Europe

FPSO tow and mooring installation project

LYNGBY, DENMARK – Maersk Supply Service has been awarded an integrated FPSO tow and mooring installation project for an operator in the North Sea. The work scope includes project management, engineering and offshore execution involving six anchor handling tug supply and subsea support vessels. Maersk Supply Service will provide the full scope from site preparation, …

Messer

Family-run industrial gases specialist Messer has purchased  DMC3™ software in order to improve operating efficiency and margins while reducing energy consumption and emissions. The Advanced Process Control (APC) from Aspen Technology, Inc. will help to support Messer’s drive towards Industry 4.0 by increasing levels of automation throughout the business. “Our target is to have the …

Finalnd

ABB’s pioneering subsea power distribution and conversion technology system has proven commercially viable, according to the company, bringing potential for cleaner, safer and more sustainable offshore oil and gas production following the completion of a 3,000-hour shallow water test. Offshore energy companies will be able to access a reliable supply of up to 100 megawatts …

European Investment Bank

The European Investment Bank will stop funding fossil fuel energy projects from the end of 2021, under its New Energy Lending Policy. In what it described as a „quantum leap“ in its climate action and environmental sustainability ambitions, the EIB has said it will stop financing fossil fuels and that it will launch “the most …

Wintershall Dea

German oil and gas company Wintershall Dea has said that the West Mira rig has spudded its debut well on the Bergknapp exploration prospect in the Norwegian Sea. Wintershall Dea said last Friday that the prospect marked the beginning of a two-year drilling campaign with the West Mira, operating at least 12 wells over the …

Norwegian offshore vessel owner S

Norwegian offshore vessel owner Standard Drilling has reported an operating profit in the third quarter of 2019 following unrealized gain on revaluation of financial assets of $1 million.   Standard Drilling said in its third-quarter financial report on Friday that the operating profit for the period was $0.6 million, which was an increase when compared …