As the offshore drilling market continues to improve, Vantage Drilling managed to reduce its net loss in the first quarter of 2022.
Well integrity specialists HydraWell and READ have teamed up to create a combined company focused on late-life oilfield activities including cost-efficient and environmentally safe permanent plugging and abandonment (P&A) of hydrocarbon wells.
Several European renewable energy associations have united to call for changes to the EU’s Innovation Fund as its award criteria ‘puts renewable energy projects at a structural disadvantage’.
Australian government and oil and gas industry have allocated $1.2 million in funding to build the country’s first deepwater hyperbaric chamber testing and maintenance facility, capable of facilitating subsea control modules.
TotalEnergies has implemented a worldwide drone-based detection campaign across its operated oil and gas assets to reduce methane emissions.
British Octopus Energy Group has entered into a financial and strategic partnership with Xlinks, the company building the world’s longest subsea cable to deliver renewable energy from Morocco to the UK.
Equinor has exercised its option to drill more wells with Odfjell Drilling’s rig, extending the rig’s backlog for operations offshore Norway.
Cory has inked a deal with Northern Lights JV, to work on a CCS project, enabling cross-border marine transportation of CO2.
Norway-based seismic companies TGS and Petroleum Geo-Services (PGS) are expanding multi-client coverage offshore Canada with recently secured pre-funding for the South Bank phase II project.
Turkey’s latest drillship, bought last year from a South Korean shipyard, is set to join three other drillships as the country is working to develop its gas resources amid a growing need for the security of supply.
Swedish company Ocean Harvesting Technologies is raising €3 million in equity investment to finance the sea trials of its scale IninityWEC wave energy device.
Norwegian Equinor and its compatriot Aibel have entered into a 10-year agreement to ensure a close and long-term strategic collaboration.
American Shipping Company has acquired a new OCV and signed a long-term bareboat contract for this vessel with Solstad Offshore.
Norwegian floating solar company Ocean Sun has recorded a wider net loss in the first quarter of 2022, when compared to the same period a year earlier, with a slight increase in revenues.
