Business & Finance
Equinor sets sights on two North Sea wildcats
Norway’s Equinor has secured a drilling permit for two wildcat wells located in the North Sea offshore Norway.
Sonardyne aims at safer UXO clearance with new wireless technology
Sonardyne has launched a wireless underwater initiation capacity with the aim of improving the safety and efficiency of unexploded ordnance (UXO) clearance during offshore energy projects. The Initiation Transponder 6 (IT 6) is designed to be connected directly to a remotely deployed, non-electric m
Woodside unveils exec team to lead new company after BHP merger
Woodside has revealed a new executive team, which will lead the new company, following the completion of the proposed merger with BHP.
APM Terminals Mumbai boosting capacity with $115M investment
APM Terminals Mumbai, also known as Gateway Terminals India (GTI), has decided to invest $115 million in infrastructure development with the aim of increasing the container handling capacity.
Aker BP and Lundin ink merger plan to create second-largest producer in Norway
Following an agreement to combine, Aker BP and Lundin Energy have now signed a merger plan with an aim to close the deal in mid-2022.
Normand Clipper to stay with Global Marine
Solstad Offshore and Global Marine Group have signed a contract extension for the construction support vessel (CSV) Normand Clipper. The parties decided to extend their present contract for Normand Clipper with a further three years to May 2026, and additional options thereafter. Global Marine Group
Tufton Oceanic joins zero carbon shipping centre, divests three containerships
UK’s investment company Tufton Oceanic Assets Limited has joined the Maersk Mc-Kinney Møller Centre for Zero Carbon Shipping and is continuing to divest containerships as part of its commitment to capital re-allocation.
MacGregor to furnish CNOOC with FPSO offloading systems
MacGregor, part of Cargotec, has inked a deal to supply FPSO offloading systems for CNOOC’s redevelopment project in the South China Sea.
Neptune secures drilling permit for North Sea well
Neptune Energy has received a drilling permit from Norwegian authorities for a well located in the North Sea off Norway.
Peterson brings its carbon neutral aspirations closer to reality
Energy logistics provider Peterson has made progress in advancing its aim of reaching a carbon neutral status by the end of 2022.
Transocean rigs land new jobs with better day rates
Offshore drilling contractor Transocean has secured more work for its fleet of drilling rigs, pushing its backlog up to $6.5 billion.
Gazprom Neft concludes seismic surveys in Kara Sea
Gazprom Neft, a unit of Russian gas giant Gazprom, has completed seismic surveys at the Yuzhno-Obsky license block located in the waters of the Gulf of Ob in the Kara Sea. The goal of the seismic surveying, which included six vessels equipped to work at ultra-shallow depths of less than seven meters
Clean Oceans Initiative commits to provide €4 bln to protect oceans
Clean Oceans Initiative decided to raise its target to provide €4 billion of financing by the end of 2025, instead of the €2 billion initially expected to be reached by 2023.
Guyana partners have a change of heart when it comes to drilling plans
Frontera Energy and CGX Energy will not be moving forward with its previous plans for exploration drilling in Demerara block off Guyana.