Business & Finance
Shelf Drilling expects jack-up rig utilisation and pricing to surpass pre-pandemic levels in 2022
Shelf Drilling has secured more work for its rigs and it expects the global jack-up utilisation and pricing to beat pre-pandemic levels in 2022.
Noreco CFO takes over CEO role as well
Noreco has appointed its CFO as its new CEO, enabling him to carry out the required duties for both roles in the future.
Kyushu Electric Power forms LNG trading subsidiary QUEST
The Japanese energy company has formed a subsidiary for LNG trading named Q United Energy Supply & Trading (QUEST).
Sustainability-led investor buys majority stake in new UK interconnector
Sustainability-led infrastructure and private equity investment manager Foresight Group Holdings Limited has acquired a majority stake in the MaresConnect interconnector project. The firm completed the acquisition through its energy transition fund Foresight Energy Infrastructure Partners (FEIP), wh
Valaris rig to kick off drilling ops for Western Gas in less than two weeks
Western Gas has informed that a Valaris rig is set to be towed to the Sasanof-1 well location offshore Australia in the coming days.
Havfram to back Petronas offshore Mauritania
Havfram has secured a contract with PC Mauritania 1 Pty. Ltd. a wholly-owned subsidiary of Petronas, to provide engineering, procurement, retrieval and disposal (EPRD) services for the abandonment and decommissioning of subsea facilities at the Chinguetti and Banda fields offshore Mauritania. Under
North Sea well comes up dry for Aker BP
Oil and gas company Aker BP has concluded the drilling of a wildcat well in the North Sea offshore Norway but it failed to find hydrocarbons.
Safety regulator investigating lifting incident on Odfjell rig
Norwegian offshore safety regulator has launched an investigation into a lifting incident on one of the Odfjell Drilling-owned rigs.
Aquadrill to sell semi-submersible rig to Brazil’s PetroRio
Aquadrill, formerly known as Seadrill Partners, has entered into a memorandum of agreement with Brazil’s PetroRio to sell a semi-submersible rig.
Polish firm to scale up Norwegian gas production in push for ‘more energy security’
PGNiG Upstream Norway plans to produce an additional volume of approximately 0.5 billion cubic meters of natural gas this year.
Prosafe revealed as winner of yet another Petrobras tender
Prosafe has been declared the winner of yet another bidding process launched by Petrobras for the provision of a semi-submersible unit.
Pre-FEED work starts for development of North Sea field via Piper Bravo platform
Pre-FEED work has started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform.
Flagship Founders’ new startup zero44 to help shipping companies control CO2 footprint
Flagship Founders has unveiled its third start-up, zero44, that aims to help shipping companies, ship managers and charterers monitor and control their fleets’ CO2 emissions to improve their carbon footprint.
BP hires Subsea 7 offshore Trinidad and Tobago
BP has awarded Subsea 7 with a contract for the TOPR project located offshore Trinidad and Tobago. The project covers the installation of a 96-kilometer 12-inch pipeline in water depths of up to 280 feet, associated shore approach and diver tie-in spools. Project management and engineering will take