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Business & Finance

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Transocean Spitsbergen rig; Source: Transocean
Business & Finance

Transocean rig lines up more offshore drilling work in Norwegian waters

Transocean has landed a new contract extension for one of its semi-submersible rigs, which is working off the coast of Norway.

about 1 year ago
Five-year plan: Allseas enters ‘next frontier’ as its turns to nuclear technology
Business & Finance

Five-year plan: Allseas enters ‘next frontier’ as its turns to nuclear technology

Offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has launched a five-year plan to pioneer nuclear technology to optimize operations for energy-intensive offshore vessels and industrial clusters. Describing nuclear as “the next frontier”, the company noted that t

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about 1 year ago
AFC Energy enters ammonia cracking partnership to support hydrogen production
Business & Finance

AFC Energy enters ammonia cracking partnership to support hydrogen production

AFC Energy, a UK-based provider of hydrogen power generation technologies, has signed a joint development agreement (JDA) with an undisclosed industrial S&P 500 company to develop a range of small to large-scale ammonia crackers for hydrogen production using its proprietary modular ammonia cracking

about 1 year ago
Sullom Voe Terminal; Source: Fennex
Business & Finance

AI-powered safety tool fortifies EnQuest’s operated energy portfolio in UK waters

Aberdeen-based Fennex has won a multi-year contract with EnQuest which enables the Scottish company to deploy its AI-powered safety management solution across the latter’s operated UK offshore assets and its oil and gas terminal in the Shetland Islands, Scotland.

about 1 year ago
From offshore to onshore: 'Pioneering partnership' exploring remote DP operations
Business & Finance

From offshore to onshore: Pilot project exploring remote DP operations

Solstad Offshore, Østensjø Rederi, DeepOcean, Remota and Kongsberg Maritime have set up what they say is a pioneering partnership that will launch a pilot project to explore the potential for remote dynamic positioning (DP) operations in the offshore sector. With commencement set for later this year

about 1 year ago
‘First formal step’ made for Malaysian firm’s cable layer as Ulstein Design & Solutions nets contract
Business & Finance

‘First formal step’ made for Malaysian firm’s cable layer as Ulstein Design & Solutions nets contract

Malaysia’s Megamas Resources has awarded Norwegian Ulstein Design & Solutions with a ship design contract for a fiber-optic cable-laying vessel (CLV) that will be built by German shipyard Lloyd Werft Bremerhaven. The vessel will be of design ULSTEIN SX228, will have a deadweight of 8,200 tons and a

about 1 year ago
UAE subsea player grows Saab ROV fleet to nine
Business & Finance

UAE subsea player grows Saab ROV fleet to nine

The UAE-based CCC (Underwater Engineering) has upgraded its fleet with a new Saab remotely operated vehicle (ROV) with the aim of strengthening its offshore inspection and construction capabilities. According to Saab UK, the Saab Seaeye Panther XTP is a compact, powerful ROV designed for a wide rang

about 1 year ago
LNG vessel; Source; RensenDriessen
Business & Finance

Dutch firm dips its toes into deep-sea realm with LNG vessel duo

The Netherlands-headquartered RensenDriessen Shipbuilding & Shipbrokers has made its first foray into the deep-sea segment of the shipping market thanks to two liquefied natural gas (LNG) vessels, which will be built at a selected shipyard in China.

about 1 year ago
TORM
Business & Finance

TORM becomes sole owner of green energy solutions provider

Danish shipping company TORM has decided to expand its environmental and technical capabilities by acquiring full ownership of ME Production (MEP), a compatriot specialist in advanced marine and energy equipment.

about 1 year ago
Steel pipes for Eni’s CCS project ordered from Greek company
Business & Finance

Steel pipes for Eni’s CCS project ordered from Greek company

Greek Corinth Pipeworks, part of Cenergy Holdings, has secured a contract to deliver steel pipes for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. For the Liverpool Bay CCS project, Corinth Pipeworks will supply and deliver approximately 41 k

about 1 year ago
Shah Deniz Bravo platform; Source: BP
Business & Finance

BP green-lights batch of energy projects: Next chapter of mega gas field is a go

BP has revealed final investment decisions for multiple projects, including the next phase of development for a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields and the company’s largest gas discovery.

about 1 year ago
Sea1 Offshore's to-be-built vessel quartet to sport Kongsberg equipment
Business & Finance

Sea1 Offshore’s to-be-built vessel quartet to sport Kongsberg equipment

Four new offshore construction vessels (OCVs) to be built by Chinese shipyard Cosco Shipping for Norwegian offshore services provider Sea1 Offshore are set to sport Kongsberg Maritime comprehensive equipment packages. Sea1 Offshore, previously known as Siem Offshore, placed the order for the first t

about 1 year ago
HDF Energy strengthens Indonesian presence with strategic hydrogen agreements
Business & Finance

HDF Energy strengthens Indonesian presence with strategic hydrogen agreements

French hydrogen player HDF Energy has signed two strategic agreements to accelerate the deployment of its Renewstable hydrogen power plants in Indonesia.

about 1 year ago
Sonardyne comes on board UK’s first offshore carbon storage project
Business & Finance

Sonardyne comes on board UK’s first offshore carbon storage project

UK-headquartered Sonardyne has been appointed to deliver baseline environmental monitoring services for the UK’s first offshore carbon capture and storage (CCS) site, being developed by a joint venture of BP, Equinor and TotalEnergies. The project, being developed by the Northern Endurance Partnersh

about 1 year ago