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An Overview of the Work Class ROV Market

Jul 25, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

Dutch Gov't Grants Subsidy for Offshore Green Hydrogen Project

Jul 23, 2021

The Dutch government has this week awarded a 3.6 million euro subsidy to the PosHYdon project, dubbed the world’s first offshore green hydrogen pilot on a working platform. With this subsidy, the companies which are part of the PosHYdon, can start up all activities for this pilot…

"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

Jul 23, 2021

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.Keppel…

Schlumberger Issues Bullish Forecast as 2Q Profit Beats Estimates

Jul 23, 2021

Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment.Global crude prices…

Large Offshore Hydrogen Park in Germany Moves Step Closer

Jul 23, 2021

Norwegian energy firm Equinor, with its partners RWE, Shell, and Gasunie signed a declaration of intent to further intensify their collaboration on the AquaSector project -  which aims to build Germany's first large-scale offshore hydrogen park…

Kuwait Oil Company gets a new Oil Spill Recovery/Offshore Support Vessel

Jul 23, 2021

The 60m RAmpage 6000-ZM vessel Koc Al Zour, built by Uzmar Shipyard, will be the largest Robert Allan Ltd. design ever built in Turkey. She is designed and constructed as a modern double azimuth stern drive (ASD) and is the most capable multipurpose…

Ocean Winds, DISA Plan to Build Floating Wind Farms in Canary Islands

Jul 23, 2021

Offshore wind developer Ocean Winds and DISA Group, a renewable electricity generation firm in the Canary Islands, have teamed up to develop offshore wind farms in the Canary Islands.Ocean Winds, formed last year as a joint venture between EDP Renewables and Engie…

Van Oord to Install Cables, Foundations at Offshore Wind Farm in Germany

Jul 23, 2021

Spanish renewables giant Iberdrola has awarded Dutch offshore installation company Van Oord a contract for the offshore installation works at the Baltic Eagle offshore wind farm in Germany.Van Oord will transport and install the foundations at the Baltic Sea project and ensure the supply…

Sapura Energy Nets $284M in Offshore Contracts

Jul 23, 2021

Malaysia's offshore services firm Sapura Energy has won new contracts worth RM1.2 billion (around $284 million) in its Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling divisions.In Engineering & Construction…

Metec to Protect Dogger Bank Offshore Wind Farm from Corrosion

Jul 23, 2021

Metec UK, a company based in South Tyneside, England, has won two multi-million pound contracts to protect the giant 3.6GW Dogger Bank wind farm from corrosion.Metec UK manufactures sacrificial anodes for the long-term protection of steel jackets…

Wärtsilä Thrusters for Chinese Offshore Wind Vessels

Jul 23, 2021

Finland's marine engine and equipment maker Wärtsilä said Friday it would deliver the steerable and tunnel thrusters for two new wind farm turbine installation vessels being built for the China Three Gorges Corporation (CTGC), a China state-owned power company…

Jan De Nul Installs Export Cables for Formosa 2 Offshore Wind Farm in Taiwan

Jul 23, 2021

Offshore installation firm Jan De Nul has installed four export cables for the 376MW Formosa 2 offshore wind farm in Taiwan. Jan De Nul used its cable-laying vessel Willem de Vlamingh to install with cables of total length of 34 kilometers.'Thanks to her shallow draft design…

Petrobras 2Q Oil Output Flat on Maintenance Stoppages, Divestments

Jul 23, 2021

Brazil's state-run oil company Petrobras on Thursday presented flat production numbers in the second quarter, as the ramp-up off some major platforms was largely offset by maintenance stoppages and divestments.In a securities filing, Petroleo Brasileiro SA…

Red Rock Cranes for Dogger Bank-bound SOVs

Jul 23, 2021

Norway-based crane maker Red Rock has won a contract with shipbuilder Vard to deliver equipment for three service offshore vessels (SOVs) Vard is building in Vietnam for the UK-based shipowner North Star Renewables. The vessels will be operating…

Transocean Sees Multiple Offshore Rig Deals Awarded, One Terminated in Q2

Jul 22, 2021

Offshore drilling contractor Transocean on Wednesday released its quarterly offshore drilling rig fleet status report, which shows one contract terminated in Norway, and several new deals secured Norway, U.S. Gulf, Brazil, Angola, Brunei, and…

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