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Business Developments & Projects

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Valaris DS-9 drillship; Source: Valaris
Business Developments & Projects

Valaris ‘laser-focused’ on ensuring its rig fleet will be fully booked in 2024

Valaris is determined to find more employment for its rigs during 2024 to get all the current gaps in fleet assignments filled out, so that, there are no remaining available days.

about 2 years ago
Argeo granted patent for electromagnetic sensor system
Business Developments & Projects

Argeo granted patent for ‘innovative’ sensor configuration for subsea vehicles

Argeo has secured its fifth patent from the Norwegian Industrial Patent office, this time for an innovative sensor configuration for subsea vehicles said to provide higher reliability, better signal, and improved detection. Argeo reported that its wholly-owned subsidiary Argeo Robotics had been gran

about 2 years ago
JERA’s subsidiary in India begins operations
Business Developments & Projects

JERA’s subsidiary in India begins operations

JERA has announced the start of full-scale operations by its subsidiary JERA Energy India, established to widen business opportunities in the Indian market.

about 2 years ago
Damen
Business Developments & Projects

Damen embarks on a pilot project for circular ship recycling

Dutch Damen Shipyards Group is launching a pilot project in which a small tug will be dismantled at Damen Shiprepair Rotterdam’s Botlek site in a circular way and entirely in line with EU regulations.

about 2 years ago
Illustration; Courtesy of Shell
Business Developments & Projects

Shell collects $7.7 billion in profit against backdrop of lower energy prices

Shell has made strides in the pursuit of its strategy, which aims to bring more energy to the fore with a reduced emissions footprint.

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business Developments & Projects

New task for Odfjell Drilling related to rig non-conformities stemming from emergency preparedness management

Odfjell Drilling has been asked to handle the identified non-conformities and improvement points regarding emergency preparedness management at a semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS).

about 2 years ago
Kraken gathers $11 million in new contracts since beginning of 2024
Business Developments & Projects

Kraken gathers $11 million in new contracts since beginning of 2024

Kraken Robotics has reported a “strong start” to 2024 for its Service business with $11 million of new contracts secured since the beginning of the year. The contracts, all set to be completed within this year, come in addition to $4 million of survey contracts for KATFISH and magnetometer surveys t

about 2 years ago
Illustration; Credit: Morten Berentsen/Equinor
Business Developments & Projects

Norway’s oil & gas production beats forecasts

Norway recorded a slight rise in oil and gas production in March 2023 compared to the Norwegian Offshore Directorate’s predictions.

about 2 years ago
Balmoral - Hornsea 3
Business Developments & Projects

Ørsted selects Balmoral to shield Hornsea 3 cables

Balmoral Comtec, a Balmoral Group company, has been awarded a multi-billion-pound contract for the supply of cable protection systems for Ørsted’s Hornsea 3 offshore wind farm in the UK. The scope of work includes design engineering which will take place at Balmoral Comtec’s Aberdeen facility, suppl

about 2 years ago
Greece and Saudi Arabia to launch studies for potential electricity interconnector
Business Developments & Projects

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago
Sonalika and Sarovar tugs; Source: Indian Register of Shipping
Business Developments & Projects

Indian yard launches vessel duo destined for work at offshore oil fields

Ship classification society Indian Register of Shipping (IRS) has confirmed the launch of two vessels at the San Marine yard in Kakinada.

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business Developments & Projects

Equinor gets more info on oil discovery to gauge development option

Equinor has wrapped up drilling activities at an appraisal well in the Barents Sea off the coast of Norway with one of Odfjell Drilling’s rigs.

about 2 years ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Business Developments & Projects

More drilling ops on Beach Energy’s agenda offshore Australia

Beach Energy has handed over an environment plan (EP) to Australia’s offshore regulator, entailing drilling activities.

about 2 years ago
Multi-million dollar win for US player with 'major energy company'
Business Developments & Projects

Multi-million dollar win for US firm with ‘major energy company’

Houston-based subsea energy equipment and services specialist Koil Energy Solutions, formerly known as Deep Down, has secured a multi-million dollar contract with what it says is a “major international energy company”. Koil Energy Solutions will deliver engineering, procurement, manufacturing, insta

about 2 years ago
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