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Business & Finance

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Spanish researchers unveil 'promising solution for offshore solar energy' based on dual-axis tracker and TLP
Business & Finance

Spanish researchers unveil ‘promising solution for offshore solar energy’ based on dual-axis tracker and TLP

Researchers from the Spanish University of Oviedo have developed a new offshore solar energy concept that combines a dual-axis tracking system and a tension leg platform (TLP), deemed as a “promising solution for offshore solar energy”. The novel offshore FPV system named HelioSea leverages the comb

about 2 years ago
Offshore Energies UK (OEUK)
Business & Finance
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With Labour’s windfall tax plan seen as ‘hammer blow’ to UK’s energy security and decarbonization, concerns over job loss on the rise

The dust has not settled yet over the Labour Party’s proposals to extend the windfall tax on UK oil and gas producers,

about 2 years ago
Illustration; Source: Bureau Veritas
Business & Finance

Interview with Bureau Veritas: US LNG permitting freeze could unleash upsurge in renewables and hydrogen

two representatives from Bureau Veritas have provided their take on the current energy trends, highlighting that renewables and hydrogen are positioned to reap the benefits from the recent U.S. liquefied natural gas (LNG) permitting pause.

12 minutes read
The vessel Eidesvik
Business & Finance

Eidesvik and Agalas shake hands for low-emission Türkiye-built vessel

Eidesvik Offshore and Agalas have entered into an agreement to build a new, low-emission construction support vessel (CSV) that will be equipped to perform inspection, maintenance and repair (IMR) work. The vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the

about 2 years ago
Floatel Endurance; Source: Floatel International
Business & Finance

Aker BP cleared to deploy floatel off Norway

Aker BP consent to use one of Floatel’s semi-submersible accommodation and construction support vessels at a field offshore Norway.

about 2 years ago
Nexans outperforms 2023 target, makes considerable progress on sustainability agenda
Business & Finance

Nexans outperforms 2023 target, makes considerable progress on sustainability agenda

In the year in which it saw “considerable progress” on its sustainability agenda, Nexans has reported a “historic high” adjusted EBITDA of €665 million for the 2023 financial year, a +8.2% increase year-on-year, outperforming the target. Nexans’ EBITDA including share-based payment expenses amounted

about 2 years ago
Noble Integrator jack-up rig; Source: Noble Corporation
Business & Finance

Aker BP gearing up to spud North Sea well with Noble rig

Aker BP has received consent to use one of Noble Corporation’s jack-up rigs for exploration activities in the North Sea off Norway.

about 2 years ago
Public feedback sought for planned interconnector between Ireland and Wales
Business & Finance

Public feedback sought for planned interconnector between Ireland and Wales

A series of public consultation events is being held this month to discuss the proposed MaresConnect electricity interconnector between Ireland and Wales. MaresConnect will comprise a cable route of approximately 245 kilometers under the sea and underground between Dublin in Ireland and Bodelwyddan,

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor getting ready to embark on North Sea drilling ops with Odfjell rig

Equinor has received consent from the country’s offshore safety regulator to use one of the semi-submersible rigs owned by Odfjell Drilling.

about 2 years ago
Illustration; Source: MSI
Business & Finance

Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.

about 2 years ago
'Substantial' iEPCI win for TechnipFMC with Shell
Business & Finance

‘Substantial’ iEPCI win for TechnipFMC with Shell

TechnipFMC has secured a contract with Shell for what is said to be the first integrated engineering, procurement, construction, and installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K). Under the contract deemed as “substantial”, TechnipFMC will m

about 2 years ago
Valaris DS-17 drillship; Source: Equinor
Business & Finance

Valaris rigs collect $1.2 billion for drilling jobs spanning geographies

Valaris has landed a batch of new contracts and extensions across multiple geographies for three floaters and six jack-ups in its rig fleet.

about 2 years ago
UK oil & gas engineering services firm gets more North Sea work
Business & Finance

Multiple P&A activities on the list for UK firm under £1 million contract

UK-headquartered oil and gas engineering services business Plexus Holdings has secured a contract valued at over £1 million to deliver equipment and services for multiple plug and abandonment (P&A) activities in the North Sea. Under the contract with an undisclosed client, Plexus will provide Exact

about 2 years ago
Fugro settles in South Korea
Business & Finance

Fugro settles in South Korea

Fugro has opened a new office in South Korea as part of a joint venture with South Korean marine technology company UST21 in support of the local offshore wind sector. The new office called Fugro UST21 and located in Incheon will provide geo-data solutions for South Korea’s offshore renewable energy

about 2 years ago