Business & Finance

Rockhopper CFO to resign over role in another company
Rockhopper Exploration’s current Executive Director and CFO has announced his intention to resign from his roles in the company.

Bristow to offer sustainable aviation fuel option after first such flight for BP
Bristow has completed a flight to BP’s assets using sustainable aviation fuel, which it plans to offer to its clients.

Siccar Point hits pause on controversial Cambo project after Shell’s exit
Siccar Point Energy has decided to suspend its controversial Cambo offshore oilfield development following a recent exit by Shell.

John Fredriksen firm takes interest in Valaris
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris.

Lukoil and Petronas change Shah Deniz deal due to pre-emption by partners
Lukoil and Petronas have changed their previous agreement related to Lukoil’s acquisition of an interest in the Shah Deniz project.

ExxonMobil and QatarEnergy expand footprint in Cyprus with new block entry
A consortium comprising ExxonMobil and QatarEnergy has signed an exploration and production sharing contract with Cyprus.

Neptune Energy to ring in the new year with new CEO
Neptune Energy has revealed the name of its new CEO, who will take over the role after the current one retires at the end of the month.

SEA-KIT to add new 12-meter USV to its fleet in 2022
SEA-KIT International is planning to build a new X-class 12-meter unmanned surface vehicle (USV) as a fleet vessel for launch in 2022.

Welsh renewables review puts spotlight on marine energy
The outcome of the Welsh government’s Deep Dive into Renewable Energy review into scaling up renewable energy deployment has been released, with a large number of recommendations particularly relevant to the marine energy sector.

Lundin gets green light for exploration drilling off Norway
Lundin has received consent from the offshore regulator to use the Deepsea Stavanger rig for exploration drilling in the Norwegian Sea.

Danish govt bankrolls two projects for CO2 storage in North Sea
Denmark’s government has approved funding for two CCS projects, which will use the existing oil and gas infrastructure in the North Sea.

NEO Energy gains access to key North Sea hubs after closing ExxonMobil deal
HitecVision-backed NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the North Sea.

Hamburg: Container, cruise terminals to get shore power connection
The Hamburg City Council has commissioned the Hamburg Port Authority (HPA) to install shore power systems at the Burchardkai, Tollerort and Eurogate container terminals as well as the Steinwerder and HafenCity cruise terminals.

No traces of petroleum for PGNiG in Norwegian Sea well
PGNiG is in the process of concluding the drilling of a wildcat well in the Norwegian Sea, as the well turned out to be dry.