Business & Finance
Ashtead and Hydromea team up for subsea equipment
Subsea technology and services provider Ashtead Technology has entered into a global rental partnership with Switzerland-based subsea wireless access provider Hydromea. Under the deal, Ashtead Technology will promote and use Hydromea’s LUMA high-speed through-water wireless optical modems as an inte
Neptune to test additional prospect in Dugong licence
Neptune Energy is planning to test an additional prospect in a North Sea licence where its large Dugong offshore discovery is located.
Solstad secures North Sea job
Norwegian offshore vessel owner Solstad Offshore has secured a contract for one of its platform supply vessels (PSVs) in the UK North Sea.
Harbour Energy expects low output to bounce back as delayed project nears start-up
Harbour Energy has experienced a negative impact on production during the first five months of 2021 due to planned maintenance and outages.
TGS acquires three Polarcus 3D multi-client seismic surveys
Norwegian energy data and intelligence provider TGS has acquired three 3D multi-client seismic surveys of Polarcus offshore Australia.
Norway offers four licences to seven oil & gas players
Seven oil and gas companies have been offered four production licences located offshore Norway as part of the country’s 25th Licensing Round.
Baker Hughes and Borg CO2 to collaborate on Norwegian CCS hub
Oilfield services major Baker Hughes and Norwegian carbon capture and storage developer Borg CO2 have signed a memorandum of understanding (MOU) to collaborate on a CCS project to serve as a hub for the decarbonization of industrial sites in the Viken region of Norway.
Teledyne Optech makes first delivery of CZMIL SuperNova
Teledyne Optech has delivered its next-generation geospatial bathymetric lidar CZMIL SuperNova to Norwegian mapping firm Terratec. Terratec is the first private company to acquire the CZMIL SuperNova since Teleydne Optech launched it in mid-June. “Terratec is excited to be the first customer worldwi
Eco Wave Power files preliminary prospectus for $9M IPO on U.S. Nasdaq
Swedish-Israeli company Eco Wave Power Global (EWPG) has filed a preliminary prospectus for a contemplated $9 million initial public offering (IPO) of shares for trading on Nasdaq in the United States.
TECO 2030 raises more funds for its fuel cell development
Norwegian engineering and equipment development company TECO 2030 ASA has raised NOK 20 million ($2.3 million) through a private placement of 3.2 million of new shares. The shares were issued at a price of NOK 6.164 per share to three new investors. “We intend to use the net proceeds from the privat
EnQuest renews Kittiwake gig for Petrofac
Petrofac will build on its 18-year tenure supporting the Kittiwake platform, following the award of a contract extension from EnQuest.
MPC Container Ships to acquire Songa Container in $210m deal
Norwegian containership owner MPC Container Ships ASA has entered into a share purchase agreement to acquire compatriot Songa Container AS for $210.25 million on a debt and cash-free basis. Upon closing of the deal, Songa’s fleet will comprise 11 container vessels with an average size of 2,250 TEU a
3 reasons electrification of ships makes sense
Electrification and hybridization of ships have been picking up in the industry for a while now, being the predominant choice for short-sea shipping. There are several solutions on the market to choose from such as shore power connection, battery hybrid solutions, shaft generators, or alternative el
Hapag-Lloyd behind order for 6 dual-fuel ULCVs at DSME
German liner major Hapag-Lloyd revealed it has hired the South Korean shipyard Daewoo Shipbuilding & Marine Engineering to build six dual-fuel containerships with a capacity of over 23,500 TEU. The shipbuilder disclosed the deal earlier today, without naming the company behind the order. The contrac