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Illustration; Source: Saipem
Business & Finance

Saipem wins $1 billion contract for Eni and BP’s recently sanctioned project

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded Saipem and TechnipFMC with contracts for an ultra-deepwater development in Angola, following the announcement of the final investment decision (FID). Eni reported on June 22 that the FID had been reached for the Greater P

about 1 month ago
Another local company comes onboard Indonesian natural gas project
Business & Finance

Another local company comes onboard Indonesian natural gas project

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas firm Conrad Asia Energy, has awarded PT PAL Indonesia with an engineering, procurement, construction and transport contract for the conductor support frame (CSF) for its natural gas field in th

about 1 month ago
Methanol-ready subsea vessel traveling from Vietnam to Norway for completion
Business & Finance

Methanol-ready subsea vessel traveling from Vietnam to Norway for completion

Rem Offshore’s second energy subsea construction vessel (ESCV) is currently on its way from Vietnam to Norway, where it will undergo outfitting and final completion. The Norwegian shipping company reported that REM Ocean was delivered from the hull yard in Song Cam, Vietnam, on June 15. The tow star

about 1 month ago
Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels
Business & Finance

Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels

Australian green technology, energy, and metals company Fortescue is set to charter a fleet of 12 ammonia-capable vessels from Bocimar, CMB.TECH’s dry bulk shipping operator, under a newly signed agreement. Fortescue will charter 12 Newcastlemax dry bulk vessels (210,000 dwt), with up to three to be

about 1 month ago
Wellesley Petroleum and partners confirm gas discovery in North Sea
Business Developments & Projects

Wellesley Petroleum and partners confirm gas discovery in North Sea

An appraisal well drilled by Norway’s oil & gas player Wellesley Petroleum and its partners offshore Norway has confirmed gas/condensate discovery in the North Sea. The well 35/10 16 S is the third well drilled in production license 1148, which is valid from March 11, 2022, up to the same date in 20

about 1 month ago
OEG clearing seabed at East Anglia Two OWF site
Business Developments & Projects

OEG clearing seabed at East Anglia Two OWF site

OEG has returned to the East Anglia Two site for seabed clearance before construction work starts on the UK’s new offshore wind farm. According to a recently issued Notice to Mariners, the company will be carrying out the disposal of unexploded ordnance (UXO), boulder clearance, and the removal of o

about 1 month ago
Shearwater Geoservices to start 2025 in Ghana
Business Developments & Projects

Shell-Equinor joint venture hires Shearwater for more work

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has awarded Norwegian Shearwater GeoServices with more work. Shearwater has been selected to carry out a 4D towed streamer seismic acquisition project for the Mariner field in the UK North Sea using it

about 1 month ago
Champlain Hudson Power Express transmission line is now online in New York; Source: NKT
Business & Finance

New York City switches on $6 billion HVDC link to fuel Big Apple with Canadian hydropower

Denmark-headquartered power cable manufacturer and installation player NKT, alongside other players breathing life into an underwater high-voltage direct current (HVDC) cable project between the U.S. and Canada, has participated in the launch of the cross-border transmission development, which opens

about 1 month ago
Troll A platform; Source: Jan Arne Wold/Equinor
Business & Finance

Up to $420 million investment in North Sea subsea project unleashing more European gas

Norway’s state-owned energy giant Equinor and its partners – Petoro, Shell, TotalEnergies, and ConocoPhillips – have set their cap on investing just over NOK 4 billion (around $410–420 million) in a new subsea development, which will boost gas production from a field in the Norwegian sector of the N

about 1 month ago
Mist rig; Source: Borr Drilling
Business & Finance

Eight-well drilling program ups oil output at Southeast Asian offshore field

Canada-based Valeura Energy, an oil and gas company, has wrapped up its multi-well drilling campaign, which led to an oil production boost at an oil field off the coast of Thailand, Southeast Asia.

about 1 month ago
AUV can operate at depths of up to 6,000 meters collecting high-resolution data; Credit: Jørgen Ramse Vadla
Authorities & Government

Advanced underwater vehicle goes on first mission to chart Norwegian Sea’s subseascape

An advanced underwater vehicle (AUV), obtained by the Norwegian Offshore Directorate (NOD), a government agency responsible for managing and overseeing Norway’s offshore energy and subsurface resources, has embarked on its first assignment to map subsea areas in the northern Norwegian Sea.

about 1 month ago
Tungsten Explorer
Business & Finance

Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has secured its shareholders’ blessing for its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors.

about 1 month ago
ACUA's Pioneer USV in Plymouth Sound; Source: ACUA Ocean
Automation

UK’s testbed on the lookout for partners after spotlighting subsea range with multi-robot demo

The UK’s newest subsea trials site has made waves with a multi-robot demonstration, highlighting its potential to accelerate marine autonomy and ocean sensing. The Smart Sound Connect Subsurface (SSCS) project — part of Plymouth’s growing marine innovation hub — showcased cutting-edge underwater tes

about 1 month ago
Scarabeo 8 rig; Source: Saipem
Authorities & Government

Two oil & gas operators gearing up for North Sea drilling ops with COSL and Saipem’s rigs

Norwegian oil and gas operators, Equinor and Aker BP, have each obtained drilling permits for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with semi-submersible rigs owned by COSL Drilling Europe and Saipem.

about 1 month ago
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