Business & Finance
SMD and SEAJET Systems partner up for subsea technology
SEAJET Systems (SJS) has signed a manufacturing partnership agreement with Soil Machine Dynamics (SMD) for subsea excavation and trenching technology. The partnership will see SMD exclusively build, test and commission the fleet of CFE equipment in its production facility in Wallsend, Newcastle upon
Marine Power Systems collects double crowdfunding boon
Welsh marine energy company Marine Power Systems (MPS) has completed its crowdfunding campaign on Crowdcube, raising over £4 million to further advance its offshore renewable energy technology.
Lime Petroleum farms into two Aker BP’s North Sea licenses
Lime Petroleum, a subsidiary of Rex International, has signed an agreement with Aker BP to acquire 20 per cent interests in the PL867 and PL867B licenses in the North Sea.
WIND buys Offshore Cable Equipment
The Netherlands-headquartered WIND has completed the acquisition of Offshore Cable Equipment (OCE). According to WIND, OCE is a rental/retail company that operates five offshore subsea cable carousels from 300 mt up to 7,000 mt capacity. OCE is set to further develop the engineering of carousels and
Prysmian takes delivery of Leonardo da Vinci
Prysmian has taken delivery of its new 170-meter long cable-laying vessel (CLV) Leonardo da Vinci. Leonardo da Vinci’s first deployment will be the installation of the Viking Link submarine cable connection between the UK and Denmark. The vessel has just arrived at Prysmian’s Arco Felice production
Scorpio Tankers boosts methanol footprint with new investment
Monaco-based tanker operator Scorpio Tankers has taken a minority interest in a group of nine product tankers, including five dual-fuel Medium Range (MR) methanol tankers.
Equinor improves Vigdis recovery by 16 million barrels
A pump on the seabed gives the Equinor-operated Vigdis field in the North Sea a boost that increases production by around 16 million barrels.
Eneti to acquire Seajacks, exits dry bulk sector
Eneti Inc.’s wholly-owned direct subsidiary entered into a binding agreement with Marubeni Corporation, INCJ, Ltd., and Mitsui O.S.K., Lines Ltd. under which Eneti will acquire 100 per cent of Atlantis Investorco Limited, the parent of Seajacks International Limited. Seajacks was founded in 2006 and
Ulstein to convert two Esvagt PSVs to ERRV battery hybrid vessels
Esvagt and Ulstein have entered into a contract for the conversion of two platform supply vessels to ERRV battery hybrid vessels.
Standard Drilling pockets $7.5 million after closing vessel sale
Offshore vessel operator S.D Standard Drilling has completed the sale of one of its platform supply vessels (PSVs).
DNO Norge gets permit for North Sea well
The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to DNO Norge for a well in the North Sea off Norway.
TotalEnergies hires Esvagt vessels for Danish North Sea ops
TotalEnergies is joining forces with Danish offshore vessel provider Esvagt to create the logistics of the future in the Danish North Sea.
Nova gets £2M cash injection from Scottish Government for tidal energy scale-up
Tidal energy company Nova Innovation has been awarded £2 million from the Scottish Government to advance tidal turbine manufacturing to a global level.
Aker BP’s Hod platform set for installation in North Sea
The topside of the platform for the Hod field is transported today from Aker Solutions yard to the Aker BP-operated field in the North Sea.