krogragg

Category: Norway

  • Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp

    Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp Swiss contractor Allseas and Norway’s DOF have clinched contracts from Aster Chemicals & Energy to renew the single buoy mooring (SBM) and subsea pipeline system serving Bukom Island, Singapore. The scope includes engineering, installation and commissioning of new infrastructure linking the offshore facility —…

  • DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters

    DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters DeepOcean has won a new installation assignment at two oil and gas fields off the coast of Norway with the country’s state-owned energy giant Equinor. The post DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters…

  • Solstad secures DeepOcean CSV extension

    Solstad secures DeepOcean CSV extension Norwegian offshore vessel owner Solstad Maritime has landed a fresh contract extension with subsea services player DeepOcean for the construction support vessel (CSV) Normand Ocean. The Oslo-listed company said the new deal will run for 12 months starting January 2026, continuing directly from the vessel’s current charter. The 2014-built CSV…

  • 2020 Bulkers cuts feet in half with $209m newcastlemax sale

    2020 Bulkers cuts feet in half with $209m newcastlemax sale Norwegian shipowner 2020 Bulkers has agreed to sell three of its scrubber-fitted newcastlemax vessels for a combined $209m. The Oslo-listed company confirmed the sale of the 2019-built Bulk Sandefjord and Bulk Santiago, along with the 2020-built Bulk Shenzhen, to an unnamed third party. All three…

  • Petter Mowinckel steps up to lead Kristian Gerhard Jebsen Skipsrederi

    Petter Mowinckel steps up to lead Kristian Gerhard Jebsen Skipsrederi Norwegian shipowner Kristian Gerhard Jebsen Skipsrederi (KGJS) has appointed Petter Mowinckel as chief executive officer, effective 1 October 2025. Mowinckel, who joined the Bergen-based company in August 2024 as chief commercial officer, succeeds Ørjan Lunde. Lunde stepped down earlier this year and has since rejoined…

  • KNOT Offshore Partners bags Equinor charter extension

    KNOT Offshore Partners bags Equinor charter extension Shuttle tanker player KNOT Offshore Partners has firmed up its backlog with Equinor after agreeing to extend the charter of one of its vessels to March 2029. The deal covers the 2011-built Bodil Knutsen and also includes two further one-year options. The New York-listed company said the extension…

  • Equinor unleashes gas recovery boost in Norwegian waters with subsea upgrade

    Equinor unleashes gas recovery boost in Norwegian waters with subsea upgrade Norwegian state-owned energy giant Equinor has kicked off the next phase of its subsea compression quest in the Norwegian Sea to up the gas recovery ante at its asset off the coast of Norway. The post Equinor unleashes gas recovery boost in Norwegian waters…

  • Idan Ofer’s EPS moves on full CoolCo takeover

    Idan Ofer’s EPS moves on full CoolCo takeover Israeli billionaire Idan Ofer is moving to take LNG carrier owner Cool Company (CoolCo) private through his investment arm EPS Ventures. EPS, which already controls nearly 60% of CoolCo, is in advanced talks to buy out the remaining shares at $9.65 each in cash. The offer values…

  • Reach Subsea orders two more USVs from Kongsberg

    Reach Subsea orders two more USVs from Kongsberg Norwegian offshore services player Reach Subsea has exercised the first in a series of options with Kongsberg Maritime to order two more uncrewed surface vessels (USVs). The contract terms for the USVs, to be named Reach Remote 3 and Reach Remote 4, have been mutually agreed upon…

  • Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework

    Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework Some of the biggest names in world shipping are rallying against the International Maritime Organization’s (IMO) flagship Net-Zero Framework (NZF), just weeks before it comes up for adoption in October. John Fredriksen’s Frontline, George Economou’s TMS Group, Evangelos Marinakis’s Capital Maritime & Trading,…

  • Tsao-backed vehicle co-launches $75m Asia Ocean Fund

    Tsao-backed vehicle co-launches $75m Asia Ocean Fund Two high-profile names from opposite sides of the world — Asian shipping tycoon Chavalit Frederick Tsao and Norwegian impact investor Tharald Nustad — have teamed up to create a new ocean impact vehicle aimed squarely at Asia. The pair yesterday unveiled the Asia Ocean Fund, a $75m investment…

  • Equinor earns regulatory sign-off for upcoming drilling ops with Transocean rig

    Equinor earns regulatory sign-off for upcoming drilling ops with Transocean rig Norwegian state-owned energy giant Equinor has received the all-clear from the country’s authorities to use one of Transocean’s semi-submersible rigs for drilling operations at a field off the coast of Norway. The post Equinor earns regulatory sign-off for upcoming drilling ops with Transocean rig…

