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Business & Finance

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Aberdeen-based energy services firm buys local subsea engineering company
Business & Finance

Aberdeen-based energy services firm buys local subsea engineering company

Aberdeen-based energy services company THREE60 Energy has acquired a local subsea engineering company with the aim of enhancing its capabilities. With the acquisition of Samphire Subsea, THREE60 said it expects to further enhance its lifecycle solutions offering by adding subsea engineering, operati

about 2 years ago
Höegh Autoliners
Business & Finance

Höegh Autoliners secures 5-year deal for US to Middle East trade

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Norwegian RoRo transportation services provider Höegh Autoliners has signed a five-year contract with an unnamed ‘major’ international car producer for the transport of cars from the US and Mexico to the Middle East.

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Fresh oil & gas find emerges as latest contender for tie-back to North Sea platform

Vår Energi has made a new commercial oil and gas discovery in the North Sea, which contains estimated gross recoverable resources of 18-39 mmboe.

about 2 years ago
Siemens Gamesa turbine chosen for wind-wave power and hydrogen storage demo project
Business & Finance

Siemens Gamesa turbine chosen for offshore wind-wave power demo in Spain

Danish renewable energy developer Floating Power Plant has selected a Siemens Gamesa wind turbine to be deployed at its demo project off the coast of Gran Canaria that integrates floating wind, wave energy, and hydrogen production. The 4.3 MW SWT-DD-120 turbine will be installed at the Plataforma Oc

about 2 years ago
Norwegian eleven-year-old vessel sports cable lay and trenching equipment (Photo)
Business & Finance

Norwegian eleven-year-old vessel sports cable lay and trenching equipment (Photo)

A multi-purpose support vessel (MPSV) owned by Olympic Subsea and on charter with DeepOcean has been equipped with cable lay and trenching equipment to be able to install and protect power cables for offshore renewables projects. The two Norwegian companies entered into a two-year time charter agree

about 2 years ago
Illustration; Source: TMC Compressors
Business & Finance

Japanese shipowner’s LNG carriers to sport Norwegian firm’s compressors

HD HHI has hired TMC Compressors to supply compressors for four LNG carriers the shipbuilder is constructing for Japan’s NYK Line.

about 2 years ago
Eagle Explorer
Business & Finance

SeaBird’s 2009-built seismic vessel gets prolonged assignment

Cyprus-headquartered seismic company SeaBird Exploration has secured a contract extension with a repeat client that will see its seismic research vessel Eagle Explorer working in the Western Hemisphere. SeaBird Exploration announced on May 21 that it had won an ocean bottom node (OBN) source contrac

about 2 years ago
Another Solstad vessel secures long-term work with Italian cabling giant
Business & Finance

Another Solstad vessel secures long-term work with Italian cabling giant

Italian cabling giant Prysmian has awarded a five-year contract to Norwegian shipping company Solstad Offshore for a subsea construction vessel (CSV) set to support the installation of power cable systems on the company’s projects. The CSV Normand Ocean will be on a firm contract with Prysmian which

about 2 years ago
Illustration; Source: ABL Group
Business & Finance

Repsol handpicks headhunter to staff its Norwegian onshore and offshore assets

AGR has won a frame agreement with Repsol Norge to recruit energy professionals for the latter’s operations in the Nordic country.

about 2 years ago
Deepwater Nautilus rig; Source: Transocean
Business & Finance

Transocean’s 24-year-old stacked rig going to mystery buyer next quarter

Transocean has set the wheels into motion to get rid of one of its stacked ultra-deepwater floaters to turn its attention to its core fleet assets.

about 2 years ago
Congo FLNG; Source: Eni
Business & Finance

Construction of second Congo-bound FLNG progressing on course for start-up next year, Eni says

Eni has confirmed that the building works related to a new 2.4 million tonnes per year (mtpa) FLNG unit are moving forward in line with its timeline.

about 2 years ago
New alliance looking into development of hydrogen and ammonia technologies
Business & Finance

New alliance looking into development of hydrogen and ammonia technologies

KKR and IGNIS have agreed to launch a platform IGNIS P2X to develop primarily green hydrogen and ammonia projects for industrial applications in hard-to-abate sectors.

about 2 years ago
Zhoushan yard; Source: Wison New Energies
Business & Finance

Chinese energy firm packs its bags to join the exodus from Russia

China-based provider of clean energy services Wison New Energies has signaled its intention to end all current and future Russian operations.

about 2 years ago
Ocean Installer picked for major subsea scope at Equinor's large North Sea oil & gas field
Business & Finance

Ocean Installer picked for major subsea scope at Equinor’s large oil & gas field

Norwegian state-owned energy company Equinor has awarded compatriot Ocean Installer with an engineering, procurement, construction and installation (EPCI) contract to deliver a subsea scope for its huge oil and natural gas field in the Norwegian sector of the North Sea. Equinor and its partners have

about 2 years ago