U.S.-based NOV has received an order for what is said to be the industry’s first electric subsea crane. NOV reported that its Lifting & Handling group had sold the first electric subsea crane to a company in Europe at the end of 2023. “We are excited about the market’s response to our electric subse
U.S. energy major New Fortress Energy (NFE) has completed the sale of its 20% equity interest in Energos Infrastructure to funds managed by alternative asset manager Apollo Funds. NFE said the company intends to use net proceeds from this transaction for general corporate purposes, including repayin
Transocean has secured more work for three floaters in its rig fleet, enabling it to collect $326 million for assignments in Angola, the U.S. and Romania.
UK’s engineering and consulting company Wood has been chosen by Japan’s energy major Inpex Corporation to work on several of its decarbonization projects across the globe. In Japan, Wood said the company will deliver concept design services for a carbon dioxide (CO2) transportation network, noting t
Norway-based ocean services provider DeepOcean has entered the Guyana market with what it says is its first major contract with ExxonMobil in the Americas. Under this contract, DeepOcean is to plan and carry out a range of subsea activities, including subsea construction and jumper installations, an
Woodside has tucked a social impact assessment approval under its belt for its deepwater oil project in the Perdido basin in the Gulf of Mexico.
Chesapeake Energy Corporation, Delfin LNG, a subsidiary of Delfin Midstream, and Gunvor Group, through Gunvor Singapore, have entered into a liquefied natural gas (LNG) export deal that includes executed sales and purchase agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeak
Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said
Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WA
Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera
The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.
MidOcean Energy, an LNG company formed and managed by investment company EIG, has entered into a definitive agreement with energy company SK Earthon to acquire SK’s 20% interest in Peru LNG (PLNG). PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170 k
