Mooring systems provider SOFEC has informed that it has delivered the Upper Tower and Mooring Support & Yoke Structures for MODEC’sFPSO Miamte MV34 which will be deployed for Eni in Mexico.SOFEC was awarded a contract by MODEC in October 2018…
Alfa Laval has won a deal to supply Framo pumping systems for the foundations at Seagreen offshore wind farm, Scotland's largest offshore wind farm project.'It is the second order for pumping systems in this application and marks an important…
Sweden-based engineering group Trelleborg said Monday it had signed an agreement and finalized the divestment of its offshore oil and gas operation in Skelmersdale, England.'The company is part of the overall offshore operation in the Businesses Under Development reporting segment…
Former CEO of MHI Vestas Offshore Wind, Jens Tommerup, joins the board of the Danish renewable energy technology company Floating Power Plant.Floating Power Plant, which is developing a combined wind and wave device, said Monday Tommerup believed…
Oilfield services giant Baker Hughes and Norway's Akastor on Monday said they would create a joint venture that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth).MHWirth provides advanced drilling solutions and services…
As the maritime industry steams toward decarbonization, the path to zero emissions will include many stepping stones. Wärtsilä’s Compact Reliq is a step change in efficiently reliquefying boil off gas (BOG) on LNG carriers, as Lasse Wichstrøm…
Neptune Energy announced appraisal drilling commenced Monday on the Dugong discovery, one of the largest on the Norwegian Continental Shelf in 2020.The well is being drilled by the Deepsea Yantai, a semi-submersible rig owned by CIMC and operated by Odfjell Drilling…
U.S.-based oil major ExxonMobil said on Monday activist investor Jeffrey Ubben and Michael Angelakis have joined its board.Angelakis is chairman and CEO of independent strategic investment company Atairos. Prior to founding Atairos, he served…
Offshore accommodation rig owner Prosafe reports it has won a contract for one if its units in the U.K. sector of the North Sea.The Safe Boreas will provide gangway connected operations supporting the Buzzard platform complex from mid-April 2021…
Norwegian owner Offshore Heavy Transports (OHT) said its newbuild vessel Alfa Lift has been floated-out from its drydock at China Merchants Heavy Industry (CMHI) shipyard in Jiangsu, China. The semisubmersible heavy installation vessel, which…
Optime’s subsea system, Remotely Operated Controls System (ROCS) has completed a successful subsea operation for Aker BP, the company reports. The ROCS is designed to eliminate the umbilical during well completions, and it was deployed during…
Hedge funds have reduced their position in petroleum futures and options for the first time in 16 weeks, the first weekly net sales since the first successful coronavirus vaccine trials were announced in early November.Hedge funds and other…
Oil prices open March 2021 on a strong note, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.Brent crude was up 63 cents or 1% at $65.05 a barrel by 1150 GMT…
Maersk Training UK (MTUK) has appointed a new managing director as the company looks to expand its offering to the North Sea energy sector. Leonardo Machado joins MTUK having previously been managing director of the company’s operations in Brazil for six years…
2020 is a year that’ll be remembered for many reasons. COVID-19 aside, it’s been a turning point for the offshore industry, one where net-zero solutions have been top of the agenda, including within well abandonment.Industry and regulators have…
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