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Business & Finance

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DEME fleet expands with two USVs
Business & Finance

DEME fleet expands with two USVs

DEME Group has strengthened its fleet with the addition of two advanced uncrewed surface vessels (USVs) delivered by Norway’s Maritime Robotics. The delivery includes the two-meter Otter USV and the larger, six-meter Mariner USV. According to Maritime Robotics, the Otter USV is a fully electric cata

about 1 year ago
Ulstein Design & Solutions wins its largest aftermarket design contract for cable-layer
Business & Finance

Ulstein Design & Solutions wins its largest aftermarket design contract for cable layer

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Ulstein Design & Solutions has secured what it says is its largest-ever aftermarket design contract for a cable-laying vessel (CLV), owned by the Taiwanese Dong Fang Offshore (DFO). The contract for the Orient Adventurer, previously known as Polar Onyx, includes both basic design and engineering pro

about 1 year ago
Illustration; Source: Bureau Veritas
Business & Finance

Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave

Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo

23 minutes read
Solstad scores trifecta for a busy 2025
Business & Finance

Solstad scores trifecta for a busy 2025

Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support vessels (CSVs) and one anchor handling tug supply (AHTS) vessel, all with undisclosed clients. The CSV Normand Jarstein will kick off a 135-day contract in March, under which it will deliver subsea

about 1 year ago
Valaris DS-9 drillship; Source: ExxonMobil
Business & Finance

ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds

ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris.

about 1 year ago
Arkticheskaya jack-up floating drilling rig; Source: Gazprom
Business & Finance

Gazprom’s gas reserves trump production rates with lion’s share in Arctic and Yamal Peninsula

Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk

about 1 year ago
After maiden job in the Netherlands, China’s first subsea cable shuttle barge going to UK
Business & Finance

After maiden job in the Netherlands, China’s first subsea cable shuttle barge going to UK

China’s first dedicated long-range heavy subsea cable transport barge has completed its inaugural mission at an offshore wind project and will undergo maintenance before embarking on a new mission. Chinese power cable specialist Orient Cable launched the barge named Dongfang Haigong 07 (DFHG 07) in

about 1 year ago
Belfast Harbour to invest around $387 million in port projects over next five years
Business & Finance

Belfast Harbour to invest around $387 million in port projects over next five years

Belfast Harbour, Northern Ireland’s principal maritime gateway and logistics hub, has unveiled a new strategy setting out a program to invest £313 million (approximately $387 million) in capital projects across the port and Harbour Estate over the next five years.

about 1 year ago
President Lech Kaczyński LNG Terminal in Świnoujście has been in operation since 2016; Source: Gaz-System
Business & Finance

LNG terminal spreads its wings to level up Poland’s gas diversification and energy security

Gaz-System has expanded the regasification capacity at a liquefied natural gas (LNG) terminal in Świnoujście.

about 1 year ago
Transocean Norge; Source: Transocean
Business & Finance

All-systems-go for Transocean rig to spin the drill bit in North Sea

OMV has received a drilling permit from the country’s authorities for a wildcat well in the North Sea off the coast of Norway, enabling it to undertake drilling activities next month with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 1 year ago
Greece's €1B interconnection passes muster for full electrification
Business & Finance

Greece’s €1B interconnection passes muster for full electrification

Ariadne Interconnection, a subsidiary of Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), has completed the site acceptance test (SAT) for the cable system for what it says is the largest electricity transmission project in Greece. IPTO reported today

about 1 year ago
Sumitomo and Van Oord booked for second Shetland HVDC cable link
Business & Finance

Sumitomo and Van Oord booked for second Shetland HVDC cable link

SSEN Transmission has entered into a capacity reservation agreement (CRA) with a consortium of Sumitomo Electric Industries and Van Oord for the supply and installation of a second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland 2 HVDC Link. The cable for the

about 1 year ago
Norwegian Hydrogen acquires Aker Horizons’ Rjukan green hydrogen project
Business & Finance

Norwegian Hydrogen acquires Aker Horizons’ Rjukan green hydrogen project

Norwegian Hydrogen has acquired Aker Horizons’ hydrogen project in Rjukan, Norway, and plans on building a 25 MW plant, with the possibility for further upscaling and expansion.

about 1 year ago
Europe
Business & Finance

New LNG carrier deal marks 21st vessel entry in Danish shipowner’s orderbook

Danish shipping player Celsius has expanded its liquefied natural gas (LNG) orderbook with a new addition, thanks to a deal with Japan’s JERA.

about 1 year ago