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 Engineer News
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