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Business & Finance

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New joint project aims to bring subsea chemical storage technology to deployment
Business & Finance

New joint project aims to bring subsea chemical storage technology to deployment

Oilfield services company NOV has launched a joint industry project (JIP) with Norwegian state-owned energy firm Equinor and Brazil’s oil & gas company Petrobras to work together on qualifying subsea chemical storage technology toward field deployment. The JIP is progressing an up to 200m3 subsea st

about 7 months ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Go-ahead for North Sea drilling ops with Saipem’s rig

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Norwegian authorities have given the all-clear for drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NCS), with a rig owned by Saipem, an Italian engineering, drilling, and construction services giant.

about 7 months ago
IKM Testing to gauge pipeline for first offshore CCS project in UK
Business & Finance

IKM Testing to gauge pipeline for first offshore CCS project in UK

North east Scotland-based IKM Testing UK has been appointed to deliver pipeline pre-commissioning services for the UK’s first offshore carbon capture and storage (CCS) project, being developed on England’s east coast. Developed some 75 kilometers east of Flamborough Head, the Northern Endurance Part

about 7 months ago
Illustration; Source: Europa Oil & Gas
Business & Finance

License extension out of the way for Irish gas prospect as partner hunt continues

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has secured a license extension for a natural gas prospect off the coast of Ireland.

about 7 months ago
Kraken Robotics buying Sonardyne and EIVA’s parent company for $615 million
Business & Finance

Kraken Robotics buying Sonardyne and EIVA’s parent company for $615 million

Canada-headquartered marine technology player Kraken Robotics is set to acquire the UK’s Covelya Group, the parent company of Sonardyne International and EIVA, among others. Covelya Group designs, manufactures, sells and supports high-performance underwater technology for maritime defense and commer

about 7 months ago
Serica Energy
Business & Finance

New oil & gas UK offshore hub for Serica with TotalEnergies’ assets in the bag

UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of an interest in West of Shetland gas fields and assets from France’s energy giant TotalEnergies. The move expands the British player’s footprint on the UK Continental Shelf (UKCS).

about 7 months ago
DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines
Business & Finance

DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines

Accredited registrar and classification society DNV has issued a recommended practice for offshore hydrogen pipelines, supporting safe design, operation and requalification of pipeline infrastructure in hydrogen service. The DNV-RP-F123 Hydrogen pipeline systems recommended practice addresses hydrog

about 7 months ago
LNG carrier Kool Kelvin (for illustration purposes); Source: CoolCo
Business & Finance

CoolCo’s nine LNG vessels sport revamped propulsion drives

Switzerland-based electrification and automation technology provider ABB has upgraded propulsion systems across a fleet of liquefied natural gas (LNG) carriers (LNGCs) owned and operated by Cool Company (CoolCo).

about 7 months ago
Dutch firm takes over management of 40-meter catamaran research vessel
Business & Finance

Dutch firm takes over management of 40-meter catamaran research vessel

Dutch offshore services company Mark Offshore is set to manage and operate a catamaran research vessel for offshore renewables, marine survey and nearshore energy projects under an agreement with Lithuania’s Klaipėda University. Built in 2014, the 40-meter DP1 subsea support vessel Mintis has suppor

about 7 months ago
UK union urges talks before offshore drillers and contractors down tools
Business & Finance

UK spotlights British steel, AI, shipbuilding, and energy infrastructure as priority for govt deals

The United Kingdom (UK) has made a move to designate British shipbuilding, steel, artificial intelligence (AI), and energy infrastructure as priority sectors for government contracts, as these are perceived to be key industries required to ensure national security.

about 7 months ago
New IMCA president comes from DEME
Business & Finance

New IMCA president comes from DEME

The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME Offshore Energy, as its new president, succeeding Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem. According to IMCA, Bouvy has served as the Managing Director of the

about 7 months ago
Brage platform; Source: OKEA
Business & Finance

North Sea oil discovery adds low-cost barrels for OKEA with resource estimate boost

Norway’s oil and gas company OKEA has upped the recoverable resource estimates from discoveries at an oil field in the Norwegian sector of the North Sea.

about 7 months ago
Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands
Business & Finance

Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands

Italian cabling giant Prysmian, as the main contractor, has completed all subsea cabling in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, with its cable-laying vessel (CLV) now moving to Dutch waters. F

about 7 months ago
LNG vessel; Source: GTT
Business & Finance

Chinese shipyard books GTT for tank design of LNG vessel quartet

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for four liquefied natural gas (LNG) carriers (LNGCs) with China’s Hudong-Zhonghua shipyard.

about 7 months ago