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Business & Finance

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Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

Rig market consolidation continues with Vantage Drilling-Eldorado merger

Vantage Drilling, a Bermuda-exempted offshore drilling contractor, and Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, have embarked on a merger quest, which is expected to strengthen drilling capabilities, customer relationships, and investment ca

about 4 months ago
Early works starting for project that will link Western Isles to UK transmission network
Business & Finance
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Early works starting for project that will link Western Isles to UK transmission network

Early works to support the installation of the mainland underground cable section of the 1.8 GW power transmission link that will connect the Scottish Western Isles to the UK national electricity transmission network for the first time are set to begin on June 8. The Western Isles HVDC Link will con

about 4 months ago
EemsEnergyTerminal in Eemshaven; Courtesy of Gasunie
Business & Finance

Dutch LNG terminal eyes 2036 horizon as Gasunie, Vopak back conditional lifeline extension

A conditional final investment decision (cFID) is paving the way to prolong operations at a liquefied natural gas (LNG) terminal in the Netherlands until 2036, securing its role in the country’s LNG infrastructure beyond 2027.

about 4 months ago
Illustration; Source: SLB
Business & Finance

SLB and Vår Energi embark on digital quest to speed up oil & gas decision-making

U.S.-headquartered technology player SLB is pooling resources with Norway’s oil and gas player Vår Energi to help the operator advance progression from discovery to development, cutting time to first oil by building on multi-discipline, collaborative well planning workflows that reduce cycle times f

about 4 months ago
Worley Rosenberg to produce 34 subsea structures for Equinor’s field
Business & Finance

Worley Rosenberg to produce 34 subsea structures for Equinor’s field

Worley’s Rosenberg engineering, procurement and construction (EPC) center of excellence in Norway has secured a new contract with Subsea7 to fabricate subsea structures for Equinor’s oil & gas development in the northern North Sea. Worley Rosenberg will fabricate 34 subsea structures, mainly compris

about 4 months ago
Troll C platform in the North Sea; Source: Equinor
Business & Finance

Baker Hughes lines up more North Sea oil & gas work with Equinor

U.S.-headquartered energy technology giant Baker Hughes has landed two long-term contract extensions with Norway’s state-owned energy player Equinor to support hydrocarbon production in the Norwegian sector of the North Sea.

about 4 months ago
Omega Subsea and AGR establish North Sea ROV and survey collaboration
Business & Finance

Omega Subsea and AGR establish North Sea ROV and survey collaboration

Norway-based Omega Subsea and AGR have set up a long-term partnership for offshore survey and remotely operated vehicle (ROV) services in the North Sea. Omega Subsea will deliver integrated ROV and survey capabilities onboard the 89.3-meter-long, 2005-built multipurpose offshore support vessel Aquam

about 4 months ago
Spanish floating solar platform hits the water ahead of open sea trials
Business & Finance

Spanish floating solar platform hits the water ahead of open sea trials

Spain-based engineering consultancy BlueNewables has launched the first platform of its PV-bos floating solar technology in Vigo, before it is taken to its final site in Valencia to conclude operational validation in open sea conditions. The platform named Paiporta was launched at the facilities of

about 4 months ago
Poland-bound FSRU; Source: Gaz-System
Business & Finance

KN Energies picks up job on European FSRU project

Lithuania-headquartered liquefied natural gas (LNG) terminal operator KN Energies (KN) has been hired by Poland’s gas transmission system operator (TSO), Gaz-System, on an assignment related to a new floating storage and regasification unit (FSRU), destined to be part of a liquefied natural gas (LNG

about 4 months ago
WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe
Business & Finance

WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe

Onshore cable installation has been completed in Ireland as part of the island’s first direct electricity interconnection with the European continent via a 500-kilometer subsea cable. Developed by French and Irish transmission system operators (TSOs) Réseau de Transport d’Électricité (RTE) and EirGr

about 4 months ago
DeepOcean wins subsea contract package with Equinor
Business & Finance

DeepOcean wins subsea contract package with Equinor

Ocean services provider DeepOcean has secured a subsea contract package with Norwegian state-owned energy giant Equinor for multiple fields on the Norwegian continental shelf (NCS), with offshore work to be performed across 2027-2028. The package includes subsea work scope at the Visund field in the

about 4 months ago
CRP Subsea to supply cable protection systems for East Anglia Two offshore wind farm
Business & Finance

CRP Subsea to supply cable protection systems for East Anglia Two offshore wind farm

UK-based CRP Subsea has secured a contract from Seaway7 to supply cable protection systems (CPS) for ScottishPower Renewables’ East Anglia Two offshore wind farm in the UK North Sea. Under the contract, CRP Subsea will provide 142 NjordGuard cable protection systems for inter-array cable termination

about 4 months ago
Venterra’s Oceanscan opens new facility after ‘standout year of growth’
Business & Finance

Venterra’s Oceanscan opens new facility after ‘standout year of growth’

UK’s Oceanscan Group, a member of Venterra Group, has opened its new facility in Aberdeen, following what the company says was a standout year of growth across Europe, during which the subsea business doubled in size. Oceanscan reported that the new 1,200m2 site in Dyce, opened on May 21, more than

about 4 months ago
FSRU Dioriga Gas; Source: Dioriga Gas
Business & Finance

LNG pact enables Greek FSRU to boost Southeast Europe’s gas supply diversification

Mercuria, an independent energy and commodity trader, has joined forces with Motor Oil Hellas (MOH) to ensure liquefied natural gas (LNG) supply through a floating storage and regasification unit (FSRU) in Greece’s Saronic Gulf.

about 4 months ago