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‘Important milestone’ for UK firm as it takes over the rains from Petrofac for North Sea FPSO and cluster
Business & Finance

‘Important milestone’ for UK firm as it becomes operator of North Sea FPSO and cluster

Anasuria Operating Company (AOC) has replaced Petrofac as the installation and pipeline operator for a cluster and an FPSO in the North Sea.

about 4 years ago
More acreage for Shell and APA off Uruguay
Business & Finance

More acreage for Shell and APA Corporation off Uruguay

Uruguay’s state-owned ANCAP has awarded three offshore blocks under its 2022 Open Bidding Round to Shell and APA Corporation.

about 4 years ago
An aerial photo of the Eneco Luchterduinen offshore wind farm in the Netherlands
Business & Finance

In focus: More countries opting for renewables instead of fossil fuels

More and more countries around the world are preparing to shift to renewable energy and gradually quit the fossil fuel game with dozens of new commitments, projects, and initiatives announced in the week behind us.

about 4 years ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business & Finance

Saipem adds another jack-up rig to its fleet

Ocean Challenger, the asset management company of CIMC Raffles, has entered into a charter contract with Saipem for a jack-up drilling rig.

about 4 years ago
Subsea Integration Alliance stays together for another seven years
Business & Finance

Subsea Integration Alliance staying together for another seven years

Subsea 7 and Schlumberger have signed an agreement to renew the Subsea Integration Alliance for a further seven years and continue to jointly develop subsea solutions for deepwater developments. Subsea Integration Alliance is a non-incorporated alliance between Subsea 7 and OneSubsea, Schlumberger’s

about 4 years ago
JDR joins Science Based Targets initiative
Business & Finance

JDR joins Science Based Targets initiative

UK’s JDR Cable Systems has joined the Science Based Targets initiative (SBTi) and has set targets to reduce its emissions and impacts. In its announcement, JDR stated that it is very motivated about plans to grow its business and deliver more cable products and services which will bring more renewab

about 4 years ago
Idle fleet reactivation on the rise as high oil prices spearhead offshore investments, Westwood says
Business & Finance

Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says

Westwood reveals an uptick in offshore E&P investment and rig count with the demand for OSVs resulting in more idle fleets being reactivated.

about 4 years ago
Italy invests €700M to double interconnection with Greece as first link celebrates 20th birthday
Business & Finance

Italy invests €700M to double interconnection with Greece as first link celebrates 20th birthday

Italian transmission system operator (TSO) Terna is planning to invest €700 million to double the electricity exchange capacity between Italy and Greece, expected to facilitate a higher integration of renewable sources. The plan was announced on the day that Terna celebrated 20 years of the first su

about 4 years ago
Tungsten Explorer drillship
Business & Finance

After Cyprus gig, ultra-deepwater drillship from Vantage heading to Africa

Vantage has secured a new contract with TotalEnergies for one of its ultra-deepwater drillships, which is currently operating in the Mediterranean.

about 4 years ago
Environmental impact assessment provider wanted for Malta-Sicily interconnector
Business & Finance

Environmental impact assessment provider wanted for Malta-Sicily interconnector

Government-owned InterConnect Malta has launched a tender looking for a provider of an environmental impact assessment for the Italian part of the second Malta to Sicily electrical interconnector. The selected party will be in charge of analyzing the environmental impacts, if any, of the laying of t

about 4 years ago
Pioneering Spirit vessel
Business & Finance

After fast-track removal, Pioneering Spirit takes latest Valhall load to Stord

Pioneering Spirit is back in Stord, Norway to deliver multiple decommissioned platform facilities removed from the Valhall field complex, located in the North Sea.

about 4 years ago
Kupe field platform off New Zealand - Beach Energy
Business & Finance

Plans are in motion to fully develop New Zealand gas field

Beach Energy plans to further develop its Kupe gas field, located offshore New Zealand, by drilling of up to two development wells.

about 4 years ago
New offshore cable logistics and rental firm coming to market
Business & Finance

New offshore cable logistics and rental firm coming to market

UK’s Swan Hunter and the Norwegian PASSER Group have agreed to merge their cable rental and logistics operations into a new company that will service the offshore energy sector. PASSER LARS (Logistics And Rental Solutions) will provide existing and new clients within the offshore energy markets with

about 4 years ago
Empyrean Energy
Business & Finance

Empyrean makes up its mind to drill ‘robust and large’ target off China

Empyrean has made up its mind to embark on the second phase of exploration drilling in Block 29/11 to drill another prospect offshore China.

about 4 years ago
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