Business & Finance
Shell boosts dividend after 2Q profit surge
Shell has decided to boost its dividend for the second consecutive quarter this year after seeing an increase in quarterly profit.
Neptune Energy’s North Sea project approved for August start-up
Norwegian authorities have granted consent for the start-up of the Neptune Energy-operated Duva field in the North Sea off Norway.
UKEF backs First Subsea offshore wind contracts
Scottish firm First Subsea has secured several offshore wind contracts in overseas markets with financial backing from UK Export Finance (UKEF).
BP fined by regulator in UK over licence breach
The OGA has fined BP and served it with a sanction notice for breaching a licence condition by failing to report on two extended well tests.
Dutch start-up gearing up to tame the waves off The Hague
A newcomer in the wave energy sector, founded only a year ago with a name that pretty much speaks for itself – Dutch Wave Power – is preparing to launch its scaled wave energy prototype device for real sea trials offshore The Hague in the Netherlands.
Longboat says Equinor gearing up for a spud as exploration activity in Norway picks up
Equinor will start drilling a well off Norway in late August. This is the first of seven wells planned to be drilled by Longboat following three farm-in deals.
SIMEC Atlantis shares bounce back after main shareholder reclaims control
The UK-based tidal energy developer SIMEC Atlantis Energy has recorded a rise in the value of its shares after its main shareholder regained control of its stake in the company from the administrators.
Wellesley and Equinor swap development assets in Norway
Wellesley Petroleum and Equinor have signed a sale and purchase agreement covering several development assets located in Norway.
TechnipFMC’s figures increase as subsea activities ramp up
TechnipFMC’s Subsea division has reported an adjusted EBITDA of $154.1 million in the second quarter of 2021, a 14% increase compared to the first quarter of the year. The division saw a revenue of almost $1.4 billion, a modest improvement, and an operating profit of $72.4 million, a significant inc
EnQuest’s decom plan for Heather topsides gets green light
EnQuest has received approval from the UK authorities for its decommissioning programme for the Heather topsides in the UK North Sea.
Awilco to challenge tribunal decision over UK tax bill
Awilco Drilling has lost an appeal over a £6.8 million tax bill, arising from the termination of a drilling contract for one of its rigs.
Transocean finds work for five drillships and four semi-subs
Transocean has secured new contracts for five drillships and four semi-submersible rigs but also received a termination for one of the rigs.
DeepOcean rebooks Solstad’s Normand Jarstein
Solstad Offshore has secured a new contract with DeepOcean for its construction support vessel (CSV) Normand Jarstein. The CSV will support DeepOcean’s inspection, maintenance, and repair (IMR), light construction, offshore renewables and recycling projects. The contract will commence in the first q
PGS and CGG enter CO2 storage partnership
PGS and CGG have signed a Memorandum of Understanding (MoU) to combine their seismic multi-client products and technical capabilities applied to the carbon capture utilization and storage (CCUS) sector. The seismic players stated they want to join forces and unlock the value of existing seismic data