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Illustration; Source: EIA
Business & Finance

U.S. natural gas withdrawals reach lowest level in seven years

The U.S. Energy Information Administration (EIA) says less natural gas was withdrawn from storage this winter than in the last seven.

about 3 years ago
UK firm strengthens rental fleet with Webtool cutter duo
Business & Finance

UK firm strengthens rental fleet with Webtool cutter duo

UK-headquartered Subsea Technology & Rentals (STR) has strengthened its rental fleet with the addition of two high-performance Webtool cutters. The HCV275 and RCV160 cutters can be deployed at subsea level, either mounted, operated by a remotely operated vehicle (ROV), or onboard a vessel for planne

about 3 years ago
Illustration; Credit: Morten Berentsen/NPD
Business & Finance

Norway sees ‘considerable potential’ for further oil & gas exploration in Barents Sea

The Norwegian government believes that the Barents Sea contains more undiscovered hydrocarbons, thus, more exploration is encouraged.

about 3 years ago
Another Solstad vessel makes 'considerable' fuel and emission cuts
Business & Finance

Another Solstad vessel makes ‘considerable’ fuel and emission cuts

Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i

about 3 years ago
West Phoenix rig (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count maintains the status quo for two weeks in a row

The U.S. has extended its break in offshore rig count activity by keeping the total number unchanged for the second consecutive week.

about 3 years ago
Illustration (Courtesy of TEAMER Program)
Business & Finance

TEAMER opens 10th call for marine energy projects

The US Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the US Department of Energy (DOE), is now accepting applications for the tenth request for technical support (RTFS).

about 3 years ago
Armada; Source: Shell
Business & Finance

Repsol’s North Sea field secures life extension

Repsol has received consent from Norway’s offshore safety regulator for the life extension of a field in the North Sea off Norway.

about 3 years ago
'Terrible maritime chapter' closes as Fugro locates WW2 ship 81 years after sinking
Business & Finance

‘Terrible maritime chapter’ closes as Fugro locates 80-year-old WW2 shipwreck

Fugro has taken part in a mission to locate the wreck of a World War II ship 81 years after sinking, reported as one of the worst international maritime disasters in history. Fugro started the search for the Montevideo Maru transport ship on 6 April onboard the hydrographic survey vessel Fugro Equat

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor cleared to dispatch Odfjell Drilling rig for ops in Norwegian Sea

Equinor has received consent from Norway’s regulator to use one of Odfjell Drilling’s rigs for drilling ops in the Norwegian Sea.

about 3 years ago
Navigator Gas signs gender diversity-linked loan facility agreement
Business & Finance

Navigator Gas signs gender diversity-linked loan facility agreement

Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V

about 3 years ago
Scarabeo 8 rig; Source: Vår Energi
Business & Finance

Saipem slapped with regulatory order for semi-sub rig after audit finds ‘serious’ breaches

The Norwegian offshore safety regulator has carried out an audit of Saipem and followed it up with an order.

about 3 years ago
Illustration (Courtesy of US OESI)
Business & Finance

US OESI launches funding opportunity for marine energy

The US Ocean Energy Safety Institute (OESI) has launched a request for proposals, targeting small-scale marine energy solutions for offshore wind and oil & gas operations, and utility-scale devices that enhance marine energy operations.

about 3 years ago
Argeo inks contract extension for Hugin AUV
Business & Finance

Argeo inks contract extension for Hugin AUV

Marine survey contractor Argeo has signed a contract extension for the Hugin 6000 autonomous underwater vehicle (AUV). The project, which started on 1 September 2022 with a minimum guaranteed duration of six months and a six-month extension, has now been extended to 1 March 2024. The initial contrac

about 3 years ago
APM Terminals
Business & Finance

APM Terminals Pipavav to invest $90 mln to bolster LPG handling capacity

APM Terminals Pipavav, an all-weather port located just 152 nautical miles from Nhava Sheva, Mumbai, has revealed plans that will see an investment of around $90 million in a new liquid berth. The port’s current capacity to handle 2 MMT of liquid bulk will increase to 5.2 MMT. The investment support

about 3 years ago
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