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Business & Finance

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TechnipFMC wins big for third phase of Norway’s third-largest oil field
Business & Finance

TechnipFMC wins big for third phase of Norway’s third-largest oil field

TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract with Norwegian state-owned energy giant Equinor for the third phase of what is said to be the third largest oil field on the Norwegian Continental Shelf (NCS). As part of the contract defin

about 1 year ago
Stena Carron drillship; Source; Stena Drilling
Business & Finance

Second Stena Drilling rig sports DNV’s drillship notation for emissions abatement

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Stena Drilling has welcomed the award of an Abate (P) notation, which DNV has now bestowed upon another one of its drillships following the rig owner’s addition of multiple technical and operational measures for the rig to cut its fuel consumption and greenhouse gas (GHG) emissions.

about 1 year ago
Diana Shipping steps into LPG tanker market
Business & Finance

Diana Shipping steps into LPG tanker market

Greek dry bulk shipping company Diana Shipping has decided to diversify its business by investing into new vessel types – liquefied petroleum gas (LPG) ships.

about 1 year ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Green light for Vår Energi to use FPSO destined for North Sea oil project

Norwegian offshore safety regulator has given Vår Energi consent to take advantage of living quarters, helicopter decks, and cranes on a floating production, storage, and offloading (FPSO) vessel revamped for deployment at a field in the North Sea off the coast of Norway.

about 1 year ago
UK subsea robotics pioneer buys first ROV to combine with its all-electric uncrewed system
Business & Finance

UK subsea robotics pioneer buys first ROV to combine with its all-electric uncrewed submersible

UK remote robotics company HonuWorx has acquired its first remotely operated vehicle (ROV), manufactured by Rovtech Solutions, which will be a key component of a subsea robotics deployment platform that aims to remove the need for surface vessels. By removing the need for surface ships, the Loggerhe

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business & Finance

Equinor all set for North Sea oil & gas exploration ops with Odfjell Drilling rig

Equinor has received the go-ahead from the country’s authorities to use one of Odfjell Drilling’s semi-submersible rigs for drilling operations at a block in the North Sea off the coast of Norway.

about 1 year ago
Safe Caledonia; Credit: Prosafe
Business & Finance

Busy times ahead for Prosafe with one vessel ongoing reactivation as another preps for relocation

Prosafe has shed more light on the recent activities of its fleet, confirming the sale of one vessel, the start of reactivation operations for another, and preparations for the move to Australia for the third while the rest of its ships keep working on their current assignments and one continues to

about 1 year ago
Fugro's survey vessel runs aground in Italy
Business & Finance

Fugro’s survey vessel runs aground in Italy amidst deteriorating weather

A 42-meter-long geophysical survey vessel owned by Dutch Fugro ran aground in Italy two days ago while performing survey work. Fugro announced that its geophysical survey vessel Fugro Mercator had run aground on March 22 on the north coast of Elba, Italy, when it went looking for shelter due to dete

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan

BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas from a giant offshore field in Azerbaijan across Türkiye.

about 1 year ago
Odfjell Technology to help grow digital pipe tech through investment in Norwegian company
Business & Finance

Digital pipe technology in spotlight of Odfjell Technology’s investment in Norwegian firm

The UK’s Odfjell Technology, a spin-off of Odfjell Drilling, has purchased a 10% stake in a Norwegian well construction and well intervention solutions provider, supporting the firm’s digital pipe technology. Odfjell Technology made a strategic equity investment in Reelwell, purchasing a 10% stake i

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Business & Finance

Sale of oil & gas assets with $945 million price tag falls through

Energean has severed the divestment cord for its asset portfolio in Egypt, Italy, and Croatia, worth $945 million, as key regulatory pieces have not been put in place within the agreed timeline.

about 1 year ago
European Commission taps Hellenic Cables for floating wind pilot project
Business & Finance

Hellenic Cables, Asso.subsea land Dunkirk cable contract in France

Hellenic Cables, in a consortium with Asso.subsea, has been awarded a turnkey contract by the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE) for the Dunkirk offshore wind farm. Hellenic Cables will design, manufacture, and supply 32 kilometers of submarine cables f

about 1 year ago
Noble Resolute; Source: Petrogas
Business & Finance

Noble rig instrumental to Petrogas’ gas extraction ‘milestone’ in Dutch waters

Petrogas has tucked a new natural gas extraction achievement under its belt off the coast of the Netherlands, thanks to drilling operations undertaken with one of Noble Corporation’s harsh environment jack-up rigs.

about 1 year ago
Illustration; Source: Kystdesign
Business & Finance

Chouest’s subsea arsenal grows as it welcomes ROV manufacturer into its fold

U.S.-headquartered Chouest Group has expanded its portfolio and subsea offering with the acquisition of Norway’s Kystdesign, a manufacturer of remotely operated vehicle (ROV) systems.

about 1 year ago