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Outlook & Strategy

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Illustration; Source: Archer
Outlook & Strategy

Archer acquires Scottish firm to expand subsea and rigless P&A capabilities

Oslo Stock Exchange-listed oil services company Archer is set to acquire isol8, a Scottish well technology company focused on alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). The completion of the transaction is expected

about 4 months ago
Viridien starts multi-client OBN survey in Central North Sea
Outlook & Strategy

Viridien starts multi-client OBN survey in Central North Sea

French geophysical services company Viridien has begun a multi-client ocean bottom node (OBN) survey in the Central North Sea, spanning the UK and Norwegian sectors. The dense multi-client OBN survey covers 645 km2 in the Frigg area, with the final processed deliverables to be available in the third

about 4 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Outlook & Strategy

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 4 months ago
Shell’s JV in Egypt appoints Oceaneering for offshore installation
Outlook & Strategy

Shell’s JV in Egypt appoints Oceaneering for offshore installation

Oceaneering has won an integrated offshore installation contract with Burullus Gas Company, a joint venture of Egyptian General Petroleum Corporation (EGPC) and Shell Petroleum, for a gas field development project offshore Egypt. The contract was awarded to the company’s Offshore Projects Group for

about 4 months ago
Ammonia-fueled two-stroke engine passes second FAT
Outlook & Strategy

Ammonia-fueled two-stroke engine passes second FAT

Following what was described as the world’s first type approval (TAT) and factory acceptance testing (FAT) for this type of engine some three months ago, Swiss marine power company WinGD has completed another FAT for its ammonia-fueled two-stroke marine engine. Built by Yuchai Marine Power (YCMP), t

about 4 months ago
Wave-measuring device deployed at new marine energy test site in Massachusetts
Outlook & Strategy

Wave-measuring device deployed at new marine energy test site in Massachusetts

The Marine Renewable Energy Collaborative (MRECo), a nonprofit organization dedicated to advancing marine renewable energy and ocean technology in Massachusetts, has deployed a wave-measuring device at a newly established test range in this U.S. state. SOFAR Ocean’s SOFAR Spotter Buoy collects real-

about 4 months ago
No break for TGS as it scores triple win in Norwegian North Sea
Outlook & Strategy

No break for TGS as it scores triple win in Norwegian North Sea

Norway-headquartered energy data and intelligence company TGS has secured three new contracts in the Norwegian North Sea, with the first having started immediately. TGS is set to mobilize in June for an ocean bottom node (OBN) assignment that will take approximately 25 days, while under another, 4D

about 4 months ago
Nigerian 22-kilometer gas pipeline to be installed by Emirati firm
Outlook & Strategy

Nigerian 22-kilometer gas pipeline to be installed by Emirati firm

Abu Dhabi-headquartered MCS Group has been appointed to support the installation of a subsea pipeline for the FIRST Integrated Gas Supply System (FIGSS) development in Nigeria. The project’s EPCIC contractor, Marine Platforms Limited (MPL), selected MCS Group for the work on behalf of FIRST Explorat

about 4 months ago
Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights
Outlook & Strategy

Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights

The fourth liquefied carbon dioxide (LCO2) carrier destined for the Northern Lights CO2 project in Norway has been christened in China. Northern Purpose has been custom-designed to transport liquefied CO2 as part of the world’s first cross-border CO2 transport and storage infrastructure. It was buil

about 4 months ago
Shearwater gets to work for Shell and Equinor’s joint venture
Outlook & Strategy

Shearwater gets to work for Shell and Equinor’s joint venture

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has selected Norwegian Shearwater GeoServices to perform ocean bottom node (OBN) seismic acquisition at its field in the UK North Sea. Shearwater’s scope covers approximately 220 km2 of seismic acquisi

about 4 months ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Outlook & Strategy

Ocean Sun inks deal to take its floating solar technology to Asian markets

Norway’s Ocean Sun has signed a non-binding memorandum of understanding (MoU) with ACEN-Silverwolf, a joint venture renewables platform between ACEN Renewables International (ACRI) and Silverwolf Capital, to establish a strategic framework for the deployment of its floating solar technology in Asian

about 4 months ago
US vessel reflagging to Vanuatu before assignment in Honduras
Outlook & Strategy

US vessel reflagging to Vanuatu before assignment in Honduras

TDI-Brooks’ 2003-built multi-use oceanographic research vessel Miss Emma McCall is on its way to Honduras to complete its reflagging exercise, before being deployed for a geotechnical project in this country. The 153-meter-long vessel completed its full term ABS shipyard period and is currently en r

about 4 months ago
Eidesvik’s PSV begins journey to ammonia-powered operations
Outlook & Strategy

Eidesvik’s PSV begins journey to ammonia-powered operations

Eidesvik Offshore’s platform supply vessel (PSV) Viking Energy has entered the dock at Halsnøy Dokk to start conversion to ammonia-powered operations. The conversion is planned to be completed in autumn, when the 95-meter-long vessel will continue operating for Equinor, with whom it has been on cont

about 4 months ago
Ulstein hands over 155-meter cable-laying vessel to Nexans
Outlook & Strategy

Ulstein hands over 155-meter cable-laying vessel to Nexans

Norway’s Ulstein Verft has delivered the cable-laying vessel (CLV) Nexans Electra to French cable systems designer and manufacturer Nexans, purpose‑built for the transport, laying, protection, repair and jointing of subsea power cables. Nexans Electra was ordered as the second vessel by Nexans at No

about 4 months ago
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