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Business & Finance

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VARD delivers Japan-bound hybrid construction and cable laying vessel
Business & Finance

VARD delivers Japan-bound hybrid construction and cable laying vessel

Norwegian ship designer and shipbuilder VARD has delivered a 151-meter-long hybrid construction and cable laying vessel (CLV) to Japanese Toyo Construction, destined for Japan’s offshore wind market. The vessel, named Discovery, was delivered on June 26 from Vard Langsten in Norway, where it was out

about 3 months ago
Rendering of Argentina LNG project; Source: YPF
Business & Finance

Eni widens South American footprint with block trio linked to Argentina LNG

Italy’s energy giant Eni has set the wheels in motion to expand its upstream portfolio with three blocks in Argentina, connected to a liquefied natural gas (LNG) export project planned for development in the South American country.

about 3 months ago
EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’
Business & Finance

EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’

Norway’s Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a fast-track engineering, procurement, construction and installation (EPCI) contract with Vår Energi to execute all subsea umbilicals, risers, and flowlines (SURF) installation activities for the Balder Next New Wells p

about 3 months ago
FPSO; Source: MODEC
Business & Finance

Halliburton, MODEC’s Shape Digital set on enhancing digital asset performance

U.S.-headquartered oilfield services player Halliburton has joined forces with Shape Digital, a spin-off of Japan’s MODEC, to advance digital asset performance management by integrating subsurface and surface intelligence through a unified asset view.

about 3 months ago
A subsea cable stored on a carousel
Business & Finance

Swedes expand cable capacity as part of long-term deal with NKT

Sweden’s Hexatronic Group is investing in a new production line for fiber-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT. The new production line at the Hudiksvall facility will more than double the

about 3 months ago
Noble Viking drillship; Source: Noble Corporation
Business & Finance

TotalEnergies and Petronas embark on ‘major’ oil & gas search in Oceania

France’s energy giant TotalEnergies and Malaysia’s Petronas have kicked off a multimillion-dollar oil and gas exploration campaign off the coast of Papua New Guinea, Oceania. The duo is said to be drilling the country’s first ultra-deepwater exploration well in the Gulf of Papua.

about 3 months ago
Aker Solutions has worked with Cenovus on the White Rose field for more than 20 years; Courtesy of Cenovus Energy
Business & Finance

Multimillion-dollar job on offshore platform and FPSO keeps Aker Solutions busy in Canada

Norwegian energy services provider Aker Solutions has been hired on a long-term assignment to handle engineering and maintenance work on assets located approximately 350 kilometers east of St. John’s, Newfoundland and Labrador, Canada.

about 3 months ago
Illustration; Source: Archer
Business & Finance

Archer in talks to cinch large plug & abandonment deal

Oslo Stock Exchange-listed oil services company Archer is involved in negotiations to secure a multi-year plug and abandonment (P&A) assignment.

about 3 months ago
Nor Spirit; Source: NorTrans Offshore
Business & Finance

SBM Offshore hires Nortrans flotel for long-term gig in Angolan waters

Singapore’s offshore and shipping company Nortrans Offshore has secured a flotel assignment at Block 15 off the coast of Angola with Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities.

about 3 months ago
Cherne is entering a new chapter; Source: DORIS
Business & Finance

DORIS supporting Perenco’s revitalization & electrification mission at Brazil’s offshore platform duo

French engineering, advisory, and project management services company DORIS is working alongside Perenco Brazil, part of Anglo-French oil and gas player Perenco, to bring two offshore platforms that have been offline since 2020 back to life, while employing electrification to cut greenhouse gas (GHG

about 3 months ago
Gjøa; Source: Vår Energi
Business & Finance

TechnipFMC brings integrated approach to Vår Energi’s North Sea subsea projects

Norway’s oil & gas player Vår Energi has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for subsea tie-back development projects in the North Sea. TechnipFMC reported on June 25 the iEPCI contract for the Ofelia and Gjøa Nord projects

about 3 months ago
Aerial view of a vessel at sea
Business & Finance

LNG and decarbonization on Orlen-Naftogaz collaboration’s agenda

Ukraine’s state-owned energy company Naftogaz Group and Poland’s Orlen have teamed up to fortify the liquefied natural gas (LNG) arsenal and efforts to curb greenhouse gas (GHG) emissions in a bid to bolster Ukraine’s energy security and support its energy transition.

about 3 months ago
DOF vessel wins ‘very large contract’ in North America
Business & Finance

DOF vessel wins ‘very large contract’ in North America

DOF Group has secured a “very large” three-year contract in the North America region for its subsea construction, IRM & ROV services vessel Skandi Involver. The 2017-built, 138-meter-long Skandi Involver is a DP3 vessel outfitted with a 400MT and 100MT crane, and integrated ROV and survey services.

about 3 months ago
Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

Path clears for Vantage Drilling-Eldorado merger with end in sight

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has confirmed that its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, is poised to be wrapped up soon.

about 3 months ago
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