Business & Finance
Samsung Heavy gets rid of ex-Ocean Rig drillship with hopes to sell three more
South Korea’s shipbuilder Samsung Heavy Industries has agreed to sell a former Ocean Rig drillship to an unnamed European company.
UK port set for revival with plans to recycle old rigs into foundations for floating wind farms
UK’s Ardersier Port, which was one of the largest oil rig fabrication yards in the world, is now set to be transformed into Europe’s first fully circular energy transition facility.
Greek cable manufacturer starts its net-zero journey
Greek cable manufacturer Hellenic Cables has submitted its commitment to the Science Based Target Initiative (SBTi) to achieve net-zero greenhouse gas emissions by 2050. Hellenic Cables commits to developing science-based targets according to the SBTi Net-Zero Standard announced on 28 October which
Vysus to inspect Well-Safe’s rig ahead of upcoming North Sea decom gigs
ModuSpec has been chosen to verify whether the Well-Safe’s rig is fit for purpose to complete the upcoming decom campaigns in the North Sea.
Swimsol grabs $14M loan for rooftop and floating solar in the Maldives
Austrian solar energy developer Swimsol has secured $14 million loan from the Swiss sustainable asset manager responsAbility and the Development Bank of Austria (OeEB) to advance its floating solar activities in the Maldives and other island states.
Report reveals decline in UK North Sea well numbers but better success rates
UK petroleum regulator has revealed that the number of exploration and appraisal wells spudded has declined, but success rates have improved.
BP buying JX Nippon’s stakes in North Sea fields
UK oil and gas giant BP has agreed to buy JX Nippon’s interests in the Andrew area located in the UK North Sea.
Fugro Pioneer in methanol switch
Fugro has received a “major” subsidy from the Netherlands Enterprise Agency (RVO) for the development of methanol as a clean energy fuel for its vessels.
Ashtead adds subsea plug and play 3D insight solution to offering
Subsea technology and services provider Ashtead Technology has entered into a global partnership with Whitecap Scientific Corporation for the ROV3D Recon computer vision solution that transforms subsea video collected by ROVs into real-time 3D data.
Mobility R&D fund investing in Dutch hydrogen-powered shipping
Mobility R&D fund in the Netherlands has granted a €24.2 million (approximately $27.5 million) subsidy to a Dutch project consortium focused on maritime hydrogen applications.
Lundin adds extra well to Odfjell rig’s backlog
Oil and gas company Lundin has decided to exercise its option for an additional well for an Odfjell Drilling-owned rig.
Proserv and Trendsetter join hands for subsea services and equipment
Proserv Controls and Trendsetter Engineering have signed a Memorandum of Understanding (MoU) for the joint supply of integrated subsea hardware and controls.
Maersk rig re-hired for North Sea well
Maersk Drilling and Petrogas have agreed to exercise the previously agreed option to employ a jack-up rig to drill a well in the UK North Sea.
Neptune picks Maersk Supply for UK decommissioning job
Neptune Energy has awarded Maersk Supply Service (MSS) with a decommissioning contract for the removal of subsea infrastructure at the Juliet field in the UK.