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Business & Finance

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Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

Transocean’s backlog stands at $7.2 billion as rig quartet gets more drilling work

Switzerland-based offshore drilling contractor Transocean has secured a new batch of contracts and extensions in Australia, Norway, Ivory Coast, and Brazil for four floaters, encompassing two drillships and two semi-submersible rigs.

about 1 year ago
Hugin A jacket being put into place with Heerema's Sleipnir; Source: Aker BP
Business & Finance

WATCH: Heerema’s largest vessel slides North Sea oil & gas platform’s new jacket into place

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Norwegian oil and gas player Aker BP has made progress in bringing an offshore platform to life by installing a new jacket at an oil and gas development in the North Sea, off the coast of Norway.

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Business & Finance

EU backs green port infrastructure in Papua New Guinea

The European Union (EU) and Papua New Guinea (PNG) have deepened their partnership with the launch of infrastructure projects focused on greening and modernizing Rabaul Port and expanding access to safe water.

about 1 year ago
NKT contracts Helix Robotics to operate 'world’s most powerful' subsea trencher
Business & Finance

NKT contracts Helix Robotics to operate ‘world’s most powerful’ subsea trencher

Denmark-headquartered power cable manufacturer and installation firm NKT has selected Helix Robotics Solutions Limited, the UK robotics division of Helix Energy Solutions Group, as the service provider for what is said to be the world’s most powerful subsea trencher. NKT and Helix Robotics entered i

about 1 year ago
Allseas resumes pipelaying at Dutch CCS project after technical setback
Business & Finance

After one-month technical delay, Allseas resumes pipelaying at first Dutch offshore CCS project

Allseas has resumed pipelaying for the first offshore carbon capture and storage (CCS) project in the Netherlands after a one-month break caused by a technical issue. Allseas’ purpose-built offshore construction vessel (OCV) Oceanic was in charge of a special unexploded ordnance (UXO) survey along t

about 1 year ago
UK's fourth subsea electricity superhighway to sport Siemens ENergy converter stations
Business & Finance

UK’s fourth subsea electricity superhighway to sport Siemens Energy converter stations

Siemens Energy has been appointed as the preferred bidder for the delivery of two high-voltage direct current (HVDC) converter stations for the fourth out of five subsea electricity superhighways between Scotland and England. This news for the Eastern Green Link 4 (EGL4) project comes as National Gr

about 1 year ago
EnerMech
Business & Finance

EnerMech staying on with North Sea operator for two more years

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has landed a contract extension with an undisclosed operator in the North Sea.

about 1 year ago
1999-built Solstad vessel nets contract with Petrobras
Business & Finance

Solstad vessel built in 1999 nets contract with Petrobras

Norwegian shipping company Solstad Offshore has secured a contract with Brazilian oil & gas player Petrobras for a construction support vessel (CSV) built in 1999. The CSV Normand Pioneer will be on a bareboat contract from the vessel owner Solstad Maritime ASA (SOMA) to Solstad Offshore, which is t

about 1 year ago
SPIE Windanker cable work Germany
Business & Finance

SPIE inks another contract with Van Oord for offshore cable work in Germany

Van Oord has signed a contract with SPIE Wind Connect, part of SPIE, for the termination and testing of inter-array cables at the 315 MW Windanker offshore wind farm in Germany. Under the contract, SPIE Wind Connect will be responsible for the termination and testing of 21 61 kV inter-array cables o

about 1 year ago
A large vessel at sea
Business & Finance

ADNOC handing over stake in OMV to affiliate

Abu Dhabi National Oil Company (ADNOC) intends to transfer its stake in Austria’s oil and gas player OMV to XRG, its wholly-owned international investment company.

about 1 year ago
Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

OMV’s Norwegian wildcat ends up being dry

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has drilled a dry well off the coast of Norway, using a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
Sumitomo's UK-produced subsea cables to link Kent and Suffolk
Business & Finance

Sumitomo’s UK-produced subsea cables to link Kent and Suffolk

The UK National Grid has selected Sumitomo Electric Industries as the preferred bidder to supply and install 138 kilometers of subsea cable for Sea Link, a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk. Sumitomo Electric will perform the work out of its manuf

about 1 year ago
FPSO; Source: MODEC
Business & Finance

MODEC gives FPSO decarbonization a leg up with solid oxide fuel cell tech

As part of its toolbox of initiatives aimed at curbing the carbon footprint from its floating production, storage, and offloading (FPSO) fleet, Japan’s MODEC has tasked Eld Energy, a Norwegian fuel cell system company, with the design and manufacture scope of work for a solid oxide fuel cell (SOFC)

about 1 year ago
worker looking at tidal turbines
Business & Finance

UK firm secures almost $5M for Morlais tidal energy demonstrator build

UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group

about 1 year ago