Norwegian company Reach Subsea has made charter agreements for two vessels to meet the increasing demand in the subsea services market.Reach Subsea has expanded its capacity by securing charters for both the Northern Maria and Olympic Taurus vessels…
Offshore drilling contractor Borr Drilling has secured contract commitments totalling 495 days and $82.2 million in revenue for three of its jack-up rigs, excluding mobilization and demobilization compensation.Firstly, BW Energy has extended…
Swedish marine energy company Minesto has reached a key milestone with the delivery of first electricity to Faroe Island’s grid from its 1.2MW utility-scale Dragon 12 tidal energy device.In the early morning of February 9, the Dragon 12 device…
The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark have announced an intention to release a $4.2 million funding opportunity to advance floating offshore wind energy systems.The announcement…
A consortium, led by Toshiba and Aquatera, has been awarded $1.9 million UK government funding to design a pilot microgrid project that will be powered by wave energy on a remote island in Thailand.Aside from Toshiba Europe and Aquatera, the consortium also includes Eco Wave Power…
EthosEnergy has signed a five-year master service agreement (MSA) with Harbour Energy for maintenance and support services across three production assets in the North Sea.The agreement, with an option to extend, will see EthosEnergy becoming…
Swedish tidal energy company Minesto has secured a $267,000 grant (SEK 2.8 million) from the Swedish Energy Agency to upgrade its mooring system.The grant will support the development and testing of the next generation mooring system by co-funding…
Norwegian oil and gas company Aker BP has declared an option to extend the contract for Eidesvik Offshore’s supply vessel Viking Lady.The contract extension runs from February 2025 in direct continuation of the current contract, extending the firm period to February 2026…
U.S.-based offshore drilling company Diamond Offshore has secured new contract with Serica Energy in UK and extension with BP in the Gulf of Mexico, adding $360 million of additional backlog.Diamond Offshore secured two-year contract extension with a subsidiary of BP in the U…
Danish shipowner CBED has signed a contract with Hughes Subsea, a subsidiary of OEG Energy, for Wind Evolution’s first offshore project, just three weeks after acquiring the service operation vessel (SOV).With the new walk-to-work contract,…
The Norwegian Offshore Directorate has granted Neptune Energy Norge a drilling permit for the new exploration well at Duva field in the North Sea.The permit is for the 36/7-5 S wildcat well at Duva field (production license 636) which will be done using Deepsea Yantai semi-submersible drilling rig…
Deltic Energy has entered into an agreement with Dana Petroleum for the farm-out of its 25% interest in Shell-operated license containing the Selene Prospect in the North Sea.The transaction, in combination with the existing Shell UK carry,…
The Norwegian oil and gas operator DNO has entered into an agreement to acquire a 25% interest in the Arran field on the UK Continental Shelf from ONE-Dyas.The transaction, made through DNO’s wholly-owned subsidiary DNO Exploration UK, is expected…
French energy major TotalEnergies and offshore drillship operator Vantage Drilling have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship.Pursuant to the terms of the agreement…
AGR, part of Oslo-listed marine consultancy ABL Group, has been awarded a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf.Under the framework agreement…
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