Business & Finance
U.S. operator adding 10 offshore supply vessels to fleet
Hornbeck Offshore has inked a deal to acquire ten offshore supply vessels (OSVs) from affiliates of Edison Chouest Offshore.
Wilhelmsen Ship Management takes 80% stake in Ahrenkiel Tankers
Singapore-based ship manager Wilhelmsen Ship Management has signed an agreement to acquire a majority stake in Germany’s Ahrenkiel Tankers, strengthening its position in the tanker market.
Aker BP cleared to drill pilot well in North Sea
Norwegian offshore regulator has granted Aker BP consent for exploration drilling in the North Sea, using the Deepsea Nordkapp rig.
Saipem scoops $1.1 billion in new Australia and Guyana awards
Italian oilfield contractor Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of $1.1 billion.
Driven by gas and LNG, global oil & gas investments set to rise in 2022, Rystad says
Global oil & gas investments will expand by $26 bln this year as the industry continues its recovery from the pandemic, Rystad Energy says.
Wilson acquires 11 bulk carriers under Arkon deal
Norwegian short-sea operator Wilson has entered into an agreement to purchase eleven bulk carriers under the lease contract signed with German Arkon Shipping in 2020.
DNV certifies Strohm and Evonik’s TPC carbon fibre for hydrocarbon transport
Strohm and Evonik have secured full certification from DNV attesting that the undirectional Carbon Fibre PA12 tape used for Strohm’s Thermoplastic Composite Pipe (TCP) is fit to use for dynamic sweet and sour hydrocarbons, water, and gas injection applications. The companies, in partnership with the
CNOOC plans to boost output over next three years while fostering energy transition initiatives
CNOOC’s 2022 Business Strategy and Development Plan seeks to increase profit and oil & gas production while advocating green initiatives.
TGS begins Natuna Basin 2D seismic data reprocessing
TGS has commenced a broadband 2D regional seismic data reprocessing project covering the Natuna Basin offshore Indonesia. The project includes both West and East Natuna, tying key wells to create a new regional framework, including coverage of Natuna D Alpha, the largest undeveloped gas field in Sou
Top energy transition trends to watch in 2022, as seen by Westwood
Westwood Energy and its energy transition team gave us their views on the main trends that oil and gas firms should watch in 2022.
Haldor Topsøe signs $50.9m loan with EIB for green hydrogen research
Danish CO2-reduction tech company Haldor Topsøe has signed a €45 million ($50.9m) loan agreement with European Investment Bank to support green hydrogen technologies research.
California allocates $45m to kick-start offshore wind in $2bn clean energy budget
California’s Governor Gavin Newsom unveiled a state budget proposal for the 2022-2023 fiscal year on 10 January, following the revision issued in May 2021 which dedicated $20 million for offshore wind activities. The budget proposed now raises this to $45 million. The $2 billion budget for the Clean
New dry bulk operator and pool launches in Greece
A new venture combining a dry bulk operator and a pool manager with an initial focus on the Panamax market has launched in Athens, Greece.
Offshore wind brings Gavin & Doherty Geosolutions to USA
Irish offshore engineering consultancy Gavin & Doherty Geosolutions (GDG) has officially opened an office in the United States to support the offshore wind market with geotechnical solutions and design services. The Irish company incorporated GDG Inc. and established an office in Providence, Rhode I