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Business & Finance

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LNG carrier Kool Husky at sea
Business & Finance

EPS eyes full ownership of CoolCo in LNG consolidation play

Bermuda-based LNG carrier owner and operator Cool Company (CoolCo) is progressing discussions for the acquisition of its entire business by Singapore-based Eastern Pacific Shipping (EPS) Ventures.

about 1 year ago
AD Ports launches Luanda port terminal project, focused on modernization and sustainability
Business & Finance

AD Ports launches Luanda port terminal project, focused on modernization and sustainability

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AD Ports Group has laid the foundation stone for the Noatum Ports Luanda Terminal, signaling the beginning of a modernization and expansion effort at the Port of Luanda, Angola.

about 1 year ago
Fugro logo
Business & Finance

Fugro withdraws 2025 financial guidance, plans to cut 300 jobs

The Netherlands-headquartered Fugro has announced a reduction of 300 jobs and the withdrawal of its financial guidance for 2025 as a wide range of projects has been affected by postponements due to market uncertainties, mainly seen in oil and gas. Fugro reported on September 22 that although the sec

about 1 year ago
FPSO; Source: MODEC
Business & Finance

$6.8 billion project accelerates Guyana’s oil boom: ExxonMobil’s seventh development is a go

A multibillion-dollar boost is on the horizon for the Guyanese economy, thanks to a $6.8 billion investment, which ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, has set its cap on pouring into the development of its seventh offshore oil project in the Stabroek block off the c

about 1 year ago
NextGeo 50Hertz
Business & Finance

NextGeo pens eight-year deal with 50Hertz for seabed surveys offshore Germany

NextGeo has entered into an eight-year framework agreement with the German transmission system operator (TSO) 50Hertz to provide geotechnical seabed survey services for offshore substation development. Under the agreement, valued at multiple million euros annually over eight years, NextGeo will prov

about 1 year ago
Paul B Lloyd Jr. rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling’s 35-year-old rig returning to its North Sea gig

Scotland-headquartered offshore drilling contractor Dolphin Drilling has confirmed the return of a 1990-built semi-submersible rig, which it acquired from Transocean, to the North Sea, where it will resume its assignment in UK waters.

about 1 year ago
Asso.subsea orders ‘world’s most powerful’ trenching support vessel from China
Business & Finance

Asso.subsea orders ‘world’s most powerful’ trenching support vessel from China

Greece’s Asso.subsea has signed a shipbuilding contract with China Merchants Heavy Industry (CMHI) for the construction of its next-generation trenching support vessel (TSV), described as the world’s most powerful TSV ever built. The shipbuilding contract was signed at Asso.subsea’s headquarters in

about 1 year ago
Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

Equinor gets clearance to use Odfjell Drilling-managed rig at its North Sea field

Norway’s state-owned energy giant Equinor has obtained the Norwegian authorities’ go-ahead for activities in the Norwegian North Sea, which will be carried out with a semi-submersible rig managed by Odfjell Drilling and owned by Northern Ocean.

about 1 year ago
FPSO Norne; Source: Equinor
Business & Finance

Go-ahead for Norwegian giant’s oil & gas ops in Norway

Norway’s state-owned energy player Equinor has received the green light from Norwegian authorities for its planned activities in the Norwegian Sea.

about 1 year ago
NextGeo starts surveying cable corridor route for second Malta-Italy interconnector (Video)
Business & Finance

NextGeo starts surveying cable corridor route for second Malta-Italy interconnector (Video)

Italy-headquartered Next Geosolutions (NextGeo) has begun seabed surveys along the cable corridor route for the second electrical interconnector between Malta and Italy. The IC2 interconnector will link the Terna substation at Ragusa, Sicily, and the Enemalta terminal station in Maghtab, to be laid

about 1 year ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron, Anadarko, and Westlawn shake hands on oil & gas exploration offshore Peru

As three oil and gas players — Chevron, Anadarko, and Westlawn — have forged a consortium to pursue hydrocarbon exploration off the coast of Peru, the results of a previously undertaken 3D marine seismic survey are the first item on their agenda, followed by a drill-or-drop decision.

about 1 year ago
Shearwater GeoServices returns to India for 'tenth consecutive season'
Business & Finance

Shearwater GeoServices returns to India for ‘tenth consecutive season’

Norway’s Shearwater GeoServices has secured more work in India as part of a new contract with state-owned Oil India Limited that will see two of its vessels deployed. The combined 3D and 2D seven-month seismic survey will begin in the fourth quarter of 2025 and will cover the Mahanadi and Krishna-Go

about 1 year ago
Safe Boreas; Source: Prosafe
Business & Finance

Prosafe’s 2015-built vessel getting ready for its Australian job

Prosafe, an Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator, has provided insight into the recent activities of its fleet, confirming the start of preparations for work that one of its units will begin in Australia next quarter.

about 1 year ago
€250 million EIB loan to support Nexans' R&D and industrial investments
Business & Finance

€250 million from EIB to support Nexans’ R&D and industrial investments

French cable systems designer and manufacturer Nexans has secured €250 million in financing from the European Investment Bank (EIB) that will support its research, development and innovation programs for the period 2024-2029, along with some industrial and recycling investments. The financing is str

about 1 year ago