Business & Finance

MLEP launches second chemical tanker tranche
Easterly Asset Management’s maritime investment company Maritime Logistics Equity Partners (MLEP) is launching its second chemical tanker tranche.

Geoquip Marine responds to Jones Act breach allegations
Offshore geotechnical engineering and drilling company Geoquip Marine has issued its response to allegations made by the American Offshore Marine Service Association (OMSA) that the company’s integrated geotechnical survey vessel (IGSV) Geoquip Saentis is working in contravention of the Jones Act.

TotalEnergies’ well flow test off Suriname supports hopes for oil development hub
TotalEnergies and APA Corporation have completed a flow test at an appraisal well off Suriname, confirming an excellent quality black oil reservoir.

Aberdeen Harbour, BP jointly exploring port decarbonisation projects
Aberdeen Harbour and oil and gas company BP have entered the Memorandum of Understanding (MoU) to work on projects that could help decarbonise the port operations.

PXGEO goes to Egypt
Seismic surveyor PXGEO has secured a contract to carry out of 3D towed streamer project in Egypt for an undisclosed client.

Maersk rig booked for new job in Dutch North Sea
Maersk Drilling has been awarded a contract with ONE-Dyas, which will employ a jack-up rig to drill exploration wells in the Dutch North Sea.

Several players team up to usher in new era of low carbon workforce in Scotland
In a move designed to support and build Scotland’s low carbon workforce, OPITO joined forces with the Acorn Project and Scottish Cluster to create a plan for industrial skilling and reskilling training.

Well-Safe’s new director to play key role in expansion
Well-Safe Solutions has appointed a new director for strategy and business development, expected to secure more work for the firm’s decommissioning rigs and play a crucial role in further business expansion.

North Sea workers vote for all-out strike in push against job & pay cuts
Following a dispute over cuts, Unite has revealed plans to take industrial action, after workers cast their votes to undertake strike action.

Reach Subsea books Olympic Subsea trio for next year
Reach Subsea has entered into an agreement with Olympic Subsea for the extension of contracts for two subsea vessels and a new contract for one vessel for the 2022 season.

Awilco pursuing recycling options for stacked rig
Offshore drilling contractor Awilco Drilling has now decided to scrap one of its rigs, which has been stacked for years.

OPT acquires autonomous surface vehicle manufacturer
Ocean Power Technologies (OPT) has acquired California-based developer and manufacturer of autonomous surface vehicles (ASVs) Marine Advanced Robotics.

Offshore wind cable market to grow six-fold this decade – RenewableUK
The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to th

Woodside files plan for Scarborough drilling operations
Woodside has filed its environment plan for the Scarborough drilling and completions operations and the plan is now under assessment.