Equinor, Vår Energi and Petoro will invest around $395 million (NOK 4 billion) in the first discovery tied back to the Johan Castberg field in the Barents Sea.The decision comes eight months after Johan Castberg came on stream. Recoverable oil…
ABB has verified what it calls a major advancement in vessel Dynamic Positioning (DP) technology, following successful Failure Mode and Effects Analysis (FMEA) proving trials and sea trials on board the new wind turbine installation vessel (WTIV) Norse Wind…
IFS, a provider of industrial AI software, has been selected by offshore service provider Dixstone to provide it with IFS Cloud to unify and modernize its operations across 10 countries and more than 2,200 personnel as part of a wider digital transformation strategy aimed at improving safety…
TechnipFMC has been awarded a significant contract by Ithaca Energy to deliver flexible risers, flowlines and associated subsea hardware for the Captain field development in the UK North Sea, the company said on Monday.The contract, classified…
Energy industry services firm EnerMech has named Nuno de Sousa as senior vice president for energy solutions, strengthening its technical capabilities and expanding its presence across global markets.De Sousa brings more than 25 years of experience in engineering…
Kongsberg Maritime has signed a major contract with Sea1 Offshore to deliver Launch and Recovery Systems (LARS) for the company’s four new offshore construction vessels. Each vessel will be equipped with two advanced LARS units, supporting subsea construction and ROV operations…
A world-first demonstration combining tidal power, battery storage, and hydrogen production has been completed at the European Marine Energy Centre (EMEC) in Orkney, Scotland.The demonstration successfully integrated three technologies – Orbital Marine Power’s O2 tidal turbine…
Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for $15 million in cash and shares, in a move the company said will accelerate development of its Kuda Tasi and Jahal (KTJ) oil fields project…
Subsea7 has secured a sizeable contract by Ithaca Energy, for the provision of off-station decommissioning services for the Alba floating storage unit (FPU) and Greater Stella field FPF-1 production facility, off United Kingdom.The decommissioning scope includes the flushing of the subsea pipelines…
Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI) have signed a heads of agreement to supply gas from the Andaman Sea as part of efforts to strengthen Indonesia’s energy security.The agreement establishes a framework for supplying cleaner…
Aker Solutions has signed a six-year contract extension with ConocoPhillips Skandinavia for brownfield maintenance and modification (M&M) services on the Eldfisk and Ekofisk fields offshore Norway.The new contract period starts in January 2027…
Decommissioning activity on the UK Continental Shelf (UKCS) continues to grow as operators expand campaign-based approaches and rely on advanced planning and supply chain collaboration to manage rising costs and workloads, according to the latest report from Offshore Energies UK (OEUK)…
Seatrium has secured a contract from BP for the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) in the Gulf of America.The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP…
FairWind has signed a strategic partnership agreement with Japanese turbine operations and maintenance specialist Wind Energy Partners (WEP).The move marks the latest phase in FairWind’s Asia Pacific growth strategy following the announcement…
Jifmar Group has completed the transfer of Seacontractors’ fleet of 15 workboats, finalizing a deal signed in August and strengthening its presence in the Middle East and Indian Ocean.The vessels and associated teams formally joined Jifmar on November 19…