As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.
PXGEO has secured a towed streamer contract in the Asia Pacific region to acquire 3D seismic data for TGS. The seismic vessel PXGEO 2 is set to mobilize in December for the project. Activities are expected to last for approximately three months. PXGEO entered into an agreement with TGS last year for
Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably rene
Project developer of the EuroAsia Interconnector and the Cypriot and Israeli delegations have met in Nicosia, Cyprus, to discuss the electricity link that will connect Israel, Cyprus, Greece and continental Europe. A delegation of the Israeli and Cypriot Ministries of Energy, the Israeli and Cypriot
Fugro has launched its Blue Essence uncrewed surface vessel (USV) in Abu Dhabi, said to be the region’s first such vessel. The 12-meter USV was launched at Mugharraq port and sailed to its new home in Al Mirfa by Fugro’s control and command center in the UAE. The Al Mirfa port will be the home to th
Offshore Energy Exhibition & Conference 2022, coming up on 29 and 30 November in Amsterdam, will feature a Hydrogen Area for the first time, with TotalEnergies, Strohm, Green Team Twente, Shell, and TU Delft Hydro Motion Team set to join this inaugural moment for Offshore Energy and Navingo BV.
NKT has completed the construction of the second extrusion tower for high-voltage power cables at its factory in Karlskrona, Sweden. NKT can now start manufacturing high-voltage power cables in the new tower, designated as NKT Lighthouse, in the fourth quarter of the year. The 150-meter tall tower i
Shell will explore carbon transport and storage options in Brunei & Singapore, which could be part of a potential CCS hub in Southeast Asia.
Danish Ørsted, said to be the world’s leading offshore wind developer, and Norway’s energy giant Equinor have entered into an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period wi
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase f
C-Innovation (C-I) has signed a multi-year contract with a “major operator” in the Gulf of Mexico for the New Well Delivery Program and inspection, repair and maintenance (IRM) services. Two light construction vessels will be deployed, with C-Constructor supporting the New Well Delivery Program and
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR
Energy and marine consultancy ABL Group has acquired the operations of a well control equipment specialist, HOSE International.
DOF Group has secured a contract extension in Brazil for one of its anchor handling tug supply (AHTS) vessels, as well as new vessel contracts in West Africa and in the North Sea. Norskan Offshore, DOF’s Brazilian subsidiary, signed a contract extension with Petrobras for the 21.000 class Brazilian
