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Business & Finance

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Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK’s oil & gas industry on its way to surpassing methane and production emissions cuts years before deadline

The UK wants decarbonized oil and gas production to power its homes and businesses with low-carbon and zero-emission energy.

about 2 years ago
Seadrill targets enhanced managed pressure drilling ops with new collaboration
Business & Finance

Seadrill targets enhanced managed pressure drilling ops with new collaboration

Bermuda-headquartered offshore drilling contractor Seadrill has established a strategic collaboration with Texas-headquartered Oil States International with the aim of “transforming” offshore drilling efficiency and safety by bringing managed pressure drilling (MPD) into mainstream operations. The n

about 2 years ago
Illustration; Source: Vallourec
Business & Finance

Vallourec expands pipe coating services with acquisition of Brazillian firm

France’s tubular solutions provider Vallourec has entered into a definitive agreement with Mattr to acquire 100% of the shares in its subsidiary, Thermotite do Brasil, a provider of thermal insulation pipe coating services for the offshore oil and gas industry. Vallourec is acquiring Thermotite do B

about 2 years ago
Boskalis vessel installs huge topside at Qatar’s largest offshore oil field (Photo)
Business & Finance

Boskalis installs huge topside at Qatar’s largest offshore oil field (Photo)

Dutch offshore services giant Boskalis has completed the installation of the central processing platform (CPP) topside at what is said to be Qatar’s largest offshore oil field. Semi-submersible heavy transport vessel Forte installed the Gallaf GE CPP topside at its final destination, the Al-Shaheen

about 2 years ago
FPSO Johan Castberg in Barents Sea; Credit: Lars Morken/Equinor
Business & Finance

With giant newbuild FPSO anchored at Norwegian field, hook-up and first oil next on the agenda

Equinor has anchored its new floating production, storage, and offloading (FPSO) vessel to the seabed with mooring lines and will proceed to complete the rest of the items on the production start-up list to bring its oil project in the Barents Sea online, enabling the FPSO unit to embark on a three-

about 2 years ago
French company's barge in fifth gear for Germany’s Wilhelmshaven 2 LNG terminal
Business & Finance

French firm’s barge in fifth gear for Germany’s Wilhelmshaven 2 LNG terminal

As part of a contract with Norway’s technology company ECOnnect Energy, French Geocean has picked up the thermo composite pipes (TCP) reels that will connect the FSRU to the onshore site as part of the second liquefied natural gas (LNG) terminal in Wilhelmshaven developed by German state-owned Deuts

about 2 years ago
Norbe VIII drillship; Source: Foresea
Business & Finance

WATCH: Foresea rig comes to Brazilian shipyard ahead of its drilling gig with Petrobras

Foresea has sent one of its drillships to undertake a 15-year special periodic survey (SPS) at the Rio Grande Shipyard, where the rig will get ready for its new assignment off the coast of Brazil, which is slated to begin next quarter with the state-owned energy giant Petrobras.

about 2 years ago
hydrogen fund
Business & Finance

Japan’s brand-new hydrogen fund makes a smashing debut with $400M already in hand

The Japan Hydrogen Fund — the first Japanese fund dedicated to the development of low-carbon hydrogen — has been officially launched, with more than $400 million raised from multiple investors.

about 2 years ago
North Field; Source: QatarEnergy LNG
Business & Finance

Saipem scoops up $4 billion for work on mega natural gas field offshore Qatar

Saipem has won a multibillion-dollar deal for an offshore project designed to help maintain natural gas production from the biggest field off the northern coast of Qatar.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Saipem rig staying with Norwegian oil & gas firm until 2026-end

Saipem has secured more work with Aker BP, a Norwegian oil and gas player, for a semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS).

about 2 years ago
Grand block ceremony held for newbuild Nexans cable layer (Photos)
Business & Finance

Grand block ceremony held for newbuild Nexans cable layer (Photos)

Nexans and Ulstein have held the grand block ceremony for the new cable-laying vessel (CLV) Nexans Electra, bringing the vessel closer to realization. The ceremony was celebrated on September 10 at CRIST, Poland, with the remaining processes such as engineering, outfitting, system integration, equip

about 2 years ago
C-Power CEO Reenst Lesemann and SLB OneSubsea CEO Mads Hjelmeland joined by colleagues from OneSubsea and Subsea7 at ONS in Stavanger, Norway, to celebrate a joint industry project to test a next-gene
Business & Finance

SLB, Subsea7 partner with C-Power to explore ocean energy solutions for subsea applications

SLB has inked a memorandum of understanding (MoU) with C-Power through its OneSubsea joint venture (JV) to, together with Subsea7, explore using ocean energy as a lower-cost, lower-carbon power source for subsea applications. SLB OneSubsea, the JV backed by SLB, Aker Solutions, and Subsea7, will pro

about 2 years ago
Nexans to link Orkney Islands to UK mainland by 2027
Business & Finance

Nexans to link Orkney Islands to UK mainland in 2027

Following the capacity reservation agreement signed in November 2023, French subsea power cables manufacturer Nexans has officially been awarded a contract by SSEN Transmission to connect the Orkney Islands and the UK mainland. The Orkney Transmission Link will exchange up to 220 MW of renewable ene

about 2 years ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling’s triangular merger move consolidates its jack-up fleet and sorts out funding gap

Shelf Drilling (SHLF) has made a consolidation move, which is structured as a proposed triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed merger, and SHLF as the issuer of the merger consideration shares.

about 2 years ago
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