Business & Finance
G7 countries to end public funding for international fossil fuels projects
The G7 countries have pledged to end direct international public financing of the fossil fuels sector starting from the end of this year.
EU to ban majority of Russian oil imports by year-end
The European Union leaders have decided to ban almost 90 per cent of Russian oil by the end of the year following an agreement on the sixth round of sanctions against Russia.
Eco Wave Power gets OK to delist from Nasdaq First North
Eco Wave Power has received approval from Nasdaq First North Growth Market Sweden for the delisting of its common shares, as part of the move to shift its focus on the U.S. market.
ONE orders ten 13,700 TEU ships to underscore green strategy
Singapore-based shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with two shipyards for the construction of ten eco-efficient very large container ships (VLCS) as part of its green strategy. As disclosed, South Korean shipbuilder Hyundai Heavy Industries and its Japanes
Japanese players engage in robotics project to enable autonomous ops on oil & gas platforms
Yokogawa and Mitsubishi Heavy Industries have been selected to undertake an AI-enabled robot system project for the Nippon Foundation.
Software company to help BW Energy manage carbon emissions in new oilfield developments
BW Energy has engaged the services of IFS to support its growth strategy, deliver operational efficiencies, and limit emissions.
Another seismic firm joins UK carbon capture, utilisation and storage project
BP, on behalf of the Northern Endurance Partnership (NEP), has awarded Shearwater GeoServices with a contract for geophysical data processing and imaging to advance the East Coast Cluster carbon capture, utilisation and storage (CCUS) project. Shearwater’s UK Processing & Imaging centre will execute
New CFO taking the reins at Prosafe
Prosafe has now brought its search for a new CFO to an end and hired a new one, who will take over the role in a couple of months.
Shell sanctions natural gas project off Australia
Shell and its partner SGH Energy have taken a final investment decision to approve the development of the Crux natural gas field, off Australia.
Kraken Robotics gathers over $1.6 million in AquaPix contracts
Canada-based marine technology company Kraken Robotics has secured new contracts valued at more than $1.6 million for its AquaPix Synthetic Aperture Sonar (SAS). According to Kraken, the customers cannot be named due to confidentiality reasons. Deliveries of the sonar systems will take place this ye
Saudi yard teams up with Keppel LeTourneau to design and build rigs
Keppel LeTourneau has joined forces with Saudi yard IMI to help it strengthen its rig building capabilities.
After booking Petrofac as operator, UK player to use Stena rig for North Sea well
i3 Energy has inked a deal with Petrofac for the drilling of an appraisal well in the UK North Sea with a Stena Drilling-owned rig.
Sapura Energy to back its long-term sustainability with sale of heavy-lift pipelayer
Malaysian oilfield services provider Sapura Energy has signed a Memorandum of Agreement (MOA) with Safeen Feeder Company – Sole Proprietorship, part of the Abu Dhabi Ports Group of Companies, for the disposal of its pipelaying and crane vessel Sapura 3000. The 2008-built Sapura 3000 is a versatile h
UAE’s drilling giant adds two more jack-up rigs to its fleet
UAE-based ADNOC Drilling has signed an agreement to acquire an additional two premium offshore jack-up drilling units.