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Business & Finance

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Prysmian wins €100 million contract with Petrobras
Business & Finance

Prysmian lands €5 billion cable job for projects offshore Germany

Italy-headquartered Prysmian has finalized three contracts worth in aggregate around €5 billion with the transmission system operator (TSO) Amprion for BalWin1 and BalWin2 offshore grid connection systems and the DC34 underground cable project in Germany. According to Prysmian, this package deal is

about 2 years ago
Normand Tonjer
Business & Finance

Solstad’s recently-purchased CSV wins contract with international client

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Norway’s Solstad Offshore (SOFF) has secured an 18-month contract with an international client for the construction support vessel (CSV) Normand Tonjer. The contract is starting in April 2024 and it includes a possible two-time 180-day extension. The commercial terms are confidential, but they ali

about 2 years ago
Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä
Business & Finance

Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä

Norwegian shipping company Siem Offshore is collaborating with Finnish technology group Wärtsilä on vessel decarbonization solutions as part of its efforts to reduce the carbon footprint of its 26-vessel fleet and goal of reaching full carbon neutrality by 2050. According to Siem, the aim is to achi

about 2 years ago
Mabanaft secures funding for new methanol solar plant in Australia
Business & Finance

Mabanaft secures funding for new methanol solar plant in Australia

Hamburg-based energy company Mabanaft has received grant approval from the German Projektträger Jülich for the potential construction of a new green methanol plant in Port Augusta, South Australia. In cooperation with Australian renewable energy company Vast, Mabanaft intends to build a solar methan

about 2 years ago
Green light for Saipem to restart pipelaying off Australia after vessel incident
Business & Finance

Green light for Saipem to restart pipelaying off Australia after vessel incident

Following the offshore trunkline installation incident at the end of January, Italian oilfield services provider Saipem has received approval from the Australian Commonwealth regulator National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) that the Castorone vessel may r

about 2 years ago
Reach Subsea 'very optimistic for years ahead' as it reports record 2023 numbers
Business & Finance

Reach Subsea ‘very optimistic for years ahead’ as it reports record 2023 numbers

Reach Subsea has reported record-high numbers for the fourth quarter of 2023 and the whole year, with all parameters driven by growth, improved pricing, and strong project execution. Reach Subsea’s revenue for Q4 2023 grew by 45% to NOK 474 million ($44.5 million), whereas EBIT grew by 130% to NOK 7

about 2 years ago
Noble Resolute; Source: Noble Corporation
Business & Finance

Noble jack-up rig staying longer in North Sea

Noble Corporation has found more work for one of its jack-up rigs off the coast of the Netherlands, where the rig is currently carrying out drilling operations.

about 2 years ago
Germany grants €3.5 billion for green hydrogen import program
Business & Finance

Germany grants €3.5 billion for green hydrogen import program

Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) has allocated €3.53 billion for the country’s hydrogen importing mechanism, H2Global Foundation, to fund future auctions for renewable hydrogen and its derivatives. On February 12, H2Global issued a statement saying that BMWK

about 2 years ago
Wavepiston installs first energy collector on its wave energy system off Canary Islands
Business & Finance

Wavepiston installs first energy collector on its wave energy system off Canary Islands

Danish company Wavepiston has installed its first full-scale energy collector on its wave energy system offshore the Canary Islands. Wavepiston reported that it had on February 8 installed its first full-scale energy collector on the Wavepiston string at the Oceanic Platform of the Canary Islands (P

about 2 years ago
DeepOcean enters Guyana after securing major contract with ExxonMobil
Business & Finance

DeepOcean enters Guyana after securing major contract with ExxonMobil

Norway-based ocean services provider DeepOcean has entered the Guyana market with what it says is its first major contract with ExxonMobil in the Americas. Under this contract, DeepOcean is to plan and carry out a range of subsea activities, including subsea construction and jumper installations, an

about 2 years ago
New Nexans cable-layer to sport ABB's hybrid power system
Business & Finance

New Nexans cable-layer to sport ABB’s hybrid power system

Norwegian shipyard Ulstein Verft has placed an order with ABB for the delivery of an integrated power and propulsion system for Nexans’ new cable-laying vessel (CLV), currently under construction. The CLV, specially designed by Skipsteknisk, will be able to carry out the transport and lay of various

about 2 years ago
A15 platform; Source: Petrogas
Business & Finance

First gas flows from North Sea project 22 months after final investment decision

Petrogas E&P Netherlands has kicked off production from a gas field in the northern part of the Dutch North Sea.

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

Double whammy for Vår Energi in North Sea as both wells come up dry

Vår Energi has drilled two wildcat wells in the North Sea, using one of Odfjell Drilling-managed semi-submersible rigs.

about 2 years ago
Chesapeake, Delfin and Gunvor ink long-term LNG liquefaction offtake deal
Business & Finance

Chesapeake, Delfin and Gunvor ink long-term LNG liquefaction offtake deal

Chesapeake Energy Corporation, Delfin LNG, a subsidiary of Delfin Midstream, and Gunvor Group, through Gunvor Singapore, have entered into a liquefied natural gas (LNG) export deal that includes executed sales and purchase agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeak

about 2 years ago