Offshore news

The offshore oil and gas sector is set for the highest growth in a decade in the next two years, with US$214 billion of new project investments lined up, according to Rystad Energy.

The company has announced that it has entered into agreements to acquire 187 889 551 shares in Seaway 7 ASA corresponding to 21.52% of Seaway7's issued and outstanding share capital, from Songa Capital AS, West Coast Invest AS and Lotus Marine AS.

Forum Energy Technologies (FET) has secured a significant order from DOF Subsea to deliver four of its advanced work-class remotely operated vehicles (ROVs).

The company has completed a contract awarded by Well-Safe Solutions to support its well plug and abandonment decommissioning operations in the Southern North Sea.

The MoU covers several areas such as project financing, funding, and the development of a complete value chain for CO2 handling.

Rovco provided Well-Safe Solutions with field survey operations, to ensure the safe and efficient decommissioning of a platform which ceased production in 2015.

The companies have signed a multi-year framework agreement to decommission wells in the North Sea, as part of the decommissioning specialist’s Plug and Abandonment Club offering.

Neptune Energy has welcomed Equinor’s announcement, on behalf of the Snøhvit partnership, to award a major contract for the Snøhvit Future project in Norway to Aibel. ?

The new technology is a result of a collaborative research and development project with Net Zero Technology Centre and Spirit Energy.

Unite the union has announced that offshore workers employed by Petrofac on the FPF1 platform, and the Wood Group UK Limited on TAQA platforms are being balloted for strike action, as a growing wave of industrial unrest hits the United Kingdom Continental Shelf (UKCS).