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Business & Finance

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AKOFS vessel secures more work with Petrobras under $246 million contract
Business & Finance

AKOFS vessel secures more work with Petrobras under $246 million contract

AKOFS Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services, has secured a firm contract for one of its vessels that ensures it will continue working for Brazilian oil & gas giant Petrobras. Following a competitive tender process that resulted in

about 1 year ago
A North Sea platform
Business & Finance

Tenaz gains access to ‘highly prospective’ North Sea gas assets in $244M deal

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Canada’s public energy company Tenaz Energy has acquired a private company holding interests in an offshore development on the border between the Dutch and German sectors of the North Sea.

about 1 year ago
DOF orders work-class ROV for its Brazilian operations
Business & Finance

DOF orders work-class ROV for its Brazilian operations

Norwegian vessel owner DOF Group has placed an order with UK’s Forum Energy Technologies (FET) for a work-class remotely operated vehicle (ROV) with a supporting tether management system. The equipment, expected to be delivered late this year, will support DOF’s subsea operations in Brazil. Accordin

about 1 year ago
ABL gets marine warranty role for UK’s subsea green electricity superhighway
Business & Finance

ABL gets marine warranty role for UK’s subsea green electricity superhighway

Energy and marine consultancy ABL has been selected to provide marine warranty survey services to support the installation of Eastern Green Link 2 (EGL2), said to be the UK’s largest electricity transmission project and the longest high voltage direct current (HVDC) cable. Developed by a joint ventu

about 1 year ago
Illustration: Source: Wood Mackenzie
Business & Finance

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 1 year ago
Living Stone cable installation vessel at sea, with wind turbines in the background
Business & Finance

DEME to install inter-array cables on new German offshore wind farm

DEME has secured a contract for the transport and installation of inter-array cables on the 900 MW Nordseecluster B offshore wind farm in the German North Sea, owned by RWE (51%) and Norges Bank Investment Management (49%). Under the contract, the Belgian offshore construction specialist will transp

about 1 year ago
Man pointing at offshore platform
Business & Finance

New partner joins TotalEnergies’ CO2 storage project off Denmark

The Danish subsidiary of France’s energy giant TotalEnergies has signed a farm-down agreement with CarbonVault, an affiliate of the German cement producer SCHWENK, for a carbon capture and storage (CCS) project in the Danish sector of the North Sea.

about 1 year ago
Transocean Norge; Source: Transocean
Business & Finance

Harbour Energy obtains go-ahead for North Sea drilling ops with Transocean rig

Harbour Energy has secured a permit to spud a wildcat well in the Norwegian sector of the North Sea, which will be done with a semi-submersible rig owned by Transocean.

about 1 year ago
Prysmian’s Monna Lisa to connect Italy and Tunisia
Business & Finance

Prysmian’s Monna Lisa to connect Italy and Tunisia

Italy’s transmission system operator (TSO) Terna and Tunisian counterpart STEG have selected Italian cabling giant Prysmian for the construction of a submarine power interconnection between the two countries. The Elmed project will be the first direct current connection between Europe and Africa and

about 1 year ago
Illustration; Source: Shell
Business & Finance

Shell flows first gas from North Sea field

Shell has kicked off production from a gas field in the North Sea, which is expected to help maintain domestically produced gas for Britain’s homes, businesses, and power generation.

about 1 year ago
Windward Offshore takes delivery of its first green methanol-ready CSOV
Business & Finance

Windward Offshore takes delivery of its first green methanol-ready CSOV

Vard has delivered the first commissioning service operation vessel (CSOV) to Windward Offshore, Windward Athens, which marks the German company’s entry into the offshore wind operations & maintenance (O&M) market. Windward Offshore has three more CSOVs under construction at Vard. Built by Vard in N

about 1 year ago
Alotta floating solar
Business & Finance

Norwegian floating solar firm lands €5.4M for global expansion

Norwegian floating solar company Alotta has raised NOK 63.5 million (around €5.4 million) to accelerate international expansion following a 15-year power purchase agreement (PPA) with Mowi Chile, the world’s largest salmon farmer. According to Alotta, the deal covers renewable power supply to Mowi’s

about 1 year ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business & Finance

North Sea operator raises its stake in UK gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has completed its acquisition of an additional stake in a gas field on the UK Continental Shelf (UKCS).

about 1 year ago
Prysmian preferred bidder to get €2B contract for major UK interconnector
Business & Finance

Prysmian preferred bidder to get €2B contract for major UK interconnector

Great Britain’s transmission owners National Grid Electricity Transmission and SP Energy Networks have selected Italian cabling giant Prysmian as the preferred bidder for the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland

about 1 year ago