  • Subsea7 scores Aramco contract worth up to $1.25bn

    Subsea7 scores Aramco contract worth up to $1.25bn Subsea7 has landed a major engineering, procurement, construction, and installation (EPCI) contract from Aramco, covering offshore facilities in Saudi Arabia. The award falls under Subsea7’s long-term agreement (LTA) with the state-owned operator, the Oslo-listed company said. The contract scope includes approximately 106 km of infield and export…

  • Wison New Energies, H2Carrier team up to develop green ammonia FPSO

    Wison New Energies, H2Carrier team up to develop green ammonia FPSO China’s Wison New Energies and Norwegian firm H2Carrier have launched a new initiative to deliver a 500MW green ammonia FPSO. In this collaboration, Wison is uniquely positioned to provide engineering and design, as well as construction and integration of the works for the Green…

  • Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture

    Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture Tor Olav Trøim is ramping up his return to the tanker business with plans to take a new VLCC venture public, backed by a roster of well-known shipping names. Trøim’s Oslo-listed vehicle Bruton is preparing to merge its two dual-fuel VLCC newbuildings…

  • Norway casts light on recent North Sea oil discovery

    Norway casts light on recent North Sea oil discovery Following an oil discovery at a prospect off the coast of Norway, the Norwegian Offshore Directorate (NOD) has revealed further insight into the latest black gold find in the North Sea. The post Norway casts light on recent North Sea oil discovery appeared first on Offshore…

  • DOF bags Equinor PSV extensions

    DOF bags Equinor PSV extensions Norwegian offshore vessel owner DOF has landed contract extensions with Equinor for two of its long-serving platform supply vessels. The state-backed energy major has exercised options to keep the 2009-built Skandi Flora and the 2008-built Skandi Mongstad on charter for another year, with the new firm period starting in October…

  • Wallenius Wilhelmsen wins $100m deal in Australia

    Wallenius Wilhelmsen wins $100m deal in Australia Wallenius Wilhelmsen has clinched a major logistics contract in Australia with a leading automotive manufacturer, expected to bring in revenues of more than $100m. The Oslo-listed roro and logistics group will provide vehicle processing services across Melbourne, Brisbane and Perth under a three-plus-one-year deal. Pia Synnerman, chief commercial…

  • Splash Wrap: From tankers to tech

    Splash Wrap: From tankers to tech Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14.45% holding in its Danish rival from Oaktree Capital Management in a deal worth about $311.4m leading many analysts to speculate whether this is…

  • BW Offshore picked as preferred FPSO supplier for Equinor project in Canada

    BW Offshore picked as preferred FPSO supplier for Equinor project in Canada Floater specialist BW Offshore has signed a head of agreement with Equinor confirming its selection as the preferred bidder for the FPSO unit for the Bay du Nord project offshore Newfoundland and Labrador, Canada. Bay du Nord, Canada’s first deepwater oil project, is…

  • Go-ahead for Vår Energi’s drilling ops in Barents Sea

    Go-ahead for Vår Energi’s drilling ops in Barents Sea Vår Energi, Norway’s oil and gas player, has obtained the green light for drilling activities in the Barents Sea, which will be carried out with COSL Drilling Europe’s semi-submersible rig. The post Go-ahead for Vår Energi’s drilling ops in Barents Sea appeared first on Offshore Energy.…

  • Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production

    Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the…

  • Himalaya switches newcastlemax brace to fixed deals

    Himalaya switches newcastlemax brace to fixed deals Himalaya Shipping is continuing its shift from index-linked earnings, converting two more newcastlemaxes to fixed-rate charters. The Tor Olav Troim-backed, Oslo-listed owner said the vessels will move onto fixed hire from October 1 until the end of the year. The two dual-fuel ships will earn an average of…

  • Northern Lights marks first CO2 storage offshore Norway

    Northern Lights marks first CO2 storage offshore Norway Northern Lights JV has achieved a key milestone, injecting the first volumes of carbon dioxide into its offshore storage site in the Norwegian North Sea. The CO₂ was transported through a 100-km pipeline and injected into the Aurora reservoir, 2,600 m below the seabed. “Our ships, facilities…

  • Champion Tankers takes options on final two MR newbuilds in China

    Champion Tankers takes options on final two MR newbuilds in China Norway’s Champion Tankers has wrapped up its latest round of fleet renewal, declaring options for the final two ships in a series of MR tankers ordered at Penglai Jinglu Shipyard in China. The Bergen-based private company, led by Karl Lodrup Kvalheim, will now take…

