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Business & Finance

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Fugro PTSC
Business & Finance

Extended agreement to keep Fugro busy offshore Vietnam

Fugro has extended its Memorandum of Understanding (MoU) with PTSC Geos & Subesa Services (PTSC G&S) to provide site characterization services to support Vietnam’s offshore wind sector. Under the two-year agreement, Fugro’s full range of marine site characterization services will be deployed with PT

about 2 years ago
Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array
Business & Finance

Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array

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Spanish tidal energy developer Magallanes Renovables has partnered up with Tadek Ocean Engineering for support related to its first commercial-scale tidal energy array. Magallanes secured two contracts in Contracts for Difference (CfD) allocation rounds – the first at the Morlais Demonstration Zone

about 2 years ago
ETAP in North Sea; Source: BP
Business & Finance

Battle for work-life balance continues, as workers gear up for strike action across multiple UK offshore platforms

This wave of strike action will hit several platforms operated by BP, TAQA, CNR, Repsol, Serica, and CNOOC.

about 2 years ago
Japanese hybrid power cable lay & construction vessel to sport Huisman cranes
Business & Finance

Japanese hybrid power cable lay & construction vessel to sport Huisman cranes

Norway’s VARD has awarded Dutch Huisman with a contract to deliver two subsea cranes for a highly customized hybrid power cable lay and construction vessel that it is building for what it says is a leading Japanese construction company. Huisman will deliver a full electric 250mt hybrid boom subsea c

about 2 years ago
Boskalis USA
Business & Finance

Boskalis reports record 2023 with 150% net profit increase; Half of offshore energy revenue came from offshore wind

Boskalis’s offshore energy division saw 50% of its revenue coming from offshore wind in 2023, according to annual results the Dutch dredging and offshore construction specialist released on March 7. Company-wide, Boskalis reported a 20% increase in revenue and a 150% higher net profit than in 2022.

about 2 years ago
Salamanca FPS; Source: Audubon
Business & Finance

US firm gives subsea work on Gulf of Mexico oil development to ABL

ABL has been hired by LLOG Exploration to provide marine warranty survey (MWS) services for a deepwater project in the Gulf of Mexico.

about 2 years ago
Shearwater bags its fifth CCS survey in last two years
Business & Finance

Shearwater bags its fifth CCS survey in last two years

Norway’s Shearwater GeoServices is set to deliver a seismic survey for a carbon capture and storage (CCS) project in the UK during the summer. Shearwater secured a contract for Spirit Energy’s recent carbon storage license award by the UK’s North Sea Transition Authority (NSTA), located in the Morec

about 2 years ago
DOF to recycle Shell’s North Sea subsea infrastructure
Business & Finance

DOF to recycle Shell’s North Sea subsea infrastructure

DOF Group has secured a subsea engineering procurement removal and disposal (EPRD) contract with Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, in the Atlantic region. DOF will deliver an integrated solution of project management, engineering, design, analysis and survey for

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Business & Finance

Noble taps Blue Water to support its rig ops in Suriname

Blue Water Shipping has been hired on a logistics contract in Suriname by Noble Corporation, an offshore drilling giant.

about 2 years ago
Yara invests in electrolysis technology firm to boost hydrogen production
Business & Finance

Yara invests in electrolysis technology firm to boost hydrogen production

As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).

about 2 years ago
Stena Carron drillship drilled one of ExxonMobil's recent discoveries in Guyana; Source: Stena Drilling
Business & Finance

Once sea trials are out of the way, Stena drillship going back to Guyana

One of the drillships owned by Stena Drilling, an offshore drilling contractor, has completed its 15-year special period survey (SPS).

about 2 years ago
Offshore areas’ map for Open Uruguay Round; Source: ANCAP
Business & Finance

As ink dries on signed license off Uruguay, search for partners coming up soon

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off Uruguay.

about 2 years ago
ADNOC
Business & Finance

Deployment of over 30 AI tools brings ADNOC $500 million while slashing emissions

ADNOC has used more than 30 AI solutions across its full value chain to curb its emissions footprint while generating $500 million in value during 2023.

about 2 years ago
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
Business & Finance

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy

A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i

about 2 years ago