Search results for: sea

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A list of search results

  • 26 January 2021
    Business & Finance, Outlook & strategy, Safety

    The world’s largest underwater engineering event – Subsea Expo – will not be taking place this year. Organisers, Subsea UK, who have already postponed the event from February to May this year due to the coronavirus-imposed restrictions have decided to wait until 2022 before staging the event. The three-day exhibition and conference should now run […]

  • 26 January 2021
    Business & Finance, Business developments & projects, Exploration & Production

    Lundin Energy came up dry in the Bask prospect following results from an exploration well in the Barents Sea drilled with the West Bollsta rig.

  • 26 January 2021
    Authorities & Government, Business & Finance, Business developments & projects, Exploration & Production, Human Capital, Rules & Regulation, Safety, Vessels

    An incident on board a Seadrill-owned drillship working for Kosmos Energy in the U.S. Gulf of Mexico has resulted in the death of one offshore worker.

  • 26 January 2021
    Business & Finance, Business developments & projects, Exploration & Production

    Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licensing Round.

  • 26 January 2021
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Following a review, oil and gas company Dana Petroleum is abandoning an offshore gas project located in the UK sector of the North Sea.

  • 26 January 2021
    Infrastructure, Vessels

    BW LPG, the world’s largest liquid petroleum gas shipping company, has made further steps forward in its LPG retrofit program.

  • 26 January 2021
    Vessels

    Ørsted is set to welcome three new hybrid crew transfer vessels (CTVs) to assist with the construction at the Hornsea Two offshore wind farm. Northern Offshore Services (N-O-S) will take delivery of its 39m Energizer in the spring and MHO-Co is due to deliver its two 35m CTVs in the summer. The vessels will be […]

  • 26 January 2021
    Innovation, Research & Development, Technology

    ELWAVE, an industrial designer and manufacturer of electromagnetics sensors for the underwater and industrial robotics, has completed its first capital raise. The funds will support the company’s global growth ambition, industrialisation and commercialisation of its first products for underwater robotics. The funding round was led by SOFIMAC Innovation with co-investors Litto Invest Fund and Atlantique […]

  • 26 January 2021
    Business & Finance, Business developments & projects

    HSBC has issued a green trade finance facility raising $ 48 million (around € 40 million) for UAE-based Lamprell to support the company’s fabrication work for the Seagreen offshore wind farm in Scotland. The facility, for which HSBC was the sole arranger, is the first green guarantee in the Middle East and North Africa (MENA) […]

  • 26 January 2021
    Infrastructure, Project & Tenders, Technology

    Pipe producer Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project offshore Brazil. Equinor is the operator of Bacalhau project, located 185 kilometres off the coast of São Paulo in Brazil. Discovered in 2012, the Bacalhau oilfield sits in the pre-salt area of the Santos […]

  • 26 January 2021
    Authorities & Government, Research & Development

    Maine Governor Janet Mills is proposing a series of actions to advance the planned floating offshore wind research array in the Gulf of Maine. In a letter to Maine’s licensed commercial fishermen, Mills announced she will propose for the legislature’s approval a ten-year moratorium on new offshore wind projects in waters managed by the state. Mills […]

  • 25 January 2021
    Authorities & Government, Environment, Exploration & Production, Rules & Regulation

    Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted the T/30P environmental plan from Beach Energy for a geophysical, geotechnical and 2D seismic survey activity in the Otway Basin. This survey should take 28 days within the period 1 February and 30 June 2021. Following the public comment period, Beach submitted the […]

  • 25 January 2021
    Human Capital, Safety, Vessels

    One seafarer has reportedly been killed while 15 others have been kidnapped after a group of armed pirates breached into the citadel on board the Liberian-flagged containership identified as MV Mozart approximately 98 nautical miles northwest of Sao Tome, Dryad Global said. The containership was boarded on January 23 while underway from Lagos to Cape […]

  • 25 January 2021
    Certification & Classification, Equipment, Exploration & Production, Research & Development, Technology, Transition

    Classification and technical advisory body ABS has awarded China Merchants Industry (CMI) Approval in Principle (AIP) for its deep-sea mining system design. The AIP follows publication of the ABS Guide for Subsea Mining in October 2020 and is the first that conforms to the new Guide. Specifically, CMI’s design focuses on retrieving cobalt-rich ferromanganese crust […]

  • 25 January 2021
    Project & Tenders

    MingYang Smart Energy has received an order from Renexia to supply turbines for the first offshore wind project in the Mediterranean Sea. MingYang will deliver 10 MySE3.0-135 turbines with a 25-year full O&M service contract for the Beleolico project located in the Apulia Region off Taranto harbor of Italy. Deliveries are expected to begin in the […]

  • 22 January 2021
    Vessels

    Oslo-listed shipowner Solstad Offshore has secured four contract awards for three of its subsea construction vessels (SCVs). Normand Energy will support a project for a client in the Pacific Ocean with an estimated duration of 5 months, including mobilisation and de-mobilisation. Solstad said, the contract should commence during February 2021. Far Samson has secured a […]

  • 22 January 2021
    Infrastructure, Project & Tenders

    Subsea 7 has won a contract from Cabinda Gulf Oil Company (CABGOC) for the Sanha Lean Gas Connection (SLGC) project offshore Angola. Specifically, the project comprises the construction and installation of the Lean Gas Platform (LGP) system in Block-0 off Angola. It takes place at a water depth of approximately 70 metres. Project management and […]

  • 22 January 2021
    Business & Finance

     Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., has raised $200 million from new senior unsecured sustainability-linked bonds in the Nordic bond market. The bonds will mature in February 2024 and bear interest at 6.5% per annum. The net proceeds from the bond issue will be used for general corporate purposes, which may include repayment of debt. “We […]

  • 22 January 2021
    Exploration & Production, Human Capital, Rules & Regulation, Safety

    Production on the Ithaca Energy-operated platform located in the North Sea has been shut down due to a Covid-19 outbreak.

  • 21 January 2021
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Mubadala Petroleum has signed a concession agreement for the Shell-operated Block 4 located in the Red Sea offshore Egypt.

  • 21 January 2021
    Business developments & projects, Exploration & Production, Infrastructure

    London-based Energean has taken the final investment decision on the North El Amriya and North Idkunea (NEA/NI) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered and appraised gas fields (Yazzi and Python) while the NI concession contains four discovered gas fields, one of which is readied for development. NEA/NI is due […]

  • 21 January 2021
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    HitecVision’s NEO Energy has entered into exclusive negotiations to buy ExxonMobil’s upstream assets located in the central and northern North Sea.

  • 21 January 2021
    Equipment, Exploration & Production, Technology, Transition

    Allseas has awarded subsea technology company Seatools the contract for the delivery of the complete electrical, hydraulic, and control system for its deep-sea mining nodule collector. The project is part of Allseas’ development program to realise advanced deep-water equipment for the gathering of polymetallic nodules from the ocean floor in a responsible way. Driven by […]

  • 20 January 2021
    Business developments & projects, Collaboration, Environment, Infrastructure, Innovation, Technology, Transition, Vessels

    Norsepower, a Finland-based provider of auxiliary wind propulsion systems, has successfully installed two 35-metre tall Rotor Sails for SEA-CARGO, a logistics provider in the North Sea market.

  • 20 January 2021
    Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy

    The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight into how the supply chain was faring in […]