Business & Finance
Six key offshore wind themes to watch in 2022 – Westwood
The following is a guest post by Westwood Global Energy Group’s Senior Analysts Michelle Gomez, Bahzad Ayoub and Ruth Chen. The offshore wind sector had another record-breaking year in 2021. Some 18.6 GW of capacity was put into operation – the industry’s highest level of annual capacity additions.
BOA Sub C gets busy in the North Sea
Norwegian offshore contractor BOA OCV has secured a new contract for the subsea construction vessel BOA Sub C with who it describes as a “large international contractor”. The scope of the contract includes construction and decommissioning projects in the North Sea. Commencement is expected in May fo
Serica gearing up for exploration drilling and well intervention in North Sea
Serica is planning to drill an exploration well in the North sea and undertake a well intervention campaign to boost production.
Enauta repairs pipeline but Covid-19 outbreak hampers restart
Enauta has completed the repair of a production line on the FPSO but the production from the field is still shut due to a Covid-19 outbreak.
Port of Rotterdam’s service continuity unharmed in 2nd corona year
The second corona year did not jeopardise the continuity of services at the Harbour Master’s Division of the Port of Rotterdam, according to the authority.
Wavepiston embarks on €2M capital raise to progress wave energy technology
Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.
Zhejiang Energy to take 10% stake in Russian Yakutia LNG
Chinese gas distributor Zhejiang Energy will acquire a 10 per cent stake in Russia’s Yakutia LNG project for $5.67 billion.
WATCH: Well-Safe cheers ‘momentous landmark’ as decommissioning rig heads to North Sea
Well-Safe Solutions has reached a major milestone with the mobilisation of its Well-Safe Guardian rig for its first job in the UK North Sea.
Golar’s LNGC spinoff firm CoolCo scores $570m loan
Bermuda-based LNG shipper Golar updates on its newly-formed company Cool Company (CoolCo) that will acquire its eight TFDE LNG carriers.
Norway recorded higher oil & gas output in December
Norway’s oil production in December 2021 was below the NPD’s predictions for the second consecutive month along with the gas output.
Forssea collects €3.8 million for ROV commercialization
French underwater robotics company Forssea Robotics has raised €3.8 million from SOFILARO (Crédit Agricole), Qair Innovation and a France 2030 grant to finance the commercial deployment of its ARGOS remotely operated vehicle (ROV). The fundraising will finance Forssea’s commercial deployment with th
Eco Wave Power set to officially ring the Nasdaq bell
Swedish-Israeli wave energy company Eco Wave Power is set to hold a Nasdaq bell ringing ceremony to officially mark the occasion of becoming a publicly listed company on the U.S. stock market.
SBM Installer joins Asso’s fleet
Asso Group has taken over the dive support and construction vessel (DSCV) SBM Installer, following a purchase agreement with SBM Offshore. The vessel was delivered to Asso Group on 19 January in Algeciras, Spain, and was renamed Athena, hoisting the Greek flag. Over the next days, it will be re-clas
Frontier exploration drilling in 2021 fell to the lowest level ever recorded by Westwood
Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.