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Business & Finance

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DOF closes purchase of Maersk Supply Service, now employing 5,000 people
Business & Finance

DOF closes purchase of Maersk Supply Service, now employing over 5,000 people

Norwegian vessel owner DOF Group has completed the purchase of Maersk Supply Service (MSS), now having a workforce of more than 5,000 people and operating a fleet of 78 vessels of which 65 are owned. DOF announced on July 2 that it would through the newly incorporated subsidiary DOF Offshore Holding

about 2 years ago
FPSO Alvheim; Source: Aker BP
Business & Finance

Sale of North Sea oil field brings $24 million to Eni’s Vår Energi

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Vår Energi, majority-owned by Italy’s Eni, has wrapped up the divestment of its interest in an Aker BP-operated field located in the Norwegian sector of the North Sea.

about 2 years ago
Acteon has partnered with Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind.
Business & Finance

Acteon and Applied Fiber join forces for advanced offshore mooring solutions

Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners

about 2 years ago
US-German project developing low-cost subsea energy storage gets $7.7M boost
Business & Finance

US-German collab gets $7.7M boost for development of low-cost subsea energy storage

U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut

about 2 years ago
Munin utility module; Source: Aker BP
Business & Finance

North Sea-bound 2,900-ton module for offshore platform all set to sail away toward gas project

Aker BP has confirmed the completion of a utility module’s construction phase a year after the first steel was cut for a platform, which is destined to be deployed at its gas development project in the North Sea off the coast of Norway.

about 2 years ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Business & Finance

Shell’s North Sea gas discovery now expected to be at lower end of pre-drill forecast

A further insight into the preliminary findings related to a recent gas discovery, made by the UK-headquartered energy giant Shell in the North Sea, indicates recoverable resources level may be at the lower end of pre-drill estimates.

about 2 years ago
Shearwater not yet done with work in 2024 as 'landmark' OBN survey comes its way
Business & Finance

Shearwater not yet done with work in 2024 as ‘landmark’ OBN survey comes its way

Norwegian marine geoscience and technology company Shearwater GeoServices has added more work in Africa to its to-do list, following the award of a deepwater ocean bottom node (OBN) project. Set to start in the fourth quarter of 2024, the deepwater OBN survey, marked as “landmark”, will have a one-m

about 2 years ago
TECO 2030 reveals plans for high-volume fuel cell production facility in US
Business & Finance

TECO 2030 reveals plans for high-volume fuel cell production facility in US

TECO 2030 is launching a potential capitalization process for its U.S. subsidiary. If successful, the capital infusion would be directed toward establishing a high-capacity fuel cell production facility in the U.S.

about 2 years ago
Scana's PSW Technology to stay with international rig company for two more years
Business & Finance

Scana’s PSW Technology to stay with international rig company for two more years

Scana-owned PSW Technology, a Norwegian provider of services and solutions to the drilling industry, has renewed a frame agreement with what it says is an international rig company. The framework agreement includes subsea services and will commence in the first quarter of 2025, extending for a perio

about 2 years ago
Depsea Yantai rig; Source: Neptune Energy, now part of Eni's Vår Energi
Business & Finance

One Odfjell Drilling-managed rig taking care of SPS in Norway as another kicks off work offshore Ghana

Odfjell Drilling has entrusted Norway’s Coast Center Base (CCB) with the special periodic survey (SPS) job for one of the harsh environment semi-submersible rigs it manages on behalf of China’s CIMC. Another rig, which the drilling contractor is managing on behalf of Northern Ocean (NOL), has begun

about 2 years ago
Dewatering pump system. Source: EnerMech
Business & Finance

EnerMech wraps up its largest deepwater nitrogen membrane project in Gulf of Mexico

UK-based oilfield services provider EnerMech has concluded a pre-commissioning project in the Gulf of Mexico for what is described as a “major U.S. infrastructure company”, marking the firm’s largest nitrogen membrane spread in deepwater to date. The contract, awarded in August 2023, spanned 11 mont

about 2 years ago
BW Helios LNG carrier; Source: BW LNG
Business & Finance

BW LNG ups digitalization ante by boosting 34-vessel fleet’s procurement capabilities

BW Group’s BW LNG has signed up for Procureship’s digital e-procurement platform, which is anticipated to optimize procurement capabilities for its fleet of liquefied natural gas (LNG) carriers.

about 2 years ago
Hornsea contract
Business & Finance

Seaway7 to wire Ørsted’s Hornsea 3 offshore wind farm

Ørsted has awarded Seaway7, part of the Subsea7 Group, a contract for the transport and installation (T&I) of the inter-array cables at the Hornsea 3 offshore wind project in the UK. Seaway7’s scope of work covers the transportation and installation of 192 66 kV inter-array cables, measuring approxi

about 2 years ago
PSV Viking Princess; Source: Eidesvik
Business & Finance

Another year added to Eidesvik LNG-powered vessel’s years-long assignment in Norway

Eidesvik Offshore has won a contract extension for one of its platform supply vessels (PSVs), prolonging the vessel’s stay offshore Norway.

about 2 years ago