Business & Finance
GTT wraps up 2021 with 68 LNG carrier orders
French LNG containment specialist Gaztransport & Technigaz (GTT) reports solid earnings at high-end of annual targets for 2021, with 68 LNG carrier orders, amongst others.
Fugro reports positive year despite ongoing pandemic impacts
Fugro has reported a revenue increase of 5.8% for the financial year 2021 compared to 2020, accompanied by a 21% revenue increase from renewables, led by buoyant offshore wind activity levels. EBITDA for the full year increased to €175.6 million, said to be driven by improvements in Europe-Africa an
Repsol gains consent for North Sea field life extension
Norwegian offshore safety regulator has granted Repsol consent for life extension for a field located in the North Sea off Norway.
Wilhelmsen buys into Reach Subsea to scale up remote subsea ops
Norwegian maritime group Wilhelmsen has acquired a 21% stake in the compatriot subsea contractor Reach Subsea to position itself in the renewable value chain and explore the remote subsea concept.
Denmark seeks public input on environmental impact of North Sea field development
The Danish Energy Agency has sent for consultation an EIA report for the development and operation of a field in the North Sea.
Noble counts on meaningful growth ahead as rigs secure more work
Noble Corporation has secured more work for its rigs, including a conditional award for four drillships working for ExxonMobil in Guyana.
World first as hybrid Modus AUV lands in Equinor’s subsea docking station
The UK-based Modus Subsea Services has completed autonomous docking of one of its hybrid autonomous underwater vehicles (HAUV) to an Equinor subsea docking station (SDS), representing a world’s first. The HAUV system, based on a Saab Sabertooth AUV, successfully docked subsea to the SDS in the North
Full value-chain offering from Aker and Northern Lights to speed up CCS deployment
Aker Carbon Capture has joined forces with Northern Lights JV to work on accelerating the CCS market through full value-chain offerings.
Fugro to investigate Hornsea Three and Four offshore wind sites
Fugro has won a contract by Ørsted to carry out geotechnical site investigations at the Hornsea Three and Hornsea Four offshore wind projects in the UK. The site investigations will include downhole cone penetration testing (CPT), seismic cone penetration testing (SCPT), downhole sampling and high-q
Reach Subsea gets OBN call from the Mediterranean Sea
Reach Subsea has won a contract to perform an ocean bottom node (OBN) campaign in the Mediterranean Sea for an undisclosed client. The activities will be performed by the Havila Subsea spread, with start-up expected early in Q2 2022, representing around 130 project days. Reach Subsea extended the co
Record green hydrogen investment made for Hy2gen
Technip Energies, Hy24, Mirova, and CDPQ have jointly made a record €200 million investment in Germany-based green hydrogen production company Hy2gen.
Johan Castberg FPSO finally sets off to Norway – gallery
Singapore’s Sembcorp Marine has completed the Johan Castberg FPSO hull for Equinor and the vessel is now on its way to Norway.
Borr Drilling believes rig day rates will increase
Borr Drilling has converted several LOAs into contracts, secured a couple of new deals, and postponed delivery dates for five newbuilds.
Van Oord picks Sofia inter-array cable supplier
Hellenic Cables has won a contract by Van Oord Offshore Wind UK for the supply of 66 kV inter-array cables and accessories for the 1.4 GW Sofia offshore wind project in the UK. Under the contract, Hellenic Cables will design, engineer, manufacture, test and supply approximately 360 kilometers of 66