Business & Finance
In focus: Emission-reduction initiatives ramping up across offshore energy sectors
The COVID-19 pandemic may have transformed the way we live and work; however, the offshore energy sector seems to find its way through these challenges. A flashback to the week behind us reveals that new roadmaps to achieve net-zero goals are developed across various sectors, while new projects are
Upstream M&A deals hit three-year high in 2021 – Rystad
Global upstream merger and acquisition deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 bln, Rystad Energy’s says.
Oilfield services players close the year on a positive note
Two giant oilfield services players – Baker Hughes & Schlumberger – closed the year 2021 on a positive note.
ESB launches qualification system for geophysical surveys
Ireland’s Electricity Supply Board (ESB) has launched its qualification system for offshore geotechnical surveys and is now inviting applications. With this procedure, ESB intends to establish a qualification system to procure the scope of services pertaining to offshore geotechnical surveys for the
Highest utilisation rate for Prosafe fleet since 2015
In 2021, Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015.
UK subsea services firm enters Taiwanese offshore wind market
UK subsea services firm OMS International (OMSi), a subsidiary of Offshore Marine Management Holdings (OMMH), has entered the Taiwanese offshore wind market by signing a memorandum of understanding (MoU) with Alliance Energy. OMSi Taiwan’s investment strategy is to combine local resources with offsh
Bombora secures MOL investment to advance wave power technology
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has invested in Bombora Wave Power, cementing their wave energy partnership formed a year ago.
TotalEnergies withdrawing from Myanmar amid ‘worsening situation’
TotalEnergies has decided to withdraw from its operations in Myanmar following a military coup in the country in February 2021.
Bumi Armada agrees to sell three ice-class vessels to Russian player
Malaysia’s Bumi Armada has arranged to sell its stake in four subsidiaries holding three ice-class vessels to Russia’s Lukoil.
HYON raises fresh funds to develop maritime hydrogen bunkering business
HYON AS, a Norway-based provider of zero-emission maritime hydrogen bunkering solutions, has announced the successful completion of a private placement of NOK 50 million ($5.6 million), valuing the company at NOK 130 million.
Petrobras begins hunt for High-Pressure Separation technology developer
Petrobras, the operator of the Libra consortium, has started contracting suppliers for the design, construction, installation and testing of the High-Pressure Separation technology (HISEP) that aims to separate and reinject gas with high CO2 content produced alongside the oil while still on the seab
UK court rules in favour of oil & gas regulator but ‘the fight goes on’ for activists
The UK regulator welcomes the court ruling, while environmentalists suffer a setback, sparking renewed determination to continue fighting.
McDermott books Heerema for Saudi project
Heerema Marine Contractors has secured a contract with McDermott to transport and install six jackets for Saudi Aramco’s Marjan project.
Fugro to back subsea ops at Mero 2
Fugro has secured a subsea survey and positioning contract with Maersk Supply Service to support the installation of an anchoring system for the floating production storage and offloading (FPSO) vessel Sepetiba at Petrobras’ deepwater Mero 2 project in Brazil. For the project, Fugro will use its Qui