Business & Finance
Argeo marks entry into Brazil’s oil & gas sector with AUV deal
Norwegian marine survey contractor Argeo has signed an agreement with an undisclosed client to provide autonomous underwater vehicle (AUV) services in the Brazilian oil and gas sector. The project is scheduled to commence early in the first quarter of 2022 and includes the possibility of being exten
Petronas and Posco team up to unlock carbon capture and storage potential in Malaysia
Petronas and Posco have joined forces to collaborate on evaluating and exploring CCS potential in Malaysia.
TotalEnergies and Petronas get stakes in Petrobras assets to expand pre-salt footprint off Brazil
TotalEnergies and Petronas have increased their pre-salt portfolio, following successful bids on Petrobras -operated fields, offshore Brazil.
Poseidon Principles signatories make progress in decarbonizing shipping
11 out of 23 ship finance portfolios are aligned with the International Maritime Organization’s (IMO) decarbonization target. In 2020, only 20% of reporting signatories were aligned with this goal, according to a new Poseidon Principles report.
SBM Offshore unveils $620 million loan for Mero FPSO
SBM Offshore has secured a $620 million loan for the construction of the FPSO, which will be deployed at the Mero field offshore Brazil.
GC Rieber sells SURF vessel to Taiwanese offshore wind company
Norwegian shipowner GC Rieber Shipping has entered into an agreement with the Taiwanese offshore wind company Dong Fang Offshore for the sale of its SURF, construction vessel Polar Onyx. The delivery of the 130-meter long vessel, built at Ulstein Verft in 2014, is expected to take place in the first
Maersk Drilling inks rig renewal deal worth around $1 bln with Aker BP
Maersk Drilling and Aker BP have agreed to renew a frame agreement for two jack-up rigs. The estimated value of this deal is around $1 bln.
Wood nets UK North Sea contract wins worth $160 million in Q4 2021
Wood has secured contracts worth around $160 million with several companies – including Shell and Dana Petroleum – for ops in the UK North Sea.
Petrobras restarts production from Brazilian gas field following pipeline repairs
After the repairs were carried out on the export pipeline’s subsea valve, Petrobras has resumed gas production from the Manati field.
Norwegian trio gets approval for manned underwater ops
Norway’s offshore safety regulator, the Petroleum Safety Authority (PSA), has granted Vår Energi, Equinor and Gassco consent to carry out manned underwater operations in 2022. The consents apply to facilities and pipeline systems on the Norwegian continental shelf, and pipelines subject to Norwegian
AD Ports scores new projects in Jordan
Logistic facilitator Abu Dhabi Ports (AD Ports) has signed four strategic agreements and a Head of Terms Agreement (HoT) with Jordan’s Aqaba Development Corporation (ADC) for the development of a new cruise terminal in Aqaba.
Solstad clinches another vessel deal for North Sea ops
Solstad Offshore has been awarded a long-term contract for another PSV by an undisclosed charterer to support operations in the North Sea.
Oceaneering carries out first ROV remote piloting offshore UK
Oceaneering has carried out the first onshore remote piloting of a remotely operated vehicle (ROV) in the UK sector from its Onshore Remote Operations Center (OROC) in Stavanger, Norway.
NovaAlgoma Cement Carriers ups stake in JT Cement
NovaAlgoma Cement Carriers (NACC), a cement shipping joint venture between Luxembourg’s Nova Marine and Canada’s Algoma Central Corporation, has doubled its investment in JT Cement by acquiring an additional 25% of its share equity from KGJ Cement Holdings AS.