MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts…
Oil major BP has simplified its organization structure and made executive team changes in an effort to streamline its business operations.BP said it will continue to have three businesses - production and operations, gas and low carbon energy…
DEME has been awarded two contracts from cable solutions provider Prysmian for the engineering and installation works for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands, whose combined worth is over $315 million…
Norway's Equinor has been granted a development consent for two extensions on offshore wind projects in Britain, the energy producer said in a statement on Thursday.'With these extensions, Equinor’s wind farms in Norfolk will power nearly 1…
Balmoral Comtec, a Balmoral Group company and provider of buoyancy, protection and insulation services to the global offshore energy market, has secured a multi-million-pound contract from TechnipFMC to supply more than 600 buoyancy modules for Equinor’s Rosebank project…
BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…
Marine seismic acquisition firm Shearwater Geoservices and Mondaic, a provider of proprietary software and services for high-resolution 3D imaging, have entered a strategic collaboration for development and use of full waveform inversion solutions…
UK-based offshore vessel designer Chartwell Marine has started the construction of its new Brevity Class crew transfer vessel (CTV) at the Diverse Marine shipyard, becoming the latest in its growing pipeline of new vessel builds to supply the global offshore wind market…
Norwegian technology firm Vissim has secured a contract from Indonesian national energy company Pertamina to install a new marine surveillance system at its PAPA ONWJ oil platform in Indonesia.Norwegian technology company Vissim’s scope of supply is to deliver radar technology…
Norwegian oil and gas company Vår Energi has made an oil discovery at Ringhorne Nord in the North Sea, while drilling the exploration well with Odfjell Drilling’s Deepsea Yantai semi-submersible rig.The discovery was made in wells 25/8-23 S and 25/8-23 B…
DEME’s DP3 offshore installation vessel Orion has departed for the United States to prepare for the installation of 176 foundations on the Coastal Virginia Offshore Wind (CVOW) project, following the wrap up of works at the 882 MW Moray West offshore wind farm in Scotland…
Britain's EnQuest is looking to sell its 27% stake in the Golden Eagle oilfield in the British North Sea as it seeks to reduce debt levels, two sources told Reuters on Tuesday.It was unclear how much the sale of the non-operated stake would raise…
Moreld Ocean Wind and Lykomitros Steel have signed a memorandum of understanding (MoU), outlining the joint aim to win floating offshore wind projects in Europe. The MoU will see Moreld Ocean Wind, an independent technology provider specializing in floating offshore wind solutions…
The industry consortium behind the Ocean Charger project, led by Vard, has completed the demonstration of the charging solution in a port as well the connection solution offshore, proving the technology designed to supply clean power to offshore wind vessels is ready for the market…
HSM Offshore Energy has rolled out the topside for ONE-Dyas’ N05-A platform, which, once fully constructed, will be the first electrified gas production platform in the North Sea that runs completely on offshore wind power.HSM reached the milestone at its yard in Schiedam…
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