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Outlook & Strategy

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Boskalis vessel back to work in North Sea following dry dock in Spain
Outlook & Strategy

Boskalis vessel back to work in North Sea following dry dock in Spain

Boskalis’ 2012-built construction support vessel (CSV) BOKA Northern Ocean has completed a period in dry dock in Spain for certain modifications and is now back at work. In a few weeks, the 100-ton knuckle boom deck crane was overhauled and relocated and an anti-roll tank was installed under the hel

about 2 months ago
Illustration: Source: Wood Mackenzie
Outlook & Strategy

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an

about 2 months ago
Illustration; Source: Vallourec
Outlook & Strategy

French firm enters deal for bioenergy with CCS projects in Brazil

French tubular solutions provider Vallourec and Syngular Solutions, a Brazilian engineering and consulting company specialized in bioenergy with carbon capture and storage (BECCS) and carbon capture, utilization and storage (CCUS) projects, have signed a memorandum of understanding (MoU) to collabor

about 2 months ago
IMO approves new safety guidelines for ammonia-fueled ships
Outlook & Strategy

IMO approves new safety guidelines for ammonia-fueled ships

The International Maritime Organization (IMO) has approved the new safety guidelines for the use of ammonia as fuel on gas carriers, providing a practical framework to manage the associated safety risks, particularly its toxicity and handling requirements. The guidelines were developed through colla

about 2 months ago
Contract with Shell’s JV marks Strohm’s entry into Egypt
Outlook & Strategy

Contract with Shell’s JV marks Strohm’s entry into Egypt

Dutch manufacturer of thermoplastic composite pipe (TCP), Strohm, has secured its first contract in Egypt, with Burullus Gas Company, a joint venture (JV) between EGAS, Shell and Petronas. Strohm will supply a 2,000-meter flowline for one of the West Delta Deep Marine (WDDM) projects offshore Egypt,

about 2 months ago
Reach Subsea and Beacon Offshore jointly pursuing subsea projects in Australia
Outlook & Strategy

Reach Subsea and Beacon Offshore jointly pursuing subsea projects in Australia

Norwegian Reach Subsea and Thailand-based subsea services provider Beacon Offshore have established a strategic partnership to pursue subsea projects offshore Australia. Under a memorandum of agreement (MoA), the companies will collaborate exclusively to market, tender for, and execute subsea projec

about 2 months ago
After Shell, Malaysian firm gets to work for Petronas
Outlook & Strategy

After Shell, Malaysian firm gets to work for Petronas

Malaysian offshore soil investigation and geotechnical engineering services company Helms Geomarine has performed an offshore geotechnical investigation campaign for Shell offshore Sarawak. The campaign was carried out for Sarawak Shell Berhad using the DP2 geotechnical survey vessel Keyfield Helms

about 2 months ago
Reach Subsea charters Solstad vessel for 2+1 Black Sea contract
Outlook & Strategy

Reach Subsea charters Solstad vessel for 2+1 Black Sea contract

Norway’s Reach Subsea has secured a contract with an undisclosed company for inspection, maintenance, repair (IMR) and light construction services in the Black Sea. The two-year contract has been signed with a charterer that is providing remotely operated vehicle (ROV)-based subsea operations, const

about 2 months ago
Hong Kong firm targets more green methanol from China
Outlook & Strategy

Hong Kong firm targets more green methanol from China

Hong Kong-headquartered Venture Energy, focused on the procurement and trading of clean fuels, has signed a memorandum of understanding (MoU) with CSSC Science & Technology (CSST) and China Shipbuilding Trading Co. (CSTC) that establishes a long-term offtake framework for green methanol supply. Unde

about 2 months ago
Illustration; Source: Archer
Outlook & Strategy

Archer acquires Scottish firm to expand subsea and rigless P&A capabilities

Oslo Stock Exchange-listed oil services company Archer is set to acquire isol8, a Scottish well technology company focused on alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). The completion of the transaction is expected

about 2 months ago
Viridien starts multi-client OBN survey in Central North Sea
Outlook & Strategy

Viridien starts multi-client OBN survey in Central North Sea

French geophysical services company Viridien has begun a multi-client ocean bottom node (OBN) survey in the Central North Sea, spanning the UK and Norwegian sectors. The dense multi-client OBN survey covers 645 km2 in the Frigg area, with the final processed deliverables to be available in the third

about 2 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Outlook & Strategy

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 2 months ago
Shell’s JV in Egypt appoints Oceaneering for offshore installation
Outlook & Strategy

Shell’s JV in Egypt appoints Oceaneering for offshore installation

Oceaneering has won an integrated offshore installation contract with Burullus Gas Company, a joint venture of Egyptian General Petroleum Corporation (EGPC) and Shell Petroleum, for a gas field development project offshore Egypt. The contract was awarded to the company’s Offshore Projects Group for

about 2 months ago
Ammonia-fueled two-stroke engine passes second FAT
Outlook & Strategy

Ammonia-fueled two-stroke engine passes second FAT

Following what was described as the world’s first type approval (TAT) and factory acceptance testing (FAT) for this type of engine some three months ago, Swiss marine power company WinGD has completed another FAT for its ammonia-fueled two-stroke marine engine. Built by Yuchai Marine Power (YCMP), t

about 2 months ago
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