Business & Finance
IKM Elektro to take care of Vår Energi assets in next five years
Vår Energi has entered into an agreement with IKM Elektro to support all of its operated facilities on the Norwegian continental shelf.
IOG’s North Sea project still on track for first gas after repairs on Noble rig
IOG plc expects to continue working on a UK North Sea project soon following repairs to a damaged Noble Corporation-owned rig.
Wärtsilä and MPA team up for smart port solutions
Finland-based Wärtsilä Voyage and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) to collaborate on smart port innovation and digitalisation.
New Fortress Energy gets credit rating upgrade
New York-based LNG infrastructure company New Fortress Energy (NFE) says that S&P Global Ratings (S&P) has upgraded its issuer credit rating from ‘B+’ to ‘BB-’/Stable Outlook.
Shell faces protests over seismic survey plans in South Africa
Nearly 200 citizens and environmental activists gathered on 21 November in the morning to protest against the arrival of seismic acquisition vessel Amazon Warrior in Cape Town harbor in South Africa ahead of Shell’s planned five-month seismic survey campaign.
North Sea 4D OBN win for Magseis Fairfield
Norway’s Magseis Fairfield has secured a conditional award for a 4D ocean bottom node (OBN) survey in the North Sea.
Lundin secures permit for Norwegian wildcat well
The Norwegian Petroleum Directorate has granted Lundin Energy Norway a drilling permit for a wildcat well in the Norwegian Sea.
Standard Drilling disposes of vessel to diversify energy investments
Standard Drilling has agreed to sell one of its large-sized PSVs for $10.3 million to increase its capital to pursue diversified investments within the energy sector.
Asyad Group seeks private partners for port expansion
Logistics provider Asyad Group has issued a request for expression of interest (REOI) to local and international private firms looking to enter joint engagements and cooperate to develop the infrastructure and operations of Suwaiq Port in Al Batinah North, Oman.
Clock is ticking for the future of tidal stream energy in UK, industry warns
Leading figures in the marine energy sector have warned that the UK’s world-leading position in tidal energy can only be maintained with ‘practical support from Government to match its undoubted goodwill’.
CNOOC brings online Lufeng oil fields off China
CNOOC Limited has started production from the Lufeng oil fields regional development project located offshore China.
Asso.subsea to install cables at Danish offshore wind pair
Vattenfall has awarded Asso.subsea with a contract for the transportation, installation, protection and commissioning of the 66 kV export and inter-array cables for the Vesterhav Nord and Syd offshore wind projects in Denmark.
PJ Valves gets its hands on two Brazilian contracts worth $11 million
UK-based PJ Valves has won two FPSO valve contracts worth $11 million for projects in Brazil.
CMA CGM adds 62 ships, reports profit of $5.6B
CMA CGM delivered a strong financial performance for the third quarter of 2021 with a net income rising to $5.6 billion from $567 million seen in Q3 2020.