Business & Finance
Prosafe heading to Supreme Court over Westcon case
Offshore accommodation rig provider Prosafe is heading to the Supreme Court to appeal a recent ruling by a Norwegian Court of Appeal.
Remazel to supply mooring and riser for Prosperity FPSO
Italian engineering firm Remazel Engineering has been chosen as the supplier of the complete mooring tensioning system and riser pull-in package for the Prosperity FPSO being built by SBM Offshore.
OPT secures $1 million through New Jersey funding program
US-based marine energy company Ocean Power Technologies (OPT) has received $1 million of non-dilutive funding through the New Jersey Technology Business Tax Certificate Transfer Program. The funding is administered by the New Jersey Economic Development Authority (NJEDA) and the New Jersey Departmen
TGS books PXGEO vessels
PXGEO has entered into an agreement with TGS-NOPEC Geophysical Company (TGS) for the provision of its vessels for towed-streamer seismic acquisition services. TGS has committed to using PXGEO 2 or any other capable vessel which PXGEO introduces to its fleet for 12 months of marine seismic acquisitio
Westwood: Q2 2021 subsea tree demand forecast at 82 units
Subsea tree order intake for the second quarter of 2021 is estimated at 82 units, representing 32 per cent of the anticipated 260 units to be awarded in 2021, according to market research provider Westwood. Key projects to watch in 2Q 2021 include Equinor’s Bacalhau and Total’s Lapa South West in Br
Rotterdam green port project wins €25 million EU grant
Close to € 25 million of EU funding has been awarded as a research grant to the 45-member consortium headed by the Port of Rotterdam Authority to promote smarter, zero-emission transport in ports.
TGS buys offshore wind consultancy
Norwegian seismic company TGS has acquired 4C Offshore, a marketing intelligence and consultancy firm dedicated to the offshore wind sector. The acquisition is TGS’ first after the launch of its New Energy Solutions business earlier this year, established to pursue opportunities related to the energ
Shell taps Dayang for topside maintenance off Malaysia
Malaysia’s services provider to the oil and gas industry Dayang Enterprise has won a contract with two Shell subsidiaries for the provision of topside maintenance services offshore Malaysia.
Belships expands fleet with newbuild resale, inks time charter deal
Norway-based bulker owner and operator Belships has decided to acquire a newbuilding resale financed through a bareboat agreement for ten years.
Spotlight on major projects in carbon capture realm
Carbon capture utilization and storage has gained momentum in the last couple of years as energy transition talks and plans intensified.
After 21 years in North Sea, Petrojarl Banff FPSO ready for recycling – gallery
The Petrojarl Banff FPSO is now moored alongside the MARS quayside in Denmark in preparation for green recycling.
Hapag-Lloyd off to a good start in 2021
Despite a slight decline in transport volumes, German container shipping major Hapag-Lloyd closed the first quarter of 2021 with improved revenue and earnings. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to roughly $1.9 billion in Q1 2021 from $517 million reported i
Argeo orders second SeaRaptor AUV from Teledyne
Norwegian marine survey contractor Argeo has ordered a second newbuild SeaRaptor 6000 autonomous underwater vehicle (AUV) from Teledyne Gavia. The delivery includes several ancillary system components, software and crew training and is planned to take place in early Q4 2021. The vehicle will be iden
Ashtead gets funds for unmanned digital twinning project
Welaptega, an Ashtead Technology company, has secured $500,000 to develop a product to enable the digital twinning of underwater infrastructure without the need for offshore personnel. In collaboration with Whitecap Scientific, SubC Imaging, and Nova Scotia Community College SEATAC division, the new