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Business & Finance

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Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Norwegian Sea wildcat on Odfjell Drilling-managed rig’s agenda

Norwegian authorities have handed out a drilling permit for an exploration well in the Norwegian Sea, which is expected to be drilled this month using one of Odfjell Drilling-managed semi-submersible rigs.

about 1 year ago
Hafnia
Business & Finance

Cargill-Hafnia joint venture is up and running

Seascale Energy, a joint venture between Cargill Ocean Transportation and Hafnia dedicated to marine fuel procurement services, has officially commenced operations.

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about 1 year ago
Illustration; Source: ADNOC
Business & Finance

US energy giants poised to pour $60 billion into UAE oil & gas projects

Abu Dhabi National Oil Company (ADNOC) has strengthened its energy bonds with U.S. energy majors, thanks to deals to ramp up oil and gas production capacity at two giant fields.

about 1 year ago
€713.5M to back two Eastern Green Links and five other UK grid upgrades
Business & Finance

€713.5M to back two Eastern Green Links and five other UK grid upgrade projects

The National Wealth Fund (NWF), the UK’s sovereign wealth fund, has backed ScottishPower with £600 million to support the delivery of seven priority transmission grid upgrade projects anticipated to help facilitate more renewable energy onto the system, reduce congestion costs, lower the cost of ele

about 1 year ago
Longship to expand eco-friendly fleet with four additional ships
Business & Finance

Longship to expand eco-friendly fleet with four additional ships

The Dutch shortsea ship operator and logistics company Longship has confirmed an option to order four additional eco-friendly PMAX ECO TRADER vessels, bringing the total number of units in the series to eight.

about 1 year ago
Carnegie and SEI engineers demonstrate testing underway with a representative from EuropeWave and Ente Vasco de la Energia
Business & Finance

Carnegie advances ACHIEVE wave energy project with new EuropeWave payment

Australia’s wave energy developer Carnegie Clean Energy has confirmed that its wholly owned subsidiary, CETO Wave Energy Ireland (CWEI), received a €137,152 payment under the EuropeWave Phase 3 contract, part of its ACHIEVE program. The payment follows the completion of electrical and control system

about 1 year ago
Illustration; Source: ADNOC Drilling
Business & Finance

AI and clean tech enabling oil boost and emission cuts at world’s second largest offshore field

ADNOC has decided to move forward with a phased development plan to expand a giant offshore oil field, increasing output through new technologies while curbing greenhouse gas (GHG) emissions to ensure more sustainable operations.

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

ConocoPhillips’ hunt for gas offshore Australia continues as Asian firm jumps on the bandwagon

ConocoPhillips is getting a new partner for hydrocarbon exploration activities in the Otway Basin off the coast of Australia, where the firm and its partners will look for more commercially viable natural gas reserves.

about 1 year ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

Halliburton plays its part in Rhino’s oil search offshore Namibia

As Africa continues to attract more interest in its offshore basins, U.S.-headquartered oilfield services player Halliburton has lent a helping hand to Rhino Resources for exploration activities on Block 2914 within the petroleum exploration license (PEL) 85 off the coast of Namibia.

about 1 year ago
Malaysian company looking to bypass global vessel shortage with new cable layer
Business & Finance

Malaysian company looking to bypass global vessel shortage with new cable layer

A Malaysia-headquartered provider of marine services to the offshore oil & gas industry has made a move that brings it a step closer to the construction of a multi-purpose cable laying vessel (CLV). Megamas Resources has signed a letter of intent (LoI) with German shipyard Lloyd Werft Bremerhaven to

about 1 year ago
ACWA Power strengthens US clean energy ties with $500 million in new deals
Business & Finance

ACWA Power strengthens US clean energy ties with $500 million in new deals

ACWA Power has signed several clean energy memoranda of understanding (MoUs) with U.S. companies, totalling $500 million.

about 1 year ago
Boskalis' vessels working in Oman; Source: Boskalis
Business & Finance

Boskalis vessels ‘spot hunting’ to clear the way for new LNG terminal

Boskalis has deployed a set of dredgers and other vessels from its fleet in the Middle East to lay the groundwork for the creation of a new liquefied natural gas (LNG) terminal in the port of Sohar, bringing Oman closer to turning its dreams of housing the first LNG bunkering hub in the Middle East

about 1 year ago
WATCH: Both subsea cables laid for project set to 'revolutionize Senegal’s power infrastructure'
Business & Finance

WATCH: Both subsea cables laid for project set to ‘revolutionize Senegal’s power infrastructure’

A joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has laid the two submarine cables for what is said to be a project that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity to millions of people. The partners reported today, May 16, that the seco

about 1 year ago
FSRU Alexandroupolis; Source: Gastrade
Business & Finance

Greece’s FSRU going back to regasification work in August

A floating storage and regasification unit (FSRU) is months away from returning to regasification duty.

about 1 year ago