Business & Finance
Shearwater consolidates OBN market position
Shearwater has through its first deep-water ocean bottom node (OBN) survey project demonstrated its strategic positioning in the OBN market. In March, Shearwater secured its first deep-water OBN award. The project was launched in the second quarter, breaking the cost curve by implementing a wide-tow
Aker BP taps Eidesvik for management of platform supplier duo
Norwegian oil and gas company Aker BP has awarded Eidesvik Offshore a ship management agreement for two offshore supply vessels in operation on the Norwegian Continental Shelf (NCS).
NHV helicopters land long-term job with Shell
Offshore helicopter operator NHV Group has won a new long-term contract to provide helicopter services for Shell, starting 1 July 2020.
Equinor reveals plans for hydrogen plant with carbon capture in UK
Equinor is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage.
SBM Offshore closes financing for construction of FPSO Sepetiba
SBM Offshore has closed a $600 million bridge loan facility for the financing of the construction of FPSO Sepetiba.
Dana Petroleum extends integrity services deal for UK FPSO tandem
Technology and data intelligence specialist Imrandd has secured a two-year contract extension with Dana Petroleum for the provision of integrity services for all of its UK operated assets.
Vantage secures jack-up gig with Eni
Vantage Drilling has entered into a contract with Eni for its premium jack-up rig, the Topaz Driller, to perform drilling services offshore of Montenegro. Vantage said on Tuesday that the contract with Eni is for 180 days. Ihab Toma, the Company’s Chief Executive Officer, commented, “Securing this c
Aker Solutions to deliver subsea production system for Equinor’s Askeladd
Aker Solutions has received a letter of intent from Equinor to deliver the subsea production system for the next phase of the Askeladd natural gas development in the Barents Sea in northern Norway.
Belgium breezes past Denmark in offshore wind capacity rankings
Belgium has surpassed Denmark in terms of the installed offshore wind capacity and is now ranked fourth in the world, Belgian Offshore Platform (BOP) said. Following the commissioning of the 219 MW Northwester 2 wind farm in May, Belgium now has 1,775 MW of installed offshore wind capacity, compared
Kvaerner hired to recycle three Aker BP’s platforms
Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets, and four bridges from Aker BP’s Valhall and Hod fields located offshore Norway.
Qatargas delivers first Q-Flex cargo to Adriatic terminal
LNG giant Qatargas said it recently delivered the first cargo on a Q-Flex carrier to the Adriatic import terminal in Italy. The Adriatic LNG terminal received the shipment from the 216,000-cbm Tembek on June 21. The Qatargas-chartered and Nakilat-owned carrier previously loaded the cargo at Qatar’s
DFDS lays off 650 employees
Danish ferry and logistics company DFDS will lay off around 650 people in the coming months as part of its measures aimed at adapting to post COVID-19 market conditions. DFDS currently employs around 8,600 people. The pandemic has had a crushing effect on the passenger transport sector amid strict t
MV Werften back to safe waters as it gets emergency funding
MV Werften gets emergency funding from banks
Equinor prepares for test well on North Sea discovery
Norwegian oil and gas giant Equinor has received consent from the country’s offshore safety regulator to use the Deepsea Atlantic rig on the Peon discovery located offshore Norway. The Petroleum Safety Authority (PSA) said on Monday that Equinor would use the Deepsea Atlantic to drill a test well on