This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.
TechnipFMC has secured a contract with Shell for what is said to be the first integrated engineering, procurement, construction, and installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K). Under the contract deemed as “substantial”, TechnipFMC will m
Valaris has landed a batch of new contracts and extensions across multiple geographies for three floaters and six jack-ups in its rig fleet.
UK-headquartered oil and gas engineering services business Plexus Holdings has secured a contract valued at over £1 million to deliver equipment and services for multiple plug and abandonment (P&A) activities in the North Sea. Under the contract with an undisclosed client, Plexus will provide Exact
Fugro has opened a new office in South Korea as part of a joint venture with South Korean marine technology company UST21 in support of the local offshore wind sector. The new office called Fugro UST21 and located in Incheon will provide geo-data solutions for South Korea’s offshore renewable energy
A new legislation has been introduced to the Australian parliament to bolster safety for the offshore oil and gas workforce in Commonwealth waters
Denmark’s Wavepiston has opened its next capital raise with the aim of supporting the critical objectives of operating its full-scale wave energy system, among other things. Wavepiston reported that it had on February 8 installed its first full-scale energy collector on the Wavepiston string at the
U.S.-based NOV has received an order for what is said to be the industry’s first electric subsea crane. NOV reported that its Lifting & Handling group had sold the first electric subsea crane to a company in Europe at the end of 2023. “We are excited about the market’s response to our electric subse
Solstad Offshore has joined forces with Pon Power and Caterpillar Marine to scale up fuel efficiency across its vessels and slash its emissions.
Offshore repair works for the Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, are set to start at the beginning of next month. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnecto
Equinor has drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry.
Norway’s energy giant Equinor has signed a long-term frame agreement for diving intervention services with compatriot SubseaPartner. The frame agreement focuses on contingency preparedness for Equinor as the principal user, in addition to 23 other operating companies participating in the Pipeline Re
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has acquired the French wind propulsion specialist Airseas. The French company, a spin-off of Airbus Group, has developed the Seawing, an automated kite system using wind power. The system has the potential to help vessels reduce up to 20% of
U.S. energy major New Fortress Energy (NFE) has completed the sale of its 20% equity interest in Energos Infrastructure to funds managed by alternative asset manager Apollo Funds. NFE said the company intends to use net proceeds from this transaction for general corporate purposes, including repayin
