Business & Finance

Remota hand-picked to operate and manage newbuild unmanned surface vessel
Remota has been contracted by USV to operate and manage remotely controlled offshore operations for its first newbuild USV.

With offshore licence offers from 25 oil & gas players, Norway keeps its position as exploration hub
Norway received offers for production licences from 25 companies for further exploration activity on the NCS, as part of the APA 2023 round.

ERMA FIRST’s AMP system recognized as energy saving device
DNV classification society has issued a letter of professional opinion confirming that ERMA FIRST’s alternative maritime power (AMP) system, BLUE CONNECT, meets the requirements for categorisation as an ‘energy-saving device’ (ESD). In the same document, DNV recognises BLUE CONNECT’s ability to impr

NKT clinches ‘key components’ deal for two power cable projects
NKT has entered into agreements, ensuring production and offshore installation capacity for power cable systems off Scotland.

Prysmian pulls off a hat-trick in Germany worth €4.5 billion
Prysmian Group has been picked as the preferred bidder for two offshore grid connection systems and an underground cable project in Germany, which are valued in aggregate at around €4.5 billion or $4.86 billion.

TGS joins forces with Apparition on a mission to boost seismic survey efficiency
TGS is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement.

BP hands out 10-year deal for well support
Add Energy, a subsidiary of ABL Group, has secured a deal with BP for the provision of well services and emergency well control services.

BW Offshore secures $200 million financing for North Sea FPSO
BW Offshore has signed a new $200 million facility, refinancing its existing senior secured credit facility for an FPSO working in the UK.

In focus: Transition, one step at a time
When it comes to tweaking existing industrial processes to curb carbon emissions, numerous steps are being taken.

New addition to Boskalis fleet undergoing conversion to cable-laying vessel
Boskalis has expanded its fleet with a new vessel currently getting ready to be converted from a pipe-laying vessel to a cable-laying one.

Equinor getting ready to spud two North Sea wells with Shelf Drilling and Transocean rigs
Equinor has received consent from the country’s offshore safety regulator to use rigs owned by Shelf Drilling and Transocean for drilling activities in the North Sea off Norway.

Neptune all set to kick off North Sea drilling ops with Odfjell Drilling-managed rig
Neptune Energy has secured a drilling permit from the Norwegian authorities for an exploration well in the North Sea off Norway.

North Sea project comes online six months ahead of schedule
Equinor has started production from a project, which is expected to boost production by 26 million barrels of oil equivalents from a field in the North Sea off Norway.

All development consents in place for UK’s giant renewable electricity superhighway
To bring its largest green electricity transmission reinforcement project to life, the UK gave its consent for new converter stations and onshore and offshore cables.