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Business & Finance

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NKT nearing finish line for its Swedish expansion project
Business & Finance

Swedish company wins $109M deal for next phase of NKT cable factory expansion

Sweden’s construction company Skanska has signed a SEK 1.2 billion (approximately $109 million) contract with Denmark-headquartered power cable manufacturer and installation firm NKT for the next stage of the cable factory expansion in Karlskrona, Sweden. According to Skanska, the agreement, booked

about 1 year ago
Noble Patriot semi-submersible rig; Source: Noble Corporation
Business & Finance
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Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination

Noble Corporation has secured further work for two floaters in Nigeria with France’s TotalEnergies and in the UK with TAQA while one of its jack-up rigs also got more work in Britain with BP. However, Inpex has decided to break off the deal in Australia for one of the rig owner’s floaters.

about 1 year ago
FSRU Independence; Source: Höegh Evi, former Höegh LNG
Business & Finance

Ownership of FSRU deployed in Europe changes hands

KN Energies has taken possession of a floating storage and regasification unit (FSRU) working at its LNG terminal on Lithuania’s Kiaulės Nugara Island.

about 1 year ago
AKOFS Seafarer; Source: AKOFS Offshore
Business & Finance

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Business & Finance

Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins

Northern Ocean (NOL) has confirmed a short-term assignment with an undisclosed operator on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently under contract in Africa.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

North Sea FPSO goes offline once again

The oil and gas production at a floating production, storage, and offloading (FPSO) vessel in the North Sea, which is working on oil and gas assets operated by the UK-based upstream oil and gas player Serica Energy on the UK Continental Shelf (UKCS), has been switched off a week after partial restar

about 1 year ago
Damen
Business & Finance

Damen unveils ‘groundbreaking’ hull cleaning offering with ROV in starring role

Damen Shiprepair, part of Damen Shipyards Group, has revealed a hull cleaning service that uses a remotely operated vehicle (ROV) for its task. This vessel technology is said to be the first of its kind in France.

about 1 year ago
Elyse Energy secures funding for sustainable fuels production projects
Business & Finance

Elyse Energy secures funding for sustainable fuels production projects

Elyse Energy has secured circa €120 million from Hy24, PGGM, Bpifrance and Mirova to accelerate the development of its e-methanol and sustainable aviation fuel production projects in France and Spain.

about 1 year ago
Well-Safe Defender rig; Source: Well-Safe Solutions
Business & Finance

Well-Safe Solutions’ rig braves 13 North Sea storms to carry out Spirit Energy’s 15-well decom program

Well-Safe Solutions has shed more light on its decommissioning assignment with Spirit Energy, a North Sea operator, after crossing the finish line a few months ago, resulting in the completion of abandonment activities for 15 wells and recovery of 45.7 kilometers of tubing and casing alongside four

about 1 year ago
Mariner field in UK North Sea; Credit: Jamie Baikie/Equinor
Business & Finance

Shell and Equinor’s oil & gas merger giving birth to ‘biggest independent producer’ in UK North Sea

Shell and Equinor have set their cap on merging their offshore oil and gas assets in Great Britain to bring to life a combined company they claim will be the largest independent oil and gas player in the UK sector of the North Sea.

about 1 year ago
Åsgard B platform; Credit: Gudmund Nymoen/Equinor
Business & Finance

Oil & gas flows from ‘win-win’ subsea tie-back offshore Norway

Equinor has brought online a development project in the Norwegian Sea, which has been tied back to existing infrastructure at a field off the coast of Norway.

about 1 year ago
TenneT taps ABL for MWS services in Germany
Business & Finance

TenneT taps ABL for MWS services in Germany

The German transmission system operator (TSO) TenneT has selected ABL to provide marine warranty survey (MWS) services for the subsea cable interconnections between two of Germany’s offshore wind farms and the DolWin6 offshore converter station. The three subsea cables to be installed between the N-

about 1 year ago
Adriatic LNG; Source: VTTI
Business & Finance

Duo finalizes acquisition of shares in ‘key energy infrastructure’ to boost Italy’s security of supply

Following the acquisition of shares, VTTI has taken the largest stake in an Italian liquefied natural gas (LNG) terminal as Snam increased its interest in the same project.

about 1 year ago
An image showing East Anglia Two array and export cable corridor boundaries on a map
Business & Finance

Nexans lands export cable contract for East Anglia Two offshore wind farm

ScottishPower Renewables, part of the Iberdrola Group, has awarded an export cable contract for East Anglia Two (EA2), a 960 MW offshore wind farm in the UK, to Nexans. Under the contract, Nexans will supply and install approximately 100 kilometers of 275 kV high-voltage subsea export cables and 55

about 1 year ago