South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) and DNV GL have signed a framework agreement which will see them cooperate on joint development projects (JDPs) for future technologies in the shipbuilding and offshore plant industries…
After a tough handful of years with an oversupplied offshore supply vessel (OSV) market, OSV companies may be finding the tide is finally turning.At the peak of the last upturn, OSV companies were ordering newbuilds to meet projected demand…
Brazilian energy company Ouro Preto Oleo e Gas delivered the highest bid to acquire a pair of Brazilian oil clusters from state-run oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said.Petrobras, as the oil company is known…
Brazil's oil regulator ANP announced on Thursday preliminary rules for a major oil auction in the pre-salt area in the Santos basin and postponed the bidding round to Nov. 6 from Oct. 28.The preliminary rules will be in public consultation until July 3…
The light has been shone on the potential for the subsea oil and gas industry to not only play a role in but lead energy transition initiatives and new ocean industries in Norway and overseas during the Underwater Technology Conference (UTC) Bergen today…
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited…
In April, Maritime Developments (MDL) concluded a flexible installation project offshore West Africa. The work scope, commissioned by DeepOcean, saw the MDL third-generation reel drive system (RDS) used on board the Polar Onyx for installation of a 2…
iXblue said its Sea Operations division has been selected by developer EOLFI to conduct the geophysical survey of the future Groix & Belle-Île pilot floating wind farm located in the South of Brittany, off the west coast of France.The survey…
The global market for offshore wind operation and maintenance (O&M) is expected to grow by 17% annually to €11 billion ($12.4 billion) by 2028, according to new research from Wood Mackenzie Power and Renewables. The largest contributor is Europe…
Scotland-based energy equipment manufacturer and service provider Flowline Specialists announced changes to its senior management team, including the appointments of Ross Whittingham as CEO and Graeme Chalmers as COO.Whittingham, who was previously the firm’s engineering manager…
Controlled flow excavation (CFE) services expert James Fisher Subsea Excavation (JFSE) said it has developed a low draft, lightweight excavator that is primarily aimed at shallow water excavation and shore pull works, including trench maintenance during pull-in operations…
Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.As part of Norway's efforts to shift its $1 trillion 'rainy day' fund away from oil…
Subsea 7 announced Thursday it has been awarded a contract for subsea pipelines and associated marine operations in the second phase of the large scale Johan Sverdrup project, in the Norwegian sector of the North Sea.The contract, awarded by…
Brazilian state-run oil firm Petroleo Brasileiro SA said on Thursday it received final proposals for shallow water fields Polos Enchova and Pampo that surpass $1 billion in value, according to a securities filing.The transaction is still subject to internal approvals…
Netherlands-based C-Ventus Offshore Windfarm Services BV has merged with 4SEAS BV to jointly service the offshore wind industry.All personnel and activities of 4SEAS, including ongoing projects and opportunity pipeline, will join, respectively be taken over by the new company…
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