  • Golden Ocean name consigned to history after CMB.TECH takeover

    Golden Ocean name consigned to history after CMB.TECH takeover One of the world’s most famous names in shipping has disappeared following a shareholder vote yesterday in Bermuda.  Golden Ocean Group, originally founded in 1978 by Fred Cheng before being sold under Chapter 11 protection to John Fredriksen’s Frontline in 2000, has now been folded into…

  • Xeneta acquires eeSea

    Xeneta acquires eeSea Xeneta has acquired fellow Scandinavian maritime and supply chain data company eeSea. By adding eeSea’s global schedule, transit time and reliability data to its existing range of freight rate data, Xeneta said in a release it will enable BCO procurement teams to manage freight contracts and suppliers based on service levels, and…

  • Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal

    Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal Norwegian shipleasing specialist Ocean Yield and KKR-managed vehicles have agreed to acquire CapeOmega Gas Transportation from private equity firm Partners Group, expanding their exposure to the LNG sector. CapeOmega holds joint ownership in a fleet of ten 174,000 cu m LNG carriers operated by Knutsen.…

  • Norway eyes oil & gas investments of nearly $23 billion next year

    Norway eyes oil & gas investments of nearly $23 billion next year Statistics Norway, the Norwegian statistics bureau, has revealed a spike in estimates for oil and gas investments in 2026, which are anticipated to hit NOK 230 billion (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment. The post Norway…

  • Oil & gas ramp-up: Start-up of African field on track as drilling ops in Benin and Norway continue

    Oil & gas ramp-up: Start-up of African field on track as drilling ops in Benin and Norway continue Lime Petroleum, a subsidiary of Rex International Holding, is making inroads in its quest to boost hydrocarbon production by pursuing drilling activities off the coasts of Benin and Norway and progressing its conversion of a mobile offshore…

  • All-systems-go for Odfjell Drilling-managed rig’s North Sea assignment

    All-systems-go for Odfjell Drilling-managed rig’s North Sea assignment Equinor, a Norwegian state-owned energy giant, has received the go-ahead from the country’s authorities to undertake plug and abandonment (P&A) activities in the North Sea off the coast of Norway with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor. The post All-systems-go for Odfjell…

  • Norway to demand insurance disclosure from foreign tankers

    Norway to demand insurance disclosure from foreign tankers Norwegian authorities will require foreign-flagged tankers operating within the country’s economic zone to disclose their insurance arrangements starting August 11. The new rule, announced by Norway’s coastal administration, is part of a broader push to enhance maritime safety and environmental protection amid mounting concerns over the growing…

  • Norway’s northernmost oil field formally inaugurated

    Norway’s northernmost oil field formally inaugurated Norwegian Energy Minister Terje Aasland has officially opened a field offshore Norway operated by the country’s state-owned energy giant Equinor. The post Norway’s northernmost oil field formally inaugurated appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz

  • DNV spins off maritime software unit as CFARER

    DNV spins off maritime software unit as CFARER Class society DNV has formally launched CFARER, a new maritime software company spun out from its former DNV Maritime Software business. The new brand becomes operational immediately, with majority ownership retained by DNV and a strategic minority stake held by Wilhelmsen Port Services. CFARER will continue to…

  • North Star orders SOV pair at Vard

    North Star orders SOV pair at Vard UK-based offshore vessel operator North Star has returned to Norwegian shipbuilder Vard with an order for two new service operation vessels (SOVs) to support offshore wind operations across the UK and Europe. The newbuilds are based on the Vard 4 19 design, developed specifically for offshore wind support.…

  • DOF awarded new vessel contracts with Petrobras

    DOF awarded new vessel contracts with Petrobras Norwegian offshore vessel owner DOF has secured two new long-term contracts with Petrobras for AHTS vessels Skandi Fluminense and Skandi Lifter. The latest wins bring DOF’s total count of Petrobras-contracted AHTS vessels to seven. Both vessels have been awarded four-year contracts under the same competitive Petrobras tender that…

  • Norwind Offshore clinches CSOV deal with Semco unit

    Norwind Offshore clinches CSOV deal with Semco unit Norwind Offshore has landed a charter agreement with Wind Multiplikator, the German subsidiary of Denmark’s Semco Maritime, for a newly built commissioning service operation vessel (CSOV). The vessel, Norwind Maestro, will be deployed to support operations at the 400 MW Global Tech I offshore wind farm in…

