Business & Finance
Minesto secures Deep Green commercialisation boost
Minesto has secured a SEK 5.8 million (approximately €572,600) grant from the Swedish Energy Agency for the ongoing commercialisation of its Deep Green technology. The grant co-funds a project through which Minesto will develop a next-generation tether system that is set to optimise functionality an
SBM Offshore secures loan to build Brazil’s largest oil production unit
FPSO operator SBM Offshore has secured a $635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré.
UK launches competition to bring electrification a step closer to reality
UK’s oil and gas regulator has launched a decarbonisation competition for the electrification of offshore oil and gas installations.
Sonardyne receives first order for mini subsea navigator
Acteon’s marine technology specialist Seatronics has placed the first-ever order for Sonardyne’s recently launched SPRINT-Nav Mini Navigator. Seatronics made the purchase of what is said to be the world’s smallest hybrid acoustic-inertial navigation instrument for its Valor remotely operated vehicle
Maersk Tankers’ technical management unit has new owner
Synergy Marine Pte. Ltd., a subsidiary of Singapore-based ship manager Synergy Group, has signed an agreement to take over Maersk Tankers’ technical management business.
Norway: August oil output exceeds predictions
Norway’s oil production in August 2021 surpassed the Norwegian Petroleum Directorate’s predictions while the country’s gas output decreased.
WATCH: Time-lapse of JLS beam installation on Pioneering Spirit vessel
A video of the installation of the jacket lift system beams on Allseas’ giant heavy lift, decommissioning, and construction vessel, the Pioneering Spirit.
EnQuest hands in decom plan for Thistle Alpha topsides
UK-based EnQuest has submitted its decommissioning plan for the Thistle Alpha platform topsides to the country’s authorities.
New CRP Subsea tech targets better stability on cables
CRP Subsea has launched a new subsea Motion Stabiliser technology, said to be designed to protect cables, umbilicals and flowlines from motion instability and damage from uncontrolled movement. According to CRP Subsea, engineered to mitigate instability in both axial and lateral directions, the Moti
State-owned Surinamese firm picks Dutch brains on floating solar
Dutch renewable energy start-up SolarDuck has hosted Staatsolie Maatschappij Suriname in a visit to its King Eider floating solar solution.
Polish and Danish regulators ink Baltic Pipe MoU
Poland’s Energy Regulatory Office (ERO) and the Danish Utility Regulator (DUR) have signed a Memorandum of Understanding (MoU) on joint activities for the Baltic Pipe project.
Equinor spuds Egyptian Vulture exploration well
Norwegian oil and gas giant Equinor has started drilling operations on the Egyptian Vulture exploration well located offshore Norway.
Hat-trick for Valaris rigs with one new deal aimed at CO2 project
Valaris has secured three new contracts for its rigs. One of the contracts will involve operations on a carbon storage project.
Trio to develop concept for green hydrogen production on converted jack-up rig
Aquaterra Energy has signed a partnership with Lhyfe and Borr Drilling to develop a concept for green hydrogen production in the North Sea.