Norwegian shipbuilder Vard has hired TMC Compressors (TMC) to supply a complete marine compressed air system to a newbuild cable laying vessel being built for Prysmian.Under the contract, whose value was not disclosed, TMC will deliver a marine…
DNV has released its latest standard, DNV-ST-F207 for hybrid thermoplastic composite flexible pipes (TCPs), which facilitates the integration of innovative technologies like carbon fiber armor into flexible riser designs to enhance efficiency and reliability for deepwater projects…
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, increasing its market share in the Asia Pacific region.The company has won two contracts…
Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design…
Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.The financing will…
German energy giant RWE has signed framework agreements with Hitachi Energy and Aibel for the joint supply of three high-voltage direct current (HVDC) systems for its offshore wind farms.The agreements are long-term in nature as the secured…
French marine seismic firm CGG has signed a memorandum of understanding (MoU) with U.S. energy services giant Baker Hughes to facilitate the parties exploring jointly offered carbon capture and storage (CCS) solutions.The collaboration and proposed…
Promethean Energy, an oil and gas company focused on stewarding mature assets, has started work on the temporary abandonment of nine orphan wells in the Matagorda Island lease area in the Gulf of Mexico on behalf of the U.S. Federal government…
Norwegian oil and gas company Vår Energi has sold stakes in five oil and gas fields in the Norne area in the Norwegian Sea for $51 million to DNO Norge, which in turn will transfer its stake in the Ringhorne East unit to Vår Energi.The transaction…
Offshore drilling contractor Seadrill on Tuesday announced it has secured new contract awards for two of its drillships.The West Capella secured a one-well contract in South Korea, with an estimated duration of 40 days, valued at approximately $32 million…
The ABS-classed Liza Unity has received the first REMOTE-CON notation for an floating production storage and offloading (FPSO) from ABS. The notation demonstrates the vessel’s alignment with remote-control functions and signifies that the design…
BP is considering a 2025 financial greenlight decision for its Tiber offshore oil project in the U.S. Gulf of Mexico, an executive said on Tuesday at an offshore energy conference in Houston.The company's U.S. Gulf of Mexico output last year averaged 300…
Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs)…
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold.The Saudi government…
Norwegian seismic firm TGS has started its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea.The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data…