Business & Finance
Orcadian Energy gets North Sea license extension
The North Sea Transition Authority (NSTA) has granted oil and gas development company Orcadian Energy a one-year extension for license P2244, which contains the Pilot oilfield. The Second Term of the license was due to expire at the end of this November and has now been extended to the end of Novemb
Al Seer Marine orders four MR tankers at K Shipbuilding
Abu Dhabi-based maritime company Al Seer Marine, a subsidiary of International Holding Company (IHC), has placed an order for the construction of four IMO II/III medium-range tankers with Korean shipbuilder K Shipbuilding. The vessels are expected to be built at Jinhae Shipyard and delivered before
Dunlop: The environmental price to pay if we fail to act is high
The shipping industry is waking up to the fact that it needs to do something now to decarbonize, and ESG rightfully sits firmly alongside safety as a key decision driver in the industry, Matt Dunlop, Sustainability & Decarbonisation Director at V.Group said in an interview with Offshore Energy. Matt
Shelf Drilling lands five-year deal for another jack-up rig
Shelf Drilling has been awarded a long-term contract for one of its jack-up rigs, which will carry out operations in the Arabian Gulf.
Second well in Black Sea drilling campaign days away from being back on stream
Trillion Energy is anticipating the restart of production from the second well in its 2022 – 2023 drilling programme this week.
Mocean Energy secures patent for its wave energy technology in China
Scottish company Mocean Energy has secured patent protection for its floating hinged raft wave energy technology in China.
CRP Subsea changes hands
UK-headquartered AIS has acquired CRP Subsea as part of its growth strategy and with the aim of expanding its range of subsea offerings. Based in Skelmersdale, England, CRP Subsea, formerly Trelleborg Offshore UK, delivers polymer and syntactic foam-based buoyancy and protection products for the off
Maritime sector teams up with hydrogen leaders to scale up green hydrogen production
Shipping organizations and initiatives across the shipping value chain, joined by the largest producers of green hydrogen, today signed on to a joint statement at COP27, committing to the rapid and ambitious production and use of low-carbon fuels based on green hydrogen to accelerate shipping’s deca
Probe underway after worker suffers ‘serious injury’ on jack-up rig
Norway’s safety regulator is investigating an incident involving “serious personal injury” on a jack-up rig, working in the North Sea.
UK operator facing investigation into license breach
UK regulator North Sea Transition Authority (NSTA) has launched an investigation into an operator suspected of breaching one of its license conditions. The investigation will look into whether the licensee conducted a well test without consent and failed to provide timely notification of the complet
Bluestone to install air lubrication on two Princess Cruises ships
Bluestone Group, a specialist construction company based in the UK, has won a contract from Princess Cruises to install Silverstream Air Lubrication System (ALS) on two cruise ships, Sky Princess and Enchanted Princess. The latest contracts come on the back of the successful installation of the ALS
Ocean Sun boosts third quarter revenues
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the third quarter of the fiscal year 2022, as opposed to the same period a year earlier.
Norwegian seismic company gets another North Sea call
Norwegian seismic company Magseis Fairfield has signed an agreement with a repeat customer for a 4D ocean bottom node (OBN) project in the North Sea. The project is scheduled to start in the second quarter of 2023, with an expected duration of approximately one month. Activities will see the utiliza
GT Green Technologies says on-the-water prototype of its wind propulsion tech coming soon
UK-headquartered wind propulsion specialist GT Green Technologies has won grant funding as part of this year’s Clean Maritime Demonstration Competition Round 2 (CDMC2) launched by the UK’s Department of Transport. The company said that it would use the funding to further develop and launch its propr