Business & Finance
Solstad vessel wins five-year job in Australia
Solstad Offshore has been awarded a long-term contract for its platform supply vessel with “a major international company” in Australia.
Floating wind brings Principle Power and Technology From Ideas together
Principle Power has partnered with Irish company Technology From Ideas (TfI) for the development of shallow-water mooring components for floating offshore wind. An international consortium led by Principle Power secured a contract by the U.S. National Offshore Wind Research and Development Consortiu
Vaalco plans new seismic survey over Etame block in hunt for drilling locations
In connection with planning for future drilling programs at the Etame Marin block off Gabon, Vaalco will begin acquiring and processing new 3D seismic data.
Total to boost investment in renewables in push to become ‘a broad energy company’
French oil and gas major Total has moved to transform itself into a broad energy company as part of its efforts to become a leader in the renewable energy sector and get to net-zero by 2050.
Shell’s energy transition starts in Germany, offshore wind & hydrogen key elements
Shell is restructuring its business in Germany as the energy transition progresses worldwide, the oil giant announced on 29 September, listing offshore wind and hydrogen as some of the key elements of its operations in the country. The company said it plans to participate in the production of electr
Heerema going carbon neutral
Dutch contractor Heerema wants to become the first carbon-neutral marine contractor in the offshore industry in line with the national and international emission-reduction targets. The plans are being revealed as the inetrnational maritime community pushes forward to meet the 50% GHG reduction targe
ProCon wraps up Yunlin job
ProCon Wind Energy has completed its scope of work at the Yunlin offshore wind project in Taiwan. ProCon was in charge of the electrical outfitting of 80 E-modules and pre-assembly work on 40 transition pieces on the project for Smulders. Although work for Yunlin is completed, the company revealed i
SBM Offshore firms up Prosperity FPSO award with ExxonMobil
SBM Offshore has confirmed the award of contracts for the next phase of ExxonMobil’s Payara development project located in the Stabroek block in Guyana.
Predator continues work on the offshore LNG import project for Ireland
London Stock Exchange-listed Predator Oil & Gas continues to work on the development of an offshore LNG import project for Ireland, the company said in their latest financial disclosure. “We have made excellent progress with regulatory authorities, gas infrastructure owners, gas buyers and a provide
Seaspan buys boxship pair for $176 million
Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., is buying two 12,000 TEU containerships for $176 million in cash. The vessels are expected to be financed from additional borrowings as well as cash on hand, the container owner and operator said. The containerships were built in 2018, b
Seadrill elects new CEO as Dibowitz exits
Offshore drilling contractor Seadrill Limited has appointed Stuart Jackson as its new Chief Executive Officer (CEO).
Dominion provides update on asset sale process
Dominion Energy has just released the latest update related to the pending sale of its gas transmission and storage assets to an affiliate of Berkshire Hathaway Inc. In early July, Dominion announced the agreement to sell all of its gas transmission & storage segment assets including a 25 per cent s
DOF secures contract extension with Equinor
Norwegian vessel owner DOF has secured a contract extension for one of its vessels with compatriot oil major Equinor.
ConocoPhillips gets start-up consent for North Sea redevelopment
Oil major ConocoPhillips has secured consent to start up the Tor II field facilities located in the North Sea offshore Norway.