Business & Finance
DeepOcean named Aker BP’s preferred supplier of subsea operations
Norwegian operator Aker BP has appointed DeepOcean as the preferred supplier of subsea operations related to inspection, intervention, repair, survey and emergent operations together with associated onshore engineering and project management services. The parties have a joint commitment to cooperate
Latest FPSO deal puts Asian contractor’s order book at record high
Dyna-Mac has been awarded a new contract, bringing its net order book to S$641.1 million or around $463.6. million.
U.S. firm teams up with Korean player to pursue energy projects in North America
W&T Offshore has joined forces with Korea National Oil Corporation (KNOC) to explore energy-related projects in North America.
Wood and Nauticus come together for eco-friendly subsea infrastructure maintenance
Nauticus Robotics and Wood have signed a Memorandum of Understanding (MoU) focused on developing combined services with cost-efficient and environmentally friendly maintenance of end customers’ subsea infrastructure. Nauticus and Wood stated that their shared objective is to increase the value creat
Chevron joins JV for development of offshore carbon capture and sequestration hub
Talos, Chevron, and Carbonvert have inked a deal for a proposed joint venture expansion to enhance a hub-scale CCS project offshore Texas.
Energean’s FPSO for Israeli project sails away from Singapore
Energean has revealed that its FPSO for the Karish project located offshore Israel has sailed away from Singapore.
ZTT loads out subsea cable for Filipino interconnector
China’s ZTT Submarine Cable & System has completed the factory acceptance test and cable load out of 60 kilometers of 230kV subsea cable for the Negros-Panay interconnector project in the Philippines. ZTT is in charge of delivering marine survey, design, supply, and lay-off of three submarine XLPE c
Santos’ Pavo well proves to be ‘stellar exploration success’
Santos-operated Pavo-1 well located off Australia has proved the existence of a substantial volume of light oil in excellent quality reservoirs.
C-Innovation nets another multi-year riserless light well intervention contract
C-Innovation, an affiliate of Edison Chouest Offshore (ECO), has signed a two-year contract for continued riserless light well intervention (RLWI) services onboard the offshore support vessel Island Venture. The new contract follows a previous agreement in which the Island Venture performed interventi
Petrobras kicks off production from giant Mero field
Petrobras has started producing oil and natural gas through FPSO Guanabara, the first definitive production system installed in the Mero field.
UK govt backs ship-shore integration project with £1.06 million
Maritime Research and Innovation UK (MarRI-UK) has granted a £1.06 million (around $1.33 million) funding to a consortium of nine organisations led by MSE International, a non-profit cluster organisation dedicated to marine decarbonisation, as part of the Smart Maritime Land Operations Call.
All approvals secured for Lundin Energy-Aker BP merger
Lundin Energy and Aker BP have received all necessary governmental approvals for the merger between Lundin Energy’s E&P business and Aker BP.
Subsea Technology & Rentals settles in Houston
UK-headquartered Subsea Technology & Rentals has officially opened its new facilities in Houston, the United States. According to STR’s CEO Steve Steele, the investment of over $1.5 million in the new purpose designed facilities will provide the company with the platform to attract the best talent,
WATCH: Njord A platform returns to the field after major revamp
After nearly six years, Equinor has completed the renovation of its Njord A platform and towed it to the Norwegian Sea.