Industry News


Fred. Olsen Windcarrier Secures Work at Baltica 2 Offshore Wind Farm

Jan 03, 2024

Offshore wind installation services company Fred. Olsen Windcarrier has been awarded a contract with Ørsted and PGE for the installation of wind turbines at the Baltica 2, lot 3 offshore wind farm in Poland.Fred. Olsen Windcarrier will mobilize…

Ocean Installer Grabs Major Contract for TotalEnergies' Girassol Life Extension

Jan 03, 2024

Ocean Installer, in consortium with Oceaneering, has secured a significant contract from TotalEnergies EP Angola and its Partners of Block 17 on Girassol FPSO life extension project offshore Angola.Ocean Installer will manage, engineer, and execute the project…

UK-Denmark 1.4GW Subsea Interconnector Starts Operating

Jan 03, 2024

The Viking Link, said to be the world’s longest land and subsea electricity interconnector, became operational and started transporting power between the UK and Denmark.The $2.15 billion (£1.7 billion) link stretches for 475 miles between UK and Denmark…

Galp’s Well in Namibia’s Orange Basin Shows Promise

Jan 03, 2024

Portuguese oil and gas company Galp has reported preliminary signs of hydrocarbon presence in an exploration well being drilled offshore Namibia.Galp (operator, 80%) and its partners NAMCOR and Custos (10% each) initiated the drilling campaign in PEL 83…

Aker Solutions to Pilot Subsea Power Distribution System for Floating Wind

Jan 03, 2024

Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to reduce costs and complexity of offshore wind farms…

Norwegian Petroleum Directorate Changes Name

Jan 02, 2024

On January 1, the Norwegian Petroleum Directorate changed its name to the Norwegian Offshore Directorate.The Norwegian Offshore Directorate's primary objective is to contribute to the greatest possible values for society from the oil and gas…

Valaris Lands $519M Drillship Deal for Búzios Oil Field Development

Jan 02, 2024

Offshore drilling company Valaris has secured a multi-year contract for drillship VALARIS DS-4 with Petrobras offshore Brazil following a competitive bidding process.The a 1,064-day contract is anticipated to start late in the fourth quarter 2024…

DOF Secures $60M Contract for Work on Gas Field Offshore Philippines

Jan 02, 2024

Prime Energy has extended the contract for DOF’s multipurpose supply vessel (MPSV) Skandi Hawk for work on the Malampaya gas field offshore Philippines.The contract has been extended to the end of 2027, according to Norwegian vessel owner DOF…

Aker BP Hires Contractor for New Oil Spill Detection Solution

Jan 02, 2024

Aker BP has contracted technology supplier Vissim to implement an upgraded oil spill detection solution at the operator’s fixed and floating installations on the Norwegian continental shelf.Aker BP will equip installations Valhall, Ula, Edvard Grieg…

Petrobras Inks Deals for Campos Basin Gas Transport System

Jan 02, 2024

Petrobras and Equinor have signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the Cabiúnas Gas Treatment Unit (UTGCAB).With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador field…

PetroNor Advances Its Oil and Gas Developments in Africa

Jan 02, 2024

Oil and gas company PetroNor E&P ASA has confirmed the completion of the Guinea Bissau farm-out transaction with Apus Energy DMCC for exploration licenses offshore Guinea-Bissau, and secured license for PNGF Bis in Congo.Over the Christmas holiday period…

OKEA and Equinor Agree Closing of Stratfjord Acquisition

Jan 02, 2024

Norwegian oil and gas company OKEA has moved forward with the acquisition of 28% stake in an offshore block in Stratfjord Area from Equinor after it was postponed following updated projections for the field.OKEA agreed to acquire Equinor’s 28%…

Vestas Selected as Preferred Supplier for South Korea’s 390MW Offshore Wind Farm

Dec 29, 2023

Danish company Vestas has signed has signed a preferred supplier agreement with Hanwha Corporation for the 390 MW Shinan Ui offshore wind project in South Korea.The project is developed by Shinan Ui Offshore Wind, a special purpose company established by Hanwha Corporation E&C Division…

Northland and Gentari Shake Hands for 1GW Offshore Wind Partnership in Taiwan

Dec 29, 2023

Gentari International Renewables has acquired 49% of Canada-based energy company Northland Power’s interest in Hai Long offshore wind project in Taiwan.Northland now holds 30.9% ownership interest in the overall project and will continue to…

Mermaid Secures $10M Loan to Repay Subsea Vessel Acquisition

Dec 29, 2023

Thai subsea services company Mermaid Maritime has through its subsidiary Mermaid Subsea Oil and Gas Services (MSOGS) secured a loan of up to $10 million for the acquisition of Mermaid Sapphire ROV support vessel.The loan agreement, SinoPac Capital International…

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