Business & Finance

After fast-track removal, Pioneering Spirit takes latest Valhall load to Stord
Pioneering Spirit is back in Stord, Norway to deliver multiple decommissioned platform facilities removed from the Valhall field complex, located in the North Sea.

Plans are in motion to fully develop New Zealand gas field
Beach Energy plans to further develop its Kupe gas field, located offshore New Zealand, by drilling of up to two development wells.

New offshore cable logistics and rental firm coming to market
UK’s Swan Hunter and the Norwegian PASSER Group have agreed to merge their cable rental and logistics operations into a new company that will service the offshore energy sector. PASSER LARS (Logistics And Rental Solutions) will provide existing and new clients within the offshore energy markets with

Empyrean makes up its mind to drill ‘robust and large’ target off China
Empyrean has made up its mind to embark on the second phase of exploration drilling in Block 29/11 to drill another prospect offshore China.

Industry invited to help develop renewable energy zone in Australia
Energy project developers and businesses with large electrical loads have been invited to express their interest and take part in developing a major renewable energy zone in Australia. The government of the New South Wales (NSW) plans to deliver the state’s first five Renewable Energy Zones (REZs) i

Fresh Barents Sea discovery gives Equinor option for another Castberg tie-back
Equinor has made a minor oil and gas discovery in the Barents Sea and will consider a tie-back to its operated Johan Castberg field.

Sneak peek: World’s first long-range autonomous research vessel
Plymouth Marine Laboratory has revealed designs for what is said to be the world’s first long-range autonomous research vessel, capable of collecting data for research into climate change, biodiversity, fisheries and biogeochemistry. Plymouth-based M SUBS Ltd was commissioned to design the 24-meter

Norwegian floater slated for extensive upgrade while operating offshore
OSM Offshore has been tasked with carrying out upgrade modifications on an FSU, which is deployed at Equinor’s field in the Norwegian Sea.

DeepOcean to upgrade subsea vessel to battery power for renewed charter
DeepOcean has entered into a new two-year time charter agreement with Norwegian shipowner Volstad Maritime for the Volantis subsea construction vessel, with plans to upgrade it to battery power. The vessel will be upgraded with battery power notation before commencing the contract in the first quart

Newly converted platform to be deployed at Perenco fields off Trinidad and Tobago
Perenco has launched a new platform, which is expected to be installed in the Teak, Samaan and Poui fields offshore Trinidad and Tobago.

Partners starting workover campaign to restore shut-in well at Australian oil field
Workover operations are starting with an aim to restore production from a well on the Cliff Head oil field located offshore Australia.

First Baltic Pipe onshore section passes technical acceptance
GAZ-SYSTEM has completed the technical acceptance of the Ciecierzyce – Lwówek gas pipeline in Poland, one of the onshore sections of the Baltic Pipe, ahead of schedule after 18 months of construction. The Ciecierzyce – Lwówek gas pipeline is 69 kilometers long and its route passes through six commun

Well-Safe Solutions welcomes latest fleet addition as it closes purchase of Awilco rig
Awilco Drilling has wrapped up its sale of a semi-submersible drilling rig to its compatriot Well-Safe Solutions.

Asso’s new trenching support vessel ready for first gig after phase one conversion
Asso Group’s recently acquired vessel Athena, previously known as SBM Installer, has completed its phase 1 conversion upgrade and is currently on its way to its first assignment. After a maintenance plan following the acquisition, Athena emerged from the shipyard ready for its first deployment as pa