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Idle fleet reactivation on the rise as high oil prices spearhead offshore investments, Westwood says

Subsea

Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says

Westwood reveals an uptick in offshore E&P investment and rig count with the demand for OSVs resulting in more idle fleets being reactivated.

about 4 years ago

A photo of the G7 ministers at the meeting in Berlin in May 2022

Subsea

In focus: G7 puts fossil fuel financing in crosshairs, commits to electricity sector decarbonization

The latest meeting of the G7 ministers for climate, energy, and environment has resulted in further commitments from the world’s most developed countries to curb the rise in global temperatures to 1.5°C and assist the countries affected the most by climate change. One of the commitments that stands

about 4 years ago

Subsea

Offshore Energy Exhibition & Conference 2022: Registration is now live!

Register before the 24th of June and receive a 25% discount on your event ticket. From today, it is possible to register for the Offshore Energy Exhibition & Conference (OEEC) 2022. Europe’s leading exhibition and conference connects the entire offshore energy sector. The two-day event taking place

about 4 years ago

Subsea

Sumitomo firms up cable order for first Middle East subsea transmission system

Sumitomo Electric Industries has concluded the contract with Samsung C&T Corporation for the delivery of high-voltage direct current (HVDC) submarine cables for the first subsea HVDC network in the Middle East. The contract follows the limited notice to proceed (LNTP) for the project in the United A

about 4 years ago

Subsea

Subsea services bring MMA to Qatar

MMA has secured an integrated vessel and subsea services contract to provide offshore construction support services in Qatar. The multi-purpose support vessel MMA Pinnacle will be deployed in Qatar to provide a range of subsea services in support of a tier-one contractor working on a pipeline instal

about 4 years ago

Subsea

In focus: Activists take the front line against fossil fuels, as maritime industry steps up clean fuels game

‘Actions, not words’ perfectly summarizes the general feeling of environmental activists who took the front line in fight against fossil fuels industry and its supporters. Living up to their creed, however, is the maritime sector which has also stepped up efforts on a global level to adopt more envi

about 4 years ago

Subsea

Subsea 7 sees growth in revenues, expects tendering activity to remain high

Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti

about 4 years ago

Subsea

TechnipFMC’s subsea orders hit $1.9 billion in Q1 2022

TechnipFMC has reported $1.9 billion of inbound subsea orders in the first quarter of 2022, an increase of 83% when compared to the fourth quarter of 2021, resulting in a book-to-bill of 1.5. For the Subsea segment, TechnipFMC reported revenue of $1,289.1 million, a 4.3% increase from the fourth qua

about 4 years ago

Subsea

Searcher’s seismic data reveals ‘exciting’ oil prospectivity offshore Oman

Searcher Seismic has entered into a strategic partnership with the Ministry of Energy and Minerals of Oman (MEM) to acquire several new seismic surveys and reprocess legacy seismic data both offshore and onshore Oman.

about 4 years ago

Subsea

Chinese cable supplier hired for major ADNOC oil and gas projects

ZTT Submarine Cable & System has secured three oil and gas subsea cable supply projects with UAE’s National Petroleum Construction Company (NPCC), set to be delivered to the end-user Abu Dhabi National Oil Company (ADNOC). The scope of work includes the bespoke design, manufacture, testing, and deli

about 4 years ago

Canadian player wins gig on ADNOC’s offshore ops decarbonisation project

Subsea

Canadian player to work on ADNOC’s power project for offshore operations

ADNOC has awarded a deal to SNC-Lavalin for its offshore ops power project, which is expected to spearhead its decarbonisation efforts.

about 4 years ago

Subsea

Mermaid Maritime sets up subsidiary in the UAE

Thailand-headquartered subsea services provider Mermaid Maritime has established an indirect 50%-owned subsidiary in the United Arab Emirates. The primary activity of the subsidiary designated as Millennium 3 Ship Management and Operations DMCCO will be managing and operating the DP2 construction su

about 4 years ago

Subsea

Fugro to back QatarEnergy’s field redevelopment project

QatarEnergy has awarded Fugro with a contract to deliver multi-year seabed geo-data acquisition and geo-consultancy services as part of the redevelopment of the Bul Hanine and Maydan Mahzam fields offshore Qatar. Fugro’s team will be operating from Fugro Proteus, Pacific Grouse and Bourbon Enterpris

about 4 years ago

Subsea

In focus: Accelerating the energy transition

The global energy transition continues to be a strategic priority for many players, including those involved in the maritime and offshore energy sectors.

about 4 years ago