Nexans Charters Havila Phoenix Vessel

January 21, 2021 Credit: MarineTraffic.com Norwegian offshore vessel operator Havila Shipping has won a charter deal with offshore cable provider Nexans for its Havila Phoenix subsea construction vessel. The contract with Nexans Norway is for a firm period of 90 … Read More

Offshore Maintenance Backlogs: Breaking the Cycle

According to Rystad Energy, offshore maintenance budgets were slashed by at least 35% in 2020, thanks to severe spending cuts and Covid-19 restrictions. This could create conditions with a result of equipment failure, asset downtime, and critical health and safety … Read More

JDR to Deliver Subsea Umbilical for Malaysian Offshore Project

January 21, 2021 Credit: JDR Subsea umbilical supplier JDR has won a contract to with UMD Energy to deliver a 2.7km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia. The umbilical will provide the connection … Read More

Mubadala Takes Stake in Egyptian Offshore Block

January 21, 2021 Bakheet Al Katheeri, Mubadala Petroleum’s Chief Executive Officer – File Photo: Mubadala Petroleum Abu Dhabi-based oil and gas company Mubadala Petroleum has acquired a stake in an offshore block in Egypt.  Mubadala said Thursday that Tariq Al-Mulla, … Read More

NEO Energy in Exclusive Talks to Buy ExxonMobil’s North Sea Assets

North Sea-focused oil company NEO Energy has entered into exclusive talks with ExxonMobil to buy the U.S. oil giant’s UK North Sea assets. NEO, backed by Norwegian private equity investor HitecVision, said Thursday that if the talks are successful they … Read More

Germany Surpassed Its Offshore Wind Targets in 2020

Germany boosted its offshore wind power capacity last year, topping its own targets, as Europe’s largest economy drives its push into renewables, data from grid company TenneT GmbH showed on Wednesday. The Berlin government has raised offshore capacity targets to … Read More

Offshore Wind Head Leaving Equinor for Aker Solutions’ Renewables Division

OE Staff January 20, 2021 Stephen Bull, Senior Vice President for Equinor’s North Sea Region. (Photo: Ole Jørgen Bratland) Stephen Bull, Equinor’s senior vice president responsible for offshore wind operations in the North Sea, is leaving the company and will … Read More

Survey: UK Subsea Industry Shows Signs of Optimism

Subsea industry supply chain companies in the UK are looking a bit more optimistic, with an improved outlook, less redundancies, and more work in offshore wind expected in the near future, a survey by industry body Subsea UK has shown. … Read More

Tekmar Wins Deal to Protect Offshore Wind Farm Cables

January 20, 2021 Illustration ony – Image Credit: Matvejs/AdobeStock Tekmar, a UK-based offshore energy technology and services company, has secured a contract to supply its products to protect subsea cables on an offshore wind farm project. The company said the … Read More

Oil Rises Above $56 on U.S. Stimulus Hopes ahead of Biden Inauguration

Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories. U.S. … Read More