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Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action
Business & Finance

Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action

Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili

about 3 years ago
oil spill Orange County
Business & Finance

MSC agrees to pay settlement over California oil spill

Swiss-based container shipping major MSC Mediterranean Shipping Company has accepted a proposal to jointly fund a settlement with claimants relating to the 2021 Orange County pipeline oil spill. The oil spill resulted in the discharge of approximately 25,000 gallons of crude oil in October 2021 duri

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

Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools

More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.

about 3 years ago
GAZ-SYSTEM’s FSRU programme gains ground
Business & Finance

GAZ-SYSTEM’s FSRU programme gains ground

GAZ-SYSTEM’s Floating Storage and Regasification Unit (FSRU) programme has made significant progress with the FSRU onshore component now holding a complete set of location decisions for a gas pipeline in Poland. According to GAZ-SYSTEM, the governor of the Kuyavian-Pomeranian Province has provided t

about 3 years ago
Hakuryu-11 jack-up rig; Source: JDC
Business & Finance

Japan’s rig owner lands new jack-up gig

Japan’s offshore drilling contractor Japan Drilling Co. (JDC) has been awarded a new deal for one of its jack-up rigs for operations offshore Thailand.

about 3 years ago
Subsea 7-DeepOcean consortium secures work with Equinor
Business & Finance

Subsea 7-DeepOcean consortium secures work with Equinor

A consortium of Subsea 7 and DeepOcean has secured two contracts with Equinor for the Irpa and Verdande field development projects located in the Norwegian Sea. The contract for the Irpa field development includes engineering, transportation and installation of a MEG pipeline, a production riser, um

about 3 years ago
GOGL
Business & Finance

GOGL splashes $291 million on scrubber-fitted sextet

Dry bulk shipping company Golden Ocean Group Limited (GOGL) has entered into an agreement to acquire six 208,000 dwt vessels equipped with exhaust gas cleaning systems (scrubbers) for a total of $291 million. GOGL said that the newly-acquired vessels will be chartered back to their former owner, the

about 3 years ago
Clair Ridge platform; Source: BP
Business & Finance

Offshore drillers embarking on strike action at BP’s two platforms in UK waters

UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.

about 3 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Transocean strikes multiple rig deals with total backlog of $1.9 billion

Transocean has secured new contracts and extensions in the U.S. Gulf of Mexico, North Sea, Suriname and Brazil for nine rigs in its offshore fleet.

about 3 years ago
CO2 injection systems soon to start running at Denmark's first carbon storage project
Business & Finance

Denmark’s first CO2 storage project to soon begin commissioning tests

Offshore supply vessel Aurora Storm has left the Danish Port of Esbjerg towards the site of Project Greensand, allowing commissioning tests to soon begin at Denmark’s first CO2 storage project. According to the latest update from the project developer, Aurora Storm left the harbor in Esbjerg towards

about 3 years ago
Rig 141; Source: Shelf Drilling
Business & Finance

More time for Shelf Drilling’s jack-up rig off Egypt

UAE-headquartered offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up rigs for operations offshore Egypt.

about 3 years ago
UK well construction cementing firm changes hands
Business & Finance

UK well construction cementing firm changes hands

UK-headquartered energy services provider Expro is acquiring compatriot well construction cementing firm DeltaTek Global in order to broaden its offering, capabilities and technology portfolio. According to Expro’s Chief Technology Officer Steve Russell, the acquisition will expand Expro’s well cons

about 3 years ago
EIB joins IH2A, backs hydrogen projects in India
Business & Finance

EIB joins IH2A, backs hydrogen projects in India

European Investment Bank (EIB), the bank of the European Union (EU), has signed a Memorandum of Understanding (MoU) to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects across India with indicative funding of €1 billion, subject to the Indi

about 3 years ago
Chevron allocates $26 million for Australian CCS research projects
Business & Finance

Chevron allocates $26 million for Australian CCS research projects

Chevron Australia, an affiliate of US-based energy giant Chevron, has committed a combined A$38 million (around US$26.5 million) to contribute to carbon capture and storage (CCS) research projects in Western Australia and Victoria. The contribution aims to advance knowledge of the critical emissions

about 3 years ago
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