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Global Underwater Hub names first chair
Business & Finance

Global Underwater Hub names ex-SMD CEO as first chair

UK’s new subsea industry organisation The Global Underwater Hub (GUH) has appointed Andrew Hodgson, former CEO of Soil Machine Dynamics (SMD), as its first chair. Hodgson will take up the role as Subsea UK transitions into a new strategically-focused organisation that aims to transform the UK’s unde

about 5 years ago
Edvard Grieg platform - Lundin
Business & Finance

Green light to Lundin for North Sea field start-up

Oil and gas company Lundin Energy has received consent from Norwegian authorities for the start-up of the Solveig field in the North Sea.

about 5 years ago
Minister of Finance, Jan Tore Sanner - Norway petroleum tax
Business & Finance

Norwegian government proposing stricter petroleum tax rules

Norway’s government is proposing to revise the petroleum tax system, introducing stricter tax rules with a more neutral effect on investments.

about 5 years ago
Bibby Marine’s WaveMaster 1 - Neptune
Business & Finance

Neptune kicks off first W2W campaign at North Sea field

Neptune Energy has started the first Walk to Work (W2W) campaign at its operated Cygnus gas field in the UK Southern North Sea.

about 5 years ago
Saipem 10000 drillship
Business & Finance

Eni hits major oil find off Ivory Coast

Italian oil and gas player Eni has made a major oil discovery in block CI-101, located offshore Ivory Coast.

about 5 years ago
Barossa FPSO
Business & Finance

Nine banks provide financing to BW Offshore for Barossa FPSO

BW Offshore has completed the $1.15 billion project debt financing for the construction and operation of the FPSO for Santos’ Barossa field.

about 5 years ago
Ocean Infinity taps Valeport for Armada fleet
Business & Finance

Ocean Infinity taps Valeport for Armada fleet

Ocean Infinity has selected Valeport sensor technology to provide sound velocity and bathymetric data for its Armada fleet of uncrewed, low-emission, robotic vessels. Valeport’s miniSVS will be mounted on the vessels next to the multi-beam echosounder in the sensor gondola to provide surface sound v

about 5 years ago
LNG project developer Tellurian withdraws senior note offering to raise $50 million
Business & Finance

Tellurian withdraws senior note offering to raise $50 million

U.S. LNG project developer Tellurian has canceled its recently announced underwritten public offering of $50 million aggregate principal amount of 8.25 per cent senior notes.

about 5 years ago
Illustration/CorPower Ocean's wave energy tech; and Oceans of Energy's floating solar unit (Courtesy of CorPower Ocean/Oceans of Energy)
Business & Finance

EU-wide partnership to deliver ‘world-first’ bankable hybrid marine energy parks

Major European companies and project developers have joined forces with leading research institutions to unlock large-scale potential of combined wind, wave and offshore floating solar renewable energy sources in the newly launched €45 million marine energy project ‘European Scalable Offshore Renewa

about 5 years ago
Energy Transition Outlook - DNV
Business & Finance

Energy transition not fast enough as fossil fuels will still hold half of global energy mix by 2050, DNV warns

DNV has warned in its energy transition report that electrification will not be enough to meet the global net-zero target of the Paris Agreement.

about 5 years ago
Esvagt
Business & Finance

Boosted by new contracts, Esvagt hiring 50 new seafarers

Esvagt has revealed that recent new contract awards for its fleet mean that the company is now on the hunt for 50 new seafarers.

about 5 years ago
CMA CGM Champs Elyses;
Business & Finance

CMA CGM adds 46 vessels in 2021 in decarbonisation push

French liner major CMA CGM has added 14 new vessels and 32 second-hand vessels to its fleet in 2021 to speed up maritime decarbonisation efforts.

about 5 years ago
Appomattox platform, Gulf of Mexico - oil and gas
Business & Finance

Nearly 94 pct of Gulf of Mexico oil output still offline after Hurricane Ida

While some of the oil production in the U.S. Gulf of Mexico has been brought online after Hurricane Ida, nearly 94 per cent remains offline.

about 5 years ago
GDG settles in the Netherlands
Business & Finance

GDG settles in the Netherlands

Irish offshore engineering consultancy Gavin & Doherty Geosolutions (GDG) has opened its first office in the Netherlands, with the aim of expanding its presence in the European offshore wind market. By adding a base in the Netherlands, GDG said it is looking to strengthen its connections with client

about 5 years ago
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