This week Worley acquired the UK-based 3sun Group a 250-strong Great Yarmouth-headquartered installation, inspection and maintenance specialist in offshore wind, in a £20m deal. The transaction will combine the companies’ complementary offshore capabilities, broadening Worley’s participation in the global energy transition. On completion of the deal Worley will seek to offer a complete engineering, procurement,…
Equinor made a final decision to invest in floating wind turbines to power offshore oil platforms off Norway after the government agreed to subsidize a large part of the cost. Hywind Tampen will cost a total of almost 5 billion kroner ($550 million), it said in a statement on Friday. That’s in line with the…
The decommissioning of the Brent field was a decade in the planning. It was the heaviest-ever offshore lift in 2017. Twelve huge propellers linked to satellite positioning and wave-watching systems kept the world’s biggest ship steady within half a metre of its targets – eight lifting points welded to one of Europe’s largest oil and…
The US has announced plans for Lease Sale 254, which will make available 78 million acres of federal waters in the Gulf of Mexico for Oil & Gas development. The prospects sold will hint at the locations of future opportunities in the offshore sector. The sale is scheduled for March next year and will include…
Subsea 7 today announced the award of a sizeable contract by Shell for the Pierce depressurisation project, located approximately 160 miles offshore, east of Aberdeen. The contract scope involves the engineering, procurement, construction, transportation and installation (EPCI and T&I) of a 30km gas export pipeline, a gas export riser and associated subsea infrastructure, for tie-ins…
Harland and Wolff went into administration in August, putting about 120 jobs at risk, after the collapse of its Norwegian parent company InfraStrata. The yard, best known for building the Titanic, was bought for £6m by the London-based energy firm, InfraStrata. InfraStrata said it will retain the 79 workers who are still employed. It also…