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Business & Finance - Offshore Energy

Business & Finance

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Ocean Energy Support Vessel (OESV) design; Credit: Salt Ship Design

Business & Finance

Spanish shipyard tasked with bringing ocean energy support vessel to life

Norway’s Østensjø Rederi has entrusted the construction of its new ocean energy support vessel (OESV) to Astilleros Gondon, a Spanish shipyard.

about 2 years ago

Business & Finance

HD KSOE ventures into hydrogen fuel cell market with $80M acquisition

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is set to spearhead the global hydrogen fuel cell market through an investment of $80 million to acquire Convion, a company specializing in fuel cell systems. HD KSOE said it had recently, through its subsidiary H

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about 2 years ago

Normand Vision is said to be the type of vessel that will be used during the project; Source: Ocean Installer

Business & Finance

North Sea subsea tie-back job enables Ocean Installer to handle ‘key component’ for FPSO’s life extension

Ocean Installer, part of the Moreld Group, has been hired to handle a subsea tie-back project to an existing floating production, storage, and offloading (FPSO) vessel operating in the North Sea, as part of a new frame agreement for offshore construction.

about 2 years ago

Wood's background image representing a beautiful orange offshore sunset

Business & Finance

Wood advances CCS projects on Norwegian Continental Shelf

Scotland-headquartered engineering and consulting business John Wood Group (Wood) is advancing three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf (NCS), which combined can store up to 21 million tonnes of CO2 annually, the equivalent of nearly half of Norway’s total C

about 2 years ago

Business & Finance

‘Challenging’ period for LNG fleet ahead unless freight efficiency increases, Norwegian firm’s analysis shows

Awilco LNG, a Norwegian-based fully integrated pure-play liquefied natural gas (LNG) transportation provider, has highlighted in its analysis of the LNG market trends in the first half of 2024 and predictions for the upcoming period that the market activity is picking up the pace even though the cha

about 2 years ago

With the assistance of the Norwegian seismic company TGS, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), has initiated a direct negotiation licensing round featu

Business & Finance

Supported by TGS, Liberia opens licensing round for 29 offshore blocks

With the assistance of the Norwegian seismic company TGS, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), has initiated a direct negotiation licensing round featuring 29 offshore blocks in the Liberia and Harper Basins. TGS supports this effort by providing a p

about 2 years ago

Business & Finance

WATCH: ‘Mighty’ newbuild FPSO eating up the miles toward oil project to embark on its 30-year job

Equinor is looking forward to the arrival of a new floating production, storage, and offloading (FPSO) vessel at its oil project in the Barents Sea, where the FPSO unit will start its three-decade assignment off the coast of Norway.

about 2 years ago

Well-Safe Guardian rig; Source: Well-Safe Solutions

Business & Finance

North Sea’s only semi-sub performing saturation dives achieves 163 ops as rig’s decom gig approaches finish line

Well-Safe Solutions has hit a new saturation diving milestone in the UK waters with one of its rigs, which is said to be the only semi-submersible in the North Sea with saturation dive spread capability.

about 2 years ago

VARD's newbuild 962, known as CLV Freja, on its way to Norwegian yard; Source: VARD

Business & Finance

New cable-laying vessel reaches Norway to undergo final works

A cable-laying vessel (CLV), which Norway’s ship designer and shipbuilder VARD is constructing for Denmark’s subsea specialist NCT Offshore, has come to Norwegian waters.

about 2 years ago

Business & Finance

Boskalis: ‘Enormously multifunctional’ survey vessel joins UAE subsidiary’s fleet

Dutch offshore services giant Boskalis has expanded its fleet with the addition of a DP2 vessel for offshore geophysical and geotechnical surveys, which the company describes as relatively new and enormously multifunctional. The Horizon Zenith vessel is deployed by Boskalis’ UAE-headquartered subsid

about 2 years ago

Ireland-Wales interconnector nears trial operations as Sumitomo wraps it up

Business & Finance

Ireland-UK interconnector nears trial operations as cable installation wraps up

Japan-headquartered Sumitomo Electric Industries has completed all onshore and offshore cable installation work for the Greenlink Interconnector between Ireland and the UK, with trial operations expected in the coming months. The project included the manufacture and installation of onshore HVDC cros

about 2 years ago

Business & Finance

OMV’s drilling ops with Transocean rig lead to new gas discovery offshore Norway

OMV has made a new gas discovery in a wildcat well off the coast of Norway with a semi-submersible rig owned by Transocean.

about 2 years ago

Transocean Enabler rig drilled one of Equinor's recent wells (for illustration purposes); Credit: Jan Arne Wold/Equinor

Business & Finance

$1.42 trillion at stake as oil & gas production ebbs away: Norway urged to pick up the pace of exploration and tech advancement

Over $1.42 trillion is said to be at risk of being lost if Norway does not step up its search for remaining hydrocarbon resources on the Norwegian Continental Shelf (NCS) and takes advantage of new technology to boost production levels.

about 2 years ago

Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.

Business & Finance

Minesto puts together investment offer for buildout of tidal kite array

Swedish tidal energy developer Minesto has put together an investment offer for the first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands. According to Minesto, the actual production results of its utility-scale tidal energy kite Dragon 12 (D12) are used to accurately predict e

about 2 years ago