Business & Finance
PanGeo Subsea and EODEX come together for UXO removal
EODEX and PanGeo Subsea, a Kraken Robotics company, have set up a partnership to collaborate on unexploded ordinance (UXO) detection and disposal services. The two parties joined forces on several UXO survey projects over the past year and, as they state, this recent more-defined collaboration suppo
Dorado partner pursuing options to fund its share of project ahead of FID
Carnarvon Energy is working to secure financing for the Santos-operated Dorado project off Australia ahead of the FID for the project.
Hellenic Cables submits its net-zero targets to SBTi
Greek cable manufacturer Hellenic Cables has submitted its near and long-term net-zero targets to the Science Based Targets initiative (SBTi), aiming to halve its scope 1 and 2 emissions by 2030 and cut scope 3 emissions by 25% within the same timeframe. Hellenic Cables has committed to a 50% reduct
More jobs to be created as Bilfinger UK launches new fabrication facility
Bilfinger UK has expanded its presence in the North East with the opening of a new fabrication facility, spurring further headcount increase.
Magseis acquires node-on-a-rope business amid ‘optimistic’ OBN market outlook
Norwegian survey services provider Magseis Fairfield has entered into an agreement with compatriot Carbon Transition to acquire its proprietary node-on-a-rope business.
QatarEnergy and Namibia’s national oil company team up to develop oil & gas sector
QatarEnergy has signed a cooperation agreement with Namibia’s NAMCOR to support and develop a sustainable oil and gas sector in Namibia.
South Africa JV secures rig for high-impact exploration well
A joint venture partnership for a block off South Africa has secured a rig from a Norwegian contractor to drill a high-impact well.
Resen Waves launches €4M investment opportunity
Danish wave energy developer Resen Waves has opened an investment opportunity to support the company’s growth and global roll-out of its smart power buoys.
Offshore wind pioneer buys Ordtek
Offshore wind pioneer Venterra Group has acquired Ordtek, the UK-based provider of unexploded ordnance (UXO) risk management consultancy. Led by Lee Gooderham, Ordtek will form part of Venterra’s early stage “engineer” services led by the existing member, geoscience design company Gavin & Doherty Ge
BW Offshore wins extension deal for sold FPSO
BW Offshore received a contract extension for an FPSO operating offshore Indonesia, which has been sold recently.
Oil demand to take a severe hit if Russia’s war in Ukraine is prolonged – Rystad
War in Ukraine could result in as much as 1 million bpd of oil demand being removed from the global market, research by Rystad Energy shows.
Fidelis joins Poseidon Principles for Marine Insurance
Fidelis Insurance, a Bermuda-based provider of specialty insurance and reinsurance products, is the latest company to join the new framework for responsible marine insurance.
Deep Down rebrands to energize and expand subsea solutions
Texas-based subsea technology firm Deep Down has decided to change its name in pursuit of energizing the future of the subsea energy sector.
New batch of contracts for North Star fleet marks its ‘most sizeable order book’ in years
North Star has inked contracts totalling over $133 million, marking its most sizeable ERRV order book in recent years.