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Business & Finance

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Aker BP gets the all-clear to use Maersk rig on North Sea field
Business & Finance

Inpex adds three assets to Norwegian portfolio

Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex, has completed the acquisition of three assets in Norwegian waters from Norway’s oil and gas company Pandion Energy.

about 11 months ago
Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business & Finance

UAE and Azerbaijan strengthen ties as ADNOC’s XRG expands Caspian Sea footprint

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has set the wheels in motion to join Southern Gas Corridor (SGC) CJSC, which delivers gas resources from the Azerbaijani sector of the Caspian S

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about 11 months ago
ABL chosen to back Greece’s Ionian Islands interconnector project
Business & Finance

ABL chosen to back Greece’s Ionian Islands interconnector project

Energy and marine consultancy ABL has been selected to support the installation of upgraded interconnectors in Greece that are set to improve the energy resilience of the Ionian islands. ABL will act as the marine warranty survey (MWS) services provider to support Hellenic Cables’ installation of su

about 11 months ago
Mermaid Subsea performs ‘fast-track’ subsea recovery project for major operator
Business & Finance

Mermaid Subsea performs ‘fast-track’ subsea recovery project for major operator

Aberdeen-headquartered Mermaid Subsea Services (UK) has completed a fast-track subsea recovery project in the North Sea for what it says is a major operator. The subsea campaign involved the internal and external severance of casing, conductor, guide pipe and cement lines, local seabed excavation, r

about 11 months ago
Petrobras prolongs assignments for DOF and TechnipFMC’s three PLSVs
Business & Finance

Petrobras prolongs assignments for DOF and TechnipFMC’s three PLSVs

Three pipelay support vessels (PLSVs) owned by a joint venture of DOF and TechnipFMC have secured contract extensions with Brazil’s oil and gas firm Petrobras. The current contracts of the 142-meter-long Skandi Vitória and Skandi Niterói have been extended from the fourth quarter of 2025 until the f

about 11 months ago
VIking Lady; Source: Eidesvik Offshore
Business & Finance

Eidesvik’s vessel duo remains on duty with Norwegian oil & gas player

Norwegian offshore vessel owner Eidesvik Offshore is continuing its assignment with Aker BP, a compatriot oil and gas company, thanks to extensions of deals for two of its platform supply vessels (PSVs).

about 1 year ago
Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

2019-built rig staying longer with Equinor in Norwegian waters

Equinor has prolonged a rig drilling assignment off the coast of Norway, which is being undertaken by a semi-submersible rig managed by Odfjell Drilling and owned by Northern Ocean.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Survey results spotlight need for oil & gas windfall tax reform, OUEK says

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has disclosed the results of its survey, which indicate that the Energy Profits Levy (EPL) needs to be tweaked from next year to unlock investments in the offshore energy arena.

about 1 year ago
Italy’s Fincantieri and NextGeo seal the deal for autonomous vehicle development
Business & Finance

Italy’s Fincantieri and NextGeo seal the deal for autonomous vehicle development

Italian shipbuilding group Fincantieri, through its subsidiary Ingegneria dei Sistemi (IDS), and compatriot Next Geosolutions (NextGeo), have signed a memorandum of understanding (MoU) to establish a strategic collaboration for the development of unmanned surface vehicles (USVs) and related technolo

about 1 year ago
Acteon Wynnergy
Business & Finance

Acteon, Wynnergy team up to deliver offshore wind solutions across Asia

UK-headquartered Acteon and Taiwan-based marine solutions provider Wynnergy Marine have signed a strategic Memorandum of Understanding (MoU) to jointly deliver renewable energy projects across the region. The partnership supports offshore wind growth in Taiwan by providing integrated solutions that

about 1 year ago
Solstad and Ocean Installer agree contract extension for advanced CSV, possibly until 2031
Business & Finance

Solstad and Ocean Installer agree contract extension for advanced CSV, possibly until 2031

Norway’s Solstad Maritime has secured a charter party agreement extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, October 29, the f

about 1 year ago
COSL Prospector rig; Source: COSL
Business & Finance

Norwegian giant in the clear for drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations on the Norwegian Continental Shelf (NCS), which will be done with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 1 year ago
Contract with BP takes Oceaneering to Caspian Sea
Business & Finance

Contract with BP takes Oceaneering to Caspian Sea

U.S. subsea engineering and applied technology firm Oceaneering has secured a contract with UK-headquartered energy giant BP for the provision of riserless light well intervention (RLWI) services for the largest oilfield in the Azerbaijan sector of the Caspian basin. Oceaneering‘s Offshore Projects

about 1 year ago
The Oceanic Platform of the Canary Islands (PLOCAN) hosting the launch meeting of the European DESALIFE project.
Business & Finance

Canary Islands name wave-powered desalination project of strategic importance

The Government of the Canary Islands has declared the DESALIFE project a strategic initiative for the region, recognizing it as a “highly innovative and sustainable project, with strong strategic relevance and proven technical feasibility.” According to Ocean Oasis, this recognition marks a mileston

about 1 year ago