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  • 26 January 2021
    Business & Finance, Business developments & projects, Exploration & Production

    Lundin Energy came up dry in the Bask prospect following results from an exploration well in the Barents Sea drilled with the West Bollsta rig.

  • 26 January 2021
    Business & Finance, Transition, Vessels

    Engine manufacturer MAN Energy Solutions has won an order to supply six main engines for Hapag-Lloyd’s LNG-powered 23,000+TEU ultra large container vessels. The MAN B&W 11G95ME-GI Mk10.5 engines will be built in Korea and will offer the option of operating on LNG or conventional fuel, meeting Tier III emission standards through Selective Catalytic Reduction (SCR). […]

  • 26 January 2021
    Business developments & projects, Project & Tenders

    U.S. LNG export project developer Venture Global LNG is looking to start the pre-filing process with FERC for a proposed CP2 LNG project in Cameron Parish, Louisiana.

  • 26 January 2021
    Equipment, Innovation, Technology

    Fugro has selected Sonardyne to support its global fleet of uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs). Fugro will integrate Sonardyne’s Mini-Ranger 2 USBL; configured with Marine Robotics software extension pack, into its new 12 metre-long Blue Essence USV. The offshore surveyor should see the first vessel delivered to its base in Perth […]

  • 26 January 2021
    Infrastructure, Vessels

    BW LPG, the world’s largest liquid petroleum gas shipping company, has made further steps forward in its LPG retrofit program.

  • 26 January 2021
    Business developments & projects, Project & Tenders

    Delta Offshore Energy signed a power purchase agreement with the Vietnamese Government.

  • 26 January 2021
    Business & Finance, Business developments & projects, Equipment, Vessels

    MAATS Tech has secured a contract with VARD to deliver cable lay equipment for Van Oord’s new cable laying vessel (CLV). “I am immensely proud of the team effort that has gone into winning this contract and continues our track record in providing this type of equipment in the cable industry, already being showcased by […]

  • 26 January 2021
    Authorities & Government, Business & Finance, Business developments & projects, Environment, Exploration & Production, Regulation & policy

    Santos has filed an environmental plan for exploration drilling of the Dancer-1 well, located offshore Australia, to Australian authorities.

  • 26 January 2021
    Authorities & Government, Business & Finance, Outlook & strategy, Regulation & policy

    Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has extended the deadline for the acquisition of shares in compatriot Daewoo Shipbuilding and Marine Engineering (DSME) amid regulatory delays. The mega-merger deadline has been extended from September 2020 to June 2021 after KSOE signed a contract amendment with DSME […]

  • 26 January 2021
    Innovation, Research & Development, Technology

    ELWAVE, an industrial designer and manufacturer of electromagnetics sensors for the underwater and industrial robotics, has completed its first capital raise. The funds will support the company’s global growth ambition, industrialisation and commercialisation of its first products for underwater robotics. The funding round was led by SOFIMAC Innovation with co-investors Litto Invest Fund and Atlantique […]

  • 26 January 2021
    Authorities & Government, Infrastructure, Ports & Logistics

    Dubai-based port operator DP World has signed a 20-year concession agreement with the Government of Angola to operate the Multipurpose Terminal (MPT) at the Port of Luanda.

  • 26 January 2021
    Business developments & projects, Exploration & Production, Infrastructure, Project & Tenders

    The world’s first 100,000-ton deepwater semi-submersible production and storage platform, built to ABS Class, has been launched in China.

  • 26 January 2021
    Infrastructure, Project & Tenders, Technology

    Pipe producer Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project offshore Brazil. Equinor is the operator of Bacalhau project, located 185 kilometres off the coast of São Paulo in Brazil. Discovered in 2012, the Bacalhau oilfield sits in the pre-salt area of the Santos […]

  • 26 January 2021
    Authorities & Government, Research & Development

    Maine Governor Janet Mills is proposing a series of actions to advance the planned floating offshore wind research array in the Gulf of Maine. In a letter to Maine’s licensed commercial fishermen, Mills announced she will propose for the legislature’s approval a ten-year moratorium on new offshore wind projects in waters managed by the state. Mills […]

  • 26 January 2021
    Business & Finance, Business developments & projects

    Dutch company Safeway and the UK-based Tyne Gangway have signed a cooperation agreement, which will see Tyne Gangway supporting Safeway in the Port of Tyne and the UK. The UK company, specialising in design and manufacturing of marine access systems, will provide the aluminium inner and outer boom and location for fast servicing for Safeway […]

  • 25 January 2021
    Human Capital, Technology, Transition

    Aberdeen-based subsea energy storage and energy generation specialist EC-OG has appointed Bob MacDonald as Chairman. MacDonald was previously chief executive officer of the Specialist Technology Solutions (STS) business for Wood. MacDonald has nearly thirty years experience covering multiple sectors across the energy transition as well as industrial markets. He is a Chartered Engineer & Fellow […]

  • 25 January 2021
    Business & Finance, Vessels

    South Korean shipbuilder Hyundai Mipo Dockyard has signed a sales and supply contract for two petrochemical product carriers worth KRW 80 billion ($72.7 million). The European company behind the order was not identified. Hyundai Mipo said in a regulatory filing that the ships are scheduled for delivery in 2022. The shipbuilder’s parent Korea Shipbuilding & […]

  • 25 January 2021
    Authorities & Government, Business & Finance, Business developments & projects, Regulation & policy

    Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.

  • 25 January 2021
    Business & Finance, Innovation, Research & Development

    The European Investment Bank (EIB) has signed a financing agreement with Iberdrola to support the company’s two-year innovation, research and development strategy for renewables with €100 million. Iberdrola will use the funds for R&D in renewables, the production of green hydrogen and the development of floating wind and photovoltaic installations, and will also include the […]

  • 25 January 2021
    Authorities & Government, Environment, Exploration & Production, Rules & Regulation

    Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted the T/30P environmental plan from Beach Energy for a geophysical, geotechnical and 2D seismic survey activity in the Otway Basin. This survey should take 28 days within the period 1 February and 30 June 2021. Following the public comment period, Beach submitted the […]

  • 25 January 2021
    Infrastructure, Vessels

    Cashman Dredging and Marine Contracting Company recently announced the execution of a design contract with IHC America Inc. for a new 6,500 cubic yard trailing suction hopper dredger. The new vessel will complement Cashman Dredging’s current fleet of specialized dredging equipment and will primarily service the coastal protection and navigation maintenance markets when it enters […]

  • 25 January 2021
    Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders

    Offshore drilling contractor Stena Drilling has signed a new drilling contract with Petrofac for operations in the UK using the Stena Don rig.

  • 25 January 2021
    Business developments & projects, Equipment, Technology, Vessels

    Kongsberg Maritime has signed a Letter of Intent (LOI) with Yantai CIMC Raffles Offshore shipyard for the delivery of a large technology package for the BT-220IU Wind Turbine Installation Unit, a next-generation installation vessel to be built for OIM Wind. Norway-based OIM Wind and China’s CIMC Yantai Raffles Offshore signed an EPC contract for the construction […]

  • 25 January 2021
    Business developments & projects, Ports & Logistics

    The Panama Canal has signed memoranda of understanding (MoUs) with Panama Ports Company (PPC) and PSA Panama International Terminal to help optimize supply routes for the distribution of the COVID-19 vaccine and supplies to Latin America.

  • 25 January 2021
    Business developments & projects, Innovation, Outlook & strategy, Research & Development, Technology

    In collaboration with strong international players, the Norwegian wave energy developer Waveco has advanced the development of the full-scale Subwave wave energy prototype which could be ready for deployment by the end of the year.