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World first as IMCA approves Fugro's ROV introductory training course
Business & Finance

World’s first as IMCA approves Fugro’s ROV introductory training course

The International Marine Contractors Association (IMCA) has given approval to Fugro for its remotely operated vehicle (ROV) introductory training course. According to Fugro, this world-first endorsement ensures that only appropriately trained and competent individuals enter the ROV industry, helping

about 3 years ago
GTT sees high level of orders in Q1 2023, revenues of €80 million
Business & Finance

GTT sees high level of orders in Q1 2023, revenues of €80 million

French LNG containment specialist GTT has announced its revenues for the first quarter of the 2023 financial year. It said that in Q1, it achieved revenues of €80 million and received a high level of orders, 25 LNG carriers and one FLNG. The delivery of LNG carriers is scheduled between the first qu

about 3 years ago
Nordic Winter rig; Source: Awilco
Business & Finance

UK player ‘disappointed’ with ruling in first rig arbitration case, as Keppel shipyard wins

Awilco Drilling has expressed disappointment with the arbitration tribunal ruling in favour of Keppel shipyard.

about 3 years ago
Klaveness Combination Carriers KCC
Business & Finance

KCC links freight earnings to carbon reduction in shipping contract

KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou

about 3 years ago
FPSO Captain; Source: Ithaca Energy
Business & Finance

UK oil & gas operators facing ‘biggest offshore stoppage in a generation,’ as offshore workers down tools

1,300 offshore workers will embark on a “historic” 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf.

about 3 years ago
DeepOcean's autonomous inspection drone set to hit the water
Business & Finance

DeepOcean’s autonomous inspection drone set to hit the water

DeepOcean has mobilized its first Autonomous Inspection Drone (AID), said to be able to unlock substantial cost savings for offshore wind and oil & gas operators. The project is a strategic partnership between DeepOcean, Argus Remote Systems and Vaarst, with industry guidance, support and funding fr

about 3 years ago
Solitaire; Source: Allseas
Business & Finance

Coast Guard medevacs another crew member from Allseas’ vessel

The U.S. Coast Guard has performed medevac of a crew member from one of Allseas’ vessels around 15 miles south of Port Fourchon, Louisiana.

about 3 years ago
Aize
Business & Finance

BP extends digital twin deal for its oil & gas assets in North Sea

BP has decided to extend the agreement to all five of its North Sea oil and gas assets with Aize, a digital twin software provider.

about 3 years ago
EU ETS
Business & Finance

In focus: Cooperation in offshore energy sector is a bellwether for green transition

The “transition” part of the energy transition is beginning to show a more defined shape with each passing day as witnessed in a week behind us that was filled with announcements favoring the net-zero future coming from governments and all the way to private offshore energy companies. Industry major

about 3 years ago
Fatih drillship; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

‘World’s fastest offshore field development’ on stream, as first gas flows from huge Black Sea project

Türkiye has tucked a new milestone under its belt with the achievement of first gas from a giant natural gas project in the Black Sea.

about 3 years ago
Carbon capture and storage (CCS) process; Source: Energy Information Australia, an initiative funded by the Australian Petroleum Production & Exploration Association (APPEA)
Business & Finance

Carbon capture utilisation and storage to bring ‘significant’ benefits to Australia

APPEA has thrown support behind the Climate Change Authority’s focus on carbon capture technology, as CCUS is seen as important for net-zero.

about 3 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Business & Finance

New task for Equinor to handle nonconformities at North Sea platform

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago
Panoro Energy
Business & Finance

UK oil & gas firm bolsters its position by taking sole ownership of Tunisian business

Panoro Energy has entered into a definitive agreement to acquire its 40 per cent shareholding in Sfax Petroleum Corporation (SPC).

about 3 years ago
Åsgard B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

Equinor gets clearance for modifications at Norwegian offshore platform

Norwegian offshore safety regulator has given Equinor consent to carry out modifications at a platform operating on a field in the Norwegian Sea.

about 3 years ago
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