Sister-ships Oceanic Sirius and Oceanic Vega have completed a round-the-clock, 10-day maintenance program at Damen Shiprepair Amsterdam (DSAm).

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction (EPC) contract by Equinor for the supply of the industry’s first all-electric actuated subsea boosting system for the Vigdis Field in the Norwegian North Sea.

“2018 has been a record-setting year on many fronts,” said CEO Jan van der Tempel. “With our fleet back to full operational strength, we have seen moments of near full utilization.”

Nor-Shipping and Nordic Innovation have partnered to help facilitate a new funding instrument aimed at supporting innovation and collaboration between land-based and ocean industries.

Oceaneering International, Inc. (“Oceaneering”) announces that it has secured a three-year Provision of Inspection Enactment Services contract with Petrofac’s Engineering and Production Services division in the Western Hemisphere (“Petrofac”), growing its asset integrity portfolio within the U.K. Continental Shelf (UKCS).

International energy consultancy Xodus Group has appointed Phil Cooper as its corporate development director to support the continued growth of the company.

Stromag, part of Altra Industrial Motion Corp, has launched a new, modular range of brakes designed for applications in challenging environments.

Petrofac’s Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy (UK) Limited (Ithaca) valued in the region of US$10 million.

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia.

Specialist drilling waste management company, TWMA, has secured a seven-figure contract with leading independent exploration and production company, Neptune Energy.

CAPE Investment Partners announces the acquisition of the majority shareholding in CAPE Holland and FoundOcean from the sustainability focused private equity investor Ambienta who held its participation since 2012.

Okeanus Science & Technology, LLC (Okeanus), an established marine equipment and engineering service provider, made a presentation to the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) in Tokyo, Japan.

Sabella, a pioneering tidal and ocean stream turbine developer, has partnered with QOS Energy to improve the performance monitoring of its ground-breaking Ushant tidal energy project.

UK and Netherlands-based subsea provider N-Sea reaches 1.5 million man-hours LTI free.

Global Oil Markets

Sparrows Group has seen its position in the renewables market strengthened one year on from the acquisition of Alpha Offshore Service. The company confirmed that Danish-based Alpha’s revenue has increased by 46% in the past 12 months.