Business & Finance
AGS inks Utsira data licensing deal
Axxis Geo Solutions (AGS) has entered into a data licensing agreement with an undisclosed international oil company. The late sale is related to the company’s OBN seismic data library over Utsira in Norway. The Utsira OBN seismic data library is now in its final stage of data processing. Processing
Dynagas LNG Partners posts Q2 profit rise
Greece-based Dynagas LNG Partners, a partnership formed by shipowner Dynagas, reported a rise in its second-quarter profit.
MHI Vestas turbines to power Apple in Denmark
Tech giant Apple will invest in the construction of two MHI Vestas 8.4 MW offshore wind turbines which will be installed onshore near the town of Esbjerg in Denmark. The 200-metre-tall turbines are expected to produce 62 gigawatt-hours of electricity each year. The power produced at Esbjerg will sup
OPEC postpones Diamond Anniversary in Baghdad
The festivities scheduled for OPEC’s 60th Anniversary, originally scheduled for later this month in Baghdad where the organization was founded, have been postponed.
Ideol sets up partnership for floating wind mooring solutions
Ideol and Bridon-Bekaert Ropes Group (BBRG) have entered a strategic partnership to develop a new synthetic mooring solution for the floating offshore wind market. According to the parties, the goal is to meet the floating offshore wind market’s cost reduction, capacity and lead-time expectations. “
Tallink Grupp’s reorganization to affect 2,500 workers
Estonian ferry company AS Tallink Grupp has launched a reorganization process that will impact up to 2,500 employees in all the company’s home markets combined. The reorganization is being announced as Tallink battles with a major drop in revenues from the tourism industry massively impacted by the
Shell keeps Prosafe rig but defers Shearwater job for 2021
Prosafe and oil major Shell have agreed to defer and amend the contract for the Safe Zephyrus to provide accommodation services in support of the Shearwater platform turnaround in the UK North Sea.
Wintershall Dea cheers fresh Nova milestone with most of subsea hardware now in place
Wintershall Dea has completed another milestone for its operated Nova project, located offshore Norway, following the installation of the risers on the North Sea field.
Scots awarding half a million pounds for offshore wind
Crown Estate Scotland is awarding £500,000 for the development of the local offshore wind market. The funds comprise £300,000 for Scottish Offshore Wind Energy Council (SOWEC) projects and £200,000 for environmental research. The awarding of SOWEC funding will be linked to criteria which include ali
Tekmar nets £6M in contracts for delivery in 2021
Subsea protection specialist Tekmar has recently secured a number of contracts with an aggregate value of over £6 million due for delivery in 2021 financial year. During August, Tekmar Energy and Pipeshield International won multiple contracts to supply subsea asset protection and stabilisation tech
Second PORTOS call for renewable energy device testing opens
The Interreg Atlantic Area funded PORTOS Project has opened 2nd call for renewable energy device testing. Technologists within the Atlantic Area are invited to submit applications outlining their novel marine renewable energy technology. Applications will be reviewed and evaluated by an independent
Cargill invests in Maersk Tankers’ digital spin-off
Swiss freight trader Cargill has invested in ZeroNorth, the recent spin-off from Maersk Tankers, committing its entire operated fleet to use the Optimise software to reduce CO2 emissions through digital technology. The tie-up comes on the back of ZeroNorth’s announcement back in June that it was loo
Equinor’s Johan Castberg project under investigation amid ‘major challenges’ with FPSO hull welds
Norwegian offshore safety watchdog has launched an investigation into challenges related to the completion of the hull and equipment for Equinor’s Johan Castberg FPSO.
Great Yarmouth port to get offshore energy O&M campus
Norfolk County Council (NCC) has secured GBP 6 million of funding to deliver an offshore energy operations and maintenance campus at the Port of Great Yarmouth. The site will be located at the entrance of River Yare and will have closer proximity to the Southern North Sea offshore energy developmen