For decades offshore operators have been realizing the benefits that innovative technology has brought to site characterization and asset integrity projects. Remote solutions are elevating these benefits to the next level and are fast becoming as established as the everyday solutions we witness.

Latest analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals a year-on-year growth for the global offshore rig market at the close of 2021, up 200% from 2020.

N-Sea Group has signed a long-term vessel agreement with Geo Plus for the Geo Focus, an advanced DP1 35M Hybrid Survey/ROV Support Vessel. The vessel has a strong track record of continuous survey operations in various regions for many years.

High Tech Marine (HTM), manufacturer of technically advanced tenders, has selected Smartgyro’s innovative stabilization solution for its new firefighting and rescue patrol boat for operation in the harbor waters and along the Monaco coastline.

Expandable technology designed to unlock greater commercial value by maximizing production from existing wells, developed by Coretrax, has successfully been deployed in the Middle East for the first time.

Wärtsilä has received its first order for newbuild methanol-fueled engines. A new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai CIMC Raffles shipyard in China will be powered by five Wärtsilä 32 engines capable of operating with methanol.

International subsea rental equipment and solutions specialist Ashtead Technology has signed a multi-year reseller agreement with Norway-based NORBIT Subsea, a provider of tailored and innovative technology solutions to the global maritime sector.

Three additional companies have announced their support for exploring the implementation of large-scale carbon capture and storage (CCS) technology in and around the Houston industrial area.

Hendry Marine Industries has appointed Richard McCreary as President of Gulf Marine Repair effective January 31, 2022. Richard brings a wealth of executive level leadership experience in the ship repair and construction industry.

Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, a 70% increase over 2020, Rystad Energy research shows. The total deal value for 2021 was the highest in three years and almost reached the highs seen in 2017 and 2018 of $205 billion and $199 billion, respectively.

TechnipFMC has been awarded a large⁽¹⁾ subsea Engineering, Procurement, Construction and Installation (EPCI) contract by Petrobras for its Búzios 6 field (module 7), a greenfield development in the pre-salt area.

Maersk Drilling has been awarded a contract with TotalEnergies E&P Danmark which will employ the high-efficiency jack-up rig Maersk Reacher for well intervention services in the Danish North Sea.

EC-OG, an intelligent energy management and storage technologies specialist, has changed its name to Verlume to prepare for large-scale growth at pace and emphasise its position as a clean technology leader, having delivered energy transition projects since 2013.

Eni and Point Resources Holding, a HitecVision portfolio company, owning respectively of 69.85% and 30.15% of Vår Energi AS, announces the intention to launch an initial public offering for Vår Energi and for the company to apply for a listing on Oslo Børs (the “IPO”).

On January 18, 2022, Kosmos Energy completed the drilling of the Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico.

MacDermid Offshore Solutions (MacDermid), the leading provider of high-performance and environmentally friendly products for the offshore oil and gas industry, has appointed Ken McKenzie as global director drilling products and Daniel L. Gaspard as global director subsea products.