Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market
Huisman has been selected to deliver advanced lifting and handling systems for an offshore installation vessel being built for the joint venture (JV) of Norwegian Solstad Offshore and Netherlands-based SBM Offshore. Awarded by CIMC Raffles Offshore, the contract will see Huisman deliver an integrate
Australia’s engineering firm Worley has won its first major services framework deal with Inpex Operations Australia, a subsidiary of Japan’s Inpex.
Scotland-headquartered offshore drilling contractor Odfjell Drilling has disclosed the return to work of its 17-year-old semi-submersible, following repairs in the wake of an equipment-handling incident that ended rig activity earlier this year.
Subsea7 has secured a contract with Brunei Shell Petroleum (BSP), a joint venture company between the Brunei government and the UK-headquartered Shell, covering subsea installation for a pipeline replacement project offshore Brunei. Subsea7’s scope of work includes the engineering, procurement, cons
UK-headquartered energy giant BP is launching a process to market its North Sea business for a potential sale after operating in the region for 60 years. BP reported today, July 31, that the decision is part of an ongoing portfolio review and reflects the disciplined approach to capital allocation,
UK-headquartered energy giant Shell has reached an agreement with Hungarian multinational oil & gas company MOL Group for the sale of its 100%-owned subsidiary BG Cyprus Limited for up to $720 million. BG Cyprus holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrod
Two pipelay support vessels (PLSVs) owned by a joint venture of DOF Group and TechnipFMC have secured long-term contract extensions with Brazil’s oil & gas company Petrobras. Under the contract amendments, Skandi Buzios has been awarded a 516-day extension and Skandi Recife a 550-day extension. Prev
As part of its long-term strategy to build an integrated portfolio of technologies and engineering capabilities for the subsea market, Swiss technology group Rosenxt Group has, through its U.S. business, acquired Houston-based Zupt, a provider of subsea metrology, advanced 3D subsea inspection, offs
UK-headquartered energy giant BP has put into production an expansion project of a field in the U.S. Gulf of America (Gulf of Mexico) that was discovered in 1998. BP reported today, July 30, the start-up of the Atlantis Major Facility Expansion project, which adds two new subsea water injection well
Construction has started in China on the floating production, storage and offloading (FPSO) topside destined for an ultra-deepwater development in Angola being developed by Azule Energy, a joint venture between Italy’s Eni and the UK’s BP. The Greater PAJ project is described as Angola’s first integ
Canadian oil & gas player Trillion Energy is changing its name to Dune Oil Corp. as part of its strategic pivot to oil development and exploration, representing a new direction for the company. The name change and the company’s new trading symbol on the Canadian Securities Exchange (CSE), DUNE, will
Norwegian Shearwater GeoServices has been tasked with a seismic survey offshore Australia to explore carbon storage potential in the Bonaparte Basin, marking its second carbon capture and storage (CCS)-related survey in this basin. Under the 3D seismic survey contract, the Norwegian firm will deploy
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured a term contract valued at approximately £4.85 million (over €5.6 million) for one of its platform supply vessels (PSVs) to be deployed on the UK Continental Shelf (UKCS). The contract for the PSV Energy Pace was a
