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Business & Finance

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Mariner platform; Credit: Jamie Baikie/Equinor
Business & Finance

Strike action at North Sea platform taken off the table as offshore drillers’ battle for work-life balance pays off

More than 100 offshore workers employed by Odfjell Technology have called off industrial action after securing improvements to working rotas.

about 2 years ago
GT Green Technologies wind propulsion
Business & Finance

Wind-assisted propulsion developers win big in latest CMDC funding round

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Wind-assisted propulsion developers in the UK have secured major victories in the latest round of the Clean Maritime Demonstration Competition (CMDC), which has assigned £33 million (€38.6 million) for new technologies to 33 projects across all twelve regions of the UK. Leading the charge is GT Gree

about 2 years ago
Methanol engines ordered for world’s largest cable-laying vessel2
Business & Finance

Methanol engines ordered for world’s largest cable-laying vessel

Jan De Nul has signed an agreement with ABC Engines for the delivery of methanol marine engines for what is said to be the world’s largest cable-laying vessel (CLV). Jan De Nul has placed an order for four 7,200 kW engines and one 1,800 kW engine that can run on (bio)diesel, HVO and methanol with [&

about 2 years ago
Solstad places order for six more ROVs for its fleet
Business & Finance

Solstad places order for six more ROVs for its fleet

Norway’s Solstad Offshore has placed an order with compatriot Omega Subsea Robotics for the delivery of six additional remotely operated vehicle (ROV) systems that will be integrated onboard its selected vessels this year. With six ROV systems already in place, this order doubles Solstad and Omega S

about 2 years ago
Concept of a floating solar panel array in beautifull calm morning lake with distant wild forest in background. 3d rendering.
Business & Finance

Danish company buys controlling stake in floating solar newcomer

Copenhagen-based company Glentra Capital has acquired a controlling stake in Third Pillar Solar Renewables, a U.S. developer and operator of floating solar projects. Third Pillar’s projects, which vary in size from 3 to 200 MW, are set up on unused water bodies like reservoirs, wastewater treatment

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

Noble’s decarbonization trump card: Sustainable diesel slashing rig’s CO2 emissions during North Sea drilling ops

Offshore drilling contractor Noble Corporation is determined to curb the carbon footprint from drilling operations.

about 2 years ago
electric UK
Business & Finance

UK awards €38.6 million to develop green technologies for ports and ships

The UK Government has allocated £33 million (€38.6 million) for new technologies to 33 projects across all twelve regions of the UK to deliver demonstrations, factory trials, and feasibility studies. The funding awarded through the Clean Maritime Demonstration Competition (CMDC) totals now £128 mill

about 2 years ago
Yme field in the North Sea
Business & Finance

Norwegian company scores contract with Repsol for oil spill monitoring

Repsol Norge has chosen the Norway-based company Vissim to implement an upgraded oil spill detection system at its Yme field on the Norwegian continental shelf (NCS). Vissim will install a new radar-based oil spill detection system on the Inspirer jack-up rig at the Yme oil field, situated in the Ce

about 2 years ago
Johan Sverdrup field; Credit: Jonny Engelsvoll/Equinor
Business & Finance

Norway’s oil & gas output goes up

Norway recorded an increase in oil and gas production in December 2023 compared to the volumes seen in November 2023, last year, and the figures included in the Norwegian Offshore Directorate’s predictions.

about 2 years ago
Another autonomous vessel joins Fugro's fleet and obtains highest level of UK coastguard approval
Business & Finance

Highest level of UK coastguard approval for latest autonomous vessel to join Fugro’s fleet

Fugro has expanded its uncrewed surface vessel (USV) fleet with the addition of a new Blue Essence vessel which has received the highest level of UK coastguard approval. Fugro Vaquita has joined Fugro’s 12-meter Blue Essence USV fleet and has earned Category 0 approval from the UK Maritime Coastguar

about 2 years ago
A photo of the cable laying vessel CLV Connector at sea
Business & Finance

Ørsted contracts Jan De Nul for export cable installation

Ørsted and Jan De Nul Group have signed the offshore export cable installation contract for the 2.9 GW Hornsea 3 offshore wind farm in the UK. This is the first offshore HVDC installation contract awarded by Ørsted in the UK, the company said. Belgium-headquartered Jan De Nul Group will be responsib

about 2 years ago
Øivind Tangen, SBM Offshore's current Chief Operating Officer (COO) and incoming CEO and Chair of the management board; Source: SBM Offshore
Business & Finance

New CEO taking the reins at SBM Offshore

SBM Offshore has disclosed the departure of its current CEO and Chair of the management board along with the appointment of his successor.

about 2 years ago
Illustration; Source: Lufttransport RW
Business & Finance

Two new search and rescue choppers coming to work at Equinor’s North Sea assets

Equinor has handed a five-year contract for two new search and rescue helicopters (SAR), which will carry out operations on the NCS.

about 2 years ago
Previously disclosed development concept for Sea Lion Phase 1; Source: Rockhopper
Business & Finance

Tweaks in Falklands development plan come to light but sanctioning of Israeli player’s largest operated project still slated for 2024

Israel’s Navitas Petroleum has revamped its development plan for the Sea Lion project located off the Falkland Islands.

about 2 years ago