Business & Finance
Aker Solutions buying compatriot consultancy to support growth strategy
Aker Solutions is acquiring Unitech Power Systems, a Norway-based electrical power systems consultant, as part of its growth strategy and with the aim of further accelerating its transformation. Aker Solutions states that the acquisition is an important step towards the company creating an engineeri
U.S. operator boosts fleet with three more offshore supply vessels
Hornbeck Offshore has added three offshore supply vessels to its fleet following an auction carried out by MARAD.
UK oil & gas industry makes huge progress on North Sea Transition Deal, OGUK says
A review of the oil and gas industry’s progress against the terms of the North Sea Transition Deal has shown strong progress, OGUK says.
Subsea data centers prove feasible following pressure tests
U.S. company Subsea Cloud has completed pressure testing which is said to prove feasibility for data centers to be placed subsea. Subsea Cloud said its centers will be installed in a modular fashion providing green, affordable data center infrastructure. The first ten pods to be deployed are expecte
Hamburg Port stepping up hydrogen game with new MoU
Making a step further in taking concrete action to support decarbonisation, Hamburg Port Authority (HPA) has signed a memorandum of understanding (MoU) with industrial gases company Air Products to establish a sustainable supply chain for hydrogen.
Irish offshore wind farm seeks Tier 1 contractors
SSE Renewables has issued contract notices seeking Tier 1 contractors for the Arklow Bank Phase 2 wind farm project offshore Ireland. Arklow Bank Wind Park Phase 2 is located approximately 6 to 15 kilometres off the coast of Arklow, Co. Wicklow and covers an area approximately 27 kilometres long and
Petrofac to bag $100 million from two new contracts in India
Petrofac has secured two new contracts with Cairn Oil & Gas, Vedanta Limited with a combined value of approximately $100 million.
Serica renews North Sea deal with Sparrows
Serica Energy has awarded a crane operations and maintenance services contract on one of its platforms in the UK North Sea to Sparrows Group.
Bureau Veritas verifies SubSLAM underwater measuring system
Vaarst, tech spin-off of subsea player Rovco, has secured Bureau Veritas verification for its SubSLAM underwater measuring system. Bureau Veritas verified the technology as delivering sub-millimeter accuracy for live subsea measurement, making it the most accurate real-time underwater measuring syst
Vaalco brings online the first of four wells in Gabon drilling campaign
Vaalco Energy has completed its first well of four wells in the 2021/2022 drilling campaign offshore Gabon.
Ex-Qatari Investors Group CFO joins GMS
GMS has appointed a former CFO of the Qatari Investors Group as its new CFO, since, its current CFO has decided to step down from the role.
U.S. offshore rig count slips down a few notches
After remaining unchanged for two weeks in a row, the number of offshore rigs in the U.S. fell down to 16 units last week.
In focus: highlights from an industry in change
The world is changing fast and the offshore energy industry goes along with it.
‘A new dawn’ for Namibia as Shell finds oil in deepwater well
Oil and gas giant Shell has made an oil discovery in its exploration well in the Orange Basin offshore Namibia.