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Business & Finance

‘First-of-its-kind’ methanol-ready energy subsea construction vessel starts taking shape

Norwegian shipping company Rem Offshore has held the keel laying ceremony for what is said to be the first-of-its-kind energy subsea construction vessel (ESCV), set to perform heavy construction work in offshore wind and subsea arenas with net zero emissions. Following the initial steel cutting on J

about 2 years ago

Business & Finance

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French player’s new LNG carrier design gets the go-ahead as deal for eight dual-fuel tankers comes its way

Gaztransport & Technigaz (GTT) has obtained a stamp of approval from Japan’s classification society ClassNK for its 30,000 cubic meters (cbm) membrane-type liquefied natural gas (LNG) carrier design.

about 2 years ago

Business & Finance

KCC to install ‘largest ever suction sails’ on CABU III newbuild

Norwegian shipowner Klaveness Combination Carriers ASA (KCC) has decided to equip the upcoming CABU III newbuild with “the world’s largest” suction sails.

about 2 years ago

Business & Finance

New contract with Vår Energi takes DeepOcean to Barents Sea and North Sea

Norway-based ocean services provider DeepOcean has expanded its several years of work for oil and gas company Vår Energi with a new contract set to be performed next year. DeepOcean will perform a subsea campaign for Vår Energi in 2025 that includes inspection, maintenance and repair (IMR) services

about 2 years ago

Shelf Drilling Winner jack-up rig; Source: Shelf Drilling

Business & Finance

TotalEnergies finds gas condensate pay in North Sea

TotalEnergies has discovered new gas condensate resources during drilling operations with a Shelf Drilling-owned jack-up rig at a well in the Harald East area. This gas will be exported through the Tyra facilities in the Danish sector of the North Sea.

about 2 years ago

Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy

Business & Finance

Oil & gas production grinds to a halt as North Sea FPSO goes offline

Serica Energy has confirmed the interruption of production at its assets in the North Sea, which are tied back to an existing floating production, storage, and offloading (FPSO) vessel on the UK Continental Shelf (UKCS).

about 2 years ago

Business & Finance

After Equinor, TotalEnergies enters Reach Subsea’s USV qualification program

A couple of months after Equinor revealed its participation in the technology qualification program for Reach Subsea’s Reach Remote uncrewed surface vessels (USVs), France’s energy giant TotalEnergies joined as a new collaboration partner. The pilot project with Equinor, TotalEnergies and other “maj

about 2 years ago

Gasunie picks N-Sea for BBL pipeline survey

Business & Finance

UK firm wins Gasunie tender for Southern North Sea pipeline

UK-based Kent has secured a four-year framework agreement from the energy infrastructure company Gasunie to provide integrity management support services for a subsea pipeline in the Southern North Sea. This €2.4 million agreement, awarded through a negotiated EU-compliant process, covers both onsho

about 2 years ago

Noble Regina Allen jack-up rig; Credit: Mammoet/Damen

Business & Finance

Damen taps Mammoet for Noble jack-up rig’s leg repair work (Gallery)

Netherlands-based Mammoet has been hired by Damen Shiprepair to assist with a jack-up leg repair for a rig owned by the U.S.-headquartered Noble Corporation.

about 2 years ago

Business & Finance

Matteco secures €15 million to expand production of green hydrogen materials

To scale up the production of its materials for green hydrogen, Matteco has closed a €15 million Series A investment round backed by a group of national and international family offices.

about 2 years ago

Business & Finance

Isle of Man-based oil & gas firm passes the operator baton to Chevron for offshore block in Uruguay

Challenger Energy Group (CEG) has wrapped up the divestment of a majority stake in a shallow water exploration block off the coast of Uruguay. As a result, Chevron Uruguay Exploration, a wholly-owned subsidiary of the U.S.-based energy giant Chevron, is the block’s new operator.

about 2 years ago

Terry Allan, CEO at nexos; Source: nexos

Business & Finance

Op-ed: Different rules, same game – Thinking differently about UK’s energy future

Terry Allan, CEO of Aberdeen-headquartered nexos, delves into the intricate complexities of the energy industry’s version of a high-stakes poker game in the United Kingdom (UK).

about 2 years ago

Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)

Business & Finance

Mocean Energy starts crowdfunding to boost ocean energy technology

Scottish wave energy company Mocean Energy has kicked off a crowdfunding campaign to secure additional investment as it advances its ocean energy technology from the prototype stage toward technology commercialization and internationalization. The company’s technology integrates wave, solar, and bat

about 2 years ago

Business & Finance

PONANT’s sailing zero-emission vessel concept wins EU grant

French cruise line operator PONANT has received support from the European Commission for its Swap2Zero project – the ‘first’ transoceanic vessel aiming for carbon neutrality.

about 2 years ago