ABB has agreed to acquire UK-based intelligent flow control solutions provider Rotork in a recommended all-cash deal valuing the company at about $5.5 billion, expanding its automation portfolio and strengthening its position in industrial automation…
Sweden's government has granted permission for two new offshore wind farms and one onshore project while rejecting several other proposed developments, three ministers said in an op-ed published in Swedish daily Expressen on Thursday.Fyrskeppet…
French oil major TotalEnergies higher energy prices due to the war in Iran are expected to lift its second quarter profits, though liquefied natural gas income will be sharply down due to weak trading on declining European demand, according to an earnings snapshot published on Thursday…
Wärtsilä has signed a five-year lifecycle agreement with Ireland-based Pardus Energy to support the operation of the floating storage and regasification unit (FSRU) TURQUOISE P.The agreement includes contract management, maintenance planning and spare parts support for the vessel…
SMD has delivered the first of two heavy-duty power cable ploughs to Prysmian for deployment on the company's new-generation cable laying vessels (CLVs).The second system is scheduled for delivery later this year. The ploughs will be mobilized…
Principle Power has secured an operations and maintenance (O&M) support contract for the 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind project in the French Mediterranean, operated by Ocean Winds in partnership with Banque des Territoires…
Windcat has secured long-term contracts with Ørsted to provide crew transfer vessel (CTV) services supporting the offshore wind developer's operations from Grimsby in northeast England.The agreements, which began in June, have a firm term of five years with options for extension…
Norwegian oil firm Aker BP on Wednesday reported a jump in second-quarter profit as the U.S.-Israeli war on Iran drove up energy prices.Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $3.35 billion in the April-to-June quarter from $2…
Developers of floating offshore wind projects in the Celtic Sea have established a new forum to support collaboration and help maximize the benefits of offshore wind development across Wales and southwest England.The Celtic Sea Forum brings…
DeepOcean has completed subsea decommissioning work at Spirit Energy's Seven Seas and Grove West fields in the southern North Sea, recovering a subsea wellhead protection structure and disconnecting subsea infrastructure ahead of a planned rig campaign…
Norwegian offshore services provider DOF has received a letter of award for a four-year offshore contract valued between $100 million and $200 million, adding another long-term assignment to its vessel fleet.The company will deploy the anchor…
BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war.The British major flagged higher oil realizations…
Heerema Marine Contractors has reduced the North Atlantic transit time of its semi-submersible crane vessel (SSCV) Sleipnir by 2.5 days following a voyage optimization pilot with French ocean intelligence company Amphitrite.The data-driven pilot…
James Fisher and Sons and Aquaterra Energy have formed a strategic global partnership to provide integrated offshore decommissioning services, combining front-end engineering, well access, subsea operations and offshore execution under a single delivery model…
The Norwegian Offshore Directorate (NOD) has granted drilling permits to Vår Energi for two wildcat wells in North Sea offshore Norway.The first permit is for wellbore 35/6-7 S in production license 929, operated by Vår Energi with 40% stake…