Business & Finance

Westwood sees five-year offshore EPC spend reaching whopping $276 billion
The oil and gas sector’s offshore EPC spend is expected to total $276 billion, forecasts Westwood Global Energy.

UK offshore wind pioneer buys US marine environmental consultancy
UK offshore wind pioneer Venterra Group has entered the U.S. market with the acquisition of INSPIRE Environmental, a Rhode Island-based marine environmental consultancy. Founded in 2015, INSPIRE collects, interprets and visualizes seafloor data for clients in the offshore wind, ports and marine cons

Pioneering Spirit vessel removes and delivers North Sea platform jacket for disposal – gallery
Allseas and its Pioneering Spirit vessel have completed the removal of Repsol Norge’s massive 30,000-tonne Gyda platform from the North Sea.

Regulatory order for Equinor over maintenance management on North Sea platform
The Norwegian offshore safety regulator followed up an audit of Equinor’s platform in the North Sea with an order to the operator.

Mermaid adds multiple contracts to its to-do list
Mermaid Group has secured multiple contracts through its subsidiaries in Thailand, the Middle East and the United Kingdom with a combined value ranging between $175 and $265 million. The scope of work includes cable laying, inspection, repair and maintenance (IRM), decommissioning, and other related

Eight more Equinor wells lined up for Odfjell rig
Equinor decided to add more wells to the backlog of an Odfjell Drilling-owned rig, which now has eight more wells to drill offshore Norway.

Norwegian giant obtains permit for North Sea well duo
Equinor has secured a permit from the country’s authorities to drill two wells in the North Sea off Norway, using one of Transocean’s rigs.

UAE’s ADNOC and TotalEnergies strengthen ties to ensure energy security
TotalEnergies and ADNOC have expanded their strategic alliance to explore opportunities in energy security, gas growth, and decarbonisation.

UK-based firm records ‘largest ever realised’ crude oil lifting
Panoro Energy has completed a crude oil lifting described as the largest one to date, garnering over $80 million from a single oil cargo.

Saipem rig wraps up drilling ops on Norwegian North Sea field ahead of first oil
Wintershall Dea has finished the drilling campaign at a field in the Norwegian North Sea with Saipem’s Scarabeo 8 semi-submersible rig.

RWE and SolarDuck partner up to commercialize offshore floating solar. Plans laid for integration with offshore wind
RWE, one of the world’s leading companies for renewable energy, and Dutch-Norwegian company SolarDuck have signed a collaboration agreement to develop the use of floating solar parks at sea, while also outlining plans for integration of such power plants with offshore wind farms.

New contract for Subsea Viking
Eidesvik Offshore has secured a five-year contract with Van Oord for the offshore support vessel Subsea Viking. The 103-meter long vessel will be deployed at Van Oord’s projects as a trenching support vessel and will be the main platform for the company’s trencher Dig-It. The contract will commence

Elogen picked for European Commission’s Hydrogen IPCEI
French tech company for PEM electrolysis Elogen said that its project has been selected by the European Commission as part of the Hydrogen IPCEI (Important Project of Common European Interest).

Gasunie picks N-Sea for BBL pipeline survey
N-Sea Offshore has won a contract with Gasunie to deliver offshore acoustic survey services for the BBL subsea pipeline between the Netherlands and the UK. N-Sea will carry out an acoustic survey of approximately 230 kilometers of offshore pipeline in the Southern North Sea, between Balgzand in the