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Business Developments & Projects

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Italian drilling contractor to bring Nabors’ suite of tech options to European and African energy firms
Business Developments & Projects

Italian contractor to bring Nabors’ suite of tech options to Europe and Africa

Hydro Drilling will deploy Nabors’ technologies and services in Europe and Africa to improve hydrocarbon production and curb emissions.

about 4 years ago
Geophysical survey starting at 200-turbine array offshore Ireland
Business Developments & Projects

Geophysical survey starting at 200-turbine array offshore Ireland

Irish marine and aerial survey company Ondine is set to begin a geophysical survey at the Lir Offshore Array located off the east coast of Ireland today, 1 July. Ondine will be completing the survey works from 1 July to 15 August, subject to weather conditions, on a 24-hour basis, seven days a week.

about 4 years ago
Global OTEC’s floating OTEC concept (Courtesy of Global OTEC)
Business Developments & Projects

Global OTEC agrees power purchase deal for floating OTEC plant offshore Africa

UK-based company Global OTEC has signed what’s said to be the world’s first deal to develop a power purchase agreement (PPA) for a 1.5MW floating ocean thermal energy conversion (OTEC) platform offshore São Tomé island.

about 4 years ago
Transocean rig gets the go-ahead for ops at Equinor’s North Sea field
Business Developments & Projects

Transocean rig gets the go-ahead for ops at Equinor’s North Sea field

Equinor has received consent from Norway’s regulator to use a Transocean-owned rig for well intervention on a field located in the North Sea.

about 4 years ago
Borr needs more time to put in place financing solution
Business Developments & Projects

Borr needs more time to put in place financing solution

Borr Drilling is still engaged in talks with creditors to find a financing solution to extend its 2023 debt maturities and refinance.

about 4 years ago
KenzFigee delivers offshore launch and recovery system to Fugro
Business Developments & Projects

KenzFigee delivers offshore launch and recovery system to Fugro

Dutch geo-data specialist Fugro has contracted compatriot offshore lifting equipment provider KenzFigee for the design and delivery of a launch and recovery system (LARS), part of Fugro’s geotechnical system Blue Snake. The Fugro Blue Snake is an integrated LARS and seabed research system combining

about 4 years ago
Aker BP all set to deploy Maersk rig on North Sea field
Business Developments & Projects

Aker BP all set to deploy Maersk rig on North Sea field

Aker BP has received consent from Norway’s regulator to use one of Maersk Drilling-owned rigs on a field located in the North Sea.

about 4 years ago
Illustration/Hexicon floating wind technology (Courtesy of Hexicon)
Business Developments & Projects

In focus: Offshore industry forms decarbonization tie-ups, as need for more renewable energy investments grows

Despite the projections stating the global energy investments are to reach $2.4 trillion this year, much more is still needed to successfully tackle the issues of energy security and climate crises globally

about 4 years ago
Strohm’s deep-water TCP jumper to be installed on ExxonMobil’s project off Guyana
Business Developments & Projects

Strohm’s deep-water TCP jumper to be installed on ExxonMobil’s project off Guyana

In a first for the Americas region, Strohm has delivered a deep-water thermoplastic composite pipe (TCP) jumper to ExxonMobil affiliate Esso Exploration & Production Guyana Ltd (EEPGL). According to Strohm, ExxonMobil’s subsidiary plans to install the subsea water alternating gas (WAG) jumper made f

about 4 years ago
Halliburton rig gearing up to kick off Kuwait’s first offshore drilling campaign
Business Developments & Projects

Rig gearing up to kick off Kuwait’s first offshore drilling campaign

Kuwait Petroleum Corporation (KPC) has revealed that Kuwait will be embarking on its first offshore drilling campaign soon.

about 4 years ago
Fugro continues with surveys at Inch Cape offshore wind farm
Business Developments & Projects

Fugro continues with surveys at Inch Cape offshore wind farm

Fugro is about to commence a vessel-mounted bathymetry survey at the Inch Cape offshore wind farm, located off the Angus coastline in Scotland. The activities are planned to begin on or after 2 July and are expected to take up to 10 days to complete, weather permitting. The 50-meter DP2 research/sur

about 4 years ago
An aerial photo of the Horns Rev 1 offshore wind farm in Denmark
Business Developments & Projects

Offshore wind to power sustainable aviation fuel production in Sweden

Vattenfall and St1 have signed a Letter of Intent to develop a fossil-free value chain for production of synthetic electro fuel from offshore wind, with the next step being conducting a feasibility study into bringing the project to life in 2029 and gradually growing towards the target of one millio

about 4 years ago
Visualization of proposed Larantuka Strait tidal turbine array (Courtesy of SBS)
Business Developments & Projects

UKEF shows interest to fund SBS’ tidal power project in Indonesia

SBS and its state-owned partner Indonesia Power have received expression of interest (EoI) from UK Export Finance Agency (UKEF), confirming multi-million dollar project development financing for a tidal power scheme in Indonesia

about 4 years ago
TGS acquires compatriot asset management provider
Business Developments & Projects

TGS acquires compatriot asset management provider

Norwegian seismic player TGS has acquired Prediktor, a compatriot provider of asset management and real-time data management solutions to renewable and energy asset owners. Based in Fredrikstad, with 40 employees, Prediktor currently supports 7 GW of renewable energy assets, mainly PV solar, with a

about 4 years ago
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