Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300 million in cash, scrapping an earlier agreement to sell the vessel to Saipem for $272.5 million.The Oslo-listed company has…
Industrial services provider Bilfinger has secured two maintenance contracts in the United Kingdom, covering offshore operations at Ithaca Energy’s Cygnus gas field and onshore services at the St Fergus SAGE Terminal operated by Wood.The first…
Dutch offshore services provider Boskalis, in consortium with TKF Subsea Solutions, has signed a contract with OWP Gennaker, as developed by Skyborn Renewables, for the supply and installation of inter-array cables for the Gennaker offshore wind farm in the German Baltic Sea…
Odfjell Technology has agreed to acquire a 70% ownership stake in Kaseum Holdings and Razor Oiltools, two companies focused on lightweight intervention and plug and abandonment (P&A) services.The acquisition is aimed at strengthening Odfjell Technology’s position in technology-led…
Dutch offshore oil services company SBM Offshore announced a 57% annual surge in shareholder returns to a record $470 million (397.8 million euros) on Thursday and said it will return at least $2.1 billion to investors over six years.The Amsterdam…
Italian energy group Eni beat forecasts on Thursday with a 35% year-on-year jump in fourth-quarter adjusted earnings, driven by a strong performance in its exploration and production division and improved refining results.Adjusted net profit came in at 1…
Italian oil contractor Saipem is ready to resume activities in Venezuela for both offshore and onshore projects after the easing of U.S. sanctions, Chief Executive Alessandro Puliti said on Wednesday.'Things in Venezuela are changing very quickly…
Worley Limited has been awarded a five-year engineering, procurement and construction management (EPCM) services contract by Energinet Brint to support Phase 1 of Denmark’s Hydrogen Backbone pipeline.The Danish Hydrogen Backbone 1 project will…
Kongsberg Maritime has been selected to supply a fully integrated equipment package for a next-generation ultra-large cable laying (CLV) vessel being built for LS Marine Solution at Tersan Shipyard in Türkiye.The vessel, designed to support…
Shell and Greece’s METLEN have signed a memorandum of understanding (MoU) to establish a framework for cooperation in the supply and trading of liquefied natural gas (LNG).Under the agreement, the two companies plan to supply and trade approximately 0…
Dajin Offshore has signed a $13.1 million contract with Poland’s state-owned Szczecin Shipyard Wulkan to fabricate at least 40 ready-to-install internal platform sets for foundations for the Nordseecluster B offshore wind project in the German North Sea…
Danish wind turbine maker Vestas has received a firm 92-turbine order for RWE’s 1.38 GW Vanguard West offshore wind project in the United Kingdom.Vestas will be responsible for the supply, delivery and commissioning of the V236-15.0 MW turbines for the project…
Saipem has introduced an artificial intelligence (AI)-based predictive maintenance system onboard its ultra-deepwater drillship Saipem 12000, aiming to improve operational efficiency and offshore safety.The system uses real-time data and artificial…
Retrofit specialist GLO Marine has announced a $7 million (€6 million) investment in a new integrated assembly and production facility in Galați, Romania, as it seeks to expand its end-to-end vessel upgrade and decarbonization capabilities.The new facility will allow the company to engineer…
Norwegian marine seismic survey services firm SeaBird Exploration, part of SED Energy Holdings, has secured a contract extension for its Fulmar Explorer seismic survey vessel.SeaBird Exploration has signed a three-month contract extension for…