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Business Developments & Projects

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DeepOcean to keep providing subsea IMR services to Equinor until 2035
Business Developments & Projects

DeepOcean to keep providing subsea IMR services to Equinor until 2035

Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have agreed on an extension of their existing frame agreement for subsea inspection, maintenance, and repair (IMR) services, taking their collaboration to 30 years. DeepOcean will deploy specialized IMR v

about 10 months ago
FPSO Johan Castberg; Source: Vår Energi
Business Developments & Projects

$400 million going into subsea tie-back to huge Barents Sea oil project

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Three Norwegian oil and gas players – Equinor, Vår Energi, and Petoro – have set their caps on augmenting the production from a giant oil field that came online eight months ago in the Barents Sea by adding what will become the first subsea tie-back to the project, said to be the newest oil producti

about 10 months ago
Northern Lights; Source: Northern Lights JV
Business Developments & Projects

Shell, Equinor, TotalEnergies issue first Northern Lights CO2 storage certificates

The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has issued the first storage certificates for CO2 permanently stored in the Aurora reservoir in the North Sea, documenting the quantities of CO2 transported and stored. The first CO2 volumes were trans

about 10 months ago
Orbital Marine Power gets €8M investment boost for tidal energy development
Business Developments & Projects

Orbital Marine Power gets €8M investment boost for tidal energy development

Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V

about 10 months ago
Seismic reimagining program offshore Angola to back upcoming licensing round
Business Developments & Projects

Seismic reimagining program offshore Angola to back upcoming licensing round

A new seismic reimagining program is scheduled to be performed over Angola’s offshore Block 22 in support of the country’s upcoming licensing round. French geophysical services company Viridien, formerly CGG, announced today, December 10, a new multi-client seismic reimaging program over Angola’s “h

about 10 months ago
$25M in new contracts for Solstad Maritime CSVs
Business Developments & Projects

$25M in new contracts for Solstad Maritime CSVs

Solstad Maritime (SOMA) has won multiple new contracts for several construction support vessels (CSVs), with the work to start this and next month. The contracts for the 142.6-meter-long Normand Navigator and 127.5-meter-long Normand Cutter include additional services such as remotely operated vehic

about 10 months ago
Prysmian’s R&D activities get €300 million EIB boost
Business Developments & Projects

Prysmian’s R&D activities get €300 million EIB boost

The European Investment Bank (EIB) has approved a €300 million financing package for Prysmian that will support the Italian cabling giant’s research and development (R&D) activities with the ultimate goal of accelerating energy security and digitalization in Europe. The financing will support Prysmi

about 10 months ago
€30 million EU project launches to push UK wave energy
Business Developments & Projects

€30 million EU project launches to push UK wave energy

A consortium of six companies has launched a project aimed at addressing the competitiveness and bankability of wave energy farms by validating the technology in conditions required for large-scale deployment in UK waters. The consortium includes European Marine Energy Centre (EMEC), The University

about 10 months ago
Juniper platform - BP
Business Developments & Projects

BP fires up more gas wells off Trinidad as terminal electrification works continue in Azerbaijan

While construction activities for its terminal electrification project are underway in Azerbaijan, the UK-headquartered energy giant BP has drilled and put into production mode three remaining wells in its seven-well drilling campaign off the coast of Trinidad and Tobago.

about 10 months ago
Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan
Business Developments & Projects

Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan

Taiwan-based Dong Fang Offshore (DFO) has signed a shipbuilding contract with Norwegian shipyard Westcon for the delivery of a subsea and cable laying vessel (CLV), a move said to come due to the need for installation capacity in Taiwan, as another DFO vessel will be working in Europe until the end

about 10 months ago
Illustration; Source: BOTAŞ
Business Developments & Projects

Türkiye bolsters its LNG arsenal as BOTAŞ pens two ten-year deals with SEFE and Eni

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has inked two long-term liquefied natural gas (LNG) agreements with Italy’s energy giant Eni and Germany’s Securing Energy for Europe (SEFE) to ensure the country’s energy security.

about 10 months ago
TechnipFMC picked for flexible pipe for Ithaca’s Scottish field
Business Developments & Projects

TechnipFMC picked for flexible pipe for Ithaca’s Scottish field

North Sea oil & gas operator and producer Ithaca Energy has appointed TechnipFMC to deliver flexible pipe for its development in the UK North Sea. Under a contract defined as significant, TechnipFMC will design, manufacture, and install flexible risers, flowlines, and associated hardware for the Cap

about 10 months ago
UK opens second carbon storage licensing round
Business Developments & Projects

UK opens second carbon storage licensing round

The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round, offering 14 locations offshore Scotland and England for exploration and appraisal, with the stores offering up to 2 gigatons of additional CO2 storage capacity. The round, opened today, December 9, offers

about 10 months ago
Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects
Business Developments & Projects

Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects

UK-based Enshore Subsea has secured three initial projects for offshore grid systems in Germany under a six-year framework agreement with French cable systems designer and manufacturer Nexans. Enshore Subsea is responsible for installing the Wadden Sea sections of the submarine cable system for the

about 10 months ago