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Valaris 123 jack-up rig; Source: Valaris
Authorities & Government

UK firm dropping out of Shell’s North Sea gas discovery due to funding woes

Deltic Energy is exiting from a gas discovery in the Southern North Sea after its efforts to secure funds for its share of appraisal costs fell through.

about 2 years ago
Mein Schiff 7
Business Developments & Projects

Methanol-ready Mein Schiff 7 delivered

Finnish shipbuilder Meyer Turku has delivered Mein Schiff 7, a methanol-ready cruise ship, to German cruise line TUI Cruises.

about 2 years ago
Photo showing Minesto's DG100 tidal kite in Faroe Islands (Courtesy of Minesto)
Business Developments & Projects

Minesto and Sev renew power purchase agreement, adjusting energy price levels

Swedish tidal energy developer Minesto, and Faroese company Sev, have renewed and updated the power purchase agreement (PPA).

about 2 years ago
Yara opens 24 MW renewable hydrogen plant in Norway
Authorities & Government

Yara opens 24 MW renewable hydrogen plant in Norway

Norwegian Prime Minister Jonas Gahr Støre has inaugurated Yara International’s 24 MW renewable hydrogen plant at Herøya Industrial Park in Norway.

about 2 years ago
Deltamarin wins LR’s approval for design of very large gas carriers
Certification & Classification

Deltamarin wins LR’s approval for design of very large gas carriers

Finnish ship design and engineering company Deltamarin has obtained approval in principle (AiP) for the design of next-generation very large gas carriers.

about 2 years ago
All clear for TGS and PGS merger
Authorities & Government

All clear for merger of Norwegian seismic firms

Following approval from the Norwegian Competition Authority, Norway-headquartered PGS and TGS have now received clearance for their merger from the UK Competition and Markets Authority (CMA), which is the final regulatory approval required. TGS and PGS announced their agreement on principal terms to

about 2 years ago
Transocean Enabler; Source: Transocean
Business & Finance

Vår Energi all done with intra-group merger

Norway’s Vår Energi has completed the merger with its wholly-owned subsidiary Vår Energi Norge, previously known as Neptune Energy Norge.

about 2 years ago
EnergyPathways
Authorities & Government

UK firm set on getting hold of gas storage license in its East Irish Sea project area

EnergyPathways has confirmed its interest in acquiring a gas storage license situated in the same area as its undeveloped gas field in the East Irish Sea.

about 2 years ago
Noble Interceptor rig; Source: Noble Corporation
Business & Finance

Noble-Diamond Offshore fusing into ‘perfect fit’: US drilling giants merging to create 41-strong rig fleet

Noble Corporation has taken steps to bring Diamond Offshore into its fold, which will give birth to a U.S.-based offshore drilling heavyweight with a fleet of 41 rigs and a combined backlog of $6.5 billion.

about 2 years ago
Oceaneering expands collaboration with Petrobras with two 'significant' contracts
Business & Finance

Oceaneering expands collaboration with Petrobras with two ‘significant’ contracts

U.S. technology company Oceaneering has expanded its cooperation with Brazilian oil and gas giant Petrobras by securing two contracts that will have an expected aggregate net revenue in the range of $120 million to $183 million. Oceaneering’s Manufactured Products segment won two contracts with Petr

about 2 years ago
MARIC’s 12,800 CEU ammonia-fueled car carrier receives LR’s approval
Business Developments & Projects

MARIC’s 12,800 CEU ammonia-fueled car carrier receives LR’s approval

Lloyd’s Register (LR) has awarded approval in principle (AiP) to the Marine Design & Research Institute of China (MARIC) for a dual-fuel 12,800 CEU capacity pure car and truck carrier (PCTC) design.

about 2 years ago
biofouling
Environment

Controlling the hidden financial and environmental costs of biofouling

One often overlooked contributor to a ship’s fuel efficiency and total emissions is the impact of biofouling.

about 2 years ago
European JV getting ready to kick off project seeking to revolutionize Senegal’s power infrastructure
Business & Finance

European JV getting ready to kick off project seeking to revolutionize Senegal’s power infrastructure

A UK-Belgium joint venture established last year has begun vessel mobilization for a project in Senegal that is part of a program that aims to revolutionize the country’s power infrastructure and provide sustainable electricity to millions of people. Under a $200 million contract, UK’s Enshore Subse

about 2 years ago
EDRILL-3 semi-sub; Source: Keystone Offshore
Business Developments & Projects

Singaporean firm strikes deal to help Chinese drilling player go international

Singapore’s Keystone Offshore has signed an MOU with China’s CPOE forming a strategic alliance to elevate their offshore portfolios.

about 2 years ago
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