Business & Finance
Sentinel secures funding for subsea well monitoring technology
Sentinel Subsea has secured a six-figure investment from Alba Equity and Scottish Enterprise for the development of WellSentinel, its technology for the monitoring of subsea wells. WellSentinel allows for long-term remote monitoring and managing of the integrity of subsea wells, wellheads and Xmas t
Bank of Korea to help Greek shipowner in financing newbuilds
The Export-Import Bank of Korea will provide financing to the Greek Angelicoussis Shipping Group in its large ships orders at Korean shipyards.
In focus: Energy transition reels in more oil & gas majors as coal power producer enters offshore renewables market
Another week has gone by not leaving us wanting on energy transition developments, as several updates on renewable energy, clean fuels, decarbonisation, and net-zero strategies made headlines – most notably those from the traditionally fossil fuel-oriented players.
Seatronics, RTsys sign global distribution agreement
Seatronics has entered into a global distribution agreement with French manufacturer RTsys for the autonomous underwater vehicles (AUV) and passive acoustic monitoring (PAM) product lines.
Counting down to Offshore Energy Exhibition & Conference 2021
In less than two weeks, Offshore Energy Exhibition & Conference 2021 will open its doors! The industry will meet again face-to-face on 26 and 27 October 2021 in RAI Amsterdam.
Stena rig plotting a course to final Kinsale location
PSE Kinsale Energy is preparing to move a Stena Drilling-owned rig to a final location as part of the decommissioning campaign of the Kinsale gas fields.
Falcon ROV to support subsea ops in Turkish waters
ARAS Marine has purchased a deep-rated Saab Seaeye Falcon remotely operated vehicle (ROV) to support the company’s operations in international and Turkish territorial waters.
Subsea 7-Schlumberger consortium wins offshore Turkey
The consortium of Subsea 7 and Schlumberger has won an engineering, procurement, construction, and installation (EPCI) contract by Turkish Petroleum for subsea equipment for the Sakarya development in the Black Sea.
Viaro’s RockRose buys batch of UK North Sea assets from SSE
Viaro Energy has completed the acquisition of a number of producing assets in the UK North Sea from energy company SSE.
Berenberg launches two new shipping funds
Germany’s private bank Berenberg has added two new closed-end multi-investor shipping funds to its portfolio.
Ørsted teaming up with Polish coal power producer to bid in offshore wind auctions
Ørsted and ZE PAK (Zespół Elektrowni Pątnów-Adamów-Konin), Poland’s second largest producer of energy from coal-fired plants with a strategy for phase-out until 2030, have signed a letter of intent to jointly participate in the upcoming auction for seabed leases in Poland and the country’s Contract
Shell’s new Upstream boss to also join executive committee
Oil major Shell has made changes to its executive committee by adding a new director and changing the role of a current member.
Repsol invests $2.96 billion in renewable hydrogen push
Spanish oil and gas company Repsol says it will invest €2.549 billion ($2.958 billion) in the entire hydrogen value chain by 2030. Renewable hydrogen is one of Repsol’s strategic pillars to achieve zero emissions by 2050. Thus, the company presented its hydrogen strategy for up to 2030 Its goal is t
Manor Brunel to sport Teledyne survey equipment
Manor Renewable Energy (MRE) has placed an order with Teledyne for survey equipment to be installed onboard its new survey vessel Manor Brunel.