Business & Finance
Aker Solutions to reuse existing equipment for new Asgard subsea compression module
Aker Solutions has secured a contract with Equinor to deliver engineering, procurement and construction (EPC) of a subsea compression module to be installed at the Åsgard gas field offshore Norway.
Stena Drilling mulls option to buy new drillship from Samsung Heavy
Stena Drilling has revealed an agreement with South Korea’s Samsung Heavy Industries related to an option to buy a newbuild drillship.
Tekmar, Covestro looking into more sustainable materials for subsea cable protection
Tekmar Group and Covestro have set up a long-term collaboration to explore alternative and more sustainable materials for subsea cable protection systems (CPS).
Rockhopper and Navitas starting new chapter in Sea Lion project as Harbour heads out
Rockhopper, Harbour Energy, and Navitas Petroleum have signed heads of terms, which will allow Harbour a clean exit from the Sea Lion project.
UK player to sell Norwegian assets and Statfjord UK in $1 billion deal
UK company Spirit Energy has entered into agreements to divest its Norwegian business, including the Statfjord UK field for $1.076 million.
Reach Subsea buys Norwegian geophysical monitoring solutions provider
Reach Subsea has entered into an agreement with Equinor Ventures to acquire OCTIO, a provider of geophysical monitoring solutions for hydrocarbon producing fields and CO2 storage reservoirs.
Maersk Training elects new CEO to expand in energy and maritime markets
Maersk Training has appointed a new CEO in push to expand its footprint in offshore energy and maritime markets.
Tidal energy innovators take share of £116M UK government investment
Two tidal energy projects, led by major companies Nova Innovation and Magallanes Tidal Energy, have been selected to receive a share of £116 million to drive forward green innovation in the UK.
EuropeWave picks lucky seven
The €20 million EuropeWave scheme has selected seven wave energy projects for support to further develop their device concepts in the first half of 2022.
Wood put in charge of FEED services on two Saudi Aramco oilfields
Wood has secured a contract with Saudi Aramco to deliver services for two of its oilfields in Saudi Arabia.
Höegh LNG offers buyout of Höegh LNG Partners
Norway’s floating terminal projects company Höegh LNG wants to buy all publicly held common units of the Bermuda-based Höegh LNG Partners in exchange for $4.25 in cash per common unit.
Ernst Russ boosts fleet with 12 feeder vessels
German shipping company and maritime investment manager Ernst Russ has decided to increase its stake in a fleet holding company, thereby expanding its fleet with twelve containerships.
North Sea Midstream Partners joins Acorn Project in UK
Storegga, Shell, and Harbour Energy have revealed that North Sea Midstream Partners has acquired stake in the Acorn CCS and Hydrogen Project in the UK.
North Sea Link to enter 2022 at reduced capacity
The North Sea Link (NSL) interconnector between Norway and the UK will operate at reduced capacity until mid-February 2022 following a fault detected in one of its converters, Norwegian system operator Statnett reported.