Business & Finance
UK’s underwater industry to create 180,000 new jobs by 2035
The UK’s underwater industry will create an estimated 180,000 new jobs and around £20 billion or more in exports by 2035, according to the Global Underwater Hub (GUH). GUH’s recent survey of the sector revealed that almost 90% of subsea companies expect to recruit in the next 12 months, with a longe
Malaysia’s Yinson in strategic review of FPSO business with IPO as one option
Malaysian FPSO operator Yinson has decided to review its business with an intention to unlock the value of its offshore production segment.
Serica shuts down North Sea field over subsea control module issues
Serica has stopped production from a field located in the UK North Sea for repair and replacement following a subsea control module issue.
Peterson to keep on supporting Shell’s North Sea operations
Peterson has inked a new contract with Shell for the provision of integrated logistics across energy major’s Southern North Sea assets.
Oilex awaits licence for carbon capture and storage project in UK
Australia-based Oilex is hoping to get a licence from the UK authorities, which would enable it to move forward with its CCS project in the UK.
BP to get rid of its interest in Russia’s Rosneft and Equinor to exit Russian JVs
BP has decided to exit its shareholding in Russia’s Rosneft while Equinor has moved to exit its JVs in Russia.
Germany to break free from Russian gas with two LNG terminals
Germany has revealed plans to build two liquefied natural gas (LNG) terminals in the near future in an effort to reduce its dependence on Russian gas.
New drilling contract for Japan’s rig owner
Japan Drilling Co. (JDC) has secured a new contract for one of its jack-up rigs for operations offshore Indonesia.
DOF Subsea hires Otto Candies vessel for Gulf of Mexico ops
DOF Subsea has entered into an agreement with Otto Candies for the charter of the Jones Act-compliant vessel Chloe Candies to support operations in the Gulf of Mexico. The charter period commences in May and is for a firm period of two years. The aim is to use the vessel to support ongoing operation
Santos securing Australian well over potential cyclone threat
Santos is securing its well, currently being drilled off Australia, and down-manning the rig due to potential cyclone activity in the area.
Nordic Hydrogen Partnership gets Nordic Innovation financing
The Nordic Hydrogen Partnership (NHP) has been granted financing by Nordic Innovation, extending its hydrogen collaboration project in the Nordic countries.
Germans launch participation procedure for subsea power link to Sweden
Germany’s Federal Maritime and Hydrographic Agency (BSH) has launched the participation procedure for the German continental shelf section of the Hansa PowerBridge subsea cable project. BSH is now accepting submissions from public interest representatives as part of the participation procedure for t
After recent gas discovery, Chariot secures more acreage offshore Morocco
Chariot has expanded its footprint offshore Morroco with a new licence, capturing prospective acreage around its Anchois gas discovery.
Eco Wave Power to apply for stock exchange delisting
Eco Wave Power has informed it plans to apply for delisting from Nasdaq First North Growth Market, shifting the attention to the Nasdaq Capital Market in the United States.