Business & Finance
AUV manufacturer places subsea battery order with Kraken
Kraken Robotics has received a follow-on order for subsea batteries from a manufacturer of autonomous underwater vehicles (AUVs). The order is valued at $1.1 million and is a follow-on from a $4.8 million order from the same customer earlier this year. Delivery is expected in the fourth quarter of t
Five shipowners to provide supply vessels for Equinor
Equinor has awarded six contracts to five shipowners, for a total value estimated at more than NOK 2.5 billion including options.
Transocean adds more work to its backlog
Transocean has secured more work for its fleet of rigs in the Gulf of Mexico, Brazil, Suriname, Norway, the UK, and India.
Reach Subsea gets first post-pandemic job in Trinidad and Tobago
Norway’s Reach Subsea has secured a “larger” contract as well as several contract extensions that encompass projects in Trinidad and Tobago and Northern Europe. According to Reach Subsea, the contracts are an indication of good development in terms of utilization of its resources for Q4 2022 and int
Furetank sells two dual-fuel tankers
Swedish shipping company Furetank has sold two duel-fuel product tankers from the Vinga Series to Finnish oil refining and marketing company Neste.
Danish company lands €5M contract for shore power supply works at BEST terminal
The Port of Barcelona has selected Danish company PowerCon to implement a pilot project that will provide electrical power to ships at the BEST terminal.
Oceaneering secures $300 million in subsea robotics contracts
Oceaneering’s Subsea Robotics segment has won multiple contracts in the third quarter of 2022 with anticipated aggregate revenue of $300 million. The contracts are primarily for remotely operated vehicle (ROV) services delivered from floating drilling rigs and vessels for subsea equipment support, s
Prosafe firms up Gulf of Mexico gig
Following a letter of award in September 2022, Prosafe has firmed up a deal for the provision of one of its units in the U.S. Gulf of Mexico.
Borr Drilling offloads stacked jack-up rig
Offshore drilling contractor Borr Drilling has sold one of its warm-stacked jack-up rigs for a price tag of $120 million.
World’s largest semi-sub rig on its way to UK ahead of North Sea job
A semi-submersible drilling rig considered to be the largest of its type in the world is heading to the UK for its upcoming job in the North Sea.
Equinor produces first oil from new platform in Brazil
Equinor’s new platform in Brazil, Peregrino C, produced its first oil on 10 October. This is Equinor’s largest operated field outside Norway.
Russia considering new subsea natural gas links to Türkiye
Russia is considering building extra subsea natural gas pipelines to Türkiye to redirect the flows on the idled Nord Stream pipelines, Bloomberg reported Russian President Vladimir Putin as saying at the Russian Energy Week forum in Moscow. According to Bloomberg, Putin stated that Russia could tran
ADNOC hires two jack-up rigs for nearly $1 bln to further unlock UAE’s offshore resources
UAE’s energy giant ADNOC has awarded a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs.
NZTC gets £2.12M support to demonstrate feasibility of repurposing existing assets to produce green hydrogen
The Scottish Government has awarded £2.12 million (around $2.35 million) to Net Zero Technology Centre (NZTC) from Just Transition Fund (JTF) to support the delivery of the centre’s Hydrogen Offshore Production Project (HOP2). The HOP2 project, which will be delivered over four years, will demonstra