Business & Finance
Vår Energi enters strategic supplier partnership for upcoming subsea projects
Vår Energi has entered into a strategic partnership agreement with Aker Solutions, Havfram and Saipem for the delivery of subsea production systems for all upcoming subsea projects for the next five years. As disclosed, the partnership covers the fabrication, delivery, and installation of subsea pro
Norway supports 5 new shore power projects
Enova, a Norwegian government enterprise, is supporting five new shore power projects in the country with NOK 34 million (about $3.4 million).
Onshore & offshore deals in Middle East bring Saipem $1.25 billion
Saipem has been awarded multiple onshore extensions and new offshore contracts in the Middle East, totalling around $1.25 billion.
Shell joining Equinor’s deepwater Gulf of Mexico project as operator
Equinor has inked a deal to transfer a majority stake and operatorship of its field in the Gulf of Mexico to Shell.
World’s first hybrid-electric anchor handler completes sea trials
Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.
UK’s first HVDC cable factory receives planning approval
The North Ayrshire Council Planning Committee has granted planning permission for XLCC to build the first HVDC subsea cable factory in the UK. The HVDC subsea cable manufacturing facility, which will be located in Hunterston, Scotland, received the planning approval on 29 June. Construction is expec
Faster ramp-up of investments needed to tackle double whammy of energy and climate crises
While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.
Wavepiston targets €2M through equity issue
Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.
Petrobras extends contract for CGG’s dedicated reservoir services center
Oil and gas giant Petrobras has awarded CGG with a four-year contract extension for its dedicated reservoir services center in Rio de Janeiro, Brazil. Under the contract, CGG will continue providing its reservoir characterization workflows, such as geostatistical, 4D and azimuthal inversion, while a
Following production shutdown off Oman, restart anticipated in two weeks
Masirah Oil is putting the wheels into motion to resume production at a field offshore Oman after it was stopped due to oil leakage.
SIMEC Atlantis posts €86 million loss for ‘challenging’ 2021
Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.
Solstad to bank over $54 million from new vessel contracts
Norwegian vessel owner Solstad Offshore has secured contract awards for its construction support vessels (CSVs) Normand Cutter and Normand Sentinel. Normand Cutter has won a contract with an undisclosed client in South America for a firm charter period of 460 days with the possibility of a further 4
Petronas signs deal for Indonesian block to ‘address the growing energy demand’
Petronas has inked a PSC for a block onshore and offshore East Java, Indonesia to develop and explore the block’s hydrocarbon potential.
Sembcorp Marine delivers giant world’s first 8th generation drillship to Transocean
Singapore’s Sembcorp Marine has handed over a newbuild drillship, described as the world’s first eighth-generation drillship, to Transocean.