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Magseis Fairfield
Business & Finance

Magseis acquires node-on-a-rope business amid ‘optimistic’ OBN market outlook

Norwegian survey services provider Magseis Fairfield has entered into an agreement with compatriot Carbon Transition to acquire its proprietary node-on-a-rope business.

about 4 years ago
QatarEnergy and NAMCOR - Namibia
Business & Finance

QatarEnergy and Namibia’s national oil company team up to develop oil & gas sector

QatarEnergy has signed a cooperation agreement with Namibia’s NAMCOR to support and develop a sustainable oil and gas sector in Namibia.

about 4 years ago
Island Innovator will be used for exploration well off South Africa
Business & Finance

South Africa JV secures rig for high-impact exploration well

A joint venture partnership for a block off South Africa has secured a rig from a Norwegian contractor to drill a high-impact well.

about 4 years ago
Resen Waves' Smart Power Buoy (Courtesy of Resen Waves)
Business & Finance

Resen Waves launches €4M investment opportunity

Danish wave energy developer Resen Waves has opened an investment opportunity to support the company’s growth and global roll-out of its smart power buoys.

about 4 years ago
Offshore wind pioneer buys Ordtek
Business & Finance

Offshore wind pioneer buys Ordtek

Offshore wind pioneer Venterra Group has acquired Ordtek, the UK-based provider of unexploded ordnance (UXO) risk management consultancy. Led by Lee Gooderham, Ordtek will form part of Venterra’s early stage “engineer” services led by the existing member, geoscience design company Gavin & Doherty Ge

about 4 years ago
BW Offshore
Business & Finance

BW Offshore wins extension deal for sold FPSO

BW Offshore received a contract extension for an FPSO operating offshore Indonesia, which has been sold recently.

about 4 years ago
Sakhalin Orlan platform - Russia
Business & Finance

Oil demand to take a severe hit if Russia’s war in Ukraine is prolonged – Rystad

War in Ukraine could result in as much as 1 million bpd of oil demand being removed from the global market, research by Rystad Energy shows.

about 4 years ago
Poseidon Principles
Business & Finance

Fidelis joins Poseidon Principles for Marine Insurance

Fidelis Insurance, a Bermuda-based provider of specialty insurance and reinsurance products, is the latest company to join the new framework for responsible marine insurance.

about 4 years ago
Deep Down rebrands to energize and expand subsea solutions
Business & Finance

Deep Down rebrands to energize and expand subsea solutions

Texas-based subsea technology firm Deep Down has decided to change its name in pursuit of energizing the future of the subsea energy sector.

about 4 years ago
North Star rakes in over $133.7 million in most sizeable order book in recent years
Business & Finance

New batch of contracts for North Star fleet marks its ‘most sizeable order book’ in years

North Star has inked contracts totalling over $133 million, marking its most sizeable ERRV order book in recent years.

about 4 years ago
Wintershall Dea writes off Nord Stream 2 financing over Russia's attack on Ukraine
Business & Finance

Wintershall Dea writes off Nord Stream 2 financing over Russia’s attack on Ukraine

German oil and gas company Wintershall Dea has decided not to advance or implement any additional oil and gas production projects in Russia and to write off its financing of the Nord Stream 2 project totaling around €1 billion. In a recent personal statement, Wintershall Dea’s chief executive Mario

about 4 years ago
Illustration (Courtesy of TEAMER Program)
Business & Finance

TEAMER supports 9 marine energy developers with $900K

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has selected nine marine energy projects to receive testing and technical support as part of its fifth call for applications.

about 4 years ago
ConocoPhillips picks up drilling permit for Norwegian Sea wildcat
Business & Finance

ConocoPhillips picks up drilling permit for Norwegian Sea wildcat

The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia a drilling permit for a wildcat well located offshore Norway.

about 4 years ago
An image of Havfram's planned wind turbine installation vessel
Business & Finance

Subsea contractor targets electrification market for oil & gas through offshore wind

Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in

about 4 years ago
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