Business & Finance

Geotechnical surveys at Hornsea Three to begin in April
Ørsted is set to kick off a geotechnical survey campaign at the Hornsea Three offshore wind project in the UK starting from April. The 90-meter long survey vessel Connector Express will start the survey on 1 April at the project site located off the coast of East Yorkshire, and works are expected to

Carbon Transition inks new Utsira multi-client deal as market ‘significantly’ improves
Norwegian Carbon Transition has entered into a new multi-client seismic data licencing contract with an undisclosed customer.

DeepOcean turns to Vaarst for underwater measuring system
Ocean services provider DeepOcean has purchased its second SubSLAM underwater measuring system from Vaarst, Rovco’s technology spin-off.

Norway sees small increase but deviates from forecast in February output
In comparison to the previous month, Norway’s oil and gas production increased in February 2022, however, it was below NPD’s predictions.

Equinor’s charter of Remøy vessel includes potential upgrade to run on ammonia
Equinor has inked a long-term deal with Remøy Shipping for one of its PSVs with ammonia conversion potential to reduce emissions.

Rovco investing in SMD’s EV Workclass ROV to boost autonomous subsea inspections
Subsea equipment manufacturer Soil Machine Dynamics (SMD) and offshore services provider Rovco have signed a letter of intent (LOI) for next-generation EV Workclass ROV (WROV) technology.

PaleBlue launches new real-time ROV simulator
Norway’s PaleBlue has launched the ROV Engineering Simulator tailored for subsea engineering, design reviews, and accessibility checks of subsea installations with the use of remotely operated vehicles (ROVs). The simulator provides real-time simulation and visualization tools that allow users to se

Offshore drilling focus to pay off for Saipem following new $325 million award
Italian oilfield services contractor Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway.

Norbit bags multiple WINGHEAD multibeam tech orders
Norwegian Norbit Subsea has secured a number of contracts with surveying companies related to its WINGHEAD multibeam technology.

Heerema’s two giant crane vessels switch to green shore power in Rotterdam – gallery
Dutch contractor Heerema Marine Contractors has connected its two giant heavy-lift vessels to a shore power installation in Rotterdam.

Minesto widens 2021 losses
Swedish tidal energy company Minesto has released year-end financial results for 2021, recording a slight increase in net loss when compared to a year before.

MR Deepwater Subsea, OTC combine their services into one-stop-shop
MR Deepwater Subsea and Offshore Technical Compliance (OTC) have joined forces to create a one-stop-shop for real-time monitoring, digital pressure testing and Blowout Preventer (BOP) compliance services. The parties believe that the collaboration will build a wealth of knowledge regarding inspectio

Despite bad weather, Serica wraps up repairs and restarts North Sea field
Following repair and replacement of a subsea control module component, Serica has resumed production from the Rhum field in the UK North Sea.

New JV to reduce subsea work costs in offshore wind, oil & gas industry
UK-based Load Monitoring Systems (LMS) and subsea communications company Aquatec Group have formed a joint venture to reduce the cost of subsea installation, maintenance and decommissioning in the offshore wind and oil and gas industry.