Business & Finance
CMA CGM, DB Schenker fueling green container transport
Logistics companies DB Schenker and CMA CGM are moving towards decarbonising ocean freight by joining forces to offer green container transport, which immediately reduces the environmental footprint of maritime transport.
Brazil: Enauta adds two more wells to hired rig’s backlog
Enauta has exercised its option to add two more wells to its contract for a drilling rig chosen for ops on its Atlanta field, off Brazil.
Neptune spuds North Sea prospect close to existing infrastructure
Neptune Energy has started drilling the Hamlet exploration well located in the Norwegian sector of the North Sea.
Energinet looking for Bornholm cable fault following power outage
Denmark’s energy operator Energinet has kicked off activities to re-establish the power on the submarine cable between Bornholm and Sweden following a power outage. A fault occurred on the cable at 06:17 a.m. on Saturday, 26 February, causing a power outage for Bornholm, Energinet reported. On Sunda
Teekay LNG makes corporate changes as it rebrands to Seapeak
After changing its name to Seapeak, Bermuda-based shipping company Teekay LNG Partners makes additional organizational updates.
U.S. offshore rig count stops in its tracks
After a sudden decline to 12 units, the number of offshore rigs in the U.S. came to a stop and remained unchanged last week.
UK competition regulator investigating Noble-Maersk Drilling merger
The UK’s competition regulator is looking into the proposed merger between offshore drilling giants, Noble Corporation and Maersk Drilling.
Saipem to focus on core oil & gas and low-risk offshore wind projects following financial woes
Following a profit warning in late January, Saipem has revealed details about its revised strategic plan for the 2022-2025 period.
Seplat seals the deal to take over ExxonMobil’s shallow water assets in Nigeria
Seplat Energy has inked an agreement to acquire the entire share capital of ExxonMobil’s Mobil Producing Nigeria Unlimited.
Seaway 7 and Sumitomo making subsea cable one-stop-shop in Asia-Pacific
Sumitomo Electric Industries and Seaway 7 have signed a Memorandum of Understanding (MoU) to together provide subsea cable engineering, procurement, installation, and commissioning (EPIC) services for offshore wind projects in Japan and the wider Asia-Pacific region. The collaboration is planned to
Fresh project start-up for Eni in Angola’s deep offshore
Eni has started production from Ndungu Early Production development project, in Block 15/06 of the Angolan deep offshore.
US imposes sanctions on Russia’s largest shipping company
Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in response to Putin’s “war of choice” against Ukraine.
Equinor gearing up for Barents Sea wildcat
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located offshore Norway.
Solstad concludes 2021 with positive numbers despite Covid hits
Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-y