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Deepwater Asgard drillship; Source: Transocean
Business & Finance

Transocean drillship’s Gulf of Mexico drilling campaign extended by 365 days

Transocean has picked up a multi-million contract extension in the U.S. Gulf of Mexico for a drillship working for Hess Corporation.

about 2 years ago
Greek TSO opens tender for submarine power cables
Business & Finance

Greek TSO opens tender for submarine power cables

Greek electricity grid operator Independent Power Transmission Operator (IPTO) has launched a tender for submarine AC cable that would be used for Aegean Islands interconnectors. IPTO has launched the tendering process for the conclusion of a framework agreement regarding submarine AC cable for the

about 2 years ago
FPSO Atlanta is destined to work on Enauta's Atlanta field off the coast of Brazil; Source: Yinson Production
Business & Finance

New merger in the offing giving birth to one of Latin America’s ‘largest and most diversified’ oil & gas players

Enauta has set the wheels into motion to bring into being a larger and more diversified independent oil and gas company in Latin America by proposing a business combination with a compatriot player, 3R Petroleum Óleo e Gás.

about 2 years ago
MOL to invest in US developer of marine battery systems
Business & Finance

MOL to invest in US developer of marine battery systems

MOL PLUS, the investment division of Japanese shipping company Mitsui O.S.K. Lines (MOL), has decided to invest in Fleetzero (FZ), a US developer and manufacturer of marine battery systems and EV vessels.

about 2 years ago
Harvey H. Ward jack-up rig is currently working in Middle East for Aramco (for illustration purposes); Source: Shelf Drilling
Business & Finance

Suspension of gigs for four jack-up rigs deals a blow but Shelf Drilling’s fleet outlook still ‘optimistic’

Shelf Drilling has acknowledged the issues arising from a suspension of operations for four jack-up rigs in the Middle East.

about 2 years ago
Pilot field development plan; Source: Orcadian Energy
Business & Finance

New operator takes the reins at UK’s huge undeveloped field ahead of development plan submission

Orcadian Energy has divested a lion’s share of its interest in a giant undeveloped North Sea field and passed the operatorship baton to Ping Petroleum UK.

about 2 years ago
Dutch 2012-built vessel getting ready for first UXO identification job
Business & Finance

Dutch 2012-built offshore support vessel getting ready for first UXO identification job

The 4-Winds offshore support vessel that recently commenced a long-term charter with Netherlands-headquartered N-Sea is getting ready for its first unexploded ordnance (UXO) identification job. N-Sea reported in November 2023 that it was strengthening its fleet and subsea activities by entering into

about 2 years ago
Perenco
Business & Finance

Oil & gas operator determined to find root cause of fatal fire incident on offshore platform

Perenco has taken steps to get to the bottom of a fire incident, which took place at its offshore platform located off the coast of Gabon.

about 2 years ago
Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Ca
Business & Finance

Oceaneering’s cable manufacturing facility granted Fit 4 Offshore Renewables status

Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Catapult. F4OR is a program designed to help prepare the UK supply chain to bid for work in the offsho

about 2 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Will Great Britain unlock offshore energy opportunities worth hundreds of billions?

Policymakers have been urged to put supportive policies and competitive taxes in place to enable the UK to seize domestic energy opportunities.

about 2 years ago
The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Researc
Business & Finance

UK’s Industrial Doctorate Centre for Offshore Renewable Energy secures $7.5M funding

The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Research Council (EPSRC), allowing the program to continue delivering education and expanding the partnersh

about 2 years ago
New guidance to aid North Sea industry in managing CO2 storage sites
Business & Finance

New guidance to aid North Sea industry in managing CO2 storage sites

UK regulator North Sea Transition Authority (NSTA) has published two sets of guidance expected to help the industry prepare for first carbon storage injection. The UK Government last year set out its vision for the carbon storage industry pledging up to £20 billion investment and suggesting that it

about 2 years ago
French firm launches hybrid ROV made for USV applications
Business & Finance

French firm launches hybrid ROV made for USV applications

Paris-headquartered provider of smart remotely operated vehicle (ROV) assets and services Forssea Robotics has introduced its newborn ROV developed for uncrewed surface vessel (USV) integration and shallow water deployments. According to Forssea Robotics, the ARGOS-X ROV has been optimized for offsh

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

Shell hands out FEED work for Brazil-bound FPSO to MODEC

Shell has picked MODEC to provide the front-end engineering and design (FEED) services for an FPSO) destined to work off the coast of Brazil.

about 2 years ago
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