Business & Finance
SIMEC Atlantis seeks more time to repay Abundance Investment debentures
SIMEC Atlantis Energy has entered into discussions with Abundance Investment to extend the timing for the repayment of the €5.9 million debenture issued to the company in 2017.
Three-year extension for Saudi jack-up
UAE-based Shelf Drilling has secured a three-year contract extension for a jack-up rig operating offshore Saudi Arabia.
First sets of robots from Nauticus fleet coming by year-end
Nauticus Robotics is set to launch the first sets of Hydronaut – Aquanaut robots from its planned Nauticus Fleet by the end of this year. These tandem pairs will be deployed in multiple offshore industries serving applications ranging from subsea maintenance and intervention to data collection activ
No oil pay result makes Empyrean ‘extremely disappointed’ with Chinese well
Empyrean Energy is disappointed after finding no hydrocarbons in the Jade prospect well, located in Block 29/11 offshore China.
Equinor to keep PGS busy this summer
Norway’s PGS has leveraged its multi-year frame agreement with compatriot oil and gas giant Equinor to secure contracts for the 2022 summer season. PGS will be carrying out 4D GeoStreamer monitoring surveys over the Visund field in the North Sea and the Snøhvit field in the Barents Sea. The company
Singapore’s Keppel and SembMarine sign a ‘win-win agreement’ to merge
Singapore’s Keppel Corporation and Sembcorp Marine have signed definitive agreements for the proposed combination of Keppel O&M and Sembcorp Marine.
ConocoPhillips cleared to spin the drill bit at Norwegian Sea well
The Norwegian Petroleum Directorate has granted ConocoPhillips a drilling permit for a wildcat well located in the Norwegian Sea off Norway.
Woodside’s Senegal project on track for first oil despite delay with subsea installation campaign
Woodside has completed more than half of the work related to its Sangomar project in Senegal, but a subsea part of the work is lagging.
Worley to deliver main FEED services for West African gas pipeline
Worley has won a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The overall FEED services will be managed by Intecsea, Worley’s offshore engineering consultancy business in The Hague, the Netherlands. This includes
New jobs for Transocean rigs with one rig coming back from idle mode
Offshore drilling contractor Transocean has been awarded a new contract and extensions for its rigs, adding $87.2 million to its backlog.
Seadrill rigs secure more Gulf of Mexico work
Offshore drilling contractor Seadrill has secured new contract awards for two of its rigs with a total value of $105 million.
NKT commissions Hornsea Two power cable system
NKT has commissioned the 220 kV HVAC power cable system connecting the 1.3 GW Hornsea Two offshore wind project in the UK to the shore. NKT manufactured the power cables for the project at its factory in Karlskrona, Sweden, which runs on 100% green electricity, minimizing the carbon footprint of the
SIMEC Atlantis names new CFO to push project delivery
UK-based marine energy company SIMEC Atlantis Energy (SAE) has appointed Simon Hirst as an executive director of the company and as the group chief financial officer (CFO), with immediate effect.
Australian player enters North Sea acreage close to UK’s giant oil field
Finder Energy has expanded its UK North Sea portfolio after entering into an agreement to buy a licence close to the giant Buzzard oil field.