Abu Dhabi-based industrial AI company AIQ and US maritime intelligence firm Quartermaster have signed a strategic collaboration agreement to explore AI-enabled maritime safety and security solutions for offshore energy operations.The agreement…
Kongsberg Maritime has secured a contract to provide safety and automation systems for Equinor's planned Wisting floating production, storage and offloading (FPSO) vessel, part of the development of one of the largest undeveloped oil discoveries on the Norwegian Continental Shelf…
CM Energy is progressing work on an integrated cable-handling and marine equipment package for a new Asso.subsea vessel, expanding its involvement in the European offshore wind market.The contract covers specialist cable-handling equipment and associated marine systems for the vessel…
Aker Solutions has received a letter of award (LOA) from PTSC Mechanical and Construction (PTSC M&C) for detailed engineering work on the redevelopment of QatarEnergy's Maydan Mahzam oil field offshore Qatar.The scope covers detailed design services for several offshore installations…
BP has sold a 5% stake in Norwegian oil and gas producer Aker BP for approximately $1.06 billion (NOK 9.83 billion), reducing its ownership from 15.9% to around 10.9% as it moves to strengthen its balance sheet.The company said proceeds from the sale would be used to strengthen its balance sheet…
Energy technology company Baker Hughes has launched a global Mature Assets Solutions (MAS) hub network aimed at helping oil and gas operators increase production efficiency, improve recovery and extend the life of existing fields.The network…
Offshore well decommissioning specialist Well-Safe Solutions has completed a plug and abandonment (P&A) campaign involving three subsea wells using its Well-Safe Defender semi-submersible rig, with operations carried out West of Shetland and in the northern North Sea…
Aker BP and its partner Equinor have drilled a dry appraisal well at the Freke oil and gas discovery in the North Sea offshore Norway, failing to prove additional hydrocarbon volumes.The appraisal well, 15/6-18 S, was drilled in production license 1139…
Subsea7 has secured a contract from Aker BP for subsea pipeline and infrastructure work on the Lyra field development in the North Sea offshore Norway.The contract, worth between $150 million and $300 million, covers engineering, procurement…
DNV has issued a Statement of Feasibility for Aker BP and Höegh Evi's concept to transport liquefied carbon dioxide (CO2) by shuttle carriers and inject it directly into subsea wells for permanent storage at the Atlas project offshore Norway…
Norwegian oil firm Aker on Thursday reported a 50% rise year-on-year in third-quarter profit as Middle East supply disruptions boosted prices for North Sea oil and gas.Aker BP's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $3…
Seatrium announced that it has entered into a Memorandum of Understanding (MoU) with global floating power solutions specialist Karpowership to pursue a joint venture to develop floating power and infrastructure solutions in Singapore, with…
Equinor and Aker BP have launched a strategic collaboration to develop challenging oil and gas discoveries in tight reservoirs on the Norwegian Continental Shelf (NCS), targeting resources with an estimated recovery potential of around 2.8 billion barrels of oil equivalent…
Norwegian engineering company Aibel has been awarded a front-end engineering and design (FEED) contract for the topsides of the planned Wisting production vessel, as the Equinor-led partnership advances work towards a potential investment decision for the Barents Sea development…