Business & Finance

Saipem brings sustainability to subsea pipelaying
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said

Swedish offshore wind developer opens call for seabed surveys
Swedish energy company Vattenfall has issued a tender looking for a contractor or contractors to deliver bathymetric survey services at offshore wind sites. Vattenfall plans to sign a framework agreement with the selected company/companies for scheduled and ad-hoc seabed surveys at offshore wind pro

Buckeye Partners to buy Bear Head LNG and clean energy project in Nova Scotia
Texas-based petroleum firm Buckeye Partners will buy Bear Head Energy, which owns an LNG and clean energy development project in Nova Scotia, Canada.

Inpex launches exploration drilling operations offshore Japan
Japan’s oil and gas player Inpex has started exploratory drilling operations offshore Shimane and Yamaguchi prefectures in Japan.

Keppel O&M gets integration contracts for two FPSOs
Singapore’s Keppel O&M has been awarded contracts worth around $181 million from repeat customers for the integration of two FPSOs.

Contract extended for DOF’s high-end subsea vessel until 2024
DOF Subsea has secured a contract extension for the 160-meter long high-end subsea vessel Skandi Africa. The new commitment will commence in direct continuation with the current commitment and will run until February 2024. DOF Group CEO, Mons S. Aase, said: “Skandi Africa is the most sophisticated v

Oilfield services giants win big as Equinor hands out over $2 bln worth of contracts
Equinor is extending its contracts with Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services.

Gulf of Mexico operator to refurbish old production platform for reuse on new deepwater project
LLOG has decided to reuse what was previously the world’s deepest floating production platform for the development of its new deepwater project in the Gulf of Mexico. The repurposed hub is expected to speed up the first oil from the project.

Aker BP becoming operator of all NOAKA discoveries to ensure efficient execution
Equinor and Aker BP have inked a deal for the transfer of operatorship, allowing the latter to take the operator helm in the NOAKA area.

G-tec wraps up Calvados UXO ID and clearance campaign
G-tec has completed the UXO detection and clearance campaign at the Calvados offshore wind farm in France, covering an area of more than 2,200 kilometers. After cross-evaluation of the multi-sensor datasets, combined with historical and site data, the number of anomalies was reduced to few UXO-like

Subsea 7 scores EPIC contract in West Africa
Subsea 7 has won a “substantial” contract for the engineering, procurement, installation, and commissioning (EPIC) of flowlines and umbilicals offshore West Africa. According to the company, project management and engineering have commenced, while offshore operations are scheduled to take place from

Thialf vessel set to embark on removal campaign offshore Ireland
PSE Kinsale Energy is preparing to kick off its platform removal campaign for the Kinsale Head gas fields with Heerema’s Thialf vessel.

Shell’s profit soars on higher oil and gas prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices.

iXblue DriX USV done with work on first French offshore wind farm
iXblue has completed the bathymetric survey at the site of the Saint Nazaire offshore wind farm using its DriX uncrewed surface vehicle (USV). The purpose of the bathymetric survey inspection was to verify the seabed conditions before the deployment of Jan De Nul Group’s jack-up vessel Vole au vent.