State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC…
Brazilian oil company Petrobras has awarded Italy's Saipem a new contract worth $940 million for the delivery of subsea umbilicals, risers, and flowlines (SURF) for the installation of a rigid riser-based subsea system for a project offshore Brazil…
Ashtead Technology, a UK-based offshore energy services and technology company, announced Thursday that it had received strong support from new institutional investors and will begin trading on the London Stock Exchange's Alternative Investment Market on Tuesday…
Scottish floating tidal turbine developer Orbital Marine Power has entered a strategic partnership with offshore energy services giant TechnipFMC ( to speed up the global commercialization of Orbital’s tidal energy technology. TechnipFMC will also become a shareholder in Orbital…
Norwegian offshore engineering firm Aker Solutions has said it has won a 'substantial' contract with Petrobras to provide a subsea production system and related services for the Mero 4 project, offshore Brazil. Aker Solutions defines a substantial…
Exxon Mobil Corp on Wednesday offered to lease a half million acres off the Texas coast, securing space for what could become a massive project to capture and store carbon emissions.Under pressure by investors to address climate change, Exxon…
Hiber, a company that describes itself as the satellite-enabled IoT scale-up, is bringing its HiberHilo remote well-integrity monitoring technology in the Middle East to assist oil and gas operators in the region in monitoring their remote wells via satellite connectivity…
Oilfield services company TechnipFMC has said it has won 'a large' contract with ExxonMobil, to supply the subsea production system for the Yellowtail development in the U.S. oil major's Stabroek Block, offshore Guyana.For TechnipFMC, a “large” contract is between $500 million and $1 billion…
James Fisher Renewables (JF Renewables) has said it has completed the first part of a two-phase contract to investigate unexploded ordnance (UXO) and potential archaeological features ahead of the installation of export cables for RWE’s Sofia Offshore Wind Farm…
Subsea services provider Reach Subsea has charters with shipowner Olympic Subsea of three modern subsea vessels for the 2022 season.Reach will be chartering the Olympic Artemis, Olympic Delta, and Olympic Challenger vessels, which are fully…
Saipem, an Italian energy industry construction and installation services provider, has secured two new offshore contracts in Australia and Turkey totaling more than $600 million for transportation and installation activities.In Australia, Chevron…
Marine power cable company NKT has completed the power cable system connecting the 950 MW offshore wind farm Moray East in the UK to shore.NKT has commissioned the power cable project comprising three 220 kV HVAC power cable systems for the…
Subsea services company DeepOcean has said it has won a frame agreement contract with an undisclosed US-based operator.The deal is for the delivery of engineering, project management, and vessel support to execute 'a wide range' of subsea activities throughout 2022…
Dutch marine contractor Boskalis will install inter-array cables at Ørsted's for the German Borkum Riffgrund 3 and Gode Wind 3 offshore wind farms. Boskalis said Wednesday that the contract would include the transport, installation, and burial of a combined total of 106 inter-array cables…
France-based offshore cable manufacturer and installation contractor Nexans announced Tuesday it has officially opened its transformed high voltage subsea cable plant in Charleston, S.C.From the Charleston facility Nexans will deliver subsea cables up to 525kV HVDC and 400kV HVAC…