Business & Finance
JDR’s new subsea cable factory on track with final grant agreement in place
JDR Cable Systems has reached the final grant agreement under the UK government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland. The agreement means the 69,000 sqm facility is on track to begin c
Wildcat well comes up dry for Equinor
Equinor has concluded the drilling of a wildcat well in the Norwegian Sea but failed to find hydrocarbons.
Orcadian and TGS sign seismic licensing deal
Orcadian Energy, a North Sea oil and gas operator, has entered into a seismic licensing deal with the energy data company TGS to access high-quality seismic data for evaluating the multitude of development opportunities and prospects within its North Sea portfolio. Under the agreement, Orcadian will
French companies join forces on offshore green hydrogen
Green hydrogen technology developer Lhyfe and the offshore engineering and shipbuilding company Chantiers de l’Atlantique have signed a Memorandum of Understanding on the development of offshore hydrogen production platforms. The two companies will collaborate on offshore renewable hydrogen producti
Solstad hands over another vessel to new owner
Solstad Rederi, a subsidiary of Norway’s vessel owner Solstad Offshore, has sold another PSV to a buyer, whose identity was not revealed.
Floatel picks Kongsberg to digitalise its entire fleet
Kongsberg Digital has been hired by Floatel International to handle the digitalisation of its fleet with Vessel Insight.
Cognite exec joining Aker BP as new chief digital officer
Aker BP has appointed a new Chief Digital Officer, who will be joining its executive management team next month.
TotalEnergies buying stake in Adani to bring forth ‘largest green hydrogen ecosystem in the world’
TotalEnergies has inked a deal to acquire a stake in Adani’s subsidiary to produce and commercialize green hydrogen in India.
Norway launches licencing round for oil & gas exploration in predefined areas
Norway’s n Ministry of Petroleum and Energy on Tuesday announced APA 2022 round, encompassing the predefined areas offshore Norway.
SEA-KIT eyes zero-emission vessels with latest USV design
SEA-KIT International has revealed a new uncrewed surface vessel (USV) design said to be the next step towards the company’s goal of zero-emission vessels. The H-class USV, featuring a retractable gondola and dual sensor deployment options, is a highly configurable design based on operational data a
Petrofac bags another five-year deal with UK firm
Petrofac has won a five-year deal with Anasuria Operating Company to assist AOC in optimising the value of its North Sea assets.
First UK carbon storage licencing round opens for bids
The North Sea Transition Authority (NSTA) has launched the UK’s first-ever carbon storage licencing round, with 13 areas available for bids. The areas being offered for licensing are off the coast of Aberdeen, Teesside, Liverpool and Lincolnshire in the Southern North Sea, Central North Sea, Norther
Construction delays, vessel troubles hit Subsea 7’s books
Subsea 7 has updated its Adjusted EBITDA guidance for the full year 2022 following reduced progress on two offshore wind projects and vessel reshuffle at its subsidiary Seaway 7. Seaway 7 announced provisions against the results of project execution of offshore windfarm installations due to increase
Modus launches control room for hybrid autonomous underwater vehicles
UK-based subsea services company Modus has commissioned its control room in Darlington from which it can operate hybrid autonomous underwater vehicles (HAUVs). The control center, located at the company’s headquarters, is a result of a £24 million investment program. Modus has developed the applicat