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Borr Galar and Borr Njord
Business Developments & Projects

Borr Drilling bags new three-year contracts for five rigs

Offshore drilling contractor Borr Drilling has secured new three-year contracts for five jack-up drilling rigs in Mexico.

about 3 years ago
Norway cuts down oil and gas output in September
Business Developments & Projects

Norway records lower oil and gas output in September

Norway’s oil and gas production fell behind the NPD’s predictions in September 2022 and is lower than the figures from August.

about 3 years ago
Maersk, Siemens Energy, SCZONE get together to discuss green hydrogen projects
Business Developments & Projects

Maersk, Siemens Energy, SCZONE get together to discuss green hydrogen projects

Danish shipping giant Maersk, German energy firm Siemens Energy and the Suez Canal Economic Zone (SCZONE) have met to discuss green hydrogen projects ahead of the 2022 United Nations Climate Change Conference (COP27) summit in Egypt. During the meeting, the parties discussed the framework of the fea

about 3 years ago
IJmuiden Ver
Business Developments & Projects

Norwegian Geotechnical Institute secures work on Dutch offshore wind zone

The Norwegian Geotechnical Institute (NGI) has won a contract to develop an integrated ground model as part of a tender for geotechnical soil investigations at two offshore wind farm sites within the IJmuiden Ver Wind Farm Zone (IJVWFZ) in the Dutch North Sea. The total value of the contract, which

about 3 years ago
An aerial photo of the Eneco Luchterduinen offshore wind farm in the Netherlands
Business Developments & Projects

New tender calls show EU countries pressing ahead with plans to add more offshore wind capacity

Several EU Member States have increased their offshore wind ambitions – with some also making joint vows to install massive amounts of new capacity by 2030 and beyond – and invitations to tender released this week show Germany, Ireland, and the Netherlands are actively working to prepare the stage f

about 3 years ago
Seadrill to offload stake in Bermuda-based firm
Business Developments & Projects

Seadrill to offload stake in Bermuda-based firm

Seadrill has decided to sell its interests in Paratus Energy Services Limited to three existing shareholders of the Bermuda-based company.

about 3 years ago
SAFEEN Group boosting subsea offering with purchase of 2014-built vessel
Business Developments & Projects

UAE firm boosting subsea offering with purchase of 2014-built vessel

Safeen Offshore, part of AD Ports Group, is acquiring a new support vessel with the aim of enhancing its subsea service capabilities. The vessel, built in 2014, will operate under the name Safeen Surveyor and will undergo an extensive conversion, including the installation of an integrated dive syst

about 3 years ago
Havyard
Business Developments & Projects

Havyard Group ASA becomes Eqva

Oslo-listed Havyard Group ASA has decided to change the company name to Eqva ASA to reflect its growth strategy and mark its transformation into a fully integrated service company. The company said that the name Eqva was formed by combining the letters “EQ”, the starting point of the words equal, eq

about 3 years ago
U.S. puts the wheels into motion to hold next Gulf of Mexico oil & gas lease sale
Business Developments & Projects

U.S. puts the wheels into motion to hold next Gulf of Mexico oil & gas lease sale

To comply with the Inflation Reduction Act, BOEM has taken steps to hold the next oil and gas lease sale for acreage in the Gulf of Mexico.

about 3 years ago
Hitachi Energy hands over North Sea Link
Business Developments & Projects

Hitachi Energy hands over North Sea Link

Hitachi Energy has handed over North Sea Link, the first power interconnector between Norway and the UK, to Norway’s Statnett and the UK’s National Grid. The 1,400 MW North Sea Link allows Norway to import wind power from the UK and the UK to import hydropower from Norway through a 720-kilometer HVD

about 3 years ago
MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Business Developments & Projects

SIMEC Atlantis management buyout creates Proteus Marine Renewables tidal outfit

SIMEC Atlantis Energy has agreed the sale of a majority stake in its Advanced Tidal Engineering and Services division (ATES), which resulted in the creation of a new tidal energy outfit Proteus Marine Renewables.

about 3 years ago
Illustration/The Hague (Courtesy of Ocean Energy Europe)
Business Developments & Projects

Ocean Energy Europe’s next annual event to be held in the Netherlands

Ocean Energy Europe’s annual conference and exhibition will take place in The Hague, the Netherlands, in 2023.

about 3 years ago
ExxonMobil books DOF Subsea vessels offshore Guyana
Business Developments & Projects

ExxonMobil books DOF Subsea vessels offshore Guyana

Norwegian DOF Subsea has secured a three-year contract for two multipurpose support construction vessels (MPSVs) with Esso Exploration & Production Guyana. DOF Subsea will perform inspection, maintenance, and repair (IMR), well-intervention support, and light subsea construction activities to suppor

about 3 years ago
LNG carrier
Business Developments & Projects

DSME rides the LNG demand wave with two more orders in the bag

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract for the construction of two LNG carriers worth around $500 million (KRW 710 billion). Each vessel has secured a price of $250 million, a record vaue for local shipbuilders, Yonhap reports citing DSME. The LNG

about 3 years ago
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