A joint venture (JV) of UAE’s ADNOC Drilling and Alpha Dhabi is set to acquire a U.S.-headquartered provider of vision-based diagnostics and analytics services for the oil & gas sector for a consideration of approximately $45 million. The partners’ Enersol JV has agreed to acquire a 100% equity stak
Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, is extending its subsea construction capabilities into the Middle East with the award of a maiden contract in the Arabian Gulf. POSH has secured a subsea umbilicals, risers and flow
Scana-owned PSW Technology, a Norwegian provider of services and solutions to the drilling industry, has renewed a frame agreement with what it says is an international rig company. The framework agreement includes subsea services and will commence in the first quarter of 2025, extending for a perio
OneSubsea, a subsea technology and solutions joint venture (JV) backed by SLB, Aker Solutions and Subsea7, has secured a subsea boosting contract with UK’s energy major BP for a deepwater project in the U.S. Gulf of Mexico. The contract for the Kaskida project is the first engineering, procurement a
China’s ZTT Submarine Cable & System has sent off the submarine cable destined for Saudi Aramco’s field expansion project towards the project site located offshore Dhahran, Saudi Arabia. Zuluf, described as a giant offshore oil field located in the Arabian Gulf, approximately 240 kilometers north of
Brazil’s state-owned energy giant Petrobras has awarded additional contracts to energy technology company Baker Hughes for the delivery of flexible pipe systems and associated services across several pre-salt fields. As part of an agreement signed on October 15 following an open tender, the multi-ye
Norwegian shipping company Solstad Offshore has secured multiple contracts together worth around $53 million for three of its vessels to perform work in Brazil. The 2005-built anchor handling tug supply (AHTS) vessel Normand Topazio has been awarded a one-year contract with commencement this month,
Greece’s Hellenic Cables, the cable segment of Cenergy Holdings, has signed a partnership agreement with Leading Light Wind, one of the largest offshore wind farms in the U.S., to supply some of the project’s inter-array cables. Under the agreement, Hellenic Cables will supply 65 kilometers of 132 k
A geophysical and geotechnical survey are about to begin on a gas project being developed by Shell that is set to export gas from a field in Venezuela to the UK energy giant’s platform off Trinidad and Tobago, marking the start of preliminary work on the project. Chartered by Geohidra, a Venezuelan
SLB’s OneSubsea joint venture (JV) has secured what it says is a major contract with Brazil’s state-owned energy giant Petrobras to deliver the full subsea equipment scope for a deepwater project in the Campos Basin off Brazil. Following a competitive tender, OneSubsea has been appointed to deliver
A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem
Luxembourg-domiciled Subsea7 has secured yet another contract for work in the U.S. Gulf of Mexico, this time for a subsea tieback development with an undisclosed client. Under the contract defined as sizeable, meaning it is worth between $50 million and $150 million, Subsea7 is in charge of transpor
U.S. offshore engineering and construction firm McDermott has secured an engineering, procurement, construction and installation (EPCI) contract for pipelines and cables with Qatar’s state-owned oil and gas company QatarEnergy for the expansion of the 1971-discovered North Field. The contract for th
Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l
