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Business & Finance

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DOF orders work-class ROV for its Brazilian operations
Business & Finance

DOF orders work-class ROV for its Brazilian operations

Norwegian vessel owner DOF Group has placed an order with UK’s Forum Energy Technologies (FET) for a work-class remotely operated vehicle (ROV) with a supporting tether management system. The equipment, expected to be delivered late this year, will support DOF’s subsea operations in Brazil. Accordin

about 1 year ago
Illustration; Source: Europa Oil & Gas
Business & Finance

PSC extension in hand: Farm-out and drilling plans moving forward for African oil & gas block

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UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has confirmed that the final details are being ironed out for an extension of a production sharing contract (PSC) covering a block off the coast of Equatorial Guinea.

about 1 year ago
ABL gets marine warranty role for UK’s subsea green electricity superhighway
Business & Finance

ABL gets marine warranty role for UK’s subsea green electricity superhighway

Energy and marine consultancy ABL has been selected to provide marine warranty survey services to support the installation of Eastern Green Link 2 (EGL2), said to be the UK’s largest electricity transmission project and the longest high voltage direct current (HVDC) cable. Developed by a joint ventu

about 1 year ago
First steel strike ceremony for FPSO Gato do Mato at COSCO Qidong Shipyard; Source: MODEC
Business & Finance

MODEC: Pieces of Shell’s Brazil-bound FPSO puzzle continue to slide into place

Japan’s MODEC is making headway in the construction of a floating production, storage, and offloading (FPSO) unit destined for a field offshore Brazil, operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell.

about 1 year ago
Illustration: Source: Wood Mackenzie
Business & Finance

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 1 year ago
Zandolie renewably-powered platform; Source: DeNovo, now Proman Energy
Business & Finance

Trinidad and Tobago’s gas producer rebrands to align with Proman family of companies

Proman’s upstream company, DeNovo Energy, has changed its name to Proman Energy to bring its identity in alignment with the integral role of the parent company’s upstream business, ensuring greater visibility across its integrated value chain.

about 1 year ago
A rig offshore
Business & Finance

Australia’s energy backbone: Oil & gas firms set to boost tax revenue with $21.9 billion

While emphasizing that oil and gas companies are among Australia’s largest corporate taxpayers, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has highlighted that the hydrocarbon industry will drive additions to taxes and roya

about 1 year ago
wave energy buoys
Business & Finance

Canadian firm raises $1.83M to advance wave energy tech

Voltai, a Canadian cleantech company focused on ocean and renewable energy solutions, has closed an oversubscribed $1.83 million pre-seed financing round. Invest Nova Scotia led the round, with additional participation from an angel investor group headed by Mahir Sahin, former advisor to Alphabet’s

about 1 year ago
Living Stone cable installation vessel at sea, with wind turbines in the background
Business & Finance

DEME to install inter-array cables on new German offshore wind farm

DEME has secured a contract for the transport and installation of inter-array cables on the 900 MW Nordseecluster B offshore wind farm in the German North Sea, owned by RWE (51%) and Norges Bank Investment Management (49%). Under the contract, the Belgian offshore construction specialist will transp

about 1 year ago
DOF gets project awards for three vessels to keep working in North America
Business & Finance

DOF gets project awards for three vessels to keep working in North America

Norwegian vessel owner DOF Group has secured several project awards in the North America region that have a combined contract value of over $60 million. The awards will use vessels already in the region, securing over 300 days of firm vessel utilization, with further options available. Skandi Skanse

about 1 year ago
A large vessel at sea
Business & Finance

Eni moves ahead with second FLNG unit in Mozambique’s supergiant basin

Italy’s energy giant Eni and its co-venturers have reached the final investment decision (FID) to develop a floating liquefied natural gas (FLNG) project in the north of Mozambique.

about 1 year ago
Thai operator taps Candela for electric flying ferries
Business & Finance

Thai operator taps Candela for electric flying ferries

Swedish electric boat maker Candela has signed an agreement with Thai operator Seudamgo by Leopard Transportation for ten of its electric hydrofoil ferries to initially operate on Thailand’s route between the mainland and Koh Kood Island.

about 1 year ago
FPSO Alexandre de Gusmão at sea
Business & Finance

SBM Offshore reimaging FPSO ops with Cognite and SLB to power next wave of AI-enabled innovation

SBM Offshore has strengthened ties with Cognite, an industrial AI software-as-a-service (SaaS) company, and SLB, a U.S.-headquartered technology player, to create an enhanced artificial intelligence (AI) blueprint envisioned to bolster operational efficiency and fuel further innovation in floating p

about 1 year ago
Poseidon Jackup, MES company
Business & Finance

Poseidon Jackup rises in North America as new joint venture makes a debut

Combifloat Group of the Netherlands and Poseidon Barge of the United States, with the backing of Marine Equipment Solutions (MES), have joined forces to forge a new joint venture (JV), named Poseidon Jackup, whose goal is to bring modular jack-up technology to North America.

about 1 year ago