  • Fred Olsen Windcarrier lands German wind farm deal

    Fred Olsen Windcarrier lands German wind farm deal Norwegian offshore wind installation player Fred Olsen Windcarrier has been selected by Skyborn Renewables, a German offshore wind developer of Blackrock’s Global Infrastructure Partners (GIP), to handle transport and installation of the wind turbines for the Gennaker offshore wind farm in the German Baltic Sea. The two…

  • Vard books contract for two hybrid CSOVs

    Vard books contract for two hybrid CSOVs Norwegian shipbuilder Vard has secured a contract to design and build two commissioning service operation vessels (CSOVs) for an unnamed international customer. The order is valued between €100m ($116m) and €200m ($232m) and includes an option for an additional newbuild. The vessels will be of the upgraded VARD…

  • Navigator and Amon Maritime team up for ammonia carrier newbuilds

    Navigator and Amon Maritime team up for ammonia carrier newbuilds New York-listed handysize gas carrier owner and operator Navigator Holding has formed a joint venture with Norway’s Amon Maritime for two newbuild ammonia-fuelled liquefied ammonia carriers. The JV, named Navigator Amon Shipping, has placed an order with Nantong CIMC Sinopacific Offshore & Engineering for two…

  • WATCH: Heerema’s largest vessel slides North Sea oil & gas platform’s new jacket into place

    WATCH: Heerema’s largest vessel slides North Sea oil & gas platform’s new jacket into place Norwegian oil and gas player Aker BP has made progress in bringing an offshore platform to life by installing a new jacket at an oil and gas development in the North Sea, off the coast of Norway. The post WATCH: Heerema’s…

  • Stainless Tankers pledges shareholder return after third sale

    Stainless Tankers pledges shareholder return after third sale Oslo-listed Stainless Tankers has inked a deal to sell its 2008-built J19 stainless steel chemical tanker Gwen for $16.16m, marking the latest step in the company’s ongoing fleet optimisation programme. The Norway-based owner, backed by UK shipping fund Tufton, said the vessel is scheduled to be delivered…

  • Ocean Installer vessel scores offshore wind cabling work

    Ocean Installer vessel scores offshore wind cabling work Marine construction contractor Ocean Installer, a Moreld subsidiary, has won two new contracts for the North Sea Giant subsea construction vessel. The 2011-built vessel will be used in the offshore wind market for cable repair and cable installation gigs. The contracts are expected to take approximately three…

  • TGS bags offshore wind site characterisation gig off Norway

    TGS bags offshore wind site characterisation gig off Norway Oslo-listed seismic data specialist TGS has won a contract for offshore wind site characterisation, including acquisition, imaging, and interpretation services offshore Norway. The vessel Ramform Vanguard will start acquisition in early July, with a duration of approximately 25 days. The imaging and interpretation work will begin…

  • Norwegian operator tasks AGR with oil & gas reserves assessments

    Norwegian operator tasks AGR with oil & gas reserves assessments Norway’s AGR, part of the energy and marine consultancy ABL Group, has been entrusted with delivering annual independent reserves evaluation and a competent person report (CPR) to OKEA, a compatriot oil and gas player. The post Norwegian operator tasks AGR with oil & gas reserves…

  • Norway’s Amon Maritime unveils ammonia-powered bulk carrier venture

    Norway’s Amon Maritime unveils ammonia-powered bulk carrier venture Norway’s Amon Maritime has set up a new company to order ammonia-fuelled bulk carriers backed by a state grant. Named Amon Bulk, the new venture will develop two vessel types — a capesize and a kamsarmax — using a NOK253m ($25m) award from energy transition agency Enova.…

  • DOF lands $275m in Brazilian vessel contracts

    DOF lands $275m in Brazilian vessel contracts Norwegian offshore vessel owner DOF has picked up two significant long-term contracts in Brazil with state-controlled oil giant Petrobras, securing more than $275m in combined value. The first contract involves the 2009-built anchor handling tug supply vessel (AHTS) Skandi Logger. The vessel will enter into a four-year contract…

  • 12-year-old vessel at work for Equinor after rebuild project

    12-year-old vessel at work for Equinor after rebuild project A construction support vessel (CSV) owned by Norway’s shipping player Rem Offshore has begun […] The post 12-year-old vessel at work for Equinor after rebuild project appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • More gas for Europe as Shell turns on the taps at Norwegian field’s next chapter

