Business & Finance
Havfram to back Saipem at Zohr field
Havfram, formerly known as Ocean Installer, has won a contract with Saipem to provide SURF support work offshore Egypt. Havfram will support Saipem with its installation of 160 kilometers of umbilical product in over 1,400-meter water depth on the Zohr North development this year. The scope includes
U.S. offshore rig count takes a nosedive
The number of offshore rigs in the U.S. took a steep downward plunge last week and went down by 4 units, based on Baker Hughes’ report.
In focus: Industry working to realise hydrogen and CCS markets potential via cross-sector collaboration
The interest in hydrogen and CCS value chains has been picking up, evident through various projects and collaborations revealed this week.
Lamprell awaits large contract award from Saudi operator
Lamprell is anticipating a contract award for the full scope of work required for the construction of multiple jack-up lift barges.
Malta launches tenders for pipeline to Italy in push to end gas isolation
A company from Malta has launched three tenders seeking services for a 159-kilometer long interconnector that will connect the island to Italy, ending its gas isolation with the connection to the trans-European Gas Network.
ADNOC dishes out drilling deals worth nearly $2 bln for thousands of new wells
UAE’s ADNOC has awarded framework agreements to four oilfield services providers valued at $1.94 billion to enable drilling growth.
ADNOC adds ROVs to its operations
UAE’s Abu Dhabi National Oil Company (ADNOC) has introduced remotely operated vehicles (ROVs) to its operations, targeting easier and safer underwater safety inspections. ADNOC stated that the move comes as using ROVs reduces human exposure to underwater hull inspections, which is in line with the c
Lukoil increases stake in BP’s Shah Deniz after closing Petronas deal
Lukoil has completed the acquisition of Petronas’ interest in the BP-operated Shah Deniz natural gas project in the Caspian Sea.
GTT wraps up 2021 with 68 LNG carrier orders
French LNG containment specialist Gaztransport & Technigaz (GTT) reports solid earnings at high-end of annual targets for 2021, with 68 LNG carrier orders, amongst others.
Polar Onyx delivered to new owner
Norwegian shipowner GC Rieber Shipping has delivered the SURF, construction vessel Polar Onyx to the new owner.
Prysmian buys Massachusetts’s former coal power plant site to build offshore wind cable factory
Italy-based subsea power cable supplier, Prysmian, has signed a purchase agreement with Commercial Development Company (CDC) for a site at Brayton Point in Somerset, Massachusetts, which housed a now-closed coal-fired power plant and will soon be home to a $200 million offshore wind cable factory. P
Fugro reports positive year despite ongoing pandemic impacts
Fugro has reported a revenue increase of 5.8% for the financial year 2021 compared to 2020, accompanied by a 21% revenue increase from renewables, led by buoyant offshore wind activity levels. EBITDA for the full year increased to €175.6 million, said to be driven by improvements in Europe-Africa an
Repsol gains consent for North Sea field life extension
Norwegian offshore safety regulator has granted Repsol consent for life extension for a field located in the North Sea off Norway.
Wilhelmsen buys into Reach Subsea to scale up remote subsea ops
Norwegian maritime group Wilhelmsen has acquired a 21% stake in the compatriot subsea contractor Reach Subsea to position itself in the renewable value chain and explore the remote subsea concept.