Business & Finance
Argeo secures survey work, orders newbuild AUV
Norwegian marine survey contractor Argeo has ordered a newbuild SeaRaptor 6000 autonomous underwater vehicle (AUV) from Teledyne Gavia, in parallel with securing a deep-water survey contract in the Pacific region.
Equinor and partners to invest $384 million in Barents Sea project
Equinor and its partners Petoro, Total, Neptune, and Wintershall Dea have decided to develop the Askeladd Vest project off Norway.
HyNet North West granted £72m for net-zero push
UK’s hydrogen and CCS project HyNet North West has received £72m funding, marking a major step forward in UK’s drive to net-zero.
OMV Petrom to operate Black Sea block if Romgaz takes over Exxon’s share
In case Romgaz finalizes the takeover of the Neptun Deep project from ExxonMobil, Romania’s OMV Petrom will become the operator.
Fugro bags offshore wind contracts in South Korea and U.S.
Fugro has been awarded contracts in the offshore wind sector in South Korea and the U.S., according to the company’s results for the first quarter of 2021. In South Korea, Fugro has won a contract for a site investigation programme for a floating offshore wind farm. The company did not disclose any
Aker and Strathclyde Uni collaborating on wind turbine blade recycling
Aker Offshore Wind, Aker Horizons and the University of Strathclyde have signed a Memorandum of Understanding (MoU) to collaborate on accelerating recycling glass fiber used in wind turbine blades. The aim of the MoU is to drive forward the development of recovery processes for used glass fiber prod
Minesto widens first quarter loss
Swedish marine energy developer Minesto has recorded an increase in net loss for the first quarter of 2021, when compared to the financial results for the same period posted a year before.
Neptune begins final drilling campaign at Duva field
Neptune Energy has started drilling operations on four production wells on the Duva field in the Norwegian sector of the North Sea.
Equinor charters Havila platform supplier
Havila Shipping has been awarded a contract from compatriot oil giant Equinor for one of its platform supply vessels (PSVs).
Ireland: Barryroe farm-out terminated over funding issues
Oil and gas company Providence Resources has terminated its farm-out agreement with SpotOn Energy for the Barryroe project off Ireland.
Rystad downgrades peak oil demand to 101.6 million bpd in 2026
Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.
Autonomous marine navigation startup Orca AI raises fresh funding
Orca AI, an AI-based navigation and collision avoidance solution, has raised $13 million in Series A funding, taking its total raised to over $15.5 million.
Aker BP gearing up for Barents Sea well
Norwegian Petroleum Safety Authority has given consent to Aker BP for drilling in the Barents Sea, using the Deepsea Nordkapp rig.
Sustainable Marine, German partners to advance tidal turbine blades
UK-based marine energy company Sustainable Marine Energy is adopting cutting-edge aerospace and wind energy technology in a new project set to drive the evolution of tidal turbine blades.