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Business & Finance

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VARD to build NKT's new cable-laying vessel
Business & Finance

VARD to build NKT’s new cable-laying vessel

Denmark-based power cable manufacturer and installation company NKT has placed an order with Norway’s VARD for the construction of its new cable-laying vessel (CLV). In May 2023, on the back of a record order backlog and the strong market outlook, NKT announced investments in a new high-voltage fact

about 2 years ago
N-Sea charters fuel-efficient vessel in move to strengthen its subsea offering
Business & Finance

N-Sea charters fuel-efficient vessel in move to strengthen subsea offering

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The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo Plus to long-term charter the Dutch-flagged vessel Geo Ranger, w

about 2 years ago
U.S. Naval Forces Central Command/U.S. 5th Fleet
Business & Finance

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read
MAN Karadeniz
Business & Finance

MAN ES to supply 48 dual-fuel engines to Karpowership

Engine powerhouse MAN Energy Solutions has signed a contract with Turkish powership builder and owner Karpowership for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of power plant ships. The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output

about 2 years ago
Prep begins for Scottish subsea link's converter station construction
Business & Finance

Prep begins for Scottish subsea link’s converter station construction

Enabling work has started in Peterhead for the proposed converter station for the Eastern Green Link 2 (EGL2) subsea electricity superhighway between Scotland and England. The joint venture project between SSEN Transmission and National Grid Electricity Transmission will see around 440 kilometers of

about 2 years ago
Italian TSO puts submarine drone for seabed surveys to test
Business & Finance

Italian TSO puts submarine drone for seabed surveys to test

Italian transmission system operator (TSO) Terna has launched a project in cooperation with U.S. startup Terradepth focused on testing innovative approaches to surveying the seabed for planning environmentally friendly submarine electrical connections. As part of Project Odisseo, the first test was

about 2 years ago
Illustration. Source: Equinor
Business & Finance

With ‘high’ oil & gas activity in 2023, more exploration in frontier areas on Norway‘s wish list

Out of the 34 exploration wells spudded on the NCS last year 23 were wildcat wells, which resulted in 14 discoveries.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

Green light for drilling ops that may bring more gas to Denmark’s largest natural gas hub

A FID has been taken to drill a well in the Harald East area, enabling any discovered gas to be exported through the Tyra facilities.

about 2 years ago
ABL Group
Business & Finance

Two firms pool resources to secure top spot in rig inspection market

ABL’s Rig Inspection division and Integrity HSE have forged a strategic alliance in a bid to expand their suite of offerings and services.

about 2 years ago
DeepOcean buys Norwegian firm to grow subsea offering
Business & Finance

Acquisition of Norwegian company next move in DeepOcean’s effort to grow subsea offering

A couple of days after news about a charter of a converted, battery-powered vessel to boost its subsea offering, DeepOcean announced it was acquiring digital transformation company Btwn AS as part of its ambition to grow its offering within digitalization and automation of subsea operations. Btwn –

about 2 years ago
Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia
Business & Finance

Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia

The consortium of TGS, PGS and SLB has secured pre-funding to expand multi-client seismic data coverage in the Sabah Basin offshore Malaysia. The seventh phase of this multi-year project encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic dat

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Business & Finance

Equinor comes up dry in North Sea well

Equinor has drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

Türkiye’s new energy efficiency roadmap envisions $20 billion investment by 2030

Türkiye is pulling out all the stops to fortify its energy security, including new energy efficiency roadmap and action plan.

about 2 years ago
Discriminating hydrogen colors will not get us any further
Business & Finance

Discriminating against hydrogen colors will not get us any further

Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg

about 2 years ago