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Business & Finance

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Shelf Drilling Winner jack-up rig; Source: Shelf Drilling
Business & Finance

ADES’ 2014-built rig turns one-year North Sea gig into three-year drilling job

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured a long-term extension for a drilling assignment its 12-year-old jack-up rig is undertaking in the Dutch sector of the North Sea.

about 5 months ago
Boskalis orders new cable-laying vessel for offshore wind, interconnector markets
Business & Finance

Boskalis orders new cable-laying vessel for offshore wind, interconnector markets

Boskalis will invest in a new high-capacity cable-laying vessel (CLV) targeting the offshore wind and interconnector markets, the company said on May 18. According to the company, the vessel is designed to support growing demand for long-distance cable installation, particularly for high-voltage dir

about 5 months ago
Ulstein hands over 155-meter cable-laying vessel to Nexans
Business & Finance

Ulstein hands over 155-meter cable-laying vessel to Nexans

Norway’s Ulstein Verft has delivered the cable-laying vessel (CLV) Nexans Electra to French cable systems designer and manufacturer Nexans, purpose‑built for the transport, laying, protection, repair and jointing of subsea power cables. Nexans Electra was ordered as the second vessel by Nexans at No

about 5 months ago
Safe Caledonia; Credit: Prosafe
Business & Finance

Prosafe firms up North Sea vessel gig with UK oil & gas operator

Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has signed on the dotted line with North Sea-focused Ithaca Energy to deploy one of its flotels on an assignment on the UK Continental Shelf (UKCS).

about 5 months ago
Illustration; Source: Eco Atlantic
Business & Finance

Eco’s takeover of JHI close to crossing the finish line

Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, is closing in on the completion of its acquisition of the issued and to-be-issued shares it does not already hold in JHI Associates (JHI).

about 5 months ago
CETO technology
Business & Finance

Relevant Spanish authorities grant approval for CETO’s deployment at BiMEP

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received a EuropeWave payment of €63,688 that reflects the approval of two deliverables related to the deployment of the CETO wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) site. The payment, und

about 5 months ago
‘Many key components’ manufactured for BiMEP-destined wave energy unit
Business & Finance

‘Many key components’ manufactured for BiMEP-destined wave energy unit

Carnegie Clean Energy and its supply chain partners have completed the fabrication and manufacture of many key components of the scaled CETO wave energy unit to be deployed at Biscay Marine Energy Platform (BiMEP) as part of the ACHIEVE Programme, with the final component fabrication work packages u

about 5 months ago
Deepsea Yantai; Source: Odfjell Drilling
Business & Finance

DNO in the clear for drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player DNO has received the go-ahead from the country’s authorities for drilling activities in the Norwegian Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 5 months ago
Solstad Offshore comes out as winner in CSV legal battle
Business & Finance

Solstad Offshore comes out as winner in CSV legal battle

An arbitration regarding a disputed 2024 charter hire related to the largest vessel in Solstad Offshore’s fleet has been resolved in the favor of the Norwegian offshore vessel owner, the company reported. Solstad reported yesterday, May 14, that arbitration proceedings related to a disputed charter

about 5 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Seal of approval for Equinor’s drilling ops with Transocean’s 2016-built rig

Norway’s state-owned energy giant Equinor has received clearance from the Norwegian authorities to conduct drilling activities on the Norwegian Continental Shelf (NCS) with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 5 months ago
BP and SOCAR boost energy collaboration with new MOU; Source: Meg O'Neill via LinkedIn
Business & Finance

BP and SOCAR fortify energy ties

UK-headquartered energy giant BP and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed on the dotted line to strengthen their energy bonds.

about 5 months ago
FPSO Johan Castberg; Source: Equinor
Business & Finance

Norwegian oil & gas cash flow surpasses $74 billion as investment bill hits $30.71B

As the Norwegian Continental Shelf (NCS) continues to attract new investments into oil and gas exploration and production (E&P) activities amid the global energy security concerns spurred by the Middle East conflict, Norway has upped its net cash flow ante from the petroleum sector, with billions ad

about 5 months ago
Wave energy prototype makes a splash at BiMEP for technology validation
Business & Finance

Wave energy prototype makes a splash at BiMEP for technology validation

Spain-based consulting, engineering, and architecture services firm IDOM has deployed its prototype wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) as part of the system’s technological validation and to obtain key information for its future scalability. The MARMOK A 5 float

about 5 months ago
Two new DNV standards target improved floating solar safety and performance
Business & Finance

Two new DNV standards target improved floating solar safety and performance

DNV has published two new coordinated standards for floating solar photovoltaic (FPV) systems with the aim of improving their safety, reliability, and long-term performance. These two new standards, DNV‑ST‑C108 Structural design of floats for floating photovoltaic systems and DNV‑ST‑E309 Station kee

about 5 months ago
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