Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The vessel will be equipped with launch and recovery systems (LARS) and ROVs before the delivery to Reach Subsea…
Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the future of the Nord Stream 1 gas pipeline to Germany would depend on gas demand in Europe and Western sanctions against Russia.The pipeline from Russia to Germany is undergoing annual maintenance until July 21…
Norwegian oil services firm Aker Solutions raised its 2022 revenue outlook as it sees increased activity from oil and gas companies, with tender activity heading for a new record, it said on Thursday.The company now expects its 2022 revenues to rise by around 30% year-on-year…
Norwegian shipbuilder Ulstein Verft AS said it has secured a contract from Norway-based Olympic to build two Construction Service Operation Vessels (CSOVs), with options for two additional vessels.The vessels, which are based on the ULSTEIN…
Serbia, which is fully dependent on Russian gas supplies, plans to purchase gas from Azerbaijan in 2023 when it expects an interconnector to Bulgaria's pipeline to be completed, Serbia's energy minister said on Tuesday.'We are currently talking…
Gas leaks were reported at Equinor's Sleipner offshore field on Monday, leading to the shutdown of parts of the gas field located in the North Sea, offshore Norway.According to Equinor, on Monday morning, gas leaked in a contained area related…
Cash-strapped offshore construction company Lamprell said Tuesday it had received a combined non-binding indicative all cash offer from Blofeld and Al Gihaz for the acquisition of all remaining Lamprell shares. The Blofeld and Al Gihaz have a combined shareholding of 44…
Shares in Italy's Saipem fell as much as 40% on Tuesday after investors subscribed for only 70% of its 2 billion euro cash call, signaling limited confidence in the turnaround plan for the Italian energy services group.Saipem said on Monday it had raised around 1…
British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills…
Shipbuilder Vard on Friday launched its first CSOV (Commissioning Service Operations Vessel) hull built by its yard Vard Braila in Romania.The vessel, which will be used to support offshore wind work, is being built for the Norwegian firm Rem Offshore…
Norwegian offshore vessel owners Solstad Offshore, Siem Offshore, and Standard Supply have all secured offshore vessel contracts in the past few days.Solstad Offshore on Monday said it had secured a contract for the platform supply vessel Normand Swan in Australia…
ROV services firm Rovco has chartered the VOS Star vessel from owners to support the delivery of its offshore wind farm projects. The 68m long DP2 multi-purpose support vessel will support Rovco’s increasing number of secured offshore wind campaigns throughout 2022…
Dräger Marine & Offshore, a provider of marine & offshore safety systems, has opened a new facility measuring almost 2,000 m2 at ABZ Business Park in Dyce, Aberdeen.'The facility allows Dräger Marine & Offshore to stock equipment which is available for hire and deployment straight away…
The biggest single pipeline carrying Russian gas to Germany started annual maintenance on Monday, with flows expected to stop for ten days, but governments, markets, and companies are worried the shutdown might be extended due to war in Ukraine…
Oil company ConocoPhillips has drilled a dry well at the Bounty prospect in the Norwegian Sea, offshore Norway, and will plug and abandon the well.ConocoPhillips drilled the wildcat well 6306/3-2 some 30 kilometers south of the Fenja field in…