Business & Finance

Diving ops at Kinsale set to start next month
PSE Kinsale Energ is now preparing for decommissioning of subsea infrastructure at Kinsale fields, located offshore Ireland.

GCube Insurance: Offshore wind needs to mitigate supply chain risks
While offshore wind has performed strongly during the pandemic, continuing with next to no business interruption, the sector still faces some significant supply chain risks. This is according to an insurance company specialising in renewable energy, one of few businesses with the capability to compr

Court overturns previous ruling in Prosafe-Westcon case
A court of appeal has reversed a decision of a district court in Norway in a case between Prosafe and Westcon.

Worley to conduct EPC services on CNOOC’s UK North Sea assets
Australian engineering company Worley has been awarded a two-year contract extension to provide engineering, procurement, and construction (EPC) services to CNOOC Petroleum Europe’s three operated assets in the North Sea.

Subsea industry specialist takes helm of Decom North Sea
Decom North Sea (DNS), a membership organisation dedicated to the oil and gas decommissioning sector, has appointed Fraser Moonie as its chief executive officer.

Flex LNG charters quartet to Cheniere
Flex LNG, a pure-play LNG carrier company has entered into time charter party agreements with Cheniere for four LNG carriers.

Sweetch Energy gets €5.2M boost for osmotic power prototype
French-based osmotic power pioneer Sweetch Energy has secured €5.2 million to develop its first full-scale osmotic power prototype and start the industrialisation phase for the novel clean power source.

Nicola Offshore and Cyprus Subsea sign partnership deal
Offshore hydrographic survey specialist Nicola Offshore has joined forces with ocean monitoring expert Cyprus Subsea Consulting and Services to boost the acquisition of marine data.

Norwegian seismic company wins first offshore wind contract
Norwegian seismic company SeaBird Exploration has secured its first contract in the offshore wind sector. SeaBird will provide its survey vessel Petrel Explorer as an accommodation vessel for a wind farm maintenance campaign in the Baltic Sea. The company did not disclose the name of the project, bu

Rhenus takes major stake in Arkon Shipping & Projects
Germany-based short-sea shipping company Rhenus Maritime Services acquired 60 per cent of the shares in compatriot ship and project consignment manager, Arkon Shipping & Projects, in March 2021.

Havila Shipping finds work for platform supplier
Norwegian shipowner Havila Shipping has won a contract for one of its platform supply vessels (PSV) with IKM Acona AS.

Golden Energy’s vessel duo scores contract extensions
Norwegian offshore vessel operator Golden Energy Offshore Management has secured contract extensions for two vessels that the company manages.

Navigator signals merger with Ultragas
Gas shipping company Navigator Holdings has signed a non-binding Letter of Intent with Naviera Ultranav Limitada to merge its fleet and business activities with Ultragas ApS. The merger of the two gas shipping companies would bring the combined fleet to a total 56 vessels. Specifically, Ultragas has

Nexans Norway inks $23.6M ROV contract with IKM Subsea
Subsea cables specialist Nexans Norway has signed an ROV services contract with subsea services provider IKM Subsea, reportedly worth NOK 200 million ($23.6 million).