The American Bureau of Shipping (ABS) has issued Approval in Principle (AiP) to the OO-STAR concrete semi-submersible foundation for floating wind turbines from Bouygues Travaux Publics, a subsidiary of Bouygues Construction.The floater can…
McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims…
Subsea7 in August announced it was awarded a 'sizable' contract, worth between $50 million and $150 million, to perform engineering, procurement, construction, and offshore installation (EPCI) work in the U.S. Gulf of Mexico.The company revealed…
Italian offshore energy services firm Saipem has been awarded two offshore contracts in Saudi Arabia under its existing long-term agreement with Saudi Aramco, whose combined value approximately $1 billion.Saipem’s scope of work under the first contract involves the engineering…
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…
Offshore engineering and construction firm McDermott has secured an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract from Shell for the Manatee gas field development, offshore Trinidad and Tobago…
Subsea Integration Alliance, a global alliance between Subsea7 and SLB’s OneSubsea, has secured a ‘sizeable’ contract from BP for the engineering, procurement, construction and installation (EPCI) of subsea pipelines and production systems at Murlach development in the North Sea…
Norwegian offshore supply vessel company DOF Group has secured multiple contracts with Petrobras for work offshore Brazil.AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts with DOF, have been contracted by Petrobras…
A potentially cost-effective, efficient means to develop remote oil & gas fieldsSubsea tieback projects are transforming the offshore oil and gas industry by enabling efficient extraction from remote fields and satellite reservoirs, an approach aiming to significantly reduce capital…
Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.Saipem’s scope of work under the first project involves the engineering…
Ocean Installer has secured the engineering, procurement, construction and installation (EPCI) contract for subsea umbilicals, risers and flowlines (SURF) scope from Equinor and its partners for the second stage of the Troll Phase 3 gas development offshore Norway…
Inyanga Marine Energy Group and Verdant Morlais (VML) have signed a memorandum of understanding (MoU) to deliver a 4.9 MW tidal stream energy project at Morlais tidal energy zone, off Wales.The project will take place in a berth close to the…
UK-based oil and gas company Dana Petroleum has awarded a contract to Subsea7 for the provision of subsea services for the Bittern field development, in the UK Central North Sea.The contract scope, whose value is between $50 million and $150 million…
Seatrium and GE Vernova have been awarded a third contract by TenneT TSO B.V. (TenneT) for the construction of a 2-gigawatt (GW) High Voltage Direct Current (HVDC) electric offshore transmission system in the Netherlands.The project is slated to begin in June 2024…
Malaysia Marine and Heavy Engineering Holdings (MHB), through its wholly owned and major subsidiary Malaysia Marine and Heavy Engineering (MMHE), has secured a subcontract to build an HVDC offshore substation (OSS) platform from Petrofac in support of TenneT’s 2GW project in the Netherlands…