Decommissioning work has started on the TetraSpar Demonstrator floating wind project at the Marine Energy Test Centre (METCentre) site off Karmøy, Norway, with the dynamic export cable disconnected and placed in wet storage, clearing the site for the next demonstrator project. The decommissioning ca
India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has begun drilling the first deepwater well in Mahanadi Basin off the Asian country’s coast to unlock the nation’s offshore hydrocarbon potential.
MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), has secured another investment, which enables Nippon Yusen Kabushiki Kaisha (NYK), Japan’s shipping and logistics major, to widen its LNG footprint.
Italian startup Sizable Energy has begun testing an offshore energy storage technology designed to store electricity generated by offshore wind farms and other renewable energy sources at the Natural Ocean Engineering Laboratory (NOEL) off the coast of Calabria, Italy. The demonstrator, installed in
Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market
Huisman has been selected to deliver advanced lifting and handling systems for an offshore installation vessel being built for the joint venture (JV) of Norwegian Solstad Offshore and Netherlands-based SBM Offshore. Awarded by CIMC Raffles Offshore, the contract will see Huisman deliver an integrate
Australia’s engineering firm Worley has won its first major services framework deal with Inpex Operations Australia, a subsidiary of Japan’s Inpex.
Scotland-headquartered offshore drilling contractor Odfjell Drilling has disclosed the return to work of its 17-year-old semi-submersible, following repairs in the wake of an equipment-handling incident that ended rig activity earlier this year.
Subsea7 has secured a contract with Brunei Shell Petroleum (BSP), a joint venture company between the Brunei government and the UK-headquartered Shell, covering subsea installation for a pipeline replacement project offshore Brunei. Subsea7’s scope of work includes the engineering, procurement, cons
The first of two hybrid power ocean energy construction vessels (OECVs) that Norwegian shipbuilder VARD is building for compatriot shipping group Island Offshore has arrived in Norway from Romania for the final phase of outfitting. Island Offshore placed an order with VARD for the design and constru
The Culzean floating wind turbine, which will supply electricity to the Culzean gas platform in the North Sea, off the coast of Scotland, will soon be towed to its offshore location as the integration of the wind turbine with the floating foundation has been completed. Archer, the engineering, procu
UK-headquartered energy giant BP is launching a process to market its North Sea business for a potential sale after operating in the region for 60 years. BP reported today, July 31, that the decision is part of an ongoing portfolio review and reflects the disciplined approach to capital allocation,
UK-headquartered energy giant Shell has reached an agreement with Hungarian multinational oil & gas company MOL Group for the sale of its 100%-owned subsidiary BG Cyprus Limited for up to $720 million. BG Cyprus holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrod
Two pipelay support vessels (PLSVs) owned by a joint venture of DOF Group and TechnipFMC have secured long-term contract extensions with Brazil’s oil & gas company Petrobras. Under the contract amendments, Skandi Buzios has been awarded a 516-day extension and Skandi Recife a 550-day extension. Prev
