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Business & Finance

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‘First formal step’ made for Malaysian firm’s cable layer as Ulstein Design & Solutions nets contract
Business & Finance

‘First formal step’ made for Malaysian firm’s cable layer as Ulstein Design & Solutions nets contract

Malaysia’s Megamas Resources has awarded Norwegian Ulstein Design & Solutions with a ship design contract for a fiber-optic cable-laying vessel (CLV) that will be built by German shipyard Lloyd Werft Bremerhaven. The vessel will be of design ULSTEIN SX228, will have a deadweight of 8,200 tons and a

about 1 year ago
PTAS Aker Solutions remains in charge of brownfield services across Shell's assets in Brunei; Courtesy of Brunei Shell Petroleum
Business & Finance

Shell retains Aker Solutions on brownfield duty across offshore assets in Brunei

Brunei Shell Petroleum (BSP) has decided to prolong a brownfield services assignment, which PTAS Aker Solutions, a local joint venture between Norway’s Aker Solutions and PTAS, is carrying out in Brunei.

about 1 year ago
UAE subsea player grows Saab ROV fleet to nine
Business & Finance

UAE subsea player grows Saab ROV fleet to nine

The UAE-based CCC (Underwater Engineering) has upgraded its fleet with a new Saab remotely operated vehicle (ROV) with the aim of strengthening its offshore inspection and construction capabilities. According to Saab UK, the Saab Seaeye Panther XTP is a compact, powerful ROV designed for a wide rang

about 1 year ago
Block 1 map; Source: Eco Atlantic
Business & Finance

New operator takes up the baton at South Africa’s Orange Basin block

Eco (Atlantic) Oil & Gas has expanded its portfolio with a stake in an asset that enables it to assume the operator role at an exploration block in the Orange Basin off the coast of South Africa.

about 1 year ago
MOL Azure LNG carrier (for illustration purposes); Source: Mitsui O.S.K Lines (MOL)
Business & Finance

Thumbs-up for MOL and Samsung Heavy Industries’ SOFC tech-endowed LNG carrier design

Mitsui O.S.K. Lines (MOL) and South Korea’s Samsung Heavy Industries (SHI) have received approval in principle (AiP) from the Lloyd’s Register for the design of a 174,000-cubic meter (cbm) liquefied natural gas (LNG) carrier (LNGC) equipped with Solid Oxide Fuel Cell (SOFC) technology.

about 1 year ago
LNG vessel; Source; RensenDriessen
Business & Finance

Dutch firm dips its toes into deep-sea realm with LNG vessel duo

The Netherlands-headquartered RensenDriessen Shipbuilding & Shipbrokers has made its first foray into the deep-sea segment of the shipping market thanks to two liquefied natural gas (LNG) vessels, which will be built at a selected shipyard in China.

about 1 year ago
AHTS Normand Sigma; Source: Solstad Offshore
Business & Finance

Solstad vessel duo’s Brazilian gig cleared for takeoff

Solstad Offshore (SOFF) has received the go-ahead to proceed with assignments for two anchor handling tug supply (AHTS) vessels off the coast of Brazil, which were secured with the country’s state-owned energy giant, Petrobras.

about 1 year ago
TORM
Business & Finance

TORM becomes sole owner of green energy solutions provider

Danish shipping company TORM has decided to expand its environmental and technical capabilities by acquiring full ownership of ME Production (MEP), a compatriot specialist in advanced marine and energy equipment.

about 1 year ago
Steel pipes for Eni’s CCS project ordered from Greek company
Business & Finance

Steel pipes for Eni’s CCS project ordered from Greek company

Greek Corinth Pipeworks, part of Cenergy Holdings, has secured a contract to deliver steel pipes for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. For the Liverpool Bay CCS project, Corinth Pipeworks will supply and deliver approximately 41 k

about 1 year ago
Shah Deniz Bravo platform; Source: BP
Business & Finance

BP green-lights batch of energy projects: Next chapter of mega gas field is a go

BP has revealed final investment decisions for multiple projects, including the next phase of development for a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields and the company’s largest gas discovery.

about 1 year ago
CP2 LNG; Source: Venture Global
Business & Finance

$28 billion LNG export project breaks ground in Louisiana

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has kicked off site work at its proposed multibillion-dollar export project in Louisiana, United States. This is the firm’s third facility to be built in the last five years.

about 1 year ago
LNG vessel; Source: Purus
Business & Finance

New LNG vessel order for Hyundai Heavy Industries with Purus

Purus, a provider of maritime services for gas transport and offshore wind industries, has placed a new order for a liquified natural gas carrier (LNGC) with Hyundai Heavy Industries in South Korea, bringing the firm’s current newbuilding program to ten gas carriers under construction at Hyundai Gro

about 1 year ago
Sea1 Offshore's to-be-built vessel quartet to sport Kongsberg equipment
Business & Finance

Sea1 Offshore’s to-be-built vessel quartet to sport Kongsberg equipment

Four new offshore construction vessels (OCVs) to be built by Chinese shipyard Cosco Shipping for Norwegian offshore services provider Sea1 Offshore are set to sport Kongsberg Maritime comprehensive equipment packages. Sea1 Offshore, previously known as Siem Offshore, placed the order for the first t

about 1 year ago
Artist's rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

Five-year plan puts ADNOC’s XRG on path toward gas and LNG expansion

XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has received endorsement from its board of directors for its five-year business plan, pointing it in the direction of creating a top five integrated global gas and liquefied natural gas (LNG) business with 20–25 mill

about 1 year ago
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