French energy major TotalEnergies and offshore drillship operator Vantage Drilling have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship.Pursuant to the terms of the agreement, TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%.Leveraging on Vantage’s deep offshore drilling experience and longstanding collaboration with TotalEnergies…
Dutch company Sif Group has signed the final contracts with Equinor and Polenergia for the supply of 100 monopiles for the Bałtyk II and Bałtyk III offshore wind projects.Manufacturing of the monopiles is scheduled for the second quarter of…
Wilhelmsen and Thyssenkrupp announced on September 29 their joint venture company, Pelagus 3D, marking the entry of a new player into global maritime and offshore services market.'Pelagus 3D envisions to be the largest one-stop, on-demand digital…
U.S. manufacturers reported business activity declined for the second month running in December and the sector appears to be on the leading edge of a recession. The slowdown in manufacturing and freight has already dampened consumption of diesel and other distillate fuel oils…
Oil major Shell has partnered with Kongsberg Ferrotech in a project that is developing tools to repair subsea assets using 3D printing technology.'Since 2021, Kongsberg Ferrotech has worked in a joint industry project with the partners Equinor…
Subsea cable supplier JDR Cable Systems (JDR) has started construction of its new subsea cable manufacturing facility in Cambois, near Blyth, Northumberland, UK.The 69,000-square-meter factory will be operational by 2024. According to JDR, the £130 million ($148…
CorPower Ocean has teamed up with composite machinery specialist Autonational and composite tank experts CPT Tankwell to develop its first commercial-scale hull in Viana do Castelo (Portugal), using a custom-built machine, installed inside an environmentally controlled work cell…
VAALCO Energy on Monday announced the successful drilling of the South Tchibala 1HB-ST well, offshore Gabon. The well was drilled from the Avouma platform in the Etame field, offshore Gabon. The company said it had discovered significant columns of multiple hydrocarbon-bearing sands in the Dentale…
UK-based subsea battery specialist Verlume, formerly known as EC-OG, said Thursday it had joined with consortium partners to progress the development of an autonomous underwater robot that moves like a fish to enable efficient offshore inspection regimes in harsh and hard-to-reach environments…
The Irish government on Thursday set out climate targets for key sectors of the economy it said were needed to cut greenhouse gas emissions by 51% by 2030, a plan it said will require around 125 billion euros ($144 billion) of private and public investment…
Offshore cable maker JDR Cable Systems on Tuesday announced plans for UK government-backed Northumberland-based manufacturing facility, creating 170 UK jobs.The subsea cable and umbilical supplier and servicer, part of the TFK Group, will open a subsea cable manufacturing facility in Cambois…
Danish wind turbine maker Vestas said Monday it would cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark, where it employs 650 people in total.In Germany, Vestas’ factory in Lauchhammer, which scaled-down activities two years ago…
GE Renewable Energy said Thursday it has partnered up with Fraunhofer IGCV and voxeljet AG in a research to develop the world’s largest 3D printer for offshore wind applications in order to speed up the production of key components of GE’s Haliade-X offshore wind turbine…
Siemens Gamesa and GRI Renewables Industries will invest more than $360 million into offshore wind manufacturing facilities in northeast England.Siemens Gamesa will invest a total of $258m to expand its blade manufacturing site located near…
Underwater pipeline repair is an unavoidable and also fairly intensive activity within the offshore industry. There’s a lot of it on the seabed, some of it is old and/or subject to corrosive substances and even damage by anchor or trawler gear…
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