Business & Finance
Construction ramps up at Orkney Islands’ first link to UK mainland
Nexans has started the installation of the underground land cable for an electricity interconnector that will connect the Orkney Islands to the UK mainland for the first time. Orkney Link, developed by SSEN Transmission, will comprise a new substation being built at Finstown, approximately 14 kilome
Perenco on offshore platform electrification quest to power Brazil’s shallow-water fields from shore
In a bid to strike a balance between maximizing asset longevity and curbing greenhouse gas (GHG) emissions, Perenco Brasil, a subsidiary of Anglo-French oil and gas player Perenco, is joining forces with Porto do Açu to bring shore power directly to its offshore fields in the Campos Basin off the co
Subsea Cable Assets wins first contract with Saipem, worth $20 million
Netherlands-headquartered Subsea Cable Assets (SCA) has won its first contract with Saipem for cable transportation and transpooling services in the Caspian region, valued at approximately $20 million. Under the contract secured with Saipem Contracting Netherlands BV, SCA will provide engineering, s
Allseas books ABL for 60,000-ton topside single-lift ops in next North Sea decom chapter
Energy and marine consultancy ABL, part of Oslo-listed global consultancy group Aqualis, has been hired by Switzerland-based offshore contractor Allseas to support the lifting of a massive 60,000-ton topside in a single motion as part of a North Sea decommissioning project on the Norwegian Continent
WATCH: Dutch methanol-ready subsea rock installation vessel launched
Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has launched its first of two subsea rock installation (SRI) vessels. The company announced in November 2024 that it had placed an order for the construction of two
DeepOcean and TFKable plan JV for inter-array cable projects with dedicated vessel
DeepOcean and the controlling entity of TFKable Group are planning to establish a joint venture (JV) that will provide integrated engineering, procurement, construction and installation (EPCI) services for inter-array cable projects in offshore wind, as well as a newbuild, dedicated inter-array cabl
Shell done with US Gulf oil asset sale set to realize $1.7 billion total deal value
Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has brought to a close the divestment of non-operated working interests in certain oil assets in the Gulf of America (U.S. Gulf of Mexico).
QatarEnergy’s CEO: Repairs on damaged LNG trains to take three years
While dismissing alternative pipeline routes as economically unviable, the Chief Executive Officer (CEO) of Qatar’s state-owned oil and gas giant QatarEnergy has highlighted that the country’s liquefied natural gas (LNG) player remains fully committed to maritime transit through the Strait of Hormuz
Remote operations center for unmanned survey operations opens in Singapore
OMS Group has opened a new remote operations center (ROC) in Singapore, dedicated to remote supervision of unmanned surface vessel (USV) operations, real-time monitoring and validation of survey data, and coordinated multi-vehicle operations across geographically dispersed projects. The ROC, operate
Australian oil & gas firm makes its first foray into Liberia’s deepwater arena
In a move designed to capitalize on renewed global industry interest in oil and gas exploration due to traditional supply chain woes and surging energy demand, Bounty Oil & Gas, an independent Australian oil and gas explorer and producer, has taken a step to widen its portfolio with the acquisition
Brazilian subsea services provider changes hands
Norwegian engineering company CoreMarine has completed the acquisition of Brazil’s BravOcean, a provider of subsea installation support, project management services, and specialist personnel for deepwater subsea umbilicals, risers and flowlines (SURF) projects. “BravOcean has always been committed t
Navitas forges ahead in South Africa as it wraps up offshore acquisition
Israel’s Navitas Petroleum has brought into its fold a stake in a block off the coast of South Africa through a deal with Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin.
South Korean players embark on small-scale LNG commercialization mission
Two South Korean companies, GasEntec and Samsung Heavy Industries (SHI), are pooling resources to commercialize small-scale liquefied natural gas (LNG) technology.
CETO wave energy unit’s foundation ready for deployment at BiMEP
Carnegie Clean Energy has completed the foundation structures of the scaled CETO wave energy unit in preparation for deployment at Biscay Marine Energy Platform (BiMEP) as part of the ACHIEVE Programme. CETO is a fully submerged, point absorber-type wave energy technology device. A submerged buoy si