Philippine holding firm Prime Infrastructure Capital Inc aims to put new wells at the country's only major natural gas project into commercial operation in 2026, and is seeking other fields to ensure long-term output, its CEO told Reuters on Wednesday…
Dutch offshore survey firm Fugro and Brazil's national oil company Petrobras have completed what they say is Brazil's first-ever remote subsea inspection survey.Fugro said that the technology trial was carried out with the aim of minimizing risk and improving sustainability during inspection…
Norwegian offshore vessel owner Rem Offshore on Tuesday announced it has secured multiple contracts for several of its platform supply vessels (PSV).Rem Cetus, Rem Insula and Rem Server have been extended for one year with Apache North Sea Limited in the U…
Norwegian subsea services firm Reach Subsea said Monday it had signed three-year frame agreement with Equinor for work on the Norwegian continental shelf and internationally to 2026. The agreement covers the full spectrum of Reach Subsea services…
Moscow has not been informed about the progress of an investigation into last year's Nord Stream pipeline blasts and has handed in a report to prove this to the United Nations, a senior diplomat said on Tuesday.Russia has prepared an 'official document' based on its correspondence with Denmark…
A federal judge has dismissed a lawsuit filed by New York and New Jersey residents challenging preliminary government plans for offshore wind farm development off the Atlantic coast.U.S. District Judge Dabney Friedrich in Washington, D.C., said [last] Thursday that the U…
Norwegian offshore vessel owner Solstad Offshore has sold the anchor-handling tug supply vessel Far Sabre for an undisclosed fee.The 2008-built vessel has been in layup since 2019. Delivery of the vessel to the new owner took place on Tuesday…
John Wood Group has sold its offshore labor supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.The sale was for a cash consideration of $17 million, with Wood retaining working capital. This represents an EV/EBITDA multiple of around 8x…
Norwegian state energy firm Petoro reported on Tuesday more than a doubling of its annual earnings thanks to soaring gas prices and said it expected the world to need petroleum supplies 'for a long time to come.'The oil and gas company's net profit rose to a record 539 billion Norwegian crowns ($50…
Offshore wind organizations Norwegian Offshore Wind in Norway and JWPA in Japan signed an MOU in Tokyo to get business going between the two countries' offshore wind companies. 'Both the Norwegian supply chain and developers are interested in the emerging Japanese market…
Anchor handling specialist Viking Supply Ships will take two Ocean Yield-owned AHTS vessels, Far Senator and Normand Statesman, on bareboat charters for a period of five years. The vessels have since October 2020 been on a charter with Normand Chartering…
UTEC, a Geo-services brand in Acteon’s Data and Robotics division, has launched “iSite Subsea,” a cloud-based platform enabling 360° visualization of subsea assets and data. According to UTEC, the solution has been designed to meet the needs…
Offshore installation company Ocean Installer has won a contract with Equinor for the installation of dynamic inter-array cables on Hywind Tampen in Norway.Hywind Tampen is the world’s largest floating wind farm and will be used to partially power Equinor's oil and gas platforms in the North Sea…
One of President Vladimir Putin's top allies said on Monday that the United States and Britain were sowing deceptions that a pro-Ukrainian group blew up the Nord Stream gas pipelines on the bed of the Baltic Sea last year.Last week the New York Times reported that intelligence reviewed by U…
Offshore wind developers Ørsted and Eversource said Monday they had submitted a joint proposal in response to Rhode Island's offshore wind solicitation. Ørsted said that the proposed project, named Revolution Wind 2, would, if selected, create 'hundreds…
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