Subsea7 has awarded the Netherlands-based Huisman with a contract to deliver a full electric offshore mast crane for one of its pipelay vessels that will be deployed for deep water installations. The 500mt offshore mast crane will be equipped with a passive and active heave compensation system on th
Argeo’s subsea vessel Argeo Searcher has completed a job in Nigeria for Shell and is now set to mobilize for work in the Indian Ocean. In its most recent vessel schedule, Argeo reported that its backlog update was currently running at around NOK 550 million (over $52.3 million), with a further sales
Trident Energy has embarked on a three-well infill drilling campaign on Block G offshore Equatorial Guinea.
Aker BP and Equinor have found more oil in one well drilled in the North Sea, using Odfjell Drilling’s semi-submersible rig.
Japan-headquartered Sumitomo Electric Industries has received approval for its plans to establish a power cable factory in Scotland. The Highland Council’s north planning applications committee approved the planning permission for the new high-voltage cable factory near Inverness last week. The deve
Africa Oil Corp. has tucked the final approval under its belt for the acquisition of additional interest in a block it operates in the Orange Basin off South Africa.
Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and
Reach Subsea has increased its order backlog by securing new contracts, extending existing ones, and receiving call-offs within current frame agreements in the North Sea and the Americas region. Reach Subsea has landed contracts worth more than NOK 570 million (around $55 million), mainly starting i
TotalEnergies is getting ready to bring on stream the Tyra II redevelopment project in the Danish sector of the North Sea in March 2024.
Magnora is setting apart its FPSO segment from the renewables business, splitting them apart due to the considerable growth in profits from renewables.
ABB has been hired for the delivery of a complete electrical system and associated digital solutions on ExxonMobil’s Guyana-bound FPSO.
Ulstein Verft has completed the conversion of a 2015-built platform supply vessel (PSV) into a geotechnical survey vessel for Fugro, representing one out of two vessel transformation tasks it has on its to-do list. Ulstein Verft finished the conversion of the Fugro Resilience at the end of 2023, on
HMH has entered into a long-term contractual services agreement (CSA) with Constellation Oil Services, a Brazilian drilling contractor.
Denmark’s European Energy and Japan’s Mitsubishi HC Capital have entered into an agreement in which Mitsubishi will acquire a 20% stake in European Energy. Specifically, Mitsubishi HC Capital will subscribe to approximately 72 million new shares in European Energy, and additionally, will purchase ar
