Norway's Aker Offshore Wind and its and its majority owner Aker Horizons have entered into a cooperation agreement with Statkraft to explore possibilities for collaboration on offshore wind power projects on the Norwegian Continental Shelf (“NCS”)…
Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…
Subsea services company DeepOcean has completed the wind-down of its UK Cable Lay & Trenching business.DeepOcean had in November 2020 said it had started a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (the “CL&T Group”)…
UK-focused oil and gas firm Jersey Oil & Gas (JOG), on Tuesday announced a significant increase in 2C contingent resource estimate for the Buchan oil field, within the Greater Buchan Area ('GBA') in the UK North Sea.Dynamic reservoir modeling…
Swedish oil and gas company Lundin Energy has not found commercial quantities of hydrocarbons at its exploration well targeting the Bask prospect in the southern Barents Sea, off Norway.The main objective of the well, drilled by the company's Norwegian subsidiary Lundin Energy Norway…
Organizers of Subsea Expo, dubbed the world’s largest underwater engineering event, said Tuesday that the event will not be taking place this year, citing lockdown restrictions, rising infection cases, and new variants of the coronavirus in the UK…
Belgium-based offshore installation firm DEME has installed the first wind turbine at RWE Renewables' 857MW Triton Knoll Offshore Wind Farm in the UK. DEME is responsible for the transportation and installation of the 90 MHI Vestas V164-9.5 MW turbines…
Offshore drilling contractor Stena Drilling has signed a drilling contract for its Stena Don semi-submersible drilling rig with the oilfield services giant Petrofac.Stena Drilling said in a social media post on Monday that the drilling operations were due to start in July…
Dutch offshore services and subsea cable storage provider company Oceanteam has said it has secured an extension for a storage contract of 100+ kilometers of subsea cable with one of Europe’s biggest cable manufacturers.Oceanteam did not say who the client was…
Norwegian offshore drilling contractor Odfjell Drilling has signed a letter of intent with the oil company Lundin Energy for the use of its semi-submersible drilling rig Deepsea Stavanger.The letter of intent is subject to the finalization of the contract and final approvals from involved parties…
UK-based Premier Oil has announced the proposed appointment of Alexander Krane as Chief Financial Officer.Krane will be appointed with effect from the later of completion of the merger with Chrysaor and April 15, 2021. He will replace Richard…
Oil and gas company Spirit Energy Norway has entered into five-year framework agreements with Subsea 7, TechnipFMC, and DNV GL.'The agreements are a continuation of a new type of supplier collaboration that was started in 2015, and which has…
Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea, ship tracking data showed on Friday, amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.Work on Nord Stream 2 pipeline…
Dutch offshore lifting equipment company KenzFigee has secured a five-year deal to provide lifting services for Dana Petroleum North Sea FPSOs.Under the contract, KenzFigee will provide its services on Dana Petroleum's ‘Triton’ and ‘Western Isles’ FPSOs…
Shell, Mitsubishi Heavy Industries (MHI), Vattenfall, and municipal company Wärme Hamburg are planning to jointly produce hydrogen from wind and solar power at the Hamburg-Moorburg power plant site and utilize it in its vicinity. In addition…