Business & Finance
Wisdom Marine inks deal for Kamsarmax trio worth $102M
Taiwanese dry bulker owner Wisdom Marine has placed an order for three 82,400 dwt bulk carriers at China’s Tsuneishi Shipbuilding.
CNOOC starts up new phase of oilfield off China
Chinese oil and gas giant CNOOC Limited has started production from the Weizhou 11-2 oilfield phase II project located in Chinese waters.
Energean to target over 1 billion boe in Israel with Stena drillship
E&P company Energean has signed a contract with Stena Drilling for its 2022 – 2023 growth drilling programme located offshore Israel.
SBM Offshore closes financing for Exxon’s Payara FPSO
SBM Offshore has completed the project financing for an FPSO which is destined to operate on ExxonMobil’s Payara project in Guyana.
WITT Energy bags funding for subsea energy harvester
UK-based renewable energy technology company WITT has secured a £350,000 contract with the Defence and Security Accelerator (DASA) to develop energy harvesting technology for the subsea environment.
Repsol Sinopec extends lease for North Sea FPSO
Repsol Sinopec Resources has awarded an extension of the bareboat charter to the Bluewater-owned FPSO Bleo Holm.
Vår Energi hands out long-term deals to local suppliers
Norwegian oil and gas company Vår Energi has awarded long-term contracts for HSSEQ services to local suppliers.
U.S. offshore rig count inched up after two weeks of no change
After two weeks of no change, the number of offshore rigs in the U.S. increased by one unit last week, according to Baker Hughes.
French start-up poised to catch the wave to real sea trials
With the support of several European Union-funded research projects, the French wave energy start-up Seaturns has made significant advancements in the development of its wave energy technology, brining it only one step short of demonstration in real sea environment.
Prysmian inks contract for new Turkish subsea power links
Prysmian Group has officially signed the contract with Turkish utility TEIAS for the two recently announced high-voltage submarine power cable links. Earlier this month, Prysmian revealed it had secured a contract for the design, supply, installation and commissioning of two high-voltage submarine p
In focus: Time to part ways with old habits
Old habits die hard. Hence, it may be a lot more difficult for the offshore energy industry and the maritime sector to make peace with the transition they have to undergo and renounce previous business practices. The message was echoed in this week’s protest of Greenpeace environmental activists, wh
Enauta to see all-time high output volume following Atlanta field takeover
Enauta has revealed that the ANP has approved the constitution of guarantees for it to take over a 100% stake in the Atlanta field.
Keel laid for MSC Cruises’ eco-friendly EVO class ship
Swiss-based cruise line MSC Cruises held a traditional coin ceremony for its second seaside EVO class ship at Fincantieri’s shipyard in Monfalcone, Italy.
Eastern Pacific inks deal for up to 6 dual-fuel car carriers
Singapore-based ship management company Eastern Pacific Shipping (EPS) has placed an order for the construction of up to six dual-fuel car carriers with China Merchants Jinling shipyard. The deal includes four firm 70,000 tonne-class car carriers and an option for two additional ones. The companies