Neptune Energy awards $6.5M contracts for Cygnus gas facility

Neptune Energy today announced the award of integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering and Stork, to the value of approximately $6.5 million.
Oceaneering will supply integrity management services covering pressure systems, structural, pipeline, erosion management and offshore inspection services. Oceaneering will work closely with Stork which will deliver fabric maintenance and scaffolding services for Cygnus, located in the UK Southern North Sea.
The contracts have been awarded under a three-year agreement, with two one-year options to extend.
Neptune Energy’s UK Managing Director, Alexandra Thomas, said: “2020 was an exceptionally challenging year for our industry, given the impacts of the COVID-19 pandemic and lower commodity prices, and those within the North Sea’s world-class supply chain have been among those hardest hit.
“We are pleased to be awarding these contracts to Oceaneering and Stork which demonstrates our commitment to supporting service partners and to maximising efficiency. Combining the scopes of work for our Cygnus production facility within a broader agreement creates additional synergies and reduces complexity.”
Cygnus is a crucial component of the UK North Sea energy infrastructure, capable of producing approximately 6% of UK domestic gas demand.
Oceaneering’s Director of Integrity Management and Digital Solutions (IMDS) – Europe, Crawford Tennant, said: “Oceaneering is delighted to win this integrity management services contract from Neptune, expanding our existing scope of work. We look forward to working with the Cygnus team to deliver the high-quality integrity services and technologies necessary for Neptune to achieve their asset reliability and efficiency goals.”
Stork’s Regional Director in the UK, Steve Hunt, said: “We are delighted to have secured this key Industrial Services contract with Neptune Energy and look forward to further growing our relationship and working closely with our valued client and partner. We are committed to supporting Neptune and confident we will continue to deliver the highest quality and standards of work, whilst maximising on efficiencies in support of daily operations.
“It has been a challenging year for the industry and our global communities; to be awarded this contract demonstrates our place in the supply chain, as well as a true reflection of Stork’s dedication to being a trusted service partner to Neptune.”
Cygnus partners: Neptune Energy (operator and 38.75%), Spirit Energy (61.25%)
Related News.
October 23, 2026
Columbia Group calls for greater focus on retaining women at sea as second She Beyond Conference takes place
Columbia Group has called on the maritime industry to create a future where women can thrive, progress and lead at sea, as it celebrated the second…
October 23, 2026
Neptune Group Welcomes “NIKOS TRAVLOS”
The new vessel proudly bears the name of Neptune's founder, who laid the foundation for the creation and enduring evolution of the Group. Her…
October 23, 2026
Wildcat Defense enters into exclusive agreement to acquire Fraser Shipyards
American family firm takes the next step in its strategy to rebuild U.S. shipbuilding and repair capacity, following its offer for Austal USA.…
October 23, 2026
Kawasaki signs strategic partnership MOU with Romania’s Transgaz for Onshore Hydrogen Gas Transport
Establishing a model for large-scale hydrogen supply and transport via pipelines Kawasaki Heavy Industries, announced at the Romania–Japan…
October 23, 2026
UK P&I Club and TT Club secure regulatory approval for Thomas Miller acquisition
The UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major…
October 23, 2026
Valenciaport presents its Sandbox at PEIC’26 as a tool to bridge the gap between innovation and implementation
The opening session featured a discussion between Valenciaport President Mar Chao and Valenciaport Foundation Director Antonio Torregrosa. The…
October 23, 2026
Major investments strengthen Gothenburg RoRo Terminal
Expanded terminal areas, new rail connections and modernised quays are among the investments that have strengthened Gothenburg RoRo Terminal in…
October 23, 2026
ABP appoints key roles in the Humber
Associated British Ports has made two key appointments at its container terminals strengthening its unitised operations at the ports of Immingham…
October 23, 2026
Xinhua Silk Road 2026 North Bund Forum unveils 20 shipping-related achievements
The 2026 North Bund Forum opened in Shanghai on October 20 with 20 key shipping-related achievements spanning international cooperation, green…
October 23, 2026
Ports encouraged to prepare now for advanced nuclear in maritime and clean energy
New joint Lloyd’s Register and British Ports Association paper sets out a practical readiness pathway for ports considering nuclear-powered vessels,…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























