Business & Finance
EU-backed fund supports Feritech’s growth plans
Subsea solutions supplier Feritech has secured a £1 million growth loan from the Cornwall and Isles of Scilly Investment Fund (CIOSIF) to drive overseas growth. Feritech Global designs, manufactures and sells marine geotechnical equipment, ancillaries and consumables to geotechnical and geophysical
ExxonMobil hires another Kotug vessel to support Guyana FPSOs
ExxonMobil has picked another vessel from Kotug for operations entailing the provision of terminal towage support for two FPSOs off Guyana.
Two UK firms formalise deal to work on making North Sea prospect drill-ready
Orcadian Energy and Carrick Resources have executed a formal agreement for the farm-out of a prospect in the UK North Sea.
Maersk CEO: We will need 5-15% more capacity to meet IMO 2023
Meeting the IMO 2023 regulations will have quite a significant impact on the supply of vessels in the container shipping market in the long term, Søren Skou, CEO of A.P. Møller – Mærsk A/S, estimates. As of 2023, the shipping industry will need to meet a new round of vessel efficiency and carbon int
Operator redeveloping North Sea field shut-in since 2016
NEO Energy has filed its environmental statement for the redevelopment of the Affleck field in the North Sea to the UK’s authorities.
New CFO joins Valaris to ‘build on the positive momentum’ in offshore drilling
Valaris has revealed that the new CFO has now started working for the company after being appointed to this role a couple of months ago.
New timing for Tyra first gas amid supply chain issues
TotalEnergies has experienced delays with its Tyra Redevelopment Project in the Danish North Sea amid global supply chain challenges.
Marlinks to monitor cables at Baltic Sea offshore wind farm
Marlinks has won a contract to provide cable health monitoring services for the Arcadis Ost 1 wind farm located offshore Germany in the Baltic Sea. According to Marlinks, Arcadis Ost 1 is situated in an area of the Baltic Sea where challenging seabed conditions are present and a swampy topsoil layer
Union ‘deeply concerned’ for the safety of the crew on FPSO heading to port
UK’s Unite the union has raised safety concerns for crew aboard the Foinaven FPSO ahead of strike action set to begin this Friday.
Sentinel Marine to keep providing offshore support on Neptune’s UK gas field
Sentinel Marine has secured a new deal for one of its vessels with Neptune Energy to continue supporting a field in the UK North Sea.
CorPower readies Portugal test site for HiWave-5 marine installations
CorPower Ocean has completed the substation and site preparation work in Portugal ahead of marine installations for its flagship HiWave-5 grid-connected demonstration wave energy project.
Equinor sets its sights on Norwegian Sea wildcat
Equinor has secured a permit from the country’s authorities for the drilling of a wildcat well, located in the Norwegian Sea.
Hexagon expands its LNG and LH2 portfolio
Norway’s clean energy transportation company Hexagon is expanding its focus on liquified natural gas (LNG) and liquid hydrogen (LH2) by buying a 40 per cent stake in cryogenic tank technology manufacturer Cryoshelter.
Brazilian field revitalisation shaping up as second well comes on stream
PRIO has started production from another well located in a field within the Northern Campos Basin off the coast of Brazil.