Business & Finance

Turkey unveils new gas discovery in Black Sea
Turkey’s national oil and gas company TPAO has discovered 135 bcm of natural gas in the North Sakarya field located in the Black Sea.

Rovco sets up hydrographic services division
The UK-based Rovco has launched a new hydrographic services division in which it plans to invest £9.5 million over the next two years. Rovco Survey Solutions will offer wind farm site and cable route surveys, seabed mapping, geophysical and shallow geotechnical services, as well as hazard surveys an

Erma First acquires Germany’s marine water system supplier
Greece-based ballast water equipment manufacturer Erma First has obtained German marine water system provider RWO, considered to be one of the leading suppliers of systems for water and wastewater treatment aboard ships and offshore rigs.

Safety watchdog audits Aker BP’s well plans due to challenging location
Norwegian offshore safety regulator has carried out an audit of Aker BP and its planning for exploration drilling in the Barents Sea.

Siccar Point to start drilling on delayed UK project next year
Siccar Point Energy is moving forward with its Cambo field development project, located West of Shetland, which was delayed last year.

Eco Wave Power names head of Portuguese operations
Wave energy developer Eco Wave Power Global has appointed Pedro Ernesto Ferreira as head of its Portuguese operations.

IOG installs two unmanned platforms in UK North Sea
IOG has confirmed that the Blythe and Southwark gas platforms have been installed at their field locations in the UK Southern North Sea.

New CFO to join helicopter operator NHV
Offshore helicopter operator NHV Group has appointed Laurent Verhelst as the Chief Financial Officer (CFO) of the company.

In focus: ‘Energy transition, step up your game’
There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels

Ashtead invests £1 million in sonar imaging and subsea tech
Ashtead Technology has invested over £1 million in a range of EdgeTech sonar imaging and underwater technology systems to enhance its equipment fleet.

Peninsula to own, operate LNG bunker barge with Scale Gas
Scale Gas, a subsidiary of Spanish energy company Enagás, and marine fuel supplier Peninsula have reached an agreement for the construction, joint ownership and charter of LNG bunker vessel to service in the Strait of Gibraltar.

World’s first offshore green hydrogen plant to go online in France
An offshore hydrogen production plant powered by electricity from a floating wind turbine is scheduled to be put into operation next year in France. The hydrogen production system will be installed at the SEM-REV demonstration site off the coast of Le Croisic in France, where it will be linked with

Hurricane may face wind-down if no agreement for Lancaster FPSO is reached
Hurricane Energy is looking to shorten the bareboat charter term for Bluewater’s FPSO Aoka Mizu due to significant financial obligations.

Novatek, Gazprom Neft form Arctic E&P joint venture
Russian energy firms Novatek and Gazprom Neft have formed an exploration and production joint venture which will focus on developing a license in the East Siberian Sea and the Chukchi Sea.