Business & Finance
EU bans Russian vessels from ports, ‘edges closer’ to banning Russian oil imports
The European Union members have announced a new, fifth round of sanctions against Russia and its businesses due to the war in Ukraine.
Russia’s war in Ukraine will not hinder Europe’s energy transition, DNV says
DNV has revealed within its new analysis that the Ukraine crisis will not derail Europe’s energy transition, as it is expected to speed it up.
Singapore: Industry partners to study ammonia bunkering safety, promote fuel supply base
Japenese ITOCHU Corporation has launched the joint study framework (JSF) for ammonia bunkering safety and signed a memorandum of understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to jointly promote the development of an ammonia fuel supply base in Singapore.
Saipem bags fresh batch of drilling contracts worth over $400 million
Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400 million.
Schottel becomes complete system supplier for electrical, green propulsion with new acquisition
German propulsion expert Schottel has decided to acquire a majority stake in elkon, a Turkish specialist for marine electrical system integration.
BP and IKM Testing sign first well services contract
IKM Testing UK has secured a multi-year contract with BP to deliver well integrity services across the oil and gas giant’s portfolio of North Sea assets. The agreement is the first well services contract between the two companies and covers well integrity remediation services, including sustained ca
Woodside gets key approvals to develop Australian gas project
Woodside has received key approvals for the execution of its operated Scarborough project located offshore Western Australia.
Brazilian vessel owner scores hat-trick award with Equinor
Grupo CBO has inked new deals for three platform supply vessels (PSVs) with the Brazilian subsidiary of Norway’s state-owned giant Equinor.
Santos makes ‘important step’ on the path towards Dorado FID
Santos has made an important step on the path towards a final investment decision on the Dorado project located offshore Australia.
TGS begins its third reprocessing project offshore Indonesia for 2022
Norway’s TGS has commenced a 3D seismic data reprocessing project at the Tarakan Basin, its third such project in Indonesia for 2022. The project applies a modern comprehensive broadband processing workflow to 3,363 square kilometers of 3D data to better understand the hydrocarbon prospectivity of t
ORPC finds Alaskan partner to deploy hydrokinetic device at Upper Cook Inlet
ORPC has partnered up with Matanuska-Susitna Borough to test its RivGen hydrokinetic power system at the Upper Cook Inlet in Alaska.
French stand ready to kick off SEM-REV 2.0 works
Having played a pivotal role in the advancement of marine renewable energies in France, the SEM-REV test site is ready for infrastructure upgrades to respond to the needs of the growing offshore renewable energy sector.
Danish subsea technology firm opens first office in Sweden
Denmark-based underwater technology specialist MacArtney is expanding in Scandinavia with the opening of its first dedicated office in Sweden. The new office, hosting MacArtney Sweden AB, is located in Mölnlycke near Gothenburg and will officially open its doors this month. “The Swedish market has g
Equinor finds ‘high-value barrels’ in North Sea
Equinor has made a significant hydrocarbon discovery with excellent reservoir quality in the Kveikje exploration well, located off Norway.