Shearwater Geoservices has agreed to sell the vessel SW Baret to an undisclosed buyer for conversion into a dedicated source vessel.The agreed sales price exceeds the vessel’s carrying book value and is expected to result in a gain in Shearwater’s accounts…
Oilfield services firm Archer has secured a three-year contract extension from Equinor for wireline and intervention services on the Norwegian Continental Shelf.The extension builds on an integrated wireline contract originally awarded in 2021 and provides continued operational visibility…
Equinor has secured a permit from the Norwegian Offshore Directorate (NOD) to drill a wildcat well in the Barents Sea.The permit is for wellbore 7220/5-EC-2 H in production license 532.The license is operated by Equinor with 46.3%, with partners Vår Energi holding 30% and Petoro the remaining 23…
Portugal's Galp Energia reported a 41% jump in first-quarter adjusted core profit on Monday, beating expectations on higher oil output in Brazil and stronger crude prices.The energy firm reported adjusted earnings before interest, taxes, depreciation…
The changing shape of the oil and gas landscape presents both an opportunity and a challenge for well decommissioning. Well decommissioning, particularly the safe execution of plug and abandonment (P&A) operations, represents a significant opportunity…
Njord Survey has secured a three-year framework agreement with Equinor for pipeline inspection and integrity work across European waters.The contract includes an option to extend for one additional year and covers geophysical surveys and offshore operations…
The American Bureau of Shipping (ABS) and Fleet Robotics have signed a memorandum of understanding to collaborate on autonomous robotic systems for hull cleaning and inspection.The agreement, announced at Singapore Maritime Week, aims to support…
IQIP, EnBW and Vattenfall have announced plans to carry out a full-scale offshore monopile installation using EQ-Piling technology at a wind site in German waters.The installation will take place at the Dreekant offshore wind farm, owned and developed by EnBW…
Well-Safe Solutions has secured a multi-year contract with Apache North Sea to decommission platform and subsea wells in the Forties Field.Work is set to begin in 2026, with Well-Safe leading project management, engineering and offshore delivery of the decommissioning program…
With one year since the last AHTS report, we have now started to see the effects of a tightening supply-demand balance as earlier predicted, which has translated into a significant uptick in the North Sea spot market especially.The total global AHTS fleet totals just south of 1…
Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global…
European transmission system operators (TSOs) have signed a memorandum of understanding to explore cooperation on offshore cable infrastructure in the North Sea.The agreement aims to improve the affordability, efficiency and reliability of Europe’s electricity system as offshore wind capacity grows…
The European Union is considering dropping its opposition to new oil and gas drilling in the Arctic, the Financial Times reported on Wednesday.The EU has been pushing for an international ban on new oil and gas drilling on environmental grounds since 2021…
UK-based Global OTEC has installed a floating ocean thermal energy conversion (OTEC) prototype off the Canary Island in Spain.The platform is designed to generate electricity by using the temperature difference between warm surface water and cold deep ocean water…
Vattenfall and Fred. Olsen Seawind have agreed that Fred. Olsen Seawind will take full ownership of the Muir Mhòr floating offshore wind project in Scotland.The change will be executed through a share sale, with Vattenfall selling its stake to its joint venture partner…