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Business & Finance

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Biofuel-powered vessel joins DEME subsidiary's fleet
Business & Finance

Biofuel-powered survey vessel joins DEME subsidiary’s fleet

Following conversion, DEME Group’s subsidiary G-tec has welcomed a new survey vessel that can completely run on biofuel to its fleet. The survey vessel Karina is equipped with a hull-mounted dual-head multibeam, side scan sonar, sub-bottom profilers, magnetometers and gradiometers frames to serve va

about 2 years ago
Transocean Enabler rig (for illustration purposes); Source: Transocean
Business & Finance

International offshore rig count two units down in February

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  • 5254

Baker Hughes’ rig count report shows that two rigs left the working international offshore fleet in February 2024.

about 2 years ago
Northern Lights; Source: Sensorlink
Business & Finance

Shell hands out work on Northern Lights to Norwegian firm

Sensorlink has secured a corrosion monitoring contract with Shell for the Northern Lights carbon capture and storage (CCS) project.

about 2 years ago
Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array
Business & Finance

Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array

Spanish tidal energy developer Magallanes Renovables has partnered up with Tadek Ocean Engineering for support related to its first commercial-scale tidal energy array. Magallanes secured two contracts in Contracts for Difference (CfD) allocation rounds – the first at the Morlais Demonstration Zone

about 2 years ago
ETAP in North Sea; Source: BP
Business & Finance

Battle for work-life balance continues, as workers gear up for strike action across multiple UK offshore platforms

This wave of strike action will hit several platforms operated by BP, TAQA, CNR, Repsol, Serica, and CNOOC.

about 2 years ago
Japanese hybrid power cable lay & construction vessel to sport Huisman cranes
Business & Finance

Japanese hybrid power cable lay & construction vessel to sport Huisman cranes

Norway’s VARD has awarded Dutch Huisman with a contract to deliver two subsea cranes for a highly customized hybrid power cable lay and construction vessel that it is building for what it says is a leading Japanese construction company. Huisman will deliver a full electric 250mt hybrid boom subsea c

about 2 years ago
Boskalis USA
Business & Finance

Boskalis reports record 2023 with 150% net profit increase; Half of offshore energy revenue came from offshore wind

Boskalis’s offshore energy division saw 50% of its revenue coming from offshore wind in 2023, according to annual results the Dutch dredging and offshore construction specialist released on March 7. Company-wide, Boskalis reported a 20% increase in revenue and a 150% higher net profit than in 2022.

about 2 years ago
Shearwater bags its fifth CCS survey in last two years
Business & Finance

Shearwater bags its fifth CCS survey in last two years

Norway’s Shearwater GeoServices is set to deliver a seismic survey for a carbon capture and storage (CCS) project in the UK during the summer. Shearwater secured a contract for Spirit Energy’s recent carbon storage license award by the UK’s North Sea Transition Authority (NSTA), located in the Morec

about 2 years ago
DOF to recycle Shell’s North Sea subsea infrastructure
Business & Finance

DOF to recycle Shell’s North Sea subsea infrastructure

DOF Group has secured a subsea engineering procurement removal and disposal (EPRD) contract with Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, in the Atlantic region. DOF will deliver an integrated solution of project management, engineering, design, analysis and survey for

about 2 years ago
Yara invests in electrolysis technology firm to boost hydrogen production
Business & Finance

Yara invests in electrolysis technology firm to boost hydrogen production

As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).

about 2 years ago
Stena Carron drillship drilled one of ExxonMobil's recent discoveries in Guyana; Source: Stena Drilling
Business & Finance

Once sea trials are out of the way, Stena drillship going back to Guyana

One of the drillships owned by Stena Drilling, an offshore drilling contractor, has completed its 15-year special period survey (SPS).

about 2 years ago
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
Business & Finance

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy

A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i

about 2 years ago
Two more CO2 storage areas up for grabs offshore Norway
Business & Finance

Two more CO2 storage areas up for grabs offshore Norway

The Norwegian Ministry of Energy is inviting applications for two areas for CO2 injection and storage in the North Sea, representing the sixth time acreage is being announced for CO2 storage on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Energy announced two areas for CO2 storag

about 2 years ago
Carnegie Clean Energy raises over $2M to support ‘first ever’ CETO deployment in Europe
Business & Finance

Spain awards €2.1M for Carnegie’s CETO wave energy device deployment

Carnegie Clean Energy’s wholly-owned subsidiary Carnegie Technologies Spain has secured a €2.1 million grant from the Basque Energy Agency to support the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country. The grant has been awarded by Ente Vasco

about 2 years ago