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Business & Finance

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Hornsea contract
Business & Finance

Seaway7 awards trenching services contract to Helix Robotics

Seaway7, part of the Subsea7 Group, has awarded Houston-headquartered Helix Robotics Solutions a contract for the burial of inter-array cables at the Hornsea 3 offshore wind farm site in the UK. The contract is expected to last over 300 days and is scheduled to commence in the third quarter of 2026.

about 1 year ago
Monna Lisa joins Leonardo da Vinci in Prysmian's fleet (Video)
Business & Finance

Monna Lisa joins Leonardo da Vinci in Prysmian’s fleet (Video)

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Prysmian’s new cable laying vessel (CLV) Monna Lisa has joined the fleet of the Italian cabling giant, following the completion of its sea trials. The keel-laying ceremony for the CLV, a sister vessel to Leonardo da Vinci, was held in Tulcea, Romania, in April 2023 to mark the start of construction,

about 1 year ago
low-carbon ships
Business & Finance

France goes big on maritime decarbonization with ‘CORIMER low-carbon ships’ initiative

The French government is launching a new call for proposals to accelerate the production of low-carbon ships and boats in the country.

about 1 year ago
Three tenders up for grabs for second Malta-Italy interconnector
Business & Finance

Three tenders up for grabs for second Malta-Italy interconnector

InterConnect Malta, owned by the Maltese government, has issued three new tenders for the second electrical interconnector between Malta and Italy. This comes less than a month after the project had received final approval. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC

about 1 year ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Two drilling strikes in a row for Aker BP as another North Sea well comes up empty

Aker BP has drilled another dry well in the North Sea off the coast of Norway. The drilling activities were conducted by one of Odfjell Drilling’s semi-submersible rigs.

about 1 year ago
Norwegian firm enters Asia-Pacific market with latest acquisition
Business & Finance

Norwegian firm enters Asia-Pacific market with latest acquisition

Norwegian Offshore Rental (NOR) is entering the Asia-Pacific (APAC) market through the acquisition of Clockwise Subsea, a provider of rental and sale of marine equipment to the civil, marine, renewable and oil & gas sectors. Established in 2017, Clockwise Subsea is based in Singapore, Malaysia and I

about 1 year ago
Transocean Barents rig is on drilling duty with OMV Petrom in Romanian Black Sea; Source: OMV Petrom
Business & Finance

WATCH: Transocean rig preps to spin the drill bit on €4B gas project

With preparations one of the semi-submersible rigs, owned by Transocean, is undergoing in Constanta drawing to a close, a start-up date for a long-term drilling campaign on a natural gas project in the Black Sea is fast approaching.

about 1 year ago
Revised concept for North Sea gas project's offtake route; Source: Hartshead Resources
Business & Finance

Tweaks to North Sea gas project’s concept encapsulate ‘far superior’ export route

Hartshead Resources has made changes to the gas offtake route for natural gas development in the UK sector of the North Sea and submitted the revised concept select report addendum (CSRA) to the North Sea Transition Authority (NSTA) on its own behalf as its joint venture (JV) partners did not back t

about 1 year ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Legal spat over rig contract breach nearing its end with Seadrill ordered to pay SFL $48 million

A court order is bringing a legal battle over an alleged contract breach to a close by instructing Bermuda-headquartered offshore drilling contractor Seadrill to pay a multimillion-dollar compensation to the owner of a semi-submersible rig, which was hired under the contract that sparked the dispute

about 1 year ago
Eni entrusts Well-Safe Solutions rig with more work
Business & Finance

Eni entrusts Well-Safe Solutions rig with more decommissioning work

Aberdeen-based decommissioning services provider Well-Safe Solutions has received a further contract extension from Italy’s energy giant Eni to decommission selected subsea and platform wells across a portfolio of projects in the Dutch North Sea. Eni recently exercised another 90-day option for the

about 1 year ago
Two new subsea contracts lift DOF's Asia-Pacific backlog to over $30 million
Business & Finance

Two new subsea contracts lift DOF’s Asia-Pacific backlog to over $30 million

Norwegian vessel owner DOF Group has received more work in the Asia-Pacific (APAC) region set to be performed this year, adding to a number of recently announced awards. The diving support vessel (DSV) Skandi Singapore will execute the first subsea service contract with related saturation diving ser

about 1 year ago
Alfa Laval
Business & Finance

Alfa Laval acquires NRG Marine to tap potential of ultrasonic anti-fouling tech

Swedish marine technology company Alfa Laval has signed an agreement to acquire NRG Marine, the UK-based provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications.

about 1 year ago
Shell's FPSO Penguins; Source: Sevan
Business & Finance

Shell’s new North Sea FPSO brings UK’s oil & gas field back online

Shell has put into operation mode its first new FPSO in the North Sea after more than two decades have gone by since its previous one.

about 1 year ago
Projects exploring ammonia bunkering in Norway receive Enova funding boost
Business & Finance

Projects exploring ammonia bunkering in Norway receive Enova funding boost

Norwegian government enterprise Enova has picked 15 projects investigating investments in ammonia bunkering facilities along the Norwegian coast to receive pre-project support.

about 1 year ago