Business & Finance
Bourbon Offshore taking over French subsea research duo
Bourbon Offshore Surf has won a tender to supply and manage the crew and nautical activities of two deep-sea vessels owned by the French Department of Underwater Archaeological Research (DRASSM). Bourbon will support DRASSM with risk management (QHSE), crew and technical management for the André Mal
Eagle Bulk acquires scrubber-fitted Ultramax pair
US-based shipowner Eagle Bulk Shipping has purchased two 2015-built scrubber-fitted Ultramax bulkcarriers from Nautical Bulk Holdings for total of $44 million.
Eco Wave Power adds Global to its creds
Swedish-Israeli onshore wave energy developer Eco Wave Power has announced that the company’s name will change to Eco Wave Power Global to better reflect its brand and business model.
MMA reveals contract wins in Asia Pacific
MMA Offshore has secured a new contract to carry out survey work at an offshore wind project in Taiwan, as well as a contract extension for the Australian Ichthys natural gas field. MMA will use two third-party chartered vessels to undertake geophysical and visual surveys to understand elements such
Canada invests close to $1B in renewable energy and grid modernization
The Government of Canada has launched a $964 million program to support smart renewable energy and grid modernization projects that will lower emissions by investing in clean energy technologies, like wind, solar, storage, hydro, geothermal and tidal energy.
Damen secures order for hydrogen-powered inland vessel
Dutch shipyard Concordia Damen has signed a ‘historic’ contract for the construction of the hydrogen-powered inland barge with Dutch inland shipping company Lenten Scheepvaart.
Karoon to more than double output rates with new project off Brazil
Australia’s Karoon has taken the Final Investment Decision to proceed with the development of the Patola project located offshore Brazil.
ExxonMobil board to get third climate activist
After initially losing two board nominees to Engine No. 1, ExxonMobil said the activist firm would have three board seats after announcing all twelve board nominees.
TechnipFMC wins first iEPCI contract offshore Brazil
TechnipFMC has won its first integrated engineering, procurement, construction and installation (iEPCI) contract in Brazil by Karoon Energy for the Patola field. The contract covers engineering, procurement, construction and installation of subsea trees, flexible pipes and umbilicals. The project wi
Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up
Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.
Valaris scores second rig deal in two days
Offshore drilling contractor Valaris is still on a hot streak as it secured another contract extension, this time with Norwegian oil major Equinor.
Skou backs $450 carbon tax per ton of fuel
The world’s largest container shipping company has proposed a carbon tax on ship fuel of at least $450 per ton of fuel as a way for the shipping industry to bridge the gap between fossil fuels and more expensive green fuels. “Fossil fuels cannot keep being cheaper than green fuels. Action is require
KCA Deutag bags $550 million in new platform drilling contracts
KCA Deutag has secured a contract award and two contract extensions for platform drilling services in Russia, UK, and the Norwegian North Sea.
Lukoil, Baker Hughes ink memorandum of cooperation
Oilfield services major Baker Hughes and Russian independent oil company Lukoil have signed a memorandum on cooperation.