The supply/demand balance in the subsea vessel market is shifting as activity levels rise markedly across many of the sectors these vessels support. Operators and contractors need to be decisive in securing the assets they need, according to Jonathan Lints of broker Clarksons Platou (Offshore)…
Integrated logistics and materials management firm ASCO has won a contract with Petrofac to provide logistics and supply base services for Phase One of IOG's development project in the Southern North Sea (SNS).Petrofac, as Well Operator for IOGs’ development of the Southwark…
Abu Dhabi National Oil Company (ADNOC) has started virtual meetings with potential investors ahead of the planned initial public offering of its drilling unit, two sources told Reuters.Banks working on ADNOC Drilling are scheduling calls with local…
Ineos Oil & Gas UK has hired Maersk Drilling's harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea. The contract is scheduled to start in the third quarter of 2021…
Norway-based Axess Group has secured an 'Enterprise of Competence' service contract with Aibel’s fabrication yard in Laem Chabang, Thailand, for the Dogger Bank Substation A, to be deployed at the first of three phases of the Dogger Bank Wind Farm – the world’s largest offshore wind project…
Denmark-based offshore wind developer Ørsted has named Richard Hunter as its Chief Operating Officer (COO) and new member of the Executive Committee of Ørsted as of June 1, 2021. Hunter joins Ørsted from a position as President of Rail Control Solutions and Wayside in Bombardier Transportation…
UK-based oil and gas firm IOG, developing Core Project Phase 1 in the UK North Sea, has awarded the Phase 1 Duty Holder contract for Installation and Pipeline Operator, as well as facilities operations and maintenance (O&M), to ODE Asset Management (ODE AM)…
Danish offshore drilling company Maersk Drilling has sold the jack-up rig Maersk Guardian to New Fortress Energy. The two firms have also signed a deal for the sale of the jack-up rig Mærsk Gallant with anticipated closing in June 2021. The…
Dutch offshore equipment firm SMST recently signed a deal with DOF Subsea to deploy a motion-compensated gangway from the SMST rental fleet aboard one of DOF Subsea's offshore vessels.SMST said this week that the gangway was installed a few weeks ago on DOF Subsea's Skandi Constructor vessel…
Offshore wind turbine maker GE Renewable Energy has signed a deal with Japan's Toshiba Energy Systems to localize crucial manufacturing phases of GE's giant 12-14 MW Haliade-X offshore wind turbine and to support the turbine's commercialization in Japan…
Swedish developer of twin offshore wind turbine technology Hexicon has this week said it will develop a demonstrator project for floating wind power at Metcentre’s deepwater area off of Norway’s coast. 'The project, TwinWay, is a pilot to commercialize new offshore floating wind technology…
Oil and gas company Spirit Energy has received consent for the extended use of the facilities on the Vale offshore field in Norway.The Vale gas field is located in the North Sea, 16 kilometers north of the Heimdal field. The field is developed…
Russia's largest oil producer Rosneft on Friday reported first-quarter net income of 149 billion roubles ($2 billion), buoyed by a recovery in oil prices, after a $2.1 billion loss a year earlier.Earnings at the group, which is around one-fifth owned by BP…
Oil and gas company Rockhopper Exploration said Friday that it had received notice that a final decision in its arbitration against Italy over the Ombrina Mare Field in the Adriatic Sea could come in July.The oil company started arbitration…
Venezuela's Socialist party-controlled National Assembly on Thursday ratified an 'anti-blockade' law, as President Nicolas Maduro seeks to attract private investment to boost the OPEC nation's struggling economy despite U.S. sanctions.The law…
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