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Saipem's underwater drone hits milestone with six-month-long uninterrupted operations
Business & Finance

Saipem’s underwater drone hits milestone with six-month-long uninterrupted operations

Saipem’s Hydrone-R underwater intervention drone has achieved uninterrupted subsea operations for nearly six months, performing remotely operated works and autonomous missions on Equinor’s Njord oil and gas field offshore Norway. The Hydrone-R, whose operations are fully supervised from Saipem’s ons

about 2 years ago
Provaris finalizes $3 million standby funding facility for hydrogen development plans
Business & Finance

Provaris finalizes $3 million standby funding facility for hydrogen development plans

Provaris Energy secured a two-year $3 million standby facility to provide a funding alternative for the hydrogen development plans in 2024/25.

about 2 years ago
FPSO Errea Wittu concept; Source: ABB
Business & Finance

MODEC entrusts Seatrium with topsides integration deal for Guyana-bound FPSO

MODEC has put Seatrium in charge of topsides integration on an FPSO, which will be deployed at ExxonMobil’s oil development offshore Guyana.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

With repairs ongoing, TotalEnergies anticipates full technical capacity at North Sea gas project later this year

TotalEnergies is working on fixing an issue that has sprung up at its recently restarted natural gas redevelopment project in the Danish North Sea.

about 2 years ago
Aker BP seeks to simplify subsea ops with ROCS order
Business & Finance

Aker BP seeks to simplify subsea ops with ROCS order

Norwegian oil and gas player Aker BP has awarded compatriot subsea technology company Optime Subsea with a contract to develop and deliver multiple remotely operated controls systems (ROCS) for use on the Norwegian continental shelf (NCS). Aker BP has placed an order with Optime Subsea for the renta

about 2 years ago
European
Business & Finance

ESPO study: European ports in need of €80 billion investment by 2034

European ports will need multi-billion euro investments in the next decade in order to be fit for the future, a new study found.

about 2 years ago
Illustration; Source: TGS
Business & Finance

Fresh OBN data acquisition deal for TGS in North America

Norway’s energy data and intelligence provider, TGS, has won an ocean bottom node (OBN) data acquisition contract in North America that is expected to take over six months to complete.

about 2 years ago
Trinity Exploration & Production
Business & Finance

Canadian oil & gas firm bringing UK-headquartered player into its fold

Touchstone Exploration has set the wheels in motion to acquire all of the issued and to be issued ordinary share capital of Trinity.

about 2 years ago
Illustration; Source: ADES
Business & Finance

Egyptian oil & gas firm books jack-up rig on 21-month drilling gig in Gulf of Suez

ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).

about 2 years ago
FSRU Excelsior; Source: Excelerate
Business & Finance

Germany’s LNG terminal operator turns to KN Energies for work at Wilhelmshaven 2

KN Energies has widened its footprint in Germany with its first deal to provide technical operation and maintenance services to an LNG terminal in the country.

about 2 years ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

BP and Eni’s Angolan JV makes its first foray into Namibia’s ‘highly prospective’ Orange Basin

Azule Energy a joint venture between BP and Eni, has struck its first international deal since its creation in 2022 to enter Namibia.

about 2 years ago
FPSO Polvo; Source: BW Offshore
Business & Finance

BW Energy ties up loose ends for acquisition of FPSO being redeployed at Brazilian field

BW Offshore has brought the sale of an FPSO vessel to an end, thanks to BW Energy upholding its end of the bargain.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

With third and final license batch, 82 awards put forward so far in UK’s 33rd oil & gas round

The NSTA has offered 31 more licenses across 88 blocks/part blocks in the most recent phase of Britain’s 33rd oil and gas licensing round.

about 2 years ago
Illustration; Source: SSEN Transmission
Business & Finance

UK setting the stage for construction of $5 billion subsea green electricity superhighway in autumn

The development of an HVDC cable connection, which is said to be the longest ever built in Great Britain, is moving forward, with the construction works slated to kick off this autumn.

about 2 years ago
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