Business & Finance

Equinor and ONGC seal the deal to collaborate on energy projects in India
Equinor has joined forces with ONGC to participate in energy projects in India such as CCS, low carbon fuels and renewables.

Geodynamics orders offshore wind survey vessel from All American Marine
Washington-based All American Marine (AAM) has won a contract to build a research and hydrographic survey vessel for Geodynamics, an NV5 company, that will be used in the offshore wind market. The R/V Shackleford, named after the southernmost barrier island in the Cape Lookout National Seashore chai

Another Maersk rig to get low-emission upgrade ahead of new gig
Maersk Drilling has secured a contract with Aker BP, who will employ an ultra-harsh environment jack-up rig at the Ivar Aasen field offshore Norway.

Op-ed: What the UK energy security strategy means for wave and tidal stream energy
In an op-ed piece, Richard Arnold, policy director at the UK Marine Energy Council discusses the recently published British Energy Security Strategy, and what it means for UK’s wave and tidal stream energy industries.

ZTT’s new factory delivers first subsea cable
China’s ZTT Submarine Cable & System has delivered the first medium-voltage cable from its new subsea cable factory in Shanwei, Guangdong Province. The medium-voltage production lines at the new factory were calibrated and put into commercial operation on 9 September 2021. The first local medium vol

BP makes headway with plans to develop North Sea oil field
Oil and gas major BP is moving ahead with plans for the development of the Murlach field in the UK North Sea.

TotalEnergies picks TechnipFMC subsea production systems off Angola
TechnipFMC has signed a frame agreement with TotalEnergies for the delivery of subsea production systems offshore Angola. Under the agreement, TechnipFMC is set to deliver its Subsea 2.0 production systems for brownfield developments in Block 17 in Angola. “Subsea 2.0 products use standardized compo

Brand-new deal supports UAE player’s expectations of tightening market
Gulf Marine Services (GMS) has won a new long-term deal for one of its small-size class vessels with a higher day rate.

Jera wraps up Barossa stake acquisition from Santos and joins Darwin LNG
JERA has completed acquisition of a 12.5 per cent stake in the Barossa gas field from Santos, joining the Darwin LNG project in Australia.

CalWave finds local partner to deliver wave energy projects in Alaska
California-based wave energy developer CalWave Power Technologies has signed a memorandum of understanding (MoU) with Launch Alaska, establishing a formal partnership to advance planning of wave energy projects in the state of Alaska.

Asian operator brings in second dual-fuel vessel built for TotalEnergies
AET has taken delivery of the second dual-fuel VLCC, which was purpose-built for a long-term charter with TotalEnergies.

In pursuit of restructuring goals, Havila sees the back of two vessels
Havila Shipping has sold two of its platform supply vessels to an undisclosed buyer in a bid to pursue its restructuring strategy.

As CEO steps down, Chinese player promotes from within to fill the gap
CNOOC has revealed several changes to its board of directors and senior management team after its CEO decided to resign from the role.

New North Sea projects targeting 1.3 billion barrels of oil and gas
The annual performance review for the UK’s top producers highlighted 33 new projects targeting 1.3 billion barrels of oil and gas.