Offshore Energy News


Ocean Installer Grabs Major Contract for TotalEnergies' Girassol Life Extension

Jan 03, 2024

Ocean Installer, in consortium with Oceaneering, has secured a significant contract from TotalEnergies EP Angola and its Partners of Block 17 on Girassol FPSO life extension project offshore Angola.Ocean Installer will manage, engineer, and execute the project…

UK-Denmark 1.4GW Subsea Interconnector Starts Operating

Jan 03, 2024

The Viking Link, said to be the world’s longest land and subsea electricity interconnector, became operational and started transporting power between the UK and Denmark.The $2.15 billion (£1.7 billion) link stretches for 475 miles between UK and Denmark…

Aker Solutions to Pilot Subsea Power Distribution System for Floating Wind

Jan 03, 2024

Aker Solutions has signed a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to pilot new subsea power system technology which has the potential to reduce costs and complexity of offshore wind farms…

Valaris Lands $519M Drillship Deal for Búzios Oil Field Development

Jan 02, 2024

Offshore drilling company Valaris has secured a multi-year contract for drillship VALARIS DS-4 with Petrobras offshore Brazil following a competitive bidding process.The a 1,064-day contract is anticipated to start late in the fourth quarter 2024…

Aker BP Hires Contractor for New Oil Spill Detection Solution

Jan 02, 2024

Aker BP has contracted technology supplier Vissim to implement an upgraded oil spill detection solution at the operator’s fixed and floating installations on the Norwegian continental shelf.Aker BP will equip installations Valhall, Ula, Edvard Grieg…

Seatrium Gets Shell’s Contract for Sparta Floating Production Unit

Jan 02, 2024

Seatrium has been awarded a contract by Shell to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible floating production unit (FPU).The contract includes the installation of Shell-furnished equipment…

OKEA and Equinor Agree Closing of Stratfjord Acquisition

Jan 02, 2024

Norwegian oil and gas company OKEA has moved forward with the acquisition of 28% stake in an offshore block in Stratfjord Area from Equinor after it was postponed following updated projections for the field.OKEA agreed to acquire Equinor’s 28%…

Vår Energi Concludes Sale of Brage Oil Field

Dec 29, 2023

The sale of 12,2575% interest in the Brage field offshore Norway, from Vår Energi to Petrolia Noco, has been approved by the authorities and was completed on December 29, 2023.The Brage field is a late life producing asset located in the North Sea…

EIG to Buy Brazil’s Only FPSO Operator in $390M Deal

Dec 29, 2023

EIG, an institutional investor in the global energy and infrastructure sectors, has entered into definitive agreements to acquire a Brazilian-based offshore oil and gas solutions provider and the country’s only FPSO operator Ocyan for $390 million…

TGS Wraps Up 410-Day OBN Survey Campaign Offshore Guyana

Dec 28, 2023

Marine seismic data company TGS has completed a series of Ocean Bottom Node (OBN) surveys offshore Guyana, setting a record for the longest deepwater node survey campaign.On December 1, 2023, the final node recovery marked the culmination of…

All Clear for Fincantieri’s Acquisition of Remazel Engineering

Dec 28, 2023

Advanced Technology Industrial Group, a company controlled by Alpha Private Equity, has reached an agreement for the sale of 100% of Remazel Engineering to Italian shipbuilding giant Fincantieri.The anticipated completion of the transaction…

Petrobras Acquires Stake in Three Blocks Offshore West Africa

Dec 28, 2023

Brazil's state-run oil company Petrobras has acquired stakes in three exploratory blocks in São Tomé and Príncipe through a competitive process conducted by Shell.Petrobras acquired a 45% stake in blocks 10 and 13 and a 25% stake in block 11…

QatarEnergy Picks Up Five-Year Crude Supply Contract with Shell

Dec 28, 2023

Qatari oil and gas company QatarEnergy has announced a five-year crude oil supply agreement with Shell.The agreement stipulates the supply of up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oils to Shell starting in January 2024…

Taihan Secures $77.3M Offshore Wind Cabling Contract in South Korea

Dec 27, 2023

Taihan Cable & Solution has won a $77.3 million contract for the supply of subsea cables for the 365 MW Yeonggwang Nakwol offshore wind farm in South Korea, and purchased what is said to be the country's only cable-laying vessel (CLV) for the offshore wind market…

Prysmian Commissions Inter-Array Cable System at French Offshore Wind Farm

Dec 27, 2023

Prysmian Group has commissioned the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, offshore France.The Fécamp offshore wind farm is composed of 71 wind turbines with a total capacity of nearly 500MW…

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