The Finnish and Swedish transmission system operators (TSOs) Fingrid and Svenska kraftnät have initiated the planning process for the third submarine cable between the countries which would replace the first connection at the end of its operational lifetime in the late 2030s. Under a signed letter o
RINA, an Italy-based multinational engineering consultancy, inspection and certification group, has acquired the entire share capital of Foreship, a Finnish ship design and engineering company.
EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backd
Two players, Cyberhawk and Explicit, have started the ball rolling on an offshore drone campaign for emissions measurement in the Norwegian sector of the North Sea, which is being undertaken on 33 offshore platforms operated by Equinor, Norway’s energy giant.
Geoquip Marine, a provider of offshore geotechnical solutions, has extended the charter agreement with Norway’s Myklebusthaug for Dina Polaris until 2030, described as one of the world’s largest geotechnical vessels. Also described as one of the world’s most capable geotechnical drilling vessels, th
Orcadian Energy has received a license extension, which enables it to pursue the development of two oil discoveries in the North Sea that are planned to be developed in tandem using a pair of wellhead platforms tied back to a floating production, storage, and offloading (FPSO) vessel envisioned to b
Ocean services provider DeepOcean has signed an agreement with Kystdesign for the delivery of seven remotely operated vehicles (ROVs), two of which have already been delivered, expanding its ROV fleet of almost 60 units. DeepOcean recently took delivery of two Constructor-series work-class ROVs (WRO
With the results of the tender reaffirmed, Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe is anticipating the prompt signing of a multi-year vessel contract in South America with Petrobras, Brazil’s state-owned oil and gas giant.
While one segment of an oil project in the North Sea is slated to go into production mode this year, Vår Energi and its partner, Kistos Energy, have put their stamp of approval on a final investment decision (FID) to bring online another addition to the same asset next year off the coast of Norway.
Subsea7 has secured an engineering, procurement, construction and installation (EPCI) contract covering pipeline bundles, spools, protection covers and tie-ins for a project in Norwegian waters. While no details were disclosed, Subsea7 did state that the contract was substantial, meaning it is worth
Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest
A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.
The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage development. The expansion in Phase 2 will increase the transport and storage capacity from 1.5 million to at least 5 million tons of CO2 per
With the goal of stepping up its drone technology game for crude oil storage tank inspections on floating production, storage, and offloading (FPSO) vessels and large offshore platforms, Japan’s MODEC has revived its relationship with Terra Drone Corporation, a compatriot drone and urban air mobilit
