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Business Developments & Projects

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Reach Subsea charters Solstad vessel for 2+1 Black Sea contract
Business Developments & Projects

Reach Subsea charters Solstad vessel for 2+1 Black Sea contract

Norway’s Reach Subsea has secured a contract with an undisclosed company for inspection, maintenance, repair (IMR) and light construction services in the Black Sea. The two-year contract has been signed with a charterer that is providing remotely operated vehicle (ROV)-based subsea operations, const

about 5 months ago
Eni
Business Developments & Projects

Eni and BlackRock’s GIP score over $670 million financing boost to fuel CCS growth

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Eni CCUS Holding, a strategic partnership between Italy’s energy giant Eni and Global Infrastructure Partners (GIP), a part of BlackRock, has expanded its financing sources to strengthen its carbon capture and storage (CCS) project platform.

about 5 months ago
Goliat; Source: Var Energi
Business Developments & Projects

Subsea7 clinches multimillion-dollar deal for Norwegian gas export project

Luxembourg-domiciled Subsea7 has picked up a new assignment with Vår Energi, a Norwegian oil and gas operator, for a gas export project in the Barents Sea off the coast of Norway.

about 5 months ago
Illustration; Source: Archer
Business Developments & Projects

Archer acquires Scottish firm to expand subsea and rigless P&A capabilities

Oslo Stock Exchange-listed oil services company Archer is set to acquire isol8, a Scottish well technology company focused on alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). The completion of the transaction is expected

about 5 months ago
Offshore survey work ramps up at Awel y Môr OWF site after UK CfD award
Business Developments & Projects

Offshore survey work ramps up at Awel y Môr OWF site after UK CfD award

Offshore surveys are now underway at the Awel y Môr offshore wind farm in Wales following the project securing a contract for difference (CfD) in the UK’s seventh allocation round (AR7). RWE said the work marks the first package of contracts placed since the CfD award, with contractors Geo and TGS c

about 5 months ago
Viridien starts multi-client OBN survey in Central North Sea
Business Developments & Projects

Viridien starts multi-client OBN survey in Central North Sea

French geophysical services company Viridien has begun a multi-client ocean bottom node (OBN) survey in the Central North Sea, spanning the UK and Norwegian sectors. The dense multi-client OBN survey covers 645 km2 in the Frigg area, with the final processed deliverables to be available in the third

about 5 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Business Developments & Projects

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 5 months ago
Troll A platform in North Sea; Credit: Jan Arne Wold and Elisabeth Sahl/Equinor
Business Developments & Projects

Equinor-Aker BP pact accelerating development of oil & gas discoveries

Two Norwegian energy players, Equinor and Aker BP, have forged a strategic alliance to augment future production and value creation across selected parts of their oil and gas portfolios on the Norwegian Continental Shelf (NCS), enabling them to better align ownership interests, support coordinated d

about 5 months ago
Ammonia-fueled two-stroke engine passes second FAT
Business Developments & Projects

Ammonia-fueled two-stroke engine passes second FAT

Following what was described as the world’s first type approval (TAT) and factory acceptance testing (FAT) for this type of engine some three months ago, Swiss marine power company WinGD has completed another FAT for its ammonia-fueled two-stroke marine engine. Built by Yuchai Marine Power (YCMP), t

about 5 months ago
Edda Freya; Source: DeepOcean
Business Developments & Projects

DeepOcean picks up subsea and topside removal job for North Sea FPSO

Norwegian ocean services provider DeepOcean has been hired to support the subsea decommissioning and disconnection of an undisclosed floating production, storage, and offloading (FPSO) vessel in the UK sector of the North Sea.

about 5 months ago
No break for TGS as it scores triple win in Norwegian North Sea
Business Developments & Projects

No break for TGS as it scores triple win in Norwegian North Sea

Norway-headquartered energy data and intelligence company TGS has secured three new contracts in the Norwegian North Sea, with the first having started immediately. TGS is set to mobilize in June for an ocean bottom node (OBN) assignment that will take approximately 25 days, while under another, 4D

about 5 months ago
Scarabeo 8; Source: Saipem
Business Developments & Projects

Light turns green for North Sea drilling ops with Saipem rig

Norwegian oil and gas player Aker BP has obtained a drilling permit for an exploration well in the Norwegian sector of the North Sea, which is slated to be drilled next month using a semi-submersible rig owned by Italy’s Saipem.

about 5 months ago
Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights
Business Developments & Projects

Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights

The fourth liquefied carbon dioxide (LCO2) carrier destined for the Northern Lights CO2 project in Norway has been christened in China. Northern Purpose has been custom-designed to transport liquefied CO2 as part of the world’s first cross-border CO2 transport and storage infrastructure. It was buil

about 5 months ago
Shearwater gets to work for Shell and Equinor’s joint venture
Business Developments & Projects

Shearwater gets to work for Shell and Equinor’s joint venture

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has selected Norwegian Shearwater GeoServices to perform ocean bottom node (OBN) seismic acquisition at its field in the UK North Sea. Shearwater’s scope covers approximately 220 km2 of seismic acquisi

about 5 months ago