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Minimum 200 days of work for Normand Maximus next year
Business & Finance

Minimum 200 days of work for Normand Maximus next year

Solstad Offshore has received Letters of Award from subsea contractors for the construction support vessel (CSV) Normand Maximus that combined have a duration of minimum 200 days. The Norwegian company reported on 23 December that Normand Maximus had received Letters of Award from various undisclose

about 3 years ago
Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)
Business & Finance

Minesto sets up O&M hub with port access for large-scale tidal power buildout

Swedish tidal energy company Minesto has signed a long-term lease agreement for strategic port access and onshore operations and maintenance (O&M) work site in the Faroe Islands.

about 3 years ago
Seadrill to buy Aquadrill for $958 million
Business & Finance

Seadrill enters $958 million deal to acquire Aquadrill

Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent

about 3 years ago
Transitus partners with Proteum to produce hydrogen
Business & Finance

Transitus partners with Proteum to produce hydrogen

Proteum Energy and Transitus Energy have signed a Letter of Intent (LOI) to explore joint development opportunities in the UK, Netherlands, Republic of Ireland, and Norway to produce low-carbon hydrogen. The parties intend on producing hydrogen from North Sea natural gas resources. Transitus said th

about 3 years ago
Shelf Drilling to keep jack-up rigs busy in 2023
Business & Finance

Shelf Drilling to keep jack-up rigs busy in Q2 2023

UAE-based Shelf Drilling has secured three-year contracts for two of its jack-up rigs for work offshore India, as well as a one-year contract for a rig to operate off the coast of Nigeria. Shelf Drilling reported that Compact Driller and Key Singapore had been appointed for operations in Mumbai High

about 3 years ago
Raven and Chart Industries team up on hydrogen and carbon capture
Business & Finance

Raven and Chart Industries team up on hydrogen and carbon capture

A renewable fuels company Raven SR and a manufacturer of engineered equipment Chart Industries have signed a memorandum of understanding (MoU) to collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR’s non-combustion S

about 3 years ago
Vår Energi makes 'largest discovery of the year' in Barents Sea
Business & Finance

Vår Energi makes ‘largest discovery of the year’ in Barents Sea

Norwegian oil and gas company Vår Energi has made what is said is the “largest discovery of the year” in the Goliat area in the Barents Sea offshore Norway. Vår Energi confirmed on 23 December the discovery of gas in its operated 7122/9-1 T2 Lupa well. Preliminary estimates of the size of the discov

about 3 years ago
TGS and CGG team up for survey job in North Sea
Business & Finance

TGS and CGG team up for survey job in North Sea

TGS and CGG have secured a contract to carry out the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Sleipner area of the Norwegian Continental Shelf (NCS).

about 3 years ago
EHB studies future demand and supply of hydrogen in Europe
Business & Finance

New chairwomen of EHB consortium come from Gasgrid and Enagas

Sara Kärki from transmission system operator (TSO) Gasgrid Finland and Maria Sicilia from TSO Enagás are the two new chairwomen of the European Hydrogen Backbone (EHB) consortium. “Hydrogen is a key technology for diversifying energy supply, improving energy security and resilience of the European e

about 3 years ago
Aker Solutions wins 'sizeable' contract with Wintershall Dea
Business & Finance

Aker Solutions wins ‘sizeable’ contract with Wintershall Dea

Aker Solutions has won a contract from Wintershall Dea to provide the subsea production system for the Dvalin North development offshore Norway, shortly after the plan for the development and operation (PDO) of the gas field was submitted. The Dvalin North gas field is located around 200 kilometers

about 3 years ago
Works at TKF new factory at Beatrixhaven, Photo Groningen Seaports – Koos Boertjens
Business & Finance

TKF building offshore wind cable factory in Eemshaven

Twentsche Kabelfabriek (TKF) has started the construction of a new cable factory at the Beatrixhaven site in Eemshaven, the Netherlands. According to Groningen Seaports, TKF will use the new factory to produce subsea cables to connect wind turbines from offshore wind farms to power stations. The new

about 3 years ago
Deal signed to continue development and production of two Qatari oil fields
Business & Finance

Deal signed to continue development and production of two Qatari oil fields

QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of two oil fields located in Qatar’s territorial waters. Under the five-year deal, QPD, owned by Cosmo E&P and Sojitz, will continue to act as the operator of th

about 3 years ago
RWE and Harbour Energy shake hands for carbon capture and storage
Business & Finance

RWE and Harbour Energy shake hands to pursue carbon capture and storage

RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured C

about 3 years ago
Nigeria plans bidding round for 7 deepwater offshore blocks
Business & Finance

Nigeria plans bidding round for 7 deepwater offshore blocks

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on behalf of the Federal Government, is planning to hold a mini-bid round for seven offshore blocks in order to spur new exploration and drilling activities in the country’s deep waters. The seven blocks in the Mini Bid Round cover an ar

about 3 years ago
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