Business & Finance
Shell and Nauticus join hands for autonomous subsea ops
Nauticus Robotics has entered into an agreement with oil major Shell to advance to the qualification phase for a more efficient means of acquiring subsea integrity data using the Aquanaut and Hydronaut robotic platforms. The collaboration is expected to enable Shell to add an advanced tool to its su
Borr rig heading to West Africa
Borr Drilling has been awarded a new deal for one of its jack-up drilling rigs with an undisclosed operator in West Africa.
Kawasaki books order for LPG-powered newbuild from NYK
Japanese shipbuilder Kawasaki Heavy Industries has concluded a shipbuilding contract for an LPG and liquified ammonia gas carrier with compatriot shipowner Nippon Yusen Kabushiki Kaisha (NYK). The 86,700 m3 LP/NH3 carrier will be powered by LPG fuel and it is such vessel ordered by NYK. It is equipp
Aker BP receives the all-clear to use Maersk rig in North Sea
Aker BP has received consent from Norway’s regulator to use one of Maersk Drilling’s rigs for well intervention work on a North sea field.
First oil from two major deepwater Gulf of Mexico projects slated for this year
The latest updates on two deepwater oil projects in the U.S. Gulf of Mexico – operated by Shell and BP – both of which are, at this time, expected to come online by the end of the year.
UK’s oil & gas decom cost forecasts drop to around $54 billion
UK’s NSTA says the decommissioning cost estimate on the UKCS has dropped 25 per cent to £44.5 billion (about $54.2 billion).
Test runs begin on Israeli wave energy project
Eco Wave Power has officially started test runs of its newly installed EWP-EDF One wave energy pilot project at the Port of Jaffa in Tel Aviv, Israel.
Tellurian’s natural gas production goes up in Q2 of 2022
U.S. LNG project developer Tellurian reports a 47 per cent increase in natural gas production for the second quarter of 2022.
New tower at Nexans’ Halden factory stands tall
Nexans has completed the construction of the new XLPE insulation tower at its subsea cable factory in Halden, Norway. Nexans began the expansion of the Halden factory about two months ago and after 69 days the raising of the tower is completed, the company said. The tower is 152.89 meters tall, whic
Alfa Laval adds BunkerMetric to its acquisitions list
Swedish sustainable solutions provider Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for marine bunker vessels. According to Alfa Laval, the acquisition is part of the strategy to expand its digital marine se
FPSO gets a new name ahead of floating wind electrification
DNeX, via Ping Petroleum, has renamed its recently acquired FPSO, which will be one of the UK’s first wind-powered oil and gas facilities.
Japanese firm joins off-grid tidal energy demonstration project in Singapore
Japan-based NYK Group is set to examine the power generation efficiency, cost of power generation, and storage for an off-grid tidal energy demonstration project in Singapore.
Reach Subsea’s subsidiary scores multi-year gig off Australia
OCTIO, a subsidiary of Reach Subsea, has secured a multi-year 4D geophysical monitoring frame contract with an operator offshore Australia. OCTIO will deploy the proprietary gWatch service to deliver gravimetry and seabed subsidence measurements. The company will provide technical support for the su
Westwood sees signs of recovery in high-impact exploration activity
Westwood is seeing a rebound in high-impact exploration this year with expectations for it to pick up in the second half.