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Business & Finance - Offshore Energy

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PSV Energy Partner; Source: Golden Energy Offshore

Business & Finance

Two vessels in Norwegian player’s fleet land new gigs

Golden Energy Offshore Services (GEOS) has got a hold of two new contracts for a platform supply vessel (PSV) duo with undisclosed companies.

about 2 years ago

Norwegian seismic company backs Nigeria's upcoming deepwater bidding round

Business & Finance

PGS secures 3D seismic contract offshore South Atlantic

Norwegian seismic company PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multi-client company.

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about 2 years ago

Business & Finance

With CEO and Chairman parting ways, nine Siem Offshore vessels changing hands

Siem Offshore has made arrangements to divest three AHTS, four PSVs, and two OSCVs to a major shareholder and related companies.

about 2 years ago

Business & Finance

SFL places $150M sustainability-linked bond

Bermuda-based ship owner and charterer SFL Corporation has placed the four-year $150 million senior unsecured sustainability-linked bonds.

about 2 years ago

Business & Finance

International agreement targets development of electric thrusters for ROVs

Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

about 2 years ago

Noble Integrator jack-up rig; Source: Noble Corporation

Business & Finance

Aker BP gets thumbs-up for hydrocarbon search in North Sea with Noble rig

Aker BP has secured a drilling permit for an exploration well in the North Sea off the coast of Norway, which is expected to be drilled this month.

about 2 years ago

UK-headquartered CRP Subsea has won a contract with what is described as a “leading global umbilical manufacturer” to supply distributed buoyancy modules (DBMs) to a large gas field in the Indian Ocea

Business & Finance

Umbilical manufacturer taps CRP Subsea for ‘large’ Australian field

UK-headquartered CRP Subsea has won a contract with what is described as a “leading global umbilical manufacturer” to supply distributed buoyancy modules (DBMs) to a large gas field in the Indian Ocean, offshore Western Australia.

about 2 years ago

The process of installing electrical and construction components. Source: Institut Teknologi Sepuluh Nopember (ITS)

Business & Finance

Indonesia’s first marine floating solar power plant prototype launched

The first marine floating solar power plant prototype in Indonesia, Solar2Wave, has been launched, backed by funding from Innovative UK.

about 2 years ago

Business & Finance

Six North Sea countries put subsea infrastructure security high on the agenda with joint declaration

Six North Sea countries have signed a joint declaration to cooperate on the protection of critical underwater energy and telecommunication infrastructure in the North Sea. At the North Sea Summit held in April 2023, national security advisers from nine countries met to discuss better cooperation on

about 2 years ago

Business & Finance

UK duo pool resources to pursue sustainability avenues in marine and oil & gas sectors

Welsh provider of eco-friendly marine solutions Avantis Marine has joined forces with Scottish oilfield services provider OEM Group.

about 2 years ago

Business & Finance

Scottish subsea surveys provider gets on board US carbon capture and storage project

Scottish subsea surveys and inspections provider Sulmara has been appointed to deliver an offshore geophysical survey for a carbon capture and storage project (CCS) in the U.S. Sulmara was commissioned by Bayou Bend CCS, a joint venture of Chevron, Talos Energy and Equinor, to conduct an archaeologi

about 2 years ago

Business & Finance

Argeo vessel en route to Africa for TotalEnergies gig

Norway’s Argeo has completed the conversion upgrade for the Argeo Venture and the vessel has begun its journey towards West Africa for a project with French multi-energy major TotalEnergies. Following the completion of its conversion upgrade in Norway, Argeo Venture started the transit to Africa on

about 2 years ago

Business & Finance

Wallenius Wilhelmsen reveals another billion-dollar deal with biofuel included

Wallenius Wilhelmsen secured a new contract worth more than $1 billion with a ‘leading global player’ in the premium car segment. The agreement covers both shipping and logistics services, as well as the use of biofuel.

about 2 years ago

Business & Finance

Höegh Autoliners obtains new $720M loan for Aurora newbuilds, ship purchase

Höegh Autoliners has secured new and long-term financing for all its existing bank debt, the purchase of two vehicles carriers as well as four of the LNG-powered Aurora newbuilds.

about 2 years ago