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Business & Finance

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West Capella drillship (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count continues its upward trajectory

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States kept its forward momentum by adding one unit last week.

about 3 years ago
Rovco makes reorganization moves as part of growth strategy
Business & Finance

Rovco makes reorganization moves as part of growth strategy

UK provider of subsea robotics and integrated survey solutions Rovco has set up two business units focused on delivering on a specific area of expertise as part of its plans for greater global and sectoral growth. The company, founded in 2016, will now operate through two separate business units, ea

about 3 years ago
Estaleiro Jurong Aracruz (EJA)
Business & Finance

Probe into alleged ‘irregularities’ at Sembcorp Marine’s Brazilian arm underway

Brazil’s Office of the Comptroller General (CGU) has launched an investigation into alleged irregularities practised by the Brazilian subsidiary of Singapore’s Sembcorp Marine.

about 3 years ago
Illustration; Source: Brazilian Institute of Petroleum and Gas (IBP)
Business & Finance

Turning Brazil into world’s fourth largest oil producer with new hydrocarbon exploration programme

Brazil is setting the wheels into motion to launch a programme, which would step up investments in oil and natural gas exploration.

about 3 years ago
In focus: Offshore hydrogen steals the show once again
Business & Finance

In focus: Offshore hydrogen steals the show once again

In a world troubled by climate change and energy crisis, it has become clear that hydrogen will play a significant role in creating a low-carbon energy mix. Multiple studies have explored its advantages in decarbonising hard-to-abate sectors and boosting the security of supplies as new pilot and lar

about 3 years ago
West Hercules rig; Source: SFL Corporation
Business & Finance

Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand

Westwood says that the UK’s tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing.

about 3 years ago
Inseanergy’s floating solar unit (Courtesy of Inseanergy/Photo by Kristin Stoylen)
Business & Finance

Inseanergy gears up for fundraising campaign

Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has announced the upcoming fundraising campaign to prepare for further growth and internationalization.

about 3 years ago
Sweden: Nord Stream incident caused by 'gross sabotage'
Business & Finance

Following last year’s explosions, Danes find undefined object near Nord Stream pipeline

Following explosions in late September 2022 that caused damage to the Nord Stream pipelines, the Danish Energy Agency has found an undefined object near one of the two gas pipelines. A cylindrical object that is about 40 cm tall and 10 cm in diameter has been found near the Nord Stream 2 pipeline, t

about 3 years ago
PRIO
Business & Finance

With TotalEnergies stake in the bag, Brazilian player becomes sole owner of oil field

PRIO has completed the acquisition of TotalEnergies’ interest in a field offshore Brazil, enabling it to take full ownership of this field.

about 3 years ago
Solitaire; Source: Allseas
Business & Finance

Crew member from Allseas’ vessel gets a medevac

The U.S. Coast Guard (USCG) has performed an evacuation via helicopter of a crew member from one of Allseas’ vessels located approximately 15 miles offshore Port Fourchon, Louisiana.

about 3 years ago
US company puts untethered ROV operation to test
Business & Finance

US company puts untethered ROV operation to test

U.S.-headquartered Greensea Systems has demonstrated untethered autonomous operation of commercially available remotely operated vehicles (ROVs). Using a commercially available Defender ROV from VideoRay, outfitted with batteries, an acoustic modem, and the new OPENSEA Edge system, Greensea demonstr

about 3 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

No hydrocarbons for Equinor in North Sea well

Norway’s energy giant Equinor has completed the drilling of a wildcat well in the North Sea off Norway but failed to find hydrocarbons.

about 3 years ago
Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

Vantage Drilling anticipates rise in rig day rates and fleet utilisation to highest level since 2015

Vantage Drilling expects that the future will bring further growth in day rates and utilisation for its fleet of rigs.

about 3 years ago
Cygnus; Source: Neptune Energy
Business & Finance

More North Sea gas thanks to UK’s broader entry specification limit

The UK government has made a decision to widen the country’s gas entry specification limit, enabling more North Sea gas to enter the country’s National Transmission System (NTS).

about 3 years ago
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