Business & Finance
New CFO to join Dril-Quip next year
Dril-Quip has found its new CFO after engaging the services of an executive search firm, which assisted with the selection process.
Samsung Heavy gets rid of ex-Ocean Rig drillship with hopes to sell three more
South Korea’s shipbuilder Samsung Heavy Industries has agreed to sell a former Ocean Rig drillship to an unnamed European company.
UK port set for revival with plans to recycle old rigs into foundations for floating wind farms
UK’s Ardersier Port, which was one of the largest oil rig fabrication yards in the world, is now set to be transformed into Europe’s first fully circular energy transition facility.
TechnipFMC delivers fourth subsea tree for Lambert Deep project
TechnipFMC’s team in Perth, Australia, has delivered the fourth Subsea 2.0 tree for Woodside’s Lambert Deep project located offshore Northwestern Australia.
Harvey Gulf to usher in net carbon neutral fleet in bid to cut emissions
Harvey Gulf is working to deliver a fleet of offshore vessels that will be operating in a net carbon neutral capacity.
Greek cable manufacturer starts its net-zero journey
Greek cable manufacturer Hellenic Cables has submitted its commitment to the Science Based Target Initiative (SBTi) to achieve net-zero greenhouse gas emissions by 2050. Hellenic Cables commits to developing science-based targets according to the SBTi Net-Zero Standard announced on 28 October which
Vysus to inspect Well-Safe’s rig ahead of upcoming North Sea decom gigs
ModuSpec has been chosen to verify whether the Well-Safe’s rig is fit for purpose to complete the upcoming decom campaigns in the North Sea.
Swimsol grabs $14M loan for rooftop and floating solar in the Maldives
Austrian solar energy developer Swimsol has secured $14 million loan from the Swiss sustainable asset manager responsAbility and the Development Bank of Austria (OeEB) to advance its floating solar activities in the Maldives and other island states.
TechnipFMC’s Ghana team marks first subsea tree assembly in five years
TechnipFMC’s Takoradi base in Ghana has completed the assembly of its first subsea tree in five years, destined for Tullow Oil’s Jubilee South East development. The tree is the first of ten being manufactured in Dunfermline, the UK, then assembled and tested in-country for Tullow’s full field develo
Report reveals decline in UK North Sea well numbers but better success rates
UK petroleum regulator has revealed that the number of exploration and appraisal wells spudded has declined, but success rates have improved.
Teekay LNG Partners updates on merger with Stonepeak
Bermuda-based shipping company Teekay LNG Partners says its common unitholders voted to approve the proposed acquisition by merger of Teekay LNG by NYC-based investment firm Stonepeak.
Chevron plans $15 billion spending budget for 2022
Chevron has revealed its 2022 organic capital and exploratory spending programme of $15 billion, at the low end of its $15-$17 billion range.
BP buying JX Nippon’s stakes in North Sea fields
UK oil and gas giant BP has agreed to buy JX Nippon’s interests in the Andrew area located in the UK North Sea.
MOL expanding business portfolio with two new acquisitions
Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to acquire common stock of real estate ownership firm Daibiru Corporation and maritime transport company Utoc Corporation.