Contracts News

 

Wood Group Raises Profit Outlook on Contract Wins; CFO to Retire

Aug 22, 2023

British oilfield services and engineering firm John Wood Group raised its expectations for annual adjusted core profit on Tuesday, betting on contract wins in its energy and materials business to sustain growth.Wood scored major contract wins worth millions of dollars from Shell and Brunei Shell Petroleum (BSP) among others in the first half of the year.The company closed its order book at $6 billion in the six-month period ended June 30…

Kraken inks $2.7m in Sonar, Subsea Battery Contracts

Aug 31, 2023

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users…

TNB Renewables, TNB Research ink LOI with SolarDuck and Hydro

Jun 16, 2023

SolarDuck will install a 780kW offshore floating solar (OFS) plant off the coast of Tioman island in Malaysia as a research project to assess technical and economic feasibility of OFS in Malaysia.As part of the global roll out of Offshore Floating Solar…

Farra Marine Orders Seven New CTVs

Mar 01, 2023

Irish crew transfer vessel (CTV) owner and operator Farra Marine has expanded its fleet of CTVs after ordering another seven vessels from Singapore-based Penguin Shipyard International. The new CTVs are part of the WindFlex-27 series, and when…

KENC Engineering Snags Key U.S. Offshore Wind Contract

Jan 30, 2023

KENC Engineering B.V. received a contract from an undisclosed party to design and build a Hammer Quick Lifting Frame. For hammering operations during the construction of two US offshore wind farms, KENC has the assignment to design and build a Hammer Quick Lifting Frame (HQLF)…

Archer Wins $50m Platform Drilling Contract

Sep 25, 2022

Archer secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with a U.K. North Sea operator.The new contract will commence November 1, 2022, in direct continuation of the…

Dolphin Drilling, IKM Gruppen Ink Deal for Drilling and Well Services

Jul 26, 2022

Dolphin Drilling signed a master frame agreement with IKM Gruppen AS for drilling and well services under its new Well Delivery Model umbrella.The frame agreement, which will initially focus on ROV services, underpins the integration of services and personnel between the two companies…

Seaway 7 Wins Transport and Installation Cables Contract Offshore US

Jul 26, 2022

Seaway 7 announced that it won a 'sizeable' [between $50-150m] contract for the transport and installation of inner-array grid cables on an offshore wind farm project in the U.S.The scope includes the transport and installation of around 160…

AKOFS Offshore Inks $282m, Four-year Deal for Aker Wayfarer

Jul 25, 2022

Akastor ASA's 50% owned affiliate AKOFS Offshore AS signed a firm contract for its vessel Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petróleo Brasileiro S.A. as client in Brazil.The duration of the contract is 1…

Seadrill Announces $361 Million In Contract Extensions

Jun 22, 2022

Offshore drilling contractor Seadrill on Wednesday announced it has been awarded contract extensions for three of its jack-up rigs for work offshore in the Arabian Gulf.The firm term of each contract is three years with commencement in direct continuation of the current contracts…

Well-Safe Protector Inks Deal for Ithaca Energy North Sea Well Decom Project

Jun 21, 2022

Well-Safe Solutions were contracted by Ithaca Energy to plug and abandon (P&A) six wells on the Anglia platform in the Southern North Sea, approximately 55km from the UK mainland. For the project Well-Safe will provide project management, well engineering and all managed delivery services…

Chevron Awards Worley Global Services Agreement

Jun 17, 2022

Worley and Chevron Corporation (Chevron) entered into a global master services agreement covering Chevron’s upstream, midstream, and downstream business needs. The agreement can be used by Chevron’s business units including those involved in…

Energy Security: Equinor Inks Deal for Winter Gas Supply with UK’s Centrica

Jun 16, 2022

Equinor and Centrica announced an agreement to deliver additional gas supplies to the UK, effectively providing energy security for the UK over the coming three winters. The new supply agreement adds around 1 billion cubic meters (bcm) per year to Equinor’s existing…

Miros Wavex Tapped to Support Saint Brieuc Offshore Wind Project

Jun 15, 2022

Miros’ dry-mounted Wavex was selected by EQUANS to collect operation-critical wave and current data on the offshore substation for the Saint-Brieuc Offshore Wind Farm, Iberdrola's first large-scale and flagship offshore wind power project in Brittany…

Danos Wins Contracts to Support GOM Decom Work

Jun 14, 2022

Oilfield services company Danos said it has been brought on to support the Promethean Decommissioning Company (PDC) and Petrofac alliance to decommission multiple facilities in shallow water fields in the Gulf of Mexico. The project, which began at the end of May…

Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

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