Business & Finance
SMD, Van Oord join forces to improve subsea equipment uptime
Subsea robotics designer and manufacturer Soil Machine Dynamics (SMD) and marine contractor Van Oord have entered into a parts and services framework agreement with the aim to reduce downtime and improve efficiencies. As part of the agreement, both companies will share industry insight and knowledge
US Army commissions largest Southeast floating solar array
The U.S. Army has commissioned what is said to be the largest floating solar array in the Southeast United States.
Orcadian pursuing approval of North Sea field development plan
Orcadian Energy has submitted a draft field development plan for the Pilot oilfield located in the UK North Sea to the NSTA.
Aker Solutions and NOV partner up to optimize subsea system solutions
Aker Solutions and NOV have signed a long-term technology cooperation agreement to optimize subsea system solutions, expected to enable sustainable oil and gas, low carbon, and renewable solutions. According to the parties, the joint effort will combine the technology strengths of NOV and Aker Solut
‘Important milestone’ for UK firm as it becomes operator of North Sea FPSO and cluster
Anasuria Operating Company (AOC) has replaced Petrofac as the installation and pipeline operator for a cluster and an FPSO in the North Sea.
More acreage for Shell and APA Corporation off Uruguay
Uruguay’s state-owned ANCAP has awarded three offshore blocks under its 2022 Open Bidding Round to Shell and APA Corporation.
In focus: More countries opting for renewables instead of fossil fuels
More and more countries around the world are preparing to shift to renewable energy and gradually quit the fossil fuel game with dozens of new commitments, projects, and initiatives announced in the week behind us.
Saipem adds another jack-up rig to its fleet
Ocean Challenger, the asset management company of CIMC Raffles, has entered into a charter contract with Saipem for a jack-up drilling rig.
Subsea Integration Alliance staying together for another seven years
Subsea 7 and Schlumberger have signed an agreement to renew the Subsea Integration Alliance for a further seven years and continue to jointly develop subsea solutions for deepwater developments. Subsea Integration Alliance is a non-incorporated alliance between Subsea 7 and OneSubsea, Schlumberger’s
JDR joins Science Based Targets initiative
UK’s JDR Cable Systems has joined the Science Based Targets initiative (SBTi) and has set targets to reduce its emissions and impacts. In its announcement, JDR stated that it is very motivated about plans to grow its business and deliver more cable products and services which will bring more renewab
Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says
Westwood reveals an uptick in offshore E&P investment and rig count with the demand for OSVs resulting in more idle fleets being reactivated.
Italy invests €700M to double interconnection with Greece as first link celebrates 20th birthday
Italian transmission system operator (TSO) Terna is planning to invest €700 million to double the electricity exchange capacity between Italy and Greece, expected to facilitate a higher integration of renewable sources. The plan was announced on the day that Terna celebrated 20 years of the first su
After Cyprus gig, ultra-deepwater drillship from Vantage heading to Africa
Vantage has secured a new contract with TotalEnergies for one of its ultra-deepwater drillships, which is currently operating in the Mediterranean.
Environmental impact assessment provider wanted for Malta-Sicily interconnector
Government-owned InterConnect Malta has launched a tender looking for a provider of an environmental impact assessment for the Italian part of the second Malta to Sicily electrical interconnector. The selected party will be in charge of analyzing the environmental impacts, if any, of the laying of t