Orcadian Energy has divested a lion’s share of its interest in a giant undeveloped North Sea field and passed the operatorship baton to Ping Petroleum UK.
UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which
Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.
Golden Energy Offshore Services has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol Norge.
Norwegian offshore vessel operator Havila Shipping has landed a contract extension for one PSV and signed a new contract for another.
MAN Energy Solutions Switzerland has secured its largest single order ever received, thanks to a deal with MODEC.
Final subsea system components destined for Enauta’s field development project in the Santos Basin are on their way from the UK to Brazil. Brazilian oil and gas player Enauta reported on March 15 that the flexible pipeline system, the last pending subsea system equipment for the FPSO Atlanta product
An AHTS vessel from Siem Offshore has been hired for the rest of the year by an undisclosed firm, which is said to be an international oil major.
Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei
Viaro Energy has received regulatory approval related to the acquisition of a partial interest in a huge undeveloped oil field on the UKCS.
Floatel International has won a new contract and secured an optional one for a semi-submersible support vessel off the coast of Norway.
After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the
Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support ve
Oslo Stock Exchange-listed Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond.
