Norway’s seismic company PGS has secured industry pre-funding for what it describes is a “large” MultiClient survey in the Norwegian Sea. The survey will be acquired by a Ramform Titan-class vessel over two seasons, with mobilization for the first season expected in the second quarter of 2023. Accor
Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
Looking back, 2022 was a pretty active year in the (offshore) energy sector. A good deal of this might be because COVID-19 has stopped being an obstacle to everyday life, but what seems to be for sure is that energy security and energy crisis-related topics stole most of our attention. Below we brin
As the world prepares to say goodbye to an eventful 2022, offshore energy industries are reviewing their activities and making new plans to deliver on the net-zero target. Despite numerous challenges to this goal, the year behind us ends the similar way it started – with renewables in the spotlight.
A dive vessel, DSV Curtis Marshall, is scheduled to soon begin investigations and disposal of potential unexploded ordnance (pUXO) at the nearshore part of the export cable corridor of the Moray West offshore wind farm, close to the town of Portsoy. This work will be followed by the commencement of
Ofgem has approved the strategic electricity transmission reinforcements required to deliver the UK Government’s 50 GW offshore wind by 2030 target, set out as part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework. The decision confirms that all SSEN Transmission pro
Norwegian marine survey contractor Argeo has secured a loan of NOK 20 million (approximately €1.9 million) from Innovation Norway. According to Argeo, the yield is 6,2 per cent, the duration is six years and the loan is on certain conditions. The company has not disclosed any other details. “We are
A new monitoring technology that is said to ensure more frequent checks of the future CO2 storage and results in less impact on the environment is currently being tested for Project Greensand in the North Sea. Magseis Fairfield reported last week that it had mobilized its MASS III nodes and modular
Swedish energy company Vattenfall conducted large-scale seabed surveys with uncrewed surface vessels at several of its offshore wind farms in Denmark, Sweden, and the UK earlier this year. In the late summer and early autumn of 2022, uncrewed vessels were used for seabed surveys across Horns Rev 1,
UK-headquartered provider of marine engineering services James Fisher and Sons is selling the Subtech Swordfish dive support vessel (DSV) for a cash consideration of $24 million. The company has entered into a Memorandum of Agreement (MoU) for the sale of the 2007-built vessel to Seamec Limited, a c
UAE-based port operator AD Ports Group has joined forces with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to create a new offshore and tanker joint venture.
German transmission system operator 50Hertz Transmission GmbH has issued a contract notice for the engineering, procurement, construction and installation (EPCI) of 525 kV cables covering seven onshore and offshore grid connection projects currently under development, as well as future projects. The
TC Energy-led Coastal GasLink has set a strong foundation for the next and final year of construction, with the project achieving more than 80% its completion. The Coastal GasLink team said that among many achievements, the most notable ones include the 100% pipe installation in Sections 1 and 4, th