    More gas for Europe as Shell turns on the taps at Norwegian field’s next chapter Shell has brought online a new phase of its natural gas field in the Norwegian Sea, which is set to augment the amount of gas recovered from the asset, bolstering Europe’s energy security. The post More gas for Europe as…

  • Study finds suicide accounts for more deaths at sea than fatal injury incidents

    Study finds suicide accounts for more deaths at sea than fatal injury incidents Suicide cases accounted for more deaths at sea than fatal injury incidents according to a major new survey looking at the fleet insured by Norway’s Gard.  Gard’s second crew claims report, published yesterday, outlines trends and developments in seafarer injuries, illnesses and…

  • Equinor’s North Sea wildcat yields no hydrocarbons

    Equinor’s North Sea wildcat yields no hydrocarbons Equinor has finished drilling a wildcat well in the North Sea with one of Odfjell Drilling’s semi-submersible rigs. The drilling activities did not result in a new oil and gas find off the coast of Norway. The post Equinor’s North Sea wildcat yields no hydrocarbons appeared first on…

  • SLB OneSubsea wins contract for Northern Lights phase two CO2 project

    SLB OneSubsea wins contract for Northern Lights phase two CO2 project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract from Equinor for the second phase of the Northern Lights CO₂ storage project offshore Norway. The contract covers the delivery of two satellite…

  • WATCH: DeepOcean wraps up ‘deepwater milestone’ at gas field in Norwegian waters

    WATCH: DeepOcean wraps up ‘deepwater milestone’ at gas field in Norwegian waters DeepOcean has finished sliding into place foundation template structure (FTS) for an offshore natural gas field, described as the deepest field on the Norwegian Continental Shelf (NCS). The post WATCH: DeepOcean wraps up ‘deepwater milestone’ at gas field in Norwegian waters appeared first…

  • France’s CO2 storage deal with Norway paving the way for common European CCS market

    France’s CO2 storage deal with Norway paving the way for common European CCS market Ministers of Norway and France have signed an agreement enabling cross-border transport and storage of CO2. The post France’s CO2 storage deal with Norway paving the way for common European CCS market appeared first on Offshore Energy. Dragana Nikše Go to…

  • Revamped FPSO begins 20-year chapter of North Sea project’s oil story

    Revamped FPSO begins 20-year chapter of North Sea project’s oil story Vår Energi has put a floating production, storage, and offloading (FPSO) vessel back into operation at an oil project in the North Sea off the coast of Norway. The post Revamped FPSO begins 20-year chapter of North Sea project’s oil story appeared first on…

  • Solstad pens two CSV contracts in South America

    Solstad pens two CSV contracts in South America Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV). Solstad said in late April that it won deals for three vessels in Brazil. However, all of the contracts were subject to board approval. Two were for yet unnamed AHTS…

  • SeaBird Exploration changes name following merger

    SeaBird Exploration changes name following merger Marine seismic specialist SeaBird Exploration has changed its name to SED Energy Holdings following the successful merger with Singapore’s tender drilling rig specialist Energy Drilling. The name and ticker code change, now ENH, will be effective on Euronext Oslo Børs from and including June 20, 2025. Final approval of…

  • Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman

    Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman An oil spill is growing rapidly in the Gulf of Oman after Tuesday’s spectacular collision between a Frontline VLCC and a suezmax belonging to Russia’s shadow fleet.  The accident occurred at 1:14 am Dubai time on Wednesday between two tankers, the 23-year-old Adalynn…

  • Hagland buys chartering platform Vanora

    Hagland buys chartering platform Vanora Norwegian maritime group Hagland has acquired compatriot chartering platform Vanora in a strategic move to bolster its digital service offerings. The financial terms of the deal were not disclosed. The deal will see the Aanensen family run vehicle integrate Vanora’s flagship solution, VesselAdmin, a digital chartering and payment platform designed…

  • ‘Largest’ drone quest puts emission monitoring into gear across 33 North Sea oil & gas assets

    ‘Largest’ drone quest puts emission monitoring into gear across 33 North Sea oil & gas assets Two players, Cyberhawk and Explicit, have started the ball rolling on an offshore drone campaign for emissions measurement in the Norwegian sector of the North Sea, which is being undertaken on 33 offshore platforms operated by Equinor, Norway’s energy…

  • Norway: Northern Lights approved for CO2 storage expansion

    Norway: Northern Lights approved for CO2 storage expansion The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of […] The post Norway: Northern Lights approved for CO2 storage expansion appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • GC Rieber in battery-powered bulker move

