McDermott has opened a welding and technology center of excellence at the Oilfields Supply Center in Dubai's Jebel Ali Freezone. It encompasses over 4,100 square meters of office and workshop space and capacity for 250 personnel.The new premises…
The holiday season would not be the same without the top festive videos shared by offshore industry companies which we, now traditionally, include every year to get us in that merry mood.This year, some of the companies - like Stena Drilling…
Lankhorst Offshore has secured a contract to supply mooring lines to for the Culzean floating wind project in Scotland, set to provide clean power to oil and gas platform in the North Sea.Lankhorst Offshore has been awarded a contract by Delmar Systems…
Brava Energia has signed contracts, worth approximately $200 million, for the integrated campaign in Atlanta and Papa-Terra fields, with an option to develop Malombe through a tieback to Peroa, offshore Brazil.The campaign will begin in the fourth quarter of 2025…
Acteon, through its moorings and anchors business line, InterMoor, and Applied Fiber have signed a Memorandum of Understanding (MoU) to collaborate on mooring solutions for various global offshore markets, from oil and gas to gigawatt-scale floating offshore wind…
Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million.Yinson Production sold its 11.8% stake in Yinson Boronia Consortium…
Esgian highlights several new contracts in its Week 39 Rig Analytics Market Roundup.Report SummaryContractsMarket sources indicate that ADNOC has exercised an extension option for the 350-ft jackup drilling rig Aryabhatt 1 in Abu Dhabi.Petrobras…
Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has secured operating license for a floating, production storage, and offloading (FPSO) unit Atlanta, ahead of production of first oil through the new platform from the Atlanta field offshore Brazil…
Esgian provides an update on new contract awards for Greatship, Transocean, Noble and Stena Drilling in its Week 36 Rig Analytics Market Roundup.Report SummaryContractsGreatship has secured a contract with Cairn for its 350-ft Greatdrill Chetna jackup drilling rig in India…
IK Group launched Norclamp, a new company dedicated to meeting the rising demand for subsea pipeline repairs.In response to the increasing need for maintenance solutions in the subsea pipeline repair segment, IK Group spun off its repair clamp business unit from IK Subsea to establish Norclamp…
Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands…
Italian offshore energy services firm Saipem has secured DNV’s Statement of Qualified Technology for pipeline technology developed by United Pipeline Systems, which was upgraded for offshore and subsea use.The technology was initially developed…
Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study estimates wind farms just offshore could meet 11 times the projected global electricity demand in 2040.In the U.S., the East Coast is an ideal location to capture this power…
Oil and gas company Enauta has completed all subsea system and lines connections with the floating production storage and offloading (FPSO) Atlanta, ahead of first oil production expected in August.Ongoing activities currently include mandatory adaptations by regulatory agencies…
The European Investment Bank (EIB) and Italian cable maker Prysmian have signed a new $488.7 million (€450 million) finance contract to facilitate green electricity transmission and distribution in Europe.With a view to meeting the growing demand…