Business & Finance
Boxfish, Transmark unveil long-endurance underwater observation vehicle
New Zealand-based Boxfish Research and Norway’s Transmark Subsea are set to launch a new class of an autonomous underwater observation vehicle, said to be capable of being deployed underwater for months. The ARV-i, which will be launched in mid-October, enables continuous monitoring of underwater as
Greenpeace seeks to appeal before Supreme Court after losing against BP
Greenpeace will be looking to appeal a decision by a UK court after losing its case against BP over a permit to drill in a North Sea field.
Eni launches IPO process for Gas and Power business
Italian oil and gas company Eni has launched a process for an initial public offering (IPO) and listing of shares in its newly merged Gas&Power retail and renewables business. Gas&Power retail and renewables business is referred to as ENI R&R. Eni plans to complete the transaction during 2022, subje
Petrofac joins forces with Gazprom to boost Russia’s industry expansion
Petrofac has signed a strategic partnership with Gazprom to export and promote the Russian energy industry on the domestic and global markets.
OEG finalizes Hughes Subsea Services purchase
OEG Offshore has completed the acquisition of Hughes Subsea Services, marking the company’s third offshore wind-focused purchase for this year. Liverpool‐based Hughes will retain its distinct name and its founder Ian Hughes will continue to be the managing director. “Being part of OEG means we will
No oil for Lundin after drilling in North Sea
Lundin Energy is in the process of concluding the drilling of a wildcat well in the North Sea after encountering disappointing results.
Lukoil paying $2.25 billion for Shah Deniz stake
Lukoil has concluded an agreement on acquiring an interest in the Shah Deniz gas project in the Caspian Sea from Petronas.
Rovtech targets Scandinavia through new partnership
UK-headquartered Rovtech Solutions has signed a memorandum of understanding (MoU) with Norway’s Deepsea Solutions to expand its customer base and require local representation in Scandinavia. The new partnership will give Deepsea Solutions exclusive access throughout Scandinavia to the most up-to-dat
European tidal energy innovators in the running for $100K Ocean Exchange prize
Irish marine energy developer GKinetic Energy and Norwegian tidal energy company Tidal Sails have been featured in the Ocean Exchange shortlist for the $100,000 award bestowed to green and sustainable ocean energy innovations.
Damen’s first new fast crew supplier completes sea trials
Damen’s first FCS 7011 vessel has successfully finished its sea trials off the Turkish coast and is set to head to the Netherlands.
Orbital Marine to showcase UK’s tidal power prowess at Global Investment Summit
The UK government has unveiled the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit – one of which is the Scottish-based tidal energy company Orbital Marine Power.
Equinor books COSL rig to drill up to nine wells
Equinor has awarded COSL Offshore Management a contract to drill on Statfjord Øst field off Norway with the COSLPromoter rig.
Methanol-fueled ship pioneer Marinvest has a new owner
Clean Sea Transport has acquired 100% of the shares in Swedish shipping company Marinvest AB to promote clean fuels in the shipping sector.
UK regulator rejects Shell’s plan for North Sea gas project
UK petroleum regulator has not approved Shell’s proposed plan for an ultra-high pressure/high-temperature gas field in the UK North Sea.