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Reach Subsea extends charter of 2007-built subsea vessel
Business & Finance

Reach Subsea extends charter of 2007-built subsea vessel

Norway-headquartered Reach Subsea has extended the charter of Olympic Subsea’s multifunctional subsea support and construction vessel Olympic Triton. Following a six-month charter of the vessel announced on 6 February, Reach Subsea reported that it had exercised the option to charter the 95-meter-lo

about 3 years ago
PSV Energy Swan; Source: Golden Energy Offshore Services
Business & Finance

Platform supply vessel secures more time with Repsol

Golden Energy Offshore Services (GEOS) has won another contract extension for one of its PSVs with Repsol.

about 3 years ago
Illustration; Source: Worley
Business & Finance

Shell gives three-year deal for its global projects to Worley

Shell Global Solutions International has picked Australia’s engineering company Worley to support its projects across the globe.

about 3 years ago
FPSO Petrojarl Knarr was picked for the Rosebank development; Source: Teekay
Business & Finance

Will Labour’s plans to turn Britain into renewables’ superpower shut down UK’s oil & gas sector?

The UK’s Labour has set its mind on bringing new oil and gas exploration in UK waters to an end while ushering in a green energy future.

about 3 years ago
EEC
Business & Finance

EEC shares insights on overcoming hurdles in permitting process for recycling of 1st ship

Netherlands-based ship recycling startup Elegant Exit Company (EEC) has received a green light from the Supreme Council for Environment (SCE) in Bahrain, a government entity in charge of the country’s environment strategy development, to move forward with the recycling of its first vessel. Elegant E

about 3 years ago
Ballast tank in which H2S was detected; Source: BSEE
Business & Finance

‘Dangerous’ concentrations of hydrogen sulfide found at offshore oil & gas facilities in U.S.

BSEE has looked into the circumstances surrounding four recent detections of hydrogen sulfide (H2S) during offshore operations.

about 3 years ago
Another preferred bidder status for Prysmian in the UK
Business & Finance

Another preferred bidder status for Prysmian in the UK

Cabling giant Prysmian has been selected as the preferred bidder for the Eastern Green Link 1 (EGL1) cable connection in the UK. The news came shortly after it was revealed that the Italian company had been selected for Eastern Green Link 2 (EGL2). Great Britain transmission grid owners SP Transmiss

about 3 years ago
Deepwater Invictus drillship (for illustration purposes); Source: BHP (now Woodside)
Business & Finance

U.S. offshore rig count takes another downward step

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down another notch last week.

about 3 years ago
Illustration/CorPower C4 wave energy device at the Port of Viana do Castelo (Courtesy of CorPower Ocean)
Business & Finance

CorPower sings praises for Portuguese wave energy suppliers

CorPower Ocean has named a Portuguese company as its ‘supplier of the year’ in recognition of the role it played in the development of its first commercial-scale wave energy converter, soon to be deployed offshore Portugal.

about 3 years ago
Illustration/Xfloat's floating solar technology (Courtesy of Xfloat)
Business & Finance

Xfloat bags $1M grant to advance floating solar technology

Israel-based company Xfloat has secured a $1 million grant to advance its floating solar technology together with the partners from the United States.

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Business & Finance

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago
ExxonMobil taps Texas-based firm for gas-to-energy project off Guyana
Business & Finance

ExxonMobil taps Texas-based firm for gas-to-energy project off Guyana

Texas-based oil and gas services company Trendsetter Engineering has secured a contract with ExxonMobil Guyana for its gas-to-energy project offshore Guyana. Under the contract awarded by Esso Exploration and Production Guyana, Trendsetter will deliver its TCS subsea connectors, hubs, and an assortm

about 3 years ago
Norwegian authority looks into Northern Lights CCS project
Business & Finance

Norwegian authority looks into Northern Lights CCS project

The Petroleum Safety Authority Norway (PSA) has completed an audit of the joint venture behind the Northern Lights carbon capture and storage project (CCS) and some of its elements. The PSA conducted an audit of the Northern Lights joint venture and the follow-up of pipelines and subsea facilities i

about 3 years ago
VLCC CMES
Business & Finance

CMES firms up deal with Dalian Shipbuilding for LNG carriers and oil tankers

Chinese shipping company China Merchants Energy Shipping (CMES) has moved forward with fleet expansion plans by signing contracts for the construction of two massive liquefied natural gas (LNG) carriers and two Aframax crude oil tankers. Dalian Shipbuilding has secured the shipbuilding contracts for

about 3 years ago
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