Work is underway on phase one of a major beach recycling project which, when complete, will provide improved protection against flooding to approximately 5,500 homes located in and around the town of Sheerness. The Sheerness Beach Recycling Scheme is being delivered by Team Van Oord on behalf of the
Prysmian Group has secured a contract worth around €40 million for a new submarine cable connection between the isle of Capri and Sorrento (Naples). The contract has been awarded by Terna Rete Italia S.p.A., a company fully owned by Terna S.p.A., the Italian transmission system operator. The project
TechnipFMC has signed an agreement with Island Offshore to acquire 51% stake in Island Offshore Subsea. Island Offshore Subsea provides riserless light well intervention (RLWI) project management and engineering services for plug & abandonment (P&A), riserless coiled tubing and well completion opera
Energean has entered into a loan agreement with a consortium of banks to finance further development of its Prinos, Prinos North and Epsilon oil fields in the Gulf of Kavala.
US LNG export project developer, NextDecade is planning to sign a binding engineering, procurement, and construction (EPC) deal with CB&I for its proposed Rio Grande project in the second quarter of this year. The company said this in a statement on Thursday announcing the completion of the front-en
Ørsted and the US utility Dominion Energy have signed an Engineering, Procurement and Construction (EPC) contract for the 12MW Coastal Virginia Offshore Wind project.
TE Subsea Communications (TE SubCom) has contracted Fugro to carry out a cable route survey for the proposed Havfrue cable system. The nearly 8,179 kilometers subsea cable system is comprised of a trunk cable connecting New Jersey, USA to the Jutland Peninsula of Denmark with a branch landing in Cou
GC Rieber Shipping has entered into a time charter agreement with Deepocean for the SURF vessel Polar Onyx for a fixed period of three years with options to extend by up to two years. The Polar Onyx will be used in Ghana to support Deepocean’s contract with Tullow Oil. The contract starts immediatel
Ocean Installer has received a substantial contract from Statoil for marine operations on the Johan Castberg project in the Barents Sea. Johan Castberg is amongst the largest subsea projects ever to be developed on the Norwegian Continental Shelf. The field developments spans Skrugard, Havis and Dri
Plexus Holdings has completed the sale of its Jack-up Business and the licencing of certain intellectual property to TechnipFMC. TFMC will pay an initial net consideration of £14,1 million. An additional sum of up to £27,5 million is payable dependent on the future performance of the Jack-up Busines
Oregon‐based Vigor has secured a contract to build Ocean Energy’s wave energy convertor ‘OE Buoy’. Irish-based Ocean Energy will deploy the device at the US Navy’s Wave Energy Test Site off the Hawaiian Island of O’ahu in the fall of 2018. The contract value is $6.5 million out of a total project va
The Transocean-owned GSF Development Driller-1 semi-submersible drilling, set to drill the Phoenix South-3 well offshore Australia for Quadrant Energy, has reached South Africa.
UK-based IOG has pushed back the date of first gas from the Blythe and Vulcan Satellites gas hubs in the North Sea.
Russia’s Lukoil has increased its daily oil production at the Vladimir Filanovsky field in the Caspian Sea.
