Oilfield services giant Baker Hughes said Friday it had secured two 'major' contracts from the Norwegian oil and gas company Vår Energi.The first contract, a nine-year engagement, is for well intervention. In addition to the interventions scope…
Danish power cable maker NKT has been awarded a combination of five on- and offshore power cable projects embedded in a long-term framework agreement by the German transmission system operator 50Hertz.According to NKT, with a combined value of about 3…
The Norwegian Petroleum Directorate (NPD) has granted consent for the start-up of production from the Equinor-operated Breidablikk field in the North Sea, offshore Norway.According to NPD, which will change its name to Norwegian Offshore Directorate from January 1…
Offshore installation firm Subsea 7 said Wednesday it had secured a major subsea contract.Subsea 7 defines a major contract as being over USD 750 million.The company did not say who the clients were, apart from saying that it had received a client recommendation to execute…
Maersk Supply Service has secured a contract extension in Angola for its Subsea Support Vessel Maersk Involver for an additional 15 months.The Danish vessel owner said Monday that under the extended contract, the vessel and crew would support various subsea operations off the coast of Angola…
Offshore installation firm Subsea 7 and SLB's OneSubsea, as part of their Subsea Integration Alliance, have signed a memorandum of understanding (MoU) aimed at forming a framework agreement with BP for integrated subsea developments.Under the framework agreement…
UK-based trade body Global Underwater Hub (GUH) is working to tackle failures in underwater cables, which, it says, could derail global offshore wind ambitions.GUH says that the reliability of subsea cables is “paramount” to the success of offshore wind and the energy transition…
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil.Under the scope of the contract, of an undisclosed value…
CRP Subsea, an AIS company, has been awarded a contract by Ørsted to provide NjordGuard, an integrated cable protection system, for the Greater Changhua 2b & 4 offshore wind farms in Taiwan. CRP Subsea will supply a total of 142 NjordGuard cable protection systems…
Norwegian offshore vessel owner DOF has signed a letter of intent with an unnamed 'major oil company' for an extension of a large Subsea service contract in the Atlantic region.The extension will become effective in November 2023. Estimated revenue from the contract is approximately $60 million…
Seabed survey and ocean research company Ocean Infinity has signed a contract with Equinor Wind US LLC, for one of the first-ever floating offshore wind farms on the US West Coast. Under the terms of this contract, Ocean Infinity will undertake…
Norwegian offshore support vessel firm DOF said Monday it had won three new service contracts with the Brazilian oil firm Petrobras.'The contracts were originated by a competitive bid process won by DOF and include work within our core service lines for Survey and Inspection…
ROV-specialist Forum Energy Technologies (FET) has launched a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector.'With increasing ROV asset investment across hydrocarbon and offshore renewable energy…
With a plethora of low-cost ROV manufacturers entering the market, VideoRay made the strategic decision to re-focus the company on selling fewer, but much higher value units. The strategy has paid off, and revenues have soared year-on-year since…
The UK North Sea Transition Authority (NSTA) is expected to take on the role of offshore hydrogen transport and storage regulator following the conclusion of a consultation on the proposal.The move is intended to support the industry by enabling…
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