Business & Finance
Equinor sets its sights on Barents Sea wildcat
Oil and gas giant Equinor has received a drilling permit from Norwegian authorities for a wildcat well located in the Barents Sea off Norway.
Valaris drillship breaks free of moorings and collides with bulk carrier – gallery
A Valaris drillship and a bulk carrier have collided in Pascagoula, Mississippi with both vessels sustaining damage as a result.
Norbit receives €1.5 million sonar order
Norwegian subsea technology company Norbit has received an order from an undisclosed international client for the delivery of multiple Winghead i80S sonar systems. The value of the order is approximately NOK 15 million (circa €1.5 million) and the systems are expected to be delivered in the second q
BW Offshore sends another laid-up FPSO to scrap yard
BW Offshore has arranged to recycle another one of its FPSOs at a yard in India to pursue portfolio optimisation.
BP and Eni poised to create Angola’s largest producer by combining country’s businesses
BP and Eni have agreed to form a new 50/50 JV in Angola, named Azule Energy, through the combination of Angolan businesses.
Minesto shifts tidal energy focus to Faroe Islands to mitigate supply chain delays
Swedish company Minesto has decided to focus this year’s operations with its Dragon Class tidal energy converters at the established and grid-connected site in Vestmannasund in Faroe Islands.
PTTEP to take over as operator of Myanmar gas field
PTTEP will take over the operatorship of the Yadana field located off Myanmar following a recent decision by partners to exit the project.
UK takes another look at Severn Estuary’s tidal energy prospects
A new independent commission has been announced to explore the potential for tidal energy generation from the Severn Estuary, a large body of water located between England and Wales.
Intertek gets more work on world’s longest subsea cable
UK’s Xlinks has awarded Intertek with a contract to provide quality assurance and technical advice on marine cable routing, survey specification and procurement for the planned interconnector between Morocco and the UK. Intertek will work with Xlinks to review cable routing, draft survey and technic
IOG marks ‘historic milestone’ as first gas flows from UK project
IOG has kicked off the first production at its Saturn Banks Project – Phase 1, located in the UK North Sea.
Algoma-Nova Marine JV buys 5 ships
Shipping companies Algoma Central Corporation and Nova Marine have increased investment in their short sea shipping joint ventures, NovaAlgoma, by acquiring five vessels.
ASA: R&D funding is the only way to achieve ambitious net-zero targets
The Asian Shipowners’ Association (ASA) has expressed its support for industry efforts to reduce emissions from international shipping reiterating the importance of research and development (R&D) funding to achieve net-zero targets.
Eco to boost its stake in ExxonMobil’s block offshore Guyana
Eco has inked a new deal, which will enable it to increase its interest in the ExxonMobil-operated Canje block, off Guyana.
Golden Energy PSV back on duty after 16-month warm lay-up
Golden Energy Offshore Services has secured a term contract with a “first-class international operator” for the platform supply vessel (PSV) Energy Scout. The Norwegian company started the reactivation process for the vessel as it had been in warm lay-up for 16 months caused by the downturn in the m