Business & Finance
Fresh extension for Shelf Drilling rig in Italy
Offshore drilling contractor Shelf Drilling has secured a contract extension for a jack-up rig for operations in the Adriatic Sea offshore Italy.
Two Norwegian players abandon plans to merge decom operations
Aker Solutions and AF Gruppen have terminated their plans to merge the two companies’ existing decommissioning operations.
Norwegian JV gets public funding to build ammonia-fueled ships
Ammonia-powered shipping JV has been awarded NOK 13.75 million in funding to build ammonia-powered vessels.
Kongsberg Maritime upgrades safety and automation systems on Aker BP’s FPSO
Kongsberg Maritime has successfully updated 19 Safety and Automation Systems (SAS) controllers on Aker BP’s FPSO vessel.
Shell goes ahead with seismic survey off South Africa but faces new court hearing
Shell has kicked off its controversial seismic survey activities off South Africa despite growing opposition from environmentalists.
Nova Innovation ups tidal power tempo with €2.5M EIC grant
Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.
DNV expects oil & gas capex to shrink and offshore wind growth to trigger race for ocean space
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Gunvor ties up $1.13 billion LNG facility
Swiss commodity trader Gunvor Group has signed a $1.13 billion syndicated borrowing base facility to support the working capital needs of the company’s LNG activities globally.
PetroNor names interim replacement after authorities detain CEO on suspicion of criminal offence
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
BEST sets sights on becoming greenest container terminal in Mediterranean
Hutchison Ports BEST, a semi-automated terminal, aims to become the greenest container terminal in the Mediterranean with 100% electricity coming from renewable sources starting from 2022.
Leonardo da Vinci sports Miros WaveSystem technology
Norwegian sea-state monitoring firm Miros has installed its WaveSystem IoT dry-sensor onboard Prysmian’s cable-laying vessel Leonardo da Vinci.
Five players chasing carbon storage areas offshore Norway
Norway’s government has received applications from five companies for two areas associated with the injection and storage of CO2.
Golar to separate its 8 TFDE LNG carriers into CoolCo
Bermuda-based LNG shipper Golar has entered into a pre-commitment agreement for the newly-formed firm Cool Company (CoolCo) to acquire its eight TFDE LNG carriers.
AqualisBraemar LOC takes the reigns at Innosea
AqualisBraemar LOC Group has taken the full ownership of engineering, design and R&D consulting firm specialising in marine renewables Innosea.