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Project & Tenders

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Nexans outperforms 2023 target, makes considerable progress on sustainability agenda
Project & Tenders

Nexans outperforms 2023 target, makes considerable progress on sustainability agenda

In the year in which it saw “considerable progress” on its sustainability agenda, Nexans has reported a “historic high” adjusted EBITDA of €665 million for the 2023 financial year, a +8.2% increase year-on-year, outperforming the target. Nexans’ EBITDA including share-based payment expenses amounted

about 2 years ago
Public feedback sought for planned interconnector between Ireland and Wales
Project & Tenders
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Public feedback sought for planned interconnector between Ireland and Wales

A series of public consultation events is being held this month to discuss the proposed MaresConnect electricity interconnector between Ireland and Wales. MaresConnect will comprise a cable route of approximately 245 kilometers under the sea and underground between Dublin in Ireland and Bodelwyddan,

about 2 years ago
Illustration; Source: MSI
Project & Tenders

Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.

about 2 years ago
With environmental decision in place, GAZ-SYSTEM set to proceed with Gdańsk FSRU project
Project & Tenders

With environmental decision in place, GAZ-SYSTEM set to proceed with Gdańsk FSRU project

Poland’s natural gas transmission system operator GAZ-SYSTEM has received a decision on the environmental conditions from the Regional Director for Environmental Protection in Gdańsk for the implementation of the FSRU terminal with a subsea gas pipeline at the Port of Gdańsk. According to GAZ-SYSTEM

about 2 years ago
Valaris DS-17 drillship; Source: Equinor
Project & Tenders

Valaris rigs collect $1.2 billion for drilling jobs spanning geographies

Valaris has landed a batch of new contracts and extensions across multiple geographies for three floaters and six jack-ups in its rig fleet.

about 2 years ago
UK oil & gas engineering services firm gets more North Sea work
Project & Tenders

Multiple P&A activities on the list for UK firm under £1 million contract

UK-headquartered oil and gas engineering services business Plexus Holdings has secured a contract valued at over £1 million to deliver equipment and services for multiple plug and abandonment (P&A) activities in the North Sea. Under the contract with an undisclosed client, Plexus will provide Exact

about 2 years ago
Fugro settles in South Korea
Project & Tenders

Fugro settles in South Korea

Fugro has opened a new office in South Korea as part of a joint venture with South Korean marine technology company UST21 in support of the local offshore wind sector. The new office called Fugro UST21 and located in Incheon will provide geo-data solutions for South Korea’s offshore renewable energy

about 2 years ago
NOV receives order for 'industry’s first electric subsea crane'
Project & Tenders

NOV receives order for ‘industry’s first electric subsea crane’

U.S.-based NOV has received an order for what is said to be the industry’s first electric subsea crane. NOV reported that its Lifting & Handling group had sold the first electric subsea crane to a company in Europe at the end of 2023. “We are excited about the market’s response to our electric subse

about 2 years ago
Solstad Offshore
Project & Tenders

Solstad amps up its decarbonization ante to boost vessels’ fuel efficiency and curb emissions

Solstad Offshore has joined forces with Pon Power and Caterpillar Marine to scale up fuel efficiency across its vessels and slash its emissions.

about 2 years ago
With offshore repairs soon to begin, Balticconnector restart set for April
Project & Tenders

With offshore repairs soon to begin, Balticconnector restart set for April

Offshore repair works for the Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, are set to start at the beginning of next month. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnecto

about 2 years ago
diving operation as Equinor hires compatriot company for diving intervention services
Project & Tenders

Equinor hires compatriot company for diving intervention services

Norway’s energy giant Equinor has signed a long-term frame agreement for diving intervention services with compatriot SubseaPartner. The frame agreement focuses on contingency preparedness for Equinor as the principal user, in addition to 23 other operating companies participating in the Pipeline Re

about 2 years ago
Courtesy of the European Commission; Credit: Mauro Bottaro
Project & Tenders

European Commission approves funding for 24 German hydrogen projects

The European Commission (EC) has approved 24 German projects as part of the Important Project of Common European Interest (IPCEI) Hydrogen program. The projects submitted by Germany are part of the “infrastructure wave” Hy2Infra of the IPCEI Hydrogen, which includes a total of 33 projects from sever

about 2 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Project & Tenders

Transocean rigs pick up drilling gigs in Angola, Gulf of Mexico, and Black Sea

Transocean has secured more work for three floaters in its rig fleet, enabling it to collect $326 million for assignments in Angola, the U.S. and Romania.

about 2 years ago
PRSI Pool picks NKT for offshore power cable turnkey repairs
Project & Tenders

Norway’s PRSI Pool taps NKT for turnkey offshore power cables repair

Denmark-based NKT has signed a four-year service agreement with the Norway-based Pipeline Repair and Subsea Intervention (PRSI) Pool which allows it to perform turnkey repairs for offshore power cables owned by the member companies. The PRSI Pool includes 23 companies covering their offshore pipelin

about 2 years ago