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Business & Finance

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Illustration; Source: DOF Group
Business & Finance

‘Large-scale’ multi-million subsea job taking DOF vessel sextet to Africa

DOF Group has tucked a new subsea umbilicals, risers, and flowlines (SURF) assignment under its belt, which will enable it to work on an energy project off the coast of Africa.

about 1 year ago
FPSO Jaguar hull; Source: SBM Offshore
Business & Finance

ExxonMobil books New Wave Offshore for work on its $12.7B oil project in Guyana

ExxonMobil has hired New Wave Offshore Energy to handle marine warranty survey (MWS) services for its sixth deepwater oil development project at the Stabroek block off the coast of Guyana.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put

With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding

about 1 year ago
Subsea7 and Solstad vessel to reach 20 years of collaboration as new contract comes in
Business & Finance

Subsea7 and Solstad vessel to reach 20 years of collaboration as new contract comes in

A subsea vessel owned by Norwegian shipping company Solstad Offshore has secured another contract with Subsea7, extending its work for the company for another two years, potentially longer. Normand Subsea, a versatile inspection, maintenance, and repair (IMR) vessel, has been on contract with Subsea

about 1 year ago
Prysmian preferred supplier for planned 1 GW subsea cable between Singapore and Malaysia
Business & Finance

Prysmian preferred supplier for planned 1 GW subsea cable between Singapore and Malaysia

Singapore’s state-owned energy giant Sembcorp Industries and Malaysia’s state-owned electric utility company Sarawak Energy have entered into a preferred supplier agreement with Italian cabling firm Prysmian for a subsea interconnector cable that would import around 1 GW of green electricity from Sa

about 1 year ago
Illustration; Source: KOIL Energy
Business & Finance

US subsea firm’s ‘cornerstone product’ going to Gulf of America’s oil & gas operator

KOIL Energy Solutions, formerly Deep Down, has received an order for its subsea distribution equipment, which will be deployed at an oil and gas project in the Gulf of America, formerly known as the U.S. Gulf of Mexico.

about 1 year ago
Fish population survey in Portugal to provide data for HiWave-5 and future installations
Business & Finance

CorPower Ocean and NTNU join forces on AI-controlled wave energy tech

Swedish wave energy developer CorPower Ocean has secured funding from Sweden’s national innovation agency, Vinnova, to integrate artificial intelligence (AI) into its wave energy technology in collaboration with the Norwegian University of Science and Technology (NTNU). According to CorPower Ocean,

about 1 year ago
Saipem's Scarabeo 8 semi-submersible rig; Source: Var Energi
Business & Finance

Saipem rig cleared to spin the drill bit in Norwegian waters

Aker BP has secured a drilling permit for an exploration well in the Norwegian Sea off the coast of Norway, which is slated to be drilled this month using a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
Inch Cape export
Business & Finance

Enshore Subsea wins cable installation gig for one of Scotland’s largest offshore wind projects

UK-headquartered Enshore Subsea has secured an export cable installation contract for one of Scotland’s largest offshore wind projects, the 1.1 GW Inch Cape. The Inch Cape offshore wind farm will feature two 85-kilometer, 220 kV, three-phase export cables, each delivered in three sections and requir

about 1 year ago
FPSO Triton; Source: Dana Petroleum
Business & Finance

Restart hold-up ratchets up UK oil & gas firm’s ‘frustrations’ with North Sea FPSO’s performance

Serica Energy has disclosed a delay in resuming production from its assets in the North Sea, as more time is needed to fix the issue hampering a floating production, storage, and offloading (FPSO) vessel’s performance on the UK Continental Shelf (UKCS).

about 1 year ago
Port of Açu lines up third ammonia project with new land reservation contract
Business & Finance

Port of Açu lines up third ammonia project with new land reservation contract

Brazil’s Port of Açu and renewable fuels producer Sempen have entered into a land reservation agreement for the construction of a green ammonia plant in the port’s industrial complex in the north of the State of Rio de Janeiro.

about 1 year ago
Akçakoca platform; Source: Trillion Energy
Business & Finance

Wheels up to up hydrocarbon production ante at giant gas field offshore Türkiye

Trillion Energy is working on implementing solutions to bolster and maintain natural gas production in the long run at its giant field offshore Türkiye, with a gas lift compressor system.

about 1 year ago
FPSO BW Pioneer; Source: BW Offshore
Business & Finance

More time for FPSO sale to go through as Murphy Oil prolongs BW Offshore’s US gig

Murphy Oil Corporation has lengthened the current deal for a floating production, storage, and offloading (FPSO) working at its asset in the Gulf of America, formerly the U.S. Gulf of Mexico.

about 1 year ago
Crowley's American Energy, said to be the first U.S. LNG carrier to supply Puerto Rico with U.S.-sourced energy; Source: Crowley
Business & Finance

American Energy ready to fortify Puerto Rico’s security of supply with LNG cargos

Crowley has joined forces with Naturgy, enabling it to send what it describes as the first U.S. LNG carrier (LNGC) to Puerto Rico, bolstering the North American country’s energy security amid growing power demand.

about 1 year ago
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