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Oil & Gas

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Transocean Encourage rig; Source: Transocean
Oil & Gas

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Switzerland-based offshore drilling contractor Transocean has lined up assignments for three of its harsh environment semi-submersible rigs with Norway’s state-owned energy giant Equinor on the Norwegian Continental Shelf (NCS).

about 3 months ago
Eidesvik vessel scores new long-term gig with Aker BP
Oil & Gas

Eidesvik’s 2012-built vessel lines up multi-year gig with Aker BP

Norway’s offshore vessel owner Eidesvik Offshore has strengthened its relationship with Aker BP, a compatriot oil and gas player, through a new deal, which enables one of its platform supply vessels (PSVs) to secure a long-term assignment with the Norwegian operator.

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about 3 months ago
Gjøa platform
Oil & Gas

Gas discovery edges closer to development with Equinor-Vår Energi asset swap

As operators embark on portfolio optimization quests, a series of asset exchanges is reshaping the Norwegian Continental Shelf (NCS), with the latest such move coming from Norway’s state-owned energy giant Equinor and its compatriot Vår Energi, which have agreed to a swap of offshore oil and gas ass

about 3 months ago
FPSO Cidade de Niteroi MV18; Source: MODEC
Oil & Gas

MODEC’s FPSO reaches recycling yard after finishing Brazilian assignment

Japan’s MODEC has confirmed the arrival of a floating production, storage, and offloading (FPSO) vessel at a ship recycling facility in Denmark, following the completion of the unit’s work at an oil field off the coast of Brazil.

about 3 months ago
Prelude FLNG; Source: Shell
Oil & Gas

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
Atlantic Zonda drillship; Source: Pelago Management
Oil & Gas

Vantage and Eldorado merger births ‘enhanced’ offshore drilling player

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, establishing what it describes as a scalable offshore drilling platform with “enh

about 3 months ago
Illustration; Source Shell
Oil & Gas

Shell puts Chiyoda on support duty for potential upcoming projects

Shell Global Solutions International, a subsidiary of the UK-headquartered energy giant Shell, has hired Japan’s engineering player Chiyoda Corporation to handle engineering and procurement work for its potential future projects around the globe.

about 3 months ago
Deepsea Bergen rig; Source: Odfjell Drilling
Oil & Gas

Path clear for Odfjell Drilling’s rig to spud North Sea wildcat in August

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 3 months ago
EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’
Oil & Gas

EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’

Norway’s Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a fast-track engineering, procurement, construction and installation (EPCI) contract with Vår Energi to execute all subsea umbilicals, risers, and flowlines (SURF) installation activities for the Balder Next New Wells p

about 3 months ago
Illustration; Source: Archer
Oil & Gas

Archer in talks to cinch large plug & abandonment deal

Oslo Stock Exchange-listed oil services company Archer is involved in negotiations to secure a multi-year plug and abandonment (P&A) assignment.

about 3 months ago
Gjøa; Source: Vår Energi
Oil & Gas

TechnipFMC brings integrated approach to Vår Energi’s North Sea subsea projects

Norway’s oil & gas player Vår Energi has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for subsea tie-back development projects in the North Sea. TechnipFMC reported on June 25 the iEPCI contract for the Ofelia and Gjøa Nord projects

about 3 months ago
Aerial view of a vessel at sea
Oil & Gas

LNG and decarbonization on Orlen-Naftogaz collaboration’s agenda

Ukraine’s state-owned energy company Naftogaz Group and Poland’s Orlen have teamed up to fortify the liquefied natural gas (LNG) arsenal and efforts to curb greenhouse gas (GHG) emissions in a bid to bolster Ukraine’s energy security and support its energy transition.

about 3 months ago
Platinum Explorer drillship; Source: Vantage Drilling
Oil & Gas

Path clears for Vantage Drilling-Eldorado merger with end in sight

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has confirmed that its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, is poised to be wrapped up soon.

about 3 months ago
Dutch floating power hub for remote subsea assets secures €3.2M gov’t push
Oil & Gas

Dutch floating power hub for remote subsea assets secures €3.2M gov’t push

Dutch offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have secured a €3.2 million subsidy from the Netherlands Enterprise Agency (RVO) to develop an offshore floating power hub for remote subsea assets. The Steady Seas research program will advance t

about 3 months ago