    GC Rieber in battery-powered bulker move Norway’s GC Rieber Shipping has revealed plans to develop a fully electric, battery-powered dry bulk vessel. The project is a collaboration with freight partners GC Rieber Minerals and Franzefoss Minerals, and is tailored for shortsea operations along the Norwegian coast. The initiative is backed by a $9.5m grant from…

  • Eitzen targets world’s largest all-electric boxships

    Eitzen targets world’s largest all-electric boxships Norway’s Eitzen Group has set out to build battery-powered containerships that could potentially become the world’s largest of their kind. Axel Eitzen’s company Eitzen Avanti, which oversees a network that includes Christiania Shipping, which specialises in chemical tankers and also operates LPG vessels, as well as all-electric shipping player…

  • Norway’s Møre Sjø orders hydrogen-powered bulkers

    Norway’s Møre Sjø orders hydrogen-powered bulkers Norwegian shipping company Møre Sjø has placed an order for a pair of hydrogen-powered bulk carriers at Turkey’s Gelibolu Shipyard. The 4,000 dwt newbuilds slated for delivery in 2027 will feature hydrogen fuel cells and battery propulsion systems. The Ørsta-based company currently operates two 1983- and 1984-built bulk carriers…

  • Blystad signs for boxship newbuilds in China

    Blystad signs for boxship newbuilds in China Norwegian-based Blystad Group is set to expand its boxship exposure with three newbuildings from China. Brokers report that Arne Blystad’s investment firm has signed up for 3,000 teu vessels at Penglai Zhongbai Jinglu Ship Industry. The total value of the order stands at approximately $129m, with deliveries scheduled…

  • Baker Hughes picks up P&A gig at North Sea oil field

    Baker Hughes picks up P&A gig at North Sea oil field Baker Hughes has landed a new assignment with Norway’s state-owned energy giant Equinor to handle plug and abandonment (P&A) operations at a North Sea field on the Norwegian Continental Shelf (NCS) and provide project management services on behalf of the operator. The post Baker…

  • ‘Britain has gone to hell, like Norway’: John Fredriksen

    ‘Britain has gone to hell, like Norway’: John Fredriksen Norway’s richest man, John Fredriksen, has launched a blistering critique of the state of life in both Norway and the UK, confirming he is relocating some of his business to the United Arab Emirates to escape what he sees as a Western world in steep decline.…

  • Solvang and BlackRock’s GIP form liquefied gas shipping firm

    Solvang and BlackRock’s GIP form liquefied gas shipping firm Norwegian gas shipowner Solvang and BlackRock’s Global Infrastructure Partners (GIP) have established a liquefied gas shipping joint venture. The new 50:50 joint venture will be named Solvang Gas Carriers. It will initially own Solvang’s fleet of 13 VLGCs designed to transport LPG and ammonia, and will…

  • Second officer charged with negligent navigation over last week’s high-profile grounding in Norway

    Second officer charged with negligent navigation over last week’s high-profile grounding in Norway A Ukrainian second officer aboard the container vessel NCL Salten has been charged with negligent navigation following a grounding incident early Thursday morning near Trondheim, Norway. The ship ran aground just meters from a summer home in Byneset, narrowly avoiding significant property…

  • Harbour Energy flows first oil from subsea tie-back in Norwegian waters

    Harbour Energy flows first oil from subsea tie-back in Norwegian waters Harbour Energy has brought online a subsea tie-back to its existing infrastructure off the coast of Norway, as part of a major revitalization of an oil field in the Norwegian Sea. The post Harbour Energy flows first oil from subsea tie-back in Norwegian waters…

  • Equinor gets go-ahead for drilling ops with COSL rig

    Equinor gets go-ahead for drilling ops with COSL rig Equinor has secured a drilling permit for an exploration well in the Norwegian sector of the North Sea, which will be drilled with a semi-submersible rig owned by COSL Drilling Europe. The post Equinor gets go-ahead for drilling ops with COSL rig appeared first on Offshore…

  • Subsea 7 hot streak continues with West Africa contract

    Subsea 7 hot streak continues with West Africa contract Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa. Under the contract, Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of an FPSO…

  • Petrobras pens EPCI deal with Subsea 7 worth nearly $1.5bn

    Petrobras pens EPCI deal with Subsea 7 worth nearly $1.5bn Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn) The contract establishes a minimum requirement of 40% local content, but the expectation is to reach a percentage…

  • Norway opens bidding for 1.5GW of floating wind

    Norway opens bidding for 1.5GW of floating wind The Norwegian Ministry of Energy is calling for applications to its tender for three floating offshore wind project areas at Utsira Nord. Each project area may have an installed capacity of up to 500MW of floating offshore wind. Interested parties must submit applications by September 15. According…

