Business & Finance
Subsea 7 and NOC set up research alliance for better ocean understanding
Subsea 7 and the UK’s National Oceanography Centre (NOC) have launched a research alliance focused on improving the scientific understanding of global oceans for a sustainable marine future. The BORA Blue Ocean Research Alliance will accelerate the knowledge of global ocean processes through a numbe
Norwegian companies enter offshore wind alliance
Aker Solutions, DeepOcean, and Solstad Offshore have entered into an alliance to combine their capabilities and expertise and form an integrated one-stop-shop provider for the offshore wind industry. The Windstaller Alliance plans to offer product deliveries, fabrication services as well as marine a
Bureau Veritas and AYOP hook up to address decommissioning challenge
Bureau Veritas has joined Dutch advocacy and networking group Amsterdam IJmuiden Offshore Ports to tackle the decommissioning challenge.
TechnipFMC targets composite pipe tech with Magma Global buy
TechnipFMC has completed the acquisition of outstanding shares of Magma Global with an aim to accelerate the development of composite pipe technologies for conventional energy and CO2 applications.
Maersk Drilling secures right to all drilling work on Greensand carbon storage project
Maersk Drilling has entered a framework agreement with the Nini Joint Venture for the supply of rigs for the Greensand carbon storage project.
BP retesting Clair Ridge crew after five test positive for Covid-19
BP has confirmed that five crew members on its platform off the UK have tested positive for Covid-19 and have been flown to shore.
GasLog sells GasLog Salem LNG carrier to CDBL
Greek owner and operator of LNG carriers GasLog has completed the sale of GasLog Salem LNGC to a subsidiary of China Development Bank Leasing (CDBL) for $128 million.
Harbour Energy granted carbon storage licence for North Sea field
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has awarded a carbon dioxide appraisal and storage licence to Harbour Energy.
Norwegian, German regulators approve Octopus Bidco’s Ocean Yield acquisition
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has received clearance from the Norwegian Competition Authority and the German Federal Cartel Office to acquire Norwegian shipowner Ocean Yield ASA.
GasLog gets $325m financing from US investment firms
Greek owner and operator of LNG carriers GasLog has entered into a note purchase agreement with the U.S.-based investment companies Carlyle and EIG for an amount of up to $325 million.
MMT appoints interim CEO
Swedish marine survey specialist MMT has appointed Sara Båth-Dahlström as CEO, succeeding Per-Olof Sverlinger. Båth-Dahlström, who is taking over the position on an interim basis, has been with the company since 2019. MMT appointed Per-Olof Sverlinger as its CEO back in the summer of 2018. Sverlinge
Stena Drilling teams up with blockchain start-up in digitalisation push
Stena Drilling has entered into a partnership with SmartChainServices to develop further smart solutions for the energy sector.
Cognite enlisted to empower BP’s well operations
BP has signed a new two-year agreement with Cognite to optimise well design and workflows using a single consolidated data layer solution.
Equinor’s Johan Castberg oil project now two years behind schedule
In addition to previous delays due to weld quality, Equinor has experienced further delays and cost overruns on its Johan Castberg project.