Business & Finance
Baker Hughes, Horisont team up for Barents Sea carbon capture project
Oilfield services major Baker Hughes and carbontech startup Horisont Energi have signed a memorandum of understanding (MoU) for the Polaris carbon storage project in the Barents Sea, off the northern coast of Norway.
Disappointing results for Chrysaor in North Sea well
Chrysaor has concluded the drilling of the Jerv exploration well located in the North Sea off Norway but failed to find commercial hydrocarbons.
Saga Pure further invests in Bergen Carbon Solutions
Norwegian company Saga Pure ASA, formerly known as Saga Tankers, has entered into agreements to subscribe for NOK 15 million ($1.76 million) in a private placement in Bergen Carbon Solutions AS (BCS).
Saipem nets new deal with Qatargas worth over $1 billion
Saipem has received from Qatargas a letter of award worth over $1 billion related to the North Field Production Sustainability Pipelines Project.
NOF launches offshore wind database
NOF has launched an offshore wind projects database for the UK supply chain to easier reach opportunities in the sector. The NOF Offshore Wind Projects Database provides access to critical project data, an insight into the industry’s key players, forecasts of market development and supply chain spen
Odfjell to drill one more well for Equinor
Norwegian oil major Equinor has awarded more work to a semi-submersible rig owned by offshore rig owner Odfjell Drilling.
Scotland readies £4 million green jobs call
Scottish Enterprise has announced the first in a series of upcoming grant funding calls designed to help support economic recovery and stimulate the creation of new green jobs in Scotland.
Offshore vessel owner buys 1 per cent of Noble Corp.
Cyprus-based offshore vessel operator S.D Standard Drilling has secured a 1 per cent ownership in offshore drilling contractor Noble Corporation.
OMV cleared to use Maersk rig for North Sea well
Norway’s regulator Petroleum Safety Authority has granted OMV consent to drill an exploration well in the North Sea, using Maersk Drilling’s jack-up rig.
UK unveils £20M fund to propel green shipbuilding
The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality.
Aker BP to use another one-year option for Odfjell rig
Aker BP has exercised the second 12-month option for the Deepsea Nordkapp rig under a contract entered into between the parties in April 2018.
MOL makes foray into ocean transport of liquefied CO2
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has decided to invest into Larvik Shipping, a Norwegian ship management company for liquified CO2 carriers. The investment marks MOL’s entrance into a completely new market of ocean transportation of liquefied CO2. The business sector plays a c
CMA CGM cuts its CO2 emissions by 4% in 2020
French container shipping major CMA CGM reduced the overall emissions of its fleet by 4% in 2020 compared to 2019, the company said in its annual report for 2020. Since 2008, the group has reduced its CO2 emissions by 49% (TEU-km), in line with its objective of reaching -50% emissions by 2030. This
Valaris gets safety order over incident with BOP ram door
Norwegian offshore safety authority has found serious breaches of regulations on a Valaris rig following an investigation of an incident from 2020.