Business & Finance
Esvagt rakes in vessel deals as market activity increases
Danish offshore vessel provider Esvagt has recently won several new deals for its vessels as activity in the oil and gas market increases.
Norwegian exploration player turning into full-cycle E&P as Repsol exits Brage
Lime Petroleum, a subsidiary of Singapore’s Rex International, is buying Repsol’s interest in the Brage field located offshore Norway.
Global Ship Lease buys boxship quartet for $148 million
London-based containership owner Global Ship Lease (GSL) has agreed to purchase four Panamax containerships on multi-year charters.
Axxis Geo Solutions sells 65-meter seismic survey vessel
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has completed the sale of its seismic survey vessel Neptune Naiad. Axxis Geo Solutions entered into a Memorandum of Agreement (MoA) with Sanco Holding in May for the sale of the 65-meter long vessel and certain equipment. The
Wood secures extension with Equinor in Norway
Wood has been awarded an extension to its existing framework agreement with Equinor to support its offshore assets offshore Norway.
Equinor extends the life of Heimdal gas hub
Norwegian oil and gas giant Equinor is extending the life of the Heimdal gas centre, located in the North Sea, to 2023. New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The field partners have now decided to extend operations at Heimdal to 2023
MOL gearing up for North Sea appraisal well
The Norwegian Petroleum Directorate has granted MOL Norge a drilling permit for an appraisal well in the North Sea off Norway.
Hydrogen – the coolest thing you can put on a ship
Hydrogen (LH2), be it blue, or green, is at the heart of the energy transition talks taking place around the globe, especially as major economies of the world pledge to become net-zero nations. Building up the hydrogen society has been a hot potato for decades and the switch from coal, fossil fuels,
Transocean adds $116 million to backlog with fresh deals in Norway
Offshore drilling contractor Transocean has been awarded two contracts for its rigs for operations in waters offshore Norway.
Registration open for Offshore Energy 2021
The registration for Offshore Energy Exhibition & Conference 2021 is now live! The event, to be held on 26 & 27 October in Amsterdam RAI, the Netherlands, will attract thousands of offshore professionals and hundreds of exhibiting companies. Go to registration.offshore-energy.biz to register.
European Council OKs extension of Danish tax cut for shore power
The European Council has approved an extension of the Danish scheme for reduced tax charges for shore power for ships until June 2027. The scheme, which was due to expire in June this year, is being extended amid considerable backing from Danish shipping companies. The extension of the scheme for on
Protesting against oil, Greenpeace activist drops out of sky during EURO 2020, injures several people
Several people were injured after a Greenpeace activist, protesting against oil, parachuted into the Allianz Arena in Munich before a football match in EURO 2020.
Hurricane hires Stena rig for Lincoln P&A, restarts Lancaster well
Hurricane Energy has hired a Stena Drilling-owned rig for plug and abandonment of the Lincoln-14 well, located off the UK and restarted at Lancaster.
Three60 Energy names ex-Wood man as engineering director
Aberdeen-based energy services company Three60 Energy has appointed a new engineering director who joins the company’s engineering, procurement, construction, and commissioning (EPC&C) team.