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Business & Finance

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enersea2
Business & Finance

Cable carousels for Scottish cable factory under construction in Dubai

UAE’s Subsea Cable Assets (SCA) has begun the production of cable carousels destined for Sumitomo Electric’s cable factory in Scotland. The Dubai-based EPIC contractor SCA has appointed the Dutch Enersea to design six cable carousels and loading towers for the Japanese end customer. The carousels ar

about 1 year ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies needs more time to restart all fields at huge North Sea gas project

As bad weather interfered with its plans, delaying the production from remaining fields, TotalEnergies has amended its timeline for the full production capacity from all fields at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
Illustration/CETO wave energy array
Business & Finance

CETO Wave Energy Ireland receives ‘milestone’ EuropeWave payment

Carnegie Clean Energy’s subsidiary, CETO Wave Energy Ireland (CWEI), has secured a milestone payment of €203,437 under the EuropeWave Phase 3 contract. According to Carnegie, the funding recognizes the completion of design reports for the company’s CETO wave energy converter (WEC), marking an impor

about 1 year ago
Source: Mermaid Subsea Services (UK)
Business & Finance

‘Monumental year’ for Mermaid Subsea as it breaks North Sea decommissioning record

Aberdeen-headquartered Mermaid Subsea Services (UK) has plugged and abandoned (P&A) 30 wells in the UK North Sea during 2024, claiming that this is the highest number of vessel-based well decommissioning operations ever completed in a single year within the region. The work was carried out using the

about 1 year ago
FPSO Liza Destiny; Credit: SBM Offshore
Business & Finance

SBM Offshore sells third FPSO offshore Guyana to ExxonMobil

SBM Offshore has divested another floating production, storage, and offloading (FPSO) unit, which is working off the coast of Guyana, enabling ExxonMobil to take possession of the third FPSO deployed at the Stabroek block.

about 1 year ago
Nexans to link Swedish island to mainland under ‘substantial contract’
Business & Finance

Nexans to link Swedish island to mainland under ‘substantial contract’

Nexans has secured a contract with Swedish transmission system operator (TSO) Svenska kraftnät to deliver subsea and onshore cables for an electricity connection project that will strengthen the electricity supply between the island of Gotland and mainland Sweden. As part of the contract described a

about 1 year ago
Transocean Norge; Source: Transocean
Business & Finance

Two oil & gas firms strike trade-off deal ahead of drilling ops

OKEA and DNO have made arrangements to exchange partial stakes in two prospects off the coast of Norway, which are slated to be drilled with Odfjell Drilling and Transocean semi-submersible rigs.

about 1 year ago
$900M contract win lands on Saipem's desk for Shell's project in Nigeria
Business & Finance

$900M contract win lands on Saipem’s desk for Shell’s project in Nigeria

Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off the coast of Nigeria. As part of the contract with Shell Nigeria Exploration and Production Company Limited (SNEPCo), Saipem will deliver t

about 1 year ago
Allseas begins prep work for Australia's 'largest-ever' offshore decommissioning job
Business & Finance

Allseas begins prep work for Australia’s ‘largest-ever’ offshore decommissioning job

Allseas has begun the planning and preparation for what it says is the largest-ever offshore decommissioning assignment in Australia, encompassing the removal of up to 12 retired platforms. Allseas has been appointed by Esso Australia, a subsidiary of ExxonMobil Australia, to remove 12 topsides and

about 1 year ago
Main Pass I jack-up rig; Source: Shelf Drilling
Business & Finance

After rig suspension, Shelf Drilling releases 42-year-old jack-up from active duty

Shelf Drilling has decided to remove its 1982-built jack-up rig from active service, following a recent suspension of operations in the Middle East.

about 1 year ago
EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus
Business & Finance

EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus

The European Commission has approved, under EU State aid rules, a €3 billion German-Dutch scheme to support the production of renewable fuels of non-biological origin (RFNBOs), including renewable hydrogen, throughout the world.

about 1 year ago
SAIC
Business & Finance

COSCO, SIPG take a 20% stake in Chinese logistics player SAIC Anji

Chinese state-owned transportation service conglomerate COSCO SHIPPING Group and terminal operator Shanghai International Port Group (SIPG) have invested in SAIC Anji Logistics, a logistics unit owned by Shanghai-based SAIC Motor Corp, each obtaining 10% of the company’s shares.

about 1 year ago
DeepOcean stays alone in contract with Equinor as TechnipFMC opts out
Business & Finance

DeepOcean stays alone in contract with Equinor as TechnipFMC opts out

Norwegian ocean services provider DeepOcean is taking 100% ownership of the pipeline repair and subsea intervention (PRSI) Pool Services contract with Equinor, formerly operated in a joint venture (JV) with TechnipFMC. To remind, Equinor has operational responsibility for what is said to be the worl

about 1 year ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

Noble drillship gets multi-well drilling job in Africa

Noble Corporation has landed a new drilling campaign in western Africa, which one of its drillships will carry out off the coast of Ghana.

about 1 year ago
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