position of chief geophysicist, effective from 1 February. Ten Kroode, who is joining Magseis Fairfield after spending 30 years at Shell, will be based in the company’s headquarter at Lysaker. “I am pleased to w
Sound Energy wraps up LNG supply with Afriquia Gaz
Energy transition company Sound Energy has completed the previously announced LNG sale and purchase agreement with Moroccan LPG distributor Afriquia Gaz.
d’Amico inks first sustainability-linked loan
d’Amico International Shipping (DIS), a marine transportation company, has signed a contract for its first sustainability-linked loan as part of the refinancing of all debt maturing in 2022.
Equinor kicks off drilling operations in Norwegian Sea
Norwegian oil and gas player Equinor has started drilling an exploration well in the Norwegian Sea, using a semi-submersible rig.
Azerbaijan’s oil output drops down considerably from 2020 figures
Azerbaijan’s Ministry of Energy has revealed that the country’s oil production decreased by 16.5 thousand tons compared to the 2020 figures.
Kites powered by offshore wind preparing for lift-off
Tech startup Hydro Wind Energy is in the process of developing scaled prototypes of high-altitude kites powered by offshore wind with the goal to ”disrupt global energy and desalination markets”. The technologies for power generation and energy storage, OceanHydro Wind, and water desalination, SubSe
IOG spuds North Sea well after overcoming technical issues
IOG plc has finally started drilling the first Southwark development well following a two-month hiatus due to rig issues.
Equinor cleared to use Odfjell rig for North Sea well
Equinor has received consent from the Norwegian regulator to use the Deepsea Stavanger rig for exploration drilling in the North Sea.
Russia’s oil output to rise by 5 per cent in 2022
Russia’s the oil output expected to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.
Harbour Energy finds ‘marginal’ hydrocarbon accumulations in North Sea well
Harbour has completed the drilling of the Dunnottar exploration well in the UK North Sea, encountering marginal hydrocarbon accumulations.
Belships enters 2022 offloading another old bulk carrier
Norwegian shipowner Belships has entered into an agreement with an undisclosed client for the sale of its 58,000 dwt supramax bulk carrier.