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Business & Finance

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FSRU steel-cutting ceremony; Source: Gaz-System
Business & Finance

First steel cut for Poland’s FSRU at HD Hyundai Heavy Industries shipyard

Poland’s gas transmission system operator (TSO), Gaz-System, has confirmed a steel-cutting ceremony, held in South Korea, for the country’s floating storage and regasification unit (FSRU), which will be part of a liquefied natural gas (LNG) terminal located in the Gulf of Gdańsk.

about 1 year ago
First US subsea rock installation vessel launches, delivery early in 2026
Business & Finance

First US subsea rock installation vessel launches, delivery early in 2026

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Texas-headquartered Great Lakes Dredge & Dock Corporation (GLDD) has launched the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel (SRIV), with delivery expected early in 2026. Acadia, launched at the Hanwha Philly Shipyard, Pennsylvania, is capable of transporting and install

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Business & Finance

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
Dr. Julian Fowles, Karoon's outgoing CEO and Managing Director; Source: Karoon Energy
Business & Finance

Move to Americas prompts Australian oil & gas firm’s CEO hunt as current one steps down

Australia’s oil and gas company Karoon Energy is on the lookout for a new Chief Executive Officer (CEO) and Managing Director (MD), who will take over from its current CEO next year, as the firm prepares to shift its key corporate teams and roles to Brazil and the United States of America (USA).

about 1 year ago
Source: CorPower Ocean
Business & Finance

EU backs CorPower’s next wave energy step with €40M grant

Swedish wave energy developer CorPower Ocean has secured a €40 million grant from the EU Innovation Fund to support the development of VianaWave, a 10 MW pre-commercial wave energy project planned off northern Portugal. The VianaWave project will comprise 30 wave energy converters (WECs), grouped in

about 1 year ago
Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project
Business & Finance

Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project

Allseas’ Lorelay has completed offshore pipelaying for the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project, the first offshore carbon capture and storage (CCS) project in the Netherlands. This first large-scale CO2 transport and storage project to be realized in the EU is

about 1 year ago
ExD 1000M semi-submersible drilling platform renderings; Source: DSOC
Business & Finance

Rig repurposing on Friede & Goldman’s task list as semi-sub seeks new lease on life

Friede & Goldman (F&G), a Houston-based engineering firm specializing in the design and development of innovative offshore solutions, has won a new engineering assignment for the conversion of a semi-submersible offshore drilling unit (MODU) into an accommodation vessel.

about 1 year ago
Van Oord orders two methanol-capable subsea rock installation vessels from China
Business & Finance

Van Oord’s new subsea rock installation vessels bear Ulstein design

Van Oord’s new subsea rock installation vessels, recently ordered from the Chinese shipyard Yantai CIMC Raffles Offshore, have been designed by Norway’s Ulstein. Working in close collaboration with Van Oord’s technical team, Ulstein said it supported the selection of the optimal vessel size and conf

about 1 year ago
Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

More time secured to iron out Vantage drillship’s new assignment

Vantage Drilling International, a Bermuda-exempted offshore drilling contractor, has struck a deal to postpone the expiration date of a conditional letter of award (CLOA) with an undisclosed client regarding a potential job for one of its ultra-deepwater drillships.

about 1 year ago
Solstad CSV to start new contract this month
Business & Finance

Solstad CSV to start new contract this month

Norway’s Solstad Maritime, established in January 2024, has secured a contract with Texas-headquartered operator of seismic acquisition programs SAExploration for one of its construction support vessels (CSVs). The contract defined as substantial, meaning it is worth between $10 million and $30 mill

about 1 year ago
FPSO John Agyekum Kufuor; Source: Yinson Production
Business & Finance

Yinson Production FPSO’s new milestone boosts gas export capacity

Malaysia’s Yinson Production has tucked a new achievement under its belt for a floating production, storage, and offloading (FPSO) vessel deployed at a gas project off the coast of Ghana.

about 1 year ago
SLB adds first UK offshore CO2 storage project to its to-do list
Business & Finance

SLB adds first UK offshore CO2 storage project to its to-do list

Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB

about 1 year ago
South Angsi Alpha (SAA) decommissioning; Source: Marine Masters
Business & Finance

Rig-to-reef story writes its new chapter with Malaysian platform’s repurposing (Gallery)

Marine Masters, a Dutch provider of salvage, transport & installation, and decommissioning solutions, has finished its decommissioning assignment related to oil field infrastructure that reached the end of its service life, securing a new lease on life as part of a rig-to-reef project off the coast

about 1 year ago
Serica Energy
Business & Finance

Serica Energy brings UK firm with North Sea oil & gas assets into its fold

UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of a compatriot player, Parkmead (E&P) Limited (PUK), from Parkmead Group, expanding its North Sea portfolio with two additional licenses on the UK Continental Shelf (UKCS).

about 1 year ago