Business & Finance
Set on diversifying energy sources’ geographic mix, Eni joins peers in posting bumper profits in 2022
After more than doubling its annual profit in 2022, Eni has unveiled a strategic plan forward, putting the diversification of energy sources’ geographic mix at its core.
Wintershall Dea taps Norwegian firm for subsea technology
Norwegian firm Optime Subsea has entered into a long-term framework agreement with oil and gas operator Wintershall Dea regarding the rental of the technology company’s remote-controlled subsea well completion and intervention systems.
With probe into gas leaks on North Sea platform done, Equinor gets regulatory order
Norwegian offshore safety regulator has finished investigating gas leaks on one of the Equinor-operated platforms located in the North Sea.
Offshore wind shines bright for Fugro yet again
Fugro has reported a revenue of €1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. Marine […]
Fugro to repurpose platform suppliers into geotechnical vessels
Netherlands-headquartered Fugro is acquiring two platform supply vessels (PSVs) which will be repurposed into geotechnical vessels. Fugro announced the purchase of 2015-built PSVs Topaz Endurance and Topaz Energy as part of its net zero 2035 roadmap. According to the company, these vessels are signi
Island Offshore’s vessel gets more time with Equinor
Equinor has decided to keep one of Island Offshore’s offshore supply vessels (OSVs) busy for seven more months.
Joint venture formed to own and operate 2009-built subsea vessel
Eidesvik Offshore and Reach Subsea have formed a joint venture for the ownership and operation of the subsea inspection, maintenance, and repair (IMR) vessel Edda Sun, with Eidesvik as the majority stakeholder. Through the formation of the JV, the Norwegian companies have partnered up to acquire the
With largest annual backlog since before 2014 woes hit industry, Transocean envisages ‘multi-year upcycle’
Transocean is anticipating further growth in rig demand over the coming years, which will bring higher day rates and fleet utilisation.
Equinor tasked with tackling five improvement points at Johan Sverdrup
Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified improvement points will be sorted out.
UK government grants £3.8m for world’s first liquid hydrogen autonomous vessel and infrastructure project
The Hydrogen Innovation – Future Infrastructure & Vessel Evaluation and Demonstration (HI-FIVED) consortium led by vessel provider ACUA Ocean in partnership with infrastructure provider Unitrove has won a £3.8 million UK government grant to build and showcase its innovative autonomous vessel and bun
Danish wave energy company reaches crowdfunding target in only one week
Danish company Wavepiston has opened its crowdfunding campaign for overfunding after reaching the initial target of €1.4 million in only one week after the launch of the campaign.
New assignment takes DOF vessel to Brazil
DOF Subsea Brasil has secured a contract for the charter of its research and survey vessel (RSV) Geoholm in Brazil.
World’s biggest maritime cargo carriers join Safetytech accelerator
Some of the world’s biggest maritime cargo carriers are joining forces with the world’s first industrial safety technology accelerator to launch an innovation initiative to reduce cargo loss at sea. The companies joining the accelerator are Evergreen Line, HMM, Maersk, the Offen Group, Ocean Network
New cross-border carbon storage project to explore potential for ship transport and industrial clusters across Europe
Neptune and CapeOmega have announced a project concept for a cross-border CO₂ storage development for industrial emitters across Europe.