Business & Finance

‘Norway’s largest renovation project’ now ready for decades of energy production
Aker Solutions has completed and delivered the drilling and production platform Njord A to Equinor following extensive upgrades.

MAN ES-DNV collab to speed up maritime decarbonisation, digitalisation
German engine maker MAN Energy Solutions (MAN ES) and classification society DNV have signed a memorandum of understanding (MoU) to collaborate on decarbonisation, digitalisation and hydrogen in the maritime industry.

Jones Bros secures €28.5 million contract for Morlais tidal onshore works
North Wales-based company Jones Bros Civil Engineering has secured the main contract worth €28.5 million to build onshore infrastructure for the Morlais tidal energy project offshore Anglesey.

Baker Hughes to enhance life-of-well capabilities by buying well intervention specialist
Baker Hughes has inked a deal to acquire Altus Intervention to strengthen its technological life-of-well capabilities to optimise production.

North Sea contract renewal for Petrofac
Oilfield services provider Petrofac has been awarded a two-year contract extension with Spirit Energy in the North Sea.

Equinor adds more work to Odfjell rig’s backlog
Equinor has decided to exercise its option for additional wells in Norway to be drilled by the Odfjell Drilling-owned Deepsea Stavanger rig.

Boskalis adds multipurpose CSV to boost offshore activities
Dutch dredging and maritime services provider Boskalis has acquired a multipurpose DP3 construction support vessel (CSV) to strengthen its activities in the offshore energy industry.

Morlais tidal energy project bags over €37 million of EU funds
A major tidal energy project offshore Anglesey in Wales will benefit from €37.6 million of funding in what is likely to be the last large grant from the EU’s regional funding program for the scheme.

Two new members join UK decom player’s board to drive growth
Decom Engineering has beefed up its board with two new appointments to facilitate further growth and achieve its strategic expansion goals.

ExxonMobil’s Cyprus well confirms presence of high-quality gas – gallery
ExxonMobil has completed drilling operations on its Glaucus-2 appraisal well off Cyprus, confirming the presence of high-quality gas.

Wheels are in motion for Ninian Northern jacket decommissioning
Scotland’s Lerwick Harbour is to be the location of a decommissioning project following the award of a contract to Veolia/Peterson.

Dan-Unity, Victrol team up for CO2 one-stop shop
Shipping companies Dan-Unity CO2 and Victrol are collaborating to offer end-to-end seaborn CO2 transportation by rivers and sea from mainland Northern Europe to utilisation and storage facilities.

Shell unveils massive offshore wind plans in Brazil
Shell has applied for environmental investigation licences for six offshore wind projects in Brazil with the country’s Institute for the Environment and Natural Resources (IBAMA). The six projects have a total installed capacity of 17 GW. The company submitted an Activity Characterisation Form (FCA)

Abu Dhabi player flows first gas from Malaysian field
Abu Dhabi-based Mubadala Petroleum has started first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.