  • New framework agreement with ConocoPhillips takes Subsea7 to Norway

    New framework agreement with ConocoPhillips takes Subsea7 to Norway Subsea7 has secured a contract with U.S. energy giant ConocoPhillips for a front-end engineering […] The post New framework agreement with ConocoPhillips takes Subsea7 to Norway appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Equinor extends stay for Simon Møkster ERRV trio

    Equinor extends stay for Simon Møkster ERRV trio Norwegian energy major Equinor has exercised the first extension option for three Simon Møkster Shipping’s emergency response and rescue vessels. The vessels in question are the 2003-built Stril Poseidon, the 2011-built Stril Merkur, and the 2008-built Stril Herkules. The vessels will continue their services on the Norwegian…

  • Olympic scores long-term CSOV contract with Aker BP

    Olympic scores long-term CSOV contract with Aker BP Norway’s Olympic has secured a five-year firm contract with Aker BP for the construction service operation vessel (CSOV) Olympic Notos. The deal with options for another five years will see the 2024 Ulstein-built unit serve as a dedicated walk-to-work vessel at the unmanned production platform Munin in…

  • Wallenius Wilhelmsen bags transport deal worth $140m

    Wallenius Wilhelmsen bags transport deal worth $140m Norwegian car carrier player Wallenius Wilhelmsen has won a three-year shipping contract with an unnamed construction and mining equipment manufacturer. The contract is estimated to have a value of approximately $140m based on expected volumes over the three-year period. The company stated that the renewed agreement between the…

  • Ocean Yield increases stake in French LNG player

    Ocean Yield increases stake in French LNG player Norwegian owner and sale and leaseback player Ocean Yield has increased its stake in France’s Geogas LNG. In July 2024, Ocean Yield took over interests from infrastructure fund CVC DIF, which held a 31% stake in Geogas LNG. This provided the company with an indirect economic interest…

  • Valaris bags $135m drillship deal in Africa

    Valaris bags $135m drillship deal in Africa New York-listed offshore driller Valaris has been awarded a five-well contract offshore West Africa for one of its drillships. The contract, awarded to the 2014-built Valaris DS-15 drillship by an undisclosed client, is expected to begin in the third quarter of 2026. Based on an estimated duration of…

  • DOF vessel duo get work off Brazil

    DOF vessel duo get work off Brazil Norwegian offshore vessel owner DOF has been awarded contracts in Brazil for two of its vessels. The 2007-built diving support vessel Skandi Achiever was awarded an offshore service and survey contract in Brazil in support of a SURF project with operations planned to start in early May and…

  • Dong Fang Offshore orders third CSOV from Vard

    Dong Fang Offshore orders third CSOV from Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has ordered another commissioning service operation vessel (CSOV) from Fincantieri-controlled Norwegian shipbuilder Vard. The vessel will be a sister ship to the two CSOVs contracted in May 2024, and follows the order of a subsea construction vessel from the…

  • Norway sees uptick in electric propulsion market activity

    Norway sees uptick in electric propulsion market activity Frydenbø Maritime Industries, a Norwegian company specializing in maritime and land-based industrial solutions, is […] The post Norway sees uptick in electric propulsion market activity appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Cairn hires EMGS for 3D survey off India

    Cairn hires EMGS for 3D survey off India Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has been hired by India’s Cairn Oil & Gas to conduct a 3D controlled source electromagnetic survey for its exploration campaign in the deepwater Krishna-Godavari block on India’s east coast. Cairn will be one of the first companies in India…

  • CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships

    CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by…

  • Blystad PSV scores Shell fixture

    Blystad PSV scores Shell fixture Norwegian shipping investor Blystad Group has seen its platform supply vessel secure employment for up to six months in UK waters. The 2010-built Songa Commander, commercially and technically managed by Remøy Shipping, has been fixed to Shell for three months firm at an undisclosed dayrate. Offshore brokers report the contract,…

  • Vertom seals 15-year deal for newbuild quartet

    Vertom seals 15-year deal for newbuild quartet Dutch shipping group Vertom and Norway’s Strand Shipping have landed a 15-year charter deal with aquaculture feeds producer Skretting for four diesel-electric newbuilds. The vessels that will be deployed for the import of raw materials have been designed to reduce the environmental footprint of Skretting’s supply chain. The…

