Subsea 7 has revealed the proposed executive team for Seaway 7, the company set to be created by the planned combination of OHT and Subsea 7’s Renewables business unit. Seaway 7 will be managed by an experienced executive team led by Stuart Fitzgerald as chief executive officer (CEO). Current OHT CE
Preliminary results from BW Energy’s Hibiscus North well off Gabon indicate reserves below the lower end of the pre-drill resource estimate.
TechnipFMC is selling 7.6 million Technip Energies shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares in the sale is set at €11.15 per share, yielding total gross proceeds of €196.2 million. Upon completion of
McDermott has completed the transportation and installation subcontract of the SVDN gas and condensate developments offshore Vietnam.
Shell and KazMunayGas have signed a Memorandum of Cooperation in the area of CO2 Capture Utilization and Storage Technology (CCUS).
Empyrean has awarded an Integrated Drilling Contract for the drilling of the Jade prospect offshore China to COSL.
Singapore-based ship owner and operator Grindrod Shipping Holdings (GSH) has completed the acquisition of the remaining 31.14% equity stake in IVS Bulk joint venture.
JDR Cable Systems has adopted HIGHVOLT Prüftechnik Dresden’s Resonant Test System (RTS) for testing inter-array cables at offshore wind projects. The test system is purpose-built for post-installation testing of 66 kV offshore inter-array cables according to the international standard IEC 63026. The
Noble Corp. is working on a plan to bring its drillship Noble Globetrotter II into port for repairs following damages after Hurricane Ida.
Carnarvon Petroleum has contracted the Valaris JU-107 jack-up drilling rig for the Buffalo-10 drilling operations offshore Timor-Leste.
Norwegian export credit agency Eksfin has provided about $1.2 billion (NOK 10 billion) loan guarantees for the construction of 35 eco-friendly vessels over the last four years.
DOF Subsea has secured a contract extension with Petrobras for its 106-meter long diving support vessel (DSV) Skandi Achiever. To remind, Petrobras awarded DOF Subsea with a three-year firm contract with a two-year extension option for Skandi Achiever back in April 2018. With this contract extension
Offshore drilling contractor Borr Drilling has secured more work for its jack-up drilling rigs, increasing its contracted fleet to 15 rigs.
Serica Energy has started production from the Rhum R3 well in the UK North Sea, some 16 years after it was originally drilled.
