The American Petroleum Institute (API) and the African Energy Chamber (AEC) have signed a Memorandum of Understanding (MOU) to collaborate on capacity building initiatives and standardization to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil.

Humphree USA was selected by Atlantic Wind Transfers to supply advanced stabilization systems for its latest crew transfer vessel (CTV) for offshore wind power generation fields on the U.S. East Coast.  

Nexans has signed a preferred supplier agreement (PSA) with Empire Offshore Wind LLC to electrify the future of New York State by connecting the Empire Wind offshore projects to the onshore grid.

PXGEO has entered into a binding agreement with Fugro to acquire certain assets and the related business of Seabed Geosolutions. The transaction is expected to complete mid-2021.

Sea Machines Robotics and Christchurch, New Zealand-based HamiltonJet have signed an agreement to develop a new pilot-assist product that utilizes computer vision and autonomous command and control technologies to move waterjet vessels to the forefront of 21st century navigation and utility.


PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt.

EOLOS the Spanish turn-key provider of offshore wind and ocean data to the wind industry, backed by EIT InnoEnergy, announces 30% revenue growth as it lays out ambitious plans to expand its offering in the US and Asia Pacific burgeoning offshore wind markets.

Prysmian Group, a world leader in the energy and telecom cable systems industry, announces the finalization of the contract agreement with RWE Renewables, one of the world’s biggest offshore wind farm developers, for the development of the turn-key high voltage submarine and land export cable connection worth over €200 million for the 1.4 gigawatt (GW) Sofia Offshore Wind Farm project. The Group already announced the preferred bidder agreement in November 2020.

Keeping track of personnel on board (POB) “will be a requirement on all contracts” with offshore energy companies, predicted Tonny Sørdal, vice-president for quality, safety, health and environment of support vessel operator Olympic Subsea ASA.

Santos, as operator of the Barossa joint venture, has announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory.

The U.S. Department of the Interior has announced nearly $249 million in Fiscal Year 2020 energy revenues to the four offshore Gulf oil and gas producing states.

NOAA has announced a Memorandum of Agreement (MOA) with Ørsted Wind Power North America LLC, an offshore wind development company, to share physical and biological data in Ørsted-leased waters subject to U.S. jurisdiction.

Damen is known in the Dredging market for its array of vessels for different dredging projects. These vessels include a range of cutter suction dredgers, workboats and small to mid-size trailing suction hopper dredgers, or TSHDs. Recently the TSHD range has been renewed and expanded; the full range now covering hopper volumes from 650 m3 to 5,000 m3.

It goes without saying that the past year has been unprecedented for not just the offshore rig market, but the oil and gas industry as a whole.

Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines.