Greece’s Asso.subsea has reported it was purchasing the inspection, maintenance and repair (IMR) vessel Viking Reach from the joint venture of Reach Subsea and Eidesvik Offshore, following the sale announcement from earlier today. It was reported today, August 4, that Eidesvik Reach, in which Eidesv
The State Oil Company of the Republic of Azerbaijan (SOCAR) has strengthened its hold on a giant oilfield in the Caspian Sea by acquiring Itochu Corporation’s participating interest, increasing its ownership in the oil and gas project off the coast of Azerbaijan as the Japanese trading and investmen
Bourbon’s new inspection, maintenance, and repair (IMR) vessel has entered into service and is starting its first long-term contract offshore India. Bourbon Evolution 810 has diesel-electric propulsion, is fitted with two active heave-compensated cranes with lifting capacities of 40 and 150 tons, an
Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has landed a multimillion-dollar financing to fuel its floating LNG (FLNG) expansion.
ExxonMobil has selected Sercel, Viridien’s sensing and monitoring business line, to deliver a software tool to optimize maritime operations and support pipelay and mooring installation campaigns at a deepwater oil development project offshore Guyana. Under a one-year contract awarded by ExxonMobil G
Israel’s Navitas Petroleum has enlarged its footprint in the Gulf of America (U.S. Gulf of Mexico) by acquiring interests in two oil discoveries.
Eidesvik Reach, the joint venture of Reach Subsea and Eidesvik Offshore, is selling its 2009-built, 85-meter-long inspection, maintenance and repair (IMR) vessel Viking Reach. The joint venture, in which Eidesvik holds a 50.1% ownership interest and Reach Subsea 49.9%, has entered into a memorandum
Noble Corporation, a U.S.-based offshore drilling giant, has fitted one of its drillships with new equipment, reflecting its confidence in a strengthening offshore drilling market and busier years ahead for the global rig fleet.
Bermuda-incorporated offshore drilling contractor Valaris has confirmed the completion of its assignment with the UK-headquartered energy giant BP off the coast of Trinidad before the expected timeline.
Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has achieved qualification of its 525 kV HVDC XLPE cable systems for both submarine and underground applications. The qualification covers cable systems designed for continuous operation at 80°C using XLPE insulatio
Decommissioning work has started on the TetraSpar Demonstrator floating wind project at the Marine Energy Test Centre (METCentre) site off Karmøy, Norway, with the dynamic export cable disconnected and placed in wet storage, clearing the site for the next demonstrator project. The decommissioning ca
India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has begun drilling the first deepwater well in Mahanadi Basin off the Asian country’s coast to unlock the nation’s offshore hydrocarbon potential.
MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), has secured another investment, which enables Nippon Yusen Kabushiki Kaisha (NYK), Japan’s shipping and logistics major, to widen its LNG footprint.
Italian startup Sizable Energy has begun testing an offshore energy storage technology designed to store electricity generated by offshore wind farms and other renewable energy sources at the Natural Ocean Engineering Laboratory (NOEL) off the coast of Calabria, Italy. The demonstrator, installed in
