Business & Finance
Offshore wind, green hydrogen ‘nice-to-haves’ for oil & gas majors as hydrocarbon production moves towards its peak – Westwood
While oil and gas majors are increasingly entering new offshore wind and green hydrogen projects, it is but a small portion of the overall pie, to quote David Linden from Westwood Global Energy Group. As a reaction to the energy transition, the oil and gas majors are diversifying and now have more o
Volantis to continue working for DeepOcean
Norwegian vessel owner and operator Volstad Maritime has signed a one-year time charter agreement with DeepOcean for the multi-role subsea construction vessel Volantis.
PLOCAN takes the baton for MUSICA project
The Oceanic Platform of the Canary Islands (PLOCAN) has been confirmed as the new coordinator of the EU-backed MUSICA project that aims to develop a multi-use platform combining renewable energies, aquaculture, water desalination, energy storage and green support services.
New three-year gig for Shelf Drilling’s rig in India
Shelf Drilling has received an award for a three-year contract with ONGC for offshore operations in Indian waters.
Kongsberg and Norsepower join forces for rotor sail integration in maritime industry
Norwegian Kongsberg Maritime (KM) and Finnish Norsepower have signed a Memorandum of Understanding (MoU) to facilitate the integration of auxiliary wind propulsion to new and existing vessels in diverse maritime markets.
Kraken picks up $7.1 million from new subsea inspection contracts
Kraken Robotics has secured $7.1 million for two contracts from the Newfoundland Offshore Oil and Gas Industry Recovery Assistance (OOGIRA) Fund for offshore subsea inspection scopes.
Searoutes raises $2.7M to cut shippers’ GHG emissions
Searoutes, the Marseilles-based startup that helps shippers reduce the carbon footprint of their transport, has unveiled a new, €1.3 million (about $1.5 million) financing round.
Offshore gas platform owner to test wind potential in North Adriatic
A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wind Lidars at gas platforms as part of the company’s Low Carbon Development Strategy. Lidar ZX 300M will be deployed to begin taking measurem
Tekmar CPS for Parkwind’s German offshore wind project
Tekmar Group has secured a contract with Global Offshore to supply cable protection systems (CPS) for the Arcadis Ost 1 offshore wind project in Germany. Tekmar will design, manufacture, and supply its latest generation of TekTube CPS to protect the project’s inter-array cables as they transition fr
United seeking partner to unlock Jamaican oil potential after scoring licence extension
After being awarded an extension on the Walton Morant licence in Jamaica, United Oil & Gas will be moving forward with its farm-out campaign.
Wood stays on Peregrino duty for Equinor
Wood has secured an extension with Equinor to deliver maintenance solutions across the Peregrino wellhead platform and FPSO unit off Brazil.
Aibel to bank $560 million from four new contracts with Equinor
Norwegian oil and gas giant Equinor has signed contracts with Aibel worth around NOK 5 billion (about $560 million), including options.
Lukoil strikes oil in waters off Mexico
Russian oil and gas company Lukoil has made an oil discovery within the Yoti West structure at Block 12 located offshore Mexico.
Prysmian inks €68 million deal for new subsea power link in Italy
Prysmian has received a Letter of Award from Italian transmission system operator (TSO) Terna to develop a submarine power link between the island of Elba and the Italian mainland.