Business & Finance

Fugro and Magseis Fairfield set up renewables and carbon capture collab
Norway’s Magseis Fairfield and the Dutch Fugro have signed a global cooperation agreement to work on project opportunities including wide area 3D ultra high-resolution surveys (3D UHR) for the offshore renewables and carbon capture and storage (CCS) markets. The companies said they will jointly purs

UK’s new PM urged to tackle ‘challenges of fuelling the future’
The UK’s new PM urged to strengthen energy security and scale up the transition to low-carbon and clean energy.

Shipbuilder lands four-vessel order for fast crew boats with Malaysian operator
Strategic Marine has won a four-vessel order for 40 m offshore fast crew boats (FCBs) from Malaysia’s Surya Nautika.

More time in Nigeria for Yinson’s FPSO
Yinson has secured a short-term contract extension for an FPSO, which is carrying out operations in Nigeria for Addax Petroleum.

Port of Immingham to get CO₂ import terminal
The Associated British Ports (ABP) has entered into an exclusive commercial relationship with Edinburgh–based oil and gas company Harbour Energy to develop a CO₂ import terminal at the Port of Immingham, the UK’s largest port by tonnage. The terminal will provide a large-scale facility to connect CO

Oilfield services giant rebranding in pursuit of decarbonization targets
Schlumberger is rebranding and changing its name to SLB to pursue a new identity that will represent the transformation from a giant oilfield services provider to a technology company focused on energy innovation and decarbonization. Schlumberger announced that nearly all of its affiliated brands wi

Following probe into lifting incident on rig, Odfjell tasked with addressing nonconformities
Safety regulator has finished investigating a lifting incident on one of Odfjell Drilling’s rigs, currently working for Equinor off Norway.

Former ESB chief joins Ireland-Great Britain interconnector project
MaresConnect Limited, the company behind the interconnector that will link the power markets of Ireland and Great Britain, has appointed former chief executive of ESB Pat O’Doherty as chairman and non-executive director of its board. MaresConnect Interconnector will comprise a cable route of approxi

North Sea Link begins regular operations
The 1,400 MW North Sea Link (NSL) interconnector that links the UK and Norway has paid off its carbon cost of construction after operating for six months, said the UK National Grid, which operates the project together with the Norwegian Statnett. This first power interconnector between Norway and th

Equinor reveals document shedding more light on Barents Sea project development
Equinor has decided to issue a complementary assessment for the development and operation of a field located in the Barents Sea off Norway.

PGS taking Ramform Titan offshore Namibia
Norway’s PGS is set to mobilize the seismic vessel Ramform Titan for a new 3D exploration acquisition project offshore Namibia. PGS did not reveal any details about the project but did state that it had secured the contract with a “major energy company”. Ramform Titan will mobilize for the survey an

Dolphin rig heading to Las Palmas to prepare for contract in Nigeria
Dolphin Drilling’s Blackford Dolphin rig is heading to Las Palmas, Spain where it will be prepared for its upcoming contract in Nigeria.

Somalia ‘open for business’ as U.S. player gets the all-clear for offshore oil & gas exploration
The U.S.-based Coastline Exploration has received the go-ahead to move forward with its hydrocarbon exploration programme off Somalia.

MSC to buy Italian towage operator Rimorchiatori Mediterranei
Swiss shipping giant Mediterranean Shipping Company has agreed to acquire Italian towage operator Rimorchiatori Mediterranei.