Business Developments & Projects
New merger in the offing giving birth to one of Latin America’s ‘largest and most diversified’ oil & gas players
Enauta has set the wheels into motion to bring into being a larger and more diversified independent oil and gas company in Latin America by proposing a business combination with a compatriot player, 3R Petroleum Óleo e Gás.
TDI-Brooks wraps up survey campaign offshore New York and New Jersey
US-based TDI-Brooks has completed a large survey campaign offshore New York and New Jersey. Between January 2023 and February 2024, the company conducted an extensive site investigation program in two offshore wind blocks in state and federal waters. TDI-Brooks carried out various tasks at different
MOL to invest in US developer of marine battery systems
MOL PLUS, the investment division of Japanese shipping company Mitsui O.S.K. Lines (MOL), has decided to invest in Fleetzero (FZ), a US developer and manufacturer of marine battery systems and EV vessels.
Suspension of gigs for four jack-up rigs deals a blow but Shelf Drilling’s fleet outlook still ‘optimistic’
Shelf Drilling has acknowledged the issues arising from a suspension of operations for four jack-up rigs in the Middle East.
New operator takes the reins at UK’s huge undeveloped field ahead of development plan submission
Orcadian Energy has divested a lion’s share of its interest in a giant undeveloped North Sea field and passed the operatorship baton to Ping Petroleum UK.
Singapore’s Pyxis launches its first 100% electric passenger vessel
Singapore’s maritime start-up Pyxis has unveiled its first 100% electric passenger vessel, X Tron.
Dutch 2012-built offshore support vessel getting ready for first UXO identification job
The 4-Winds offshore support vessel that recently commenced a long-term charter with Netherlands-headquartered N-Sea is getting ready for its first unexploded ordnance (UXO) identification job. N-Sea reported in November 2023 that it was strengthening its fleet and subsea activities by entering into
Oil & gas operator determined to find root cause of fatal fire incident on offshore platform
Perenco has taken steps to get to the bottom of a fire incident, which took place at its offshore platform located off the coast of Gabon.
Oceaneering’s cable manufacturing facility granted Fit 4 Offshore Renewables status
Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Catapult. F4OR is a program designed to help prepare the UK supply chain to bid for work in the offsho
Will Great Britain unlock offshore energy opportunities worth hundreds of billions?
Policymakers have been urged to put supportive policies and competitive taxes in place to enable the UK to seize domestic energy opportunities.
Japan’s first dual-fuel LNG bunkering vessel delivered to NYK and partners
KEYS Bunkering West Japan Corporation (KEYS) joint venture has taken delivery of a newbuild LNG bunkering vessel, KEYS Azalea.
UK’s Industrial Doctorate Centre for Offshore Renewable Energy secures $7.5M funding
The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Research Council (EPSRC), allowing the program to continue delivering education and expanding the partnersh
New guidance to aid North Sea industry in managing CO2 storage sites
UK regulator North Sea Transition Authority (NSTA) has published two sets of guidance expected to help the industry prepare for first carbon storage injection. The UK Government last year set out its vision for the carbon storage industry pledging up to £20 billion investment and suggesting that it
Chevron charters its first hybrid electric bunker tanker
Chevron is chartering its first hybrid electric bunker tanker, a vessel that fuels other ships, from V-Bunkers.