Business & Finance

Claxton, Seabed Solutions join hands to boost decommissioning offer
Claxton, Acteon’s drilling and decommissioning segment, has signed a collaboration agreement with Seabed Solutions to add value to decommissioning projects, helping operators fulfil their obligation to return subsea sites to their natural state.

Keppel finds work for two more jack-up rigs
Singapore’s Keppel Offshore & Marine has signed contracts for the bareboat charter of another two KFELS B Class rigs to be deployed in the Middle East.

UK unleashes £12 million for zero-emission maritime technologies
The UK government has announced a multi-million investment that aims to kickstart innovation in the maritime sector and tackle shipping emissions.

Fugro to keep supporting South Korean offshore wind expansion
Due to the strong demand for combined geophysical, geotechnical and metocean data services, Fugro has extended its memorandum of understanding (MoU) with Underwater Survey Technology 21 (UST21) to support South Korea’s expansion of wind power assets.

Aker BP all set to get Norwegian Sea drilling ops underway
Aker BP has received a drilling permit from Norwegian authorities for a wildcat well located in the Norwegian Sea off Norway.

Asian vessel owner embarks on fleet rejuvenation mission, adding five brand-new crew boats
MEO Group has decided to beef up its fleet by ordering five executive crew boats from Penguin Shipyard International to rejuvenate its fleet.

Germany striving to develop gas field with Senegal amid supply uncertainties
Germany plans to work with Senegal on the development of an offshore gas field amid the severe impact of the war in Ukraine on energy supply and prices.

UK player frustrated by production shut-in at North Sea gas project
IOG has revealed that production at its gas project in the UK sector of the North Sea, has been shut-in due to liquids handling issues.

Two Norwegian operators cleared for offshore drilling ops with Odfjell rigs
Equinor and Aker BP have secured permits from Norwegian authorities for three wildcat wells off Norway to be drilled by Odfjell’s rigs.

Wintershall Dea sells stakes in three North Sea fields to focus on gas
Wintershall Dea has reached an agreement with OKEA to sell its stakes in three North Sea fields for €108 million.

RWE: New delegated act puts shackles on green hydrogen
There should be no limiting criteria for the producers and buyers of green hydrogen on the use of electricity to produce it, RWE said in a comment on a proposed delegated act in the EU which would permit only electricity from newly built, unsubsidised wind and solar energy farms to generate green hy

Latvia’s Virši to buy Skulte LNG Terminal stake
Virši has signed an agreement with Skulte LNG terminal to buy 20 per cent of its shares and announced plans to jointly develop an LNG terminal at the port of Skulte.

Karoon and Enauta abandon Brazilian field-related sale talks
Enauta’s exclusivity deal with Karoon Energy for the sale of a partial stake in a field located off Brazil has been terminated.

BW Offshore gets extension for FPSO working off Ivory Coast
Norwegian FPSO operator BW Offshore has inked an extension deal with CNR International for an FPSO operating off the Ivory Coast.