  • F. Laeisz revealed as Belships co-investor

    F. Laeisz revealed as Belships co-investor German owner F. Laeisz has emerged as a co-investor in the takeover of Norwegian dry bulk player Belships. The Nikolaus Schües-led shipping group has snapped up a 25.01% stake in the ultramax specialist following the public takeover launched by asset management firm EnTrust Global and its vehicle Blue Northern.…

  • Subsea7 extends fixture for Eidesvik JV vessel

    Subsea7 extends fixture for Eidesvik JV vessel Subsea7 has extended the contract with Eidesvik Seven Chartering, the company’s joint venture with Norwegian owner Eidesvik, for the subsea vessel Seven Viking. The Oslo-listed offshore engineering and services player has exercised the remaining option for 2026 and added 2027 as another firm year. The deal for the…

  • DOF secures CSV work offshore Australia

    DOF secures CSV work offshore Australia Norwegian offshore vessel owner DOF has won a contract award for subsea mooring installation services in the Asia-Pacific region. The contract will utilise the 2010-built construction support vessel (CSV) Skandi Hercules with related moorings and installation subsea services. The scope of work includes DOF’s in-house project management and engineering,…

  • Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons

    Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays. The post Tight budgets and shrinking pool of oil & gas prospects…

  • Borr Drilling jackup scores 120-day contract in Benin

    Borr Drilling jackup scores 120-day contract in Benin Lime Petroleum, a subsidiary of Singapore-based Rex International, has hired a Borr Drilling-owned jackup rig for work off Benin. The oil and gas player signed a deal with a Borr Drilling subsidiary for the Gerd jackup, which will be used to work for 120 days. The rig…

  • Western Bulk Chartering sells five-year-old ultramax

    Western Bulk Chartering sells five-year-old ultramax Norwegian dry bulk operator Western Bulk Chartering has sold one of its ultramax vessels to an undisclosed buyer. The company said in an Oslo Bors filing that it sold the 2020-built, 63,500 dwt Western Fuji. The Norwegian firm claimed that it realised a net profit of approximately $1.5m, following…

  • Odfjell eyes up to a dozen newbuilds in fleet renewal drive

    Odfjell eyes up to a dozen newbuilds in fleet renewal drive Norwegian chemical tanker owner and operator Odfjell is forging ahead with fleet transition plans that could likely see up to a dozen additional newbuildings join the fleet in the future. The Oslo-listed company revealed in its annual report it is considering a potential construction…

  • Peder Simonsen made permanent CEO of Golden Ocean

    Peder Simonsen made permanent CEO of Golden Ocean Peder Simonsen, the acting chief executive of bulker owner Golden Ocean, will continue in the role on a permanent basis. Golden Ocean’s chief of finance, Simonsen, was named interim CEO of the Nasdaq- and Oslo-listed owner of more than 80 bulkers last May when Lars-Christian Svensen decided…

  • Atlantica PSV fixed to Shell

    Atlantica PSV fixed to Shell Oslo-based Atlantica Shipping has seen one of its platform supply vessels contracted long-term in UK waters. Shell is taking the 2003-built Skandi Caledonia on hire for at least one year, with further extension options attached to the contract. The PSV, acquired by Atlantica in 2023 from DOF, which continues to…

  • Dong Fang Offshore orders subsea construction vessel at Vard

    Dong Fang Offshore orders subsea construction vessel at Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has returned to Fincantieri-controlled Norwegian shipbuilder Vard for at least one subsea construction vessel. The subsidiary of Hung Hua Construction, with a fleet of more than 15 offshore vessels, is paying €113.5m ($126m) to see the firm vessel…

  • TGS gets OBN work in Gulf of Mexico

    TGS gets OBN work in Gulf of Mexico Oslo-listed seismic data specialist TGS has kicked off a new multi-client ultra long offset OBN data acquisition campaign in the Gulf of Mexico. The so-called Amendment 4 project will expand node coverage in TGS’ multi-client library, adding over 1,100 sq km in the Mississippi Canyon, Ewing Banks,…

  • Norway’s sovereign wealth fund buys stake in two RWE offshore wind farms

    Norway’s sovereign wealth fund buys stake in two RWE offshore wind farms Norges Bank Investment Management (NBIM), the manager of the world’s largest sovereign wealth fund – often referred to as the Oil Fund – worth over $1.75trn, has bought a 49% stake in two offshore wind projects from German utility RWE. The fund bought…

  • Subsea7 awarded Northern Lights contract

    Subsea7 awarded Northern Lights contract Oslo-listed Subsea7 has won a contract from Equinor worth between $50m and $150m for the second phase of the Northern Lights CO2 transport and storage project offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation of a five-kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals,…