Business & Finance

Norwegian govt gives the go-ahead to ConocoPhillips for cross-border North Sea project
Norway’s Ministry of Petroleum and Energy has approved a development plan for the ConocoPhillips-operated cross-border field in the North Sea.

CRP Subsea returning to Gulf of Mexico with ‘major’ deal for buoyancy solutions
Buoyancy and protection products manufacturer CRP Subsea has secured a contract to provide two of its buoyancy solutions in the Gulf of Mexico. According to the company, the engineering works will commence at its buoyancy production facility in the North West of England later this year, with complet

Start of decommissioned North Sea platform’s new lease on life as ‘one of the UK’s largest public art installations’
A decommissioned North Sea platform – SEE MONSTER – is on its way to be reimagined into the world’s first & only repurposed offshore platform.

Lithuanian oil & LNG company entering offshore wind market
Lithuanian operator of oil and liquefied natural gas (LNG) terminals, KN (Klaipėdos Nafta AB), has signed a letter of intent with two companies in the Polish Orlen group, Orlen Neptun I and Energa Wytwarzanie, on cooperation in providing operation and maintenance (O&M) services for offshore wind far

Afreximbank signs deal with UTM Offshore for Nigerian FLNG
African bank Afreximbank has executed a head of terms with UTM Offshore to partially finance a floating liquefied natural gas (FLNG) project in Nigeria.

Shell fails to find hydrocarbons in North Sea well
Shell has failed to find commercial volumes of hydrocarbons in a North Sea exploration well and the well is being plugged and abandoned.

New long-term gig for Siem Offshore in Brazil
Siem Offshore has won a long-term contract for one of its oil spill recovery vessels (OSRVs), which will carry out operations off Brazil

Double contract wins for UK decom player in North Sea and Africa
Northern Ireland-based pipeline decommissioning specialist Decom Engineering has secured two contracts to carry out cutting operations on decommissioning projects in the North Sea and offshore West Africa. According to Decom, the two contracts are worth more than £300,000 and will see the company de

Standard ETC vessel lands new job estimated at over $30k per day
S.D. Standard ETC has been awarded a new contract for a platform supply vessel (PSV) with an undisclosed energy firm.

Well brought on stream as part of Brazilian player’s field revitalisation
PetroRio has started production from a well located in a field within the Northern Campos Basin off the coast of Brazil.

Vaalco plans to keep Borr rig for two more wells in Gabon
Houston-based Vaalco Energy plans to add two more wells to the work scope of a Borr Drilling-owned jack-up rig in Gabon.

Vertech wins major services agreement with Woodside Energy
Inspection, non-destructive testing (NDT) and maintenance packages provider Vertech Group has secured a new long-term major services agreement with Australian energy giant Woodside Energy. The contract is the continuation of the companies’ long-term relationship which commenced in 2011, culminating

Wood to oversee first decom phase of Timor Sea FPSO
Wood has been contracted by the Australian government to supervise the first decommissioning phase of an FPSO in the Timor Sea off Australia.

Survey starting at Scottish floating offshore wind project
A geophysical and environmental survey is set to soon commence at the Salamander floating offshore wind project off the coast of Scotland in the North Sea. The geophysical survey and benthic drop-down video and grab survey activities are expected to commence on 26 July at the earliest and run until