Business & Finance
North Sea workers vote for all-out strike in push against job & pay cuts
Following a dispute over cuts, Unite has revealed plans to take industrial action, after workers cast their votes to undertake strike action.
Reach Subsea books Olympic Subsea trio for next year
Reach Subsea has entered into an agreement with Olympic Subsea for the extension of contracts for two subsea vessels and a new contract for one vessel for the 2022 season.
Awilco pursuing recycling options for stacked rig
Offshore drilling contractor Awilco Drilling has now decided to scrap one of its rigs, which has been stacked for years.
Offshore wind cable market to grow six-fold this decade – RenewableUK
The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to th
Accommodation jack-up all set up on Tyra field
Jacktel’s accommodation jack-up Haven has now started operations for TotalEnergies at the Tyra field offshore Denmark.
SeaBird inks LoI for two-vessel OBN project
SeaBird Exploration has received a letter of intent (LOI) for the provision of two source vessels for an ocean bottom node (OBN) project.
Solstad hands over another vessel to undisclosed buyer
Farstad Shipping, a subsidiary of Solstad Offshore, has sold another one of its vessels to a buyer, whose identity was not revealed.
COP26 ends with ‘weak and compromised’ line on phasing down fossil fuels
After two weeks of intense negotiations, COP26 closed over the weekend and the final outcome is a document known as the Glasgow Climate Pact.
UK firm to power Jan De Nul’s new subsea trencher
MJR Power and Automation has secured a contract with offshore equipment supplier Osbit to assist with the design and construction of a 1200 kW offshore power van for the Swordfish subsea trenching vehicle.
SCF secures green loan for 2 new shuttle tankers
Russia’s largest shipping company PAO Sovcomflot (SCF Group) has signed a new $110 million credit facility to finance two new ice-class shuttle tankers.
Saipem to get over $600 million from two fresh deals
Saipem has been awarded two new offshore contracts for transportation and installation activities for a total amount of over $600 million.
Saab Seaeye breaks personal record as Ocean Infinity orders 10 eWROVs
Saab Seaeye has signed a contract with launch customer Ocean Infinity for ten of its new electric work remotely operated vehicles (eWROVs).
Shell to ditch dual share structure and Royal designation to speed up transition
Royal Dutch Shell will simplify its share structure and remove the Royal designation from its name to speed up its transition.
RWE to invest €50 billion in renewables, green hydrogen, energy storage
RWE will invest €50 billion gross in offshore wind and other renewables, hydrogen, flexible generation and batteries until 2030, by which time the company plans to double its portfolio to 50 GW from the previously planned 25 GW. In offshore wind, the company intends to triple its capacity from 2.4 G