Business & Finance
OSI launches USVs as a Service business line
Ocean Specialists, Inc. (OSI) has launched USVs (uncrewed surface vehicles) as a Service, a new business line expected to further bolster the company’s system integration and marine project management services for complex offshore activities. The USVs as a Service business line will provide ocean an
After finding cracks on gas coolers, Equinor ordered to ensure maintenance of North Sea platform
Norwegian safety regulator has finished investigating an incident with gas cooler cracks on one of the Equinor-operated North Sea platforms.
Petrobras changes its mind about selling stakes in Brazilian deepwater basin
Petrobras has revealed its intention to end the divestment process for a partial sale of assets in the Sergipe-Alagoas Basin, off Brazil.
DOF Group scores multiple AHTS and ROV deals with Petrobras
Brazilian oil and gas giant Petrobras has awarded new long-term charter and service contracts to companies owned by the Norwegian DOF Group, Norskan Offshore and DOF Subsea Serviços Brasil.
As recovery moves forward, revenues go up for Vantage
As the offshore drilling market continues to improve, Vantage Drilling managed to reduce its net loss in the first quarter of 2022.
HydraWell, READ unite to create well integrity and P&A specialist supporting energy transition
Well integrity specialists HydraWell and READ have teamed up to create a combined company focused on late-life oilfield activities including cost-efficient and environmentally safe permanent plugging and abandonment (P&A) of hydrocarbon wells.
Renewable energy industry losing confidence in EU’s Innovation Fund
Several European renewable energy associations have united to call for changes to the EU’s Innovation Fund as its award criteria ‘puts renewable energy projects at a structural disadvantage’.
Australia to get its first deepwater hyperbaric test facility
Australian government and oil and gas industry have allocated $1.2 million in funding to build the country’s first deepwater hyperbaric chamber testing and maintenance facility, capable of facilitating subsea control modules.
TotalEnergies launches drone-based detection campaign for methane emissions across oil & gas assets
TotalEnergies has implemented a worldwide drone-based detection campaign across its operated oil and gas assets to reduce methane emissions.
Xlinks brings in new investor to deliver green power from Morocco to UK
British Octopus Energy Group has entered into a financial and strategic partnership with Xlinks, the company building the world’s longest subsea cable to deliver renewable energy from Morocco to the UK.
Odfjell rig to drill six more wells for Equinor
Equinor has exercised its option to drill more wells with Odfjell Drilling’s rig, extending the rig’s backlog for operations offshore Norway.
UK firm to store CO2 in Norwegian North Sea via Northern Lights collaboration
Cory has inked a deal with Northern Lights JV, to work on a CCS project, enabling cross-border marine transportation of CO2.
Norwegian seismic duo expands multi-client coverage offshore Canada
Norway-based seismic companies TGS and Petroleum Geo-Services (PGS) are expanding multi-client coverage offshore Canada with recently secured pre-funding for the South Bank phase II project.
Turkey awaits arrival of fourth drillship to prepare for next drilling mission
Turkey’s latest drillship, bought last year from a South Korean shipyard, is set to join three other drillships as the country is working to develop its gas resources amid a growing need for the security of supply.