Business & Finance
In focus: Industry making strides on its journey to sustainable future
The current geopolitical crisis has been seen by many as a wake-up call and a nudge the world needed to pivot towards renewables, which are perceived as pillars of a net-zero future. In light of this, the offshore energy industry is putting the wheels into motion to step up decarbonisation as the wo
Euronav-Frontline merger could reap multiple benefits of energy transition
Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have decided to pursue a merger, creating a global leader in the oil tanker industry.
Aqueos settles in Boston to serve renewable energy players
Subsea and transitional energy services provider Aqueos Corporation has decided to settle in its new office in Boston, Massachusetts, in order to meet the growing needs of renewable energy developers in the region. Specifically, Walter Aguilar, Aqueos’ vice president of Civil, Military, and Renewabl
Prosafe declared lucky winner of Petrobras tender
Offshore accommodation provider Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras in Brazil.
CNOOC starts up oilfield project in South China Sea
CNOOC Limited has started production from the Weizhou 12-8E oilfield development project located offshore China.
North Sea appraisal well on the horizon for Neptune
Oil and gas company Neptune Energy is preparing to drill an appraisal well located in the North Sea offshore Norway.
Boulder removal services wanted for Ostwind 3
German offshore transmission system operator (TSO) 50Hertz has issued a tender seeking boulder removal services on the cable route of the Ostwind 3 project. The contract covers, but is not limited to, the provision and operation of all assets necessary for the works, removal of boulders, and reporti
Siem Spearfish going to the UK after Gulf of Mexico job
Norway’s Siem Offshore has entered into a contract with an undisclosed client for its offshore subsea construction vessel (OSCV) Siem Spearfish for work in the UK sector. The scope of work consists of walk-to-work (W2W) operations for accommodation support during a maintenance campaign. The contract
Santos spuds second well off Australia using Noble rig
Santos has kicked off drilling operations on the second well in its campaign offshore Western Australia, using a Noble-owned jack-up rig.
CoolCo completes all LNG carrier acquisitions from Golar LNG
The newly formed shipping company CoolCo has now completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG.
Neptune to double gas output from North Sea field to meet Europe’s demand
Neptune Energy will double gas output from the Duva field in the North Sea to support increased supplies to the UK and Europe.
World’s first hydrogen-powered bulk carrier receives Enova funding
Egil Ulvan Rederi, Felleskjøpet AGRI and HeidelbergCement have received NOK 100 million in support from Enova to build the world’s first zero-emission bulk carrier.
Ross Candies scores multiple Gulf of Mexico contracts
DOF Subsea has secured multiple contracts for the 2010-built multi-role construction support vessel Ross Candies for activities in the Gulf of Mexico. The 94-meter long vessel will be utilized well into the third quarter of the year, undertaking jumper installations, span remediation, pre-commission
Oil and gas to catapult global energy spending to record highs in 2022, Rystad says
Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.