Business & Finance
Danish company lands €5M contract for shore power supply works at BEST terminal
The Port of Barcelona has selected Danish company PowerCon to implement a pilot project that will provide electrical power to ships at the BEST terminal.
Oceaneering secures $300 million in subsea robotics contracts
Oceaneering’s Subsea Robotics segment has won multiple contracts in the third quarter of 2022 with anticipated aggregate revenue of $300 million. The contracts are primarily for remotely operated vehicle (ROV) services delivered from floating drilling rigs and vessels for subsea equipment support, s
Borr Drilling offloads stacked jack-up rig
Offshore drilling contractor Borr Drilling has sold one of its warm-stacked jack-up rigs for a price tag of $120 million.
World’s largest semi-sub rig on its way to UK ahead of North Sea job
A semi-submersible drilling rig considered to be the largest of its type in the world is heading to the UK for its upcoming job in the North Sea.
Russia considering new subsea natural gas links to Türkiye
Russia is considering building extra subsea natural gas pipelines to Türkiye to redirect the flows on the idled Nord Stream pipelines, Bloomberg reported Russian President Vladimir Putin as saying at the Russian Energy Week forum in Moscow. According to Bloomberg, Putin stated that Russia could tran
NZTC gets £2.12M support to demonstrate feasibility of repurposing existing assets to produce green hydrogen
The Scottish Government has awarded £2.12 million (around $2.35 million) to Net Zero Technology Centre (NZTC) from Just Transition Fund (JTF) to support the delivery of the centre’s Hydrogen Offshore Production Project (HOP2). The HOP2 project, which will be delivered over four years, will demonstra
Havila nets new deals for two PSVs
Norwegian offshore vessel operator Havila Shipping has secured new contracts for two of its platform supply vessels (PSVs).
EC greenlights joint control of German LNG Terminal by KfW and Gasunie
The European Commission has approved the acquisition of joint control of German LNG Terminal GmBH (GLNG) by Germany’s national promotional bank KfW and Nederlandse Gasunie, the Dutch energy network operator. Under the EU Merger Regulation, the Commission concluded that the proposed acquisition would
Blyth-based subsea services company gets £7.8 million to buy new assets
Blyth-headquartered seabed intervention and subsea robotics services company Pharos Offshore has secured a £7.8 million funding package from ThinCats to facilitate the purchase of new assets. The funding package is set to allow Pharos to source additional work-class remotely operated vehicles (ROVs)
Fresh extension for Deepsea Yantai semi-sub
Oil and gas company Neptune Energy has extended a contract for the use of the Deepsea Yantai semi-submersible drilling rig in Norway.
EuroAsia Interconnector entering construction phase with launch date set
The inauguration ceremony for the EuroAsia Interconnector, which will connect Israel, Cyprus and Greece with continental Europe, is scheduled to be held on Friday, 14 October. The EuroAsia Interconnector is a multi-terminal VSC-HVDC scheme that will connect the national grids of the three countries
Petrofac to define offtake route for Southern North Sea gas project
Petrofac has been selected by Hartshead Resources to conduct an engineering study to define an offtake route from its Southern North Sea fields.
Kongsberg’s Hugin AUV sports SeeByte software
SeeByte has integrated its SeeTrack multi-domain, command and control software into Kongsberg’s Hugin Superior autonomous underwater vehicle (AUV). According to SeeByte, SeeTrack v4 offers optimal goal-based planning and interoperability with other SeeTrack users and its Open Architecture allows int
Petrofac secures well management job in North Sea
Oilfield services provider Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea-operated assets.