Business & Finance
Maersk partners with Unilever on international logistics
Danish container shipping and logistics giant A.P. Moller – Maersk has entered into a strategic partnership with multinational consumer goods company Unilever on the ocean and air transport.
BP to raise its stake in ‘iconic’ UK field as Viaro heads out
BP is increasing its stake in a field located on the UKCS through a deal signed with Viaro Energy’s subsidiary RockRose Energy.
Industry players looking into eco-friendly seismic data collection
Equinor, Lundin, Shearwater GeoServices and Vår Energi have established a joint industry project seeking to develop a more environmentally friendly method for seismic data colletion.
DEME completes Dogger Bank inter-array cable trifecta
DEME Offshore has won the engineering, procurement, construction and installation (EPCI) contract for the inter-array cables at the Dogger Bank C offshore wind farm in the UK.
MOL and Vopak join in on FSRU for Hong Kong’s 1st LNG import terminal
Mitsui O.S.K. Lines (MOL) and Royal Vopak will jointly own MOL FSRU Challenger (soon renamed to Bauhinia Spirit) which will serve Hong Kong LNG Terminal Limited 1.
Santos getting ready for two wells near Dorado field
Santos is preparing to start drilling operations on two exploration wells near the Dorado field. with the first well set to begin in January 2022.
Stena rig arrives in Morocco to drill Chariot wells
A Stena Drilling-owned rig has arrived in waters offshore Morocco to carry out drilling operations on the Anchois gas project for Chariot.
Aker BP sanctions North Sea discovery important for Ivar Aasen area
Aker BP and its licence partners have affirmed the investment decision for the development of a North Sea discovery.
Marine insurers agree framework to support green shipping
Six of the world’s leading marine insurers have launched an initiative to provide transparency on carbon emissions and support the shipping industry’s green transition.
BP picks contractors for UK’s landmark carbon capture and storage cluster prize
BP has selected two consortia of contractors to participate in a FEED competition to advance the development of one of the first decarbonised industrial clusters in the world.
OPT grows second quarter loss
U.S.-based marine energy company Ocean Power Technologies (OPT) has increased its net loss in the second quarter of fiscal 2022, as compared to the same period a year earlier.
UK specialist to develop maintenance strategy for DeNovo’s renewable-powered asset off Trinidad
Oil Plus has been awarded a contract by DeNovo to support the renewable energy powered Zandolie platform, located offshore western Trinidad.
UK pipeline technology firm changing hands
SRJ Technologies has executed a share purchase agreement (SPA) to acquire 100% of the issued share capital of UK-based pipeline technology firm STATS (UK) Limited, subject to customary conditions including the buyer obtaining shareholder approvals.
Petrobras extends Siem Helix 2 charter at reduced rate
Helix Energy Solutions has secured an extension of its well intervention charter and services contracts for the Siem Helix 2 with Petrobras at a reduced rate.