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Business & Finance

Middle East and Guyana on schedule for Saipem under two contracts worth $720M

Italy’s engineering, drilling, and construction services company Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately $720 million. The first contract covers engineering, procurement, construction and installation (EPCI) activities for the r

about 1 year ago

Business & Finance

Langh Ship gets €35M from KfW IPEX for 2 eco-friendly feeder ships

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Germany’s KfW IPEX-Bank has decided to finance the newbuilding program of Finnish shipping company Langh Ship by providing €35 million for two eco-friendly 1,200 TEU containerships.

about 1 year ago

Business & Finance

US throws off the regulatory shackles of red tape snags to unlock LNG export bonanza

The U.S. Department of Energy (DOE) has set its mind on freeing its liquefied natural gas (LNG) industry from the burden of regulatory barriers standing in the way of unleashing an LNG export boom by moving beyond the setback it perceives to stem from Biden-era policy requirements.

about 1 year ago

Business & Finance

Brazilian oil & gas asset to continue offshore production phase until 2042

BW Energy has cheered the stamp of approval for the extension of a license production phase to 2042 for its asset in the Espírito Santo Basin off the coast of Brazil.

about 1 year ago

Business & Finance

COSL rig spuds last well on its North Sea list with Serica

Serica Energy is bringing its multi-well drilling campaign and work-over program in the North Sea to an end, as a rig from COSL Drilling Europe has started drilling the final well in this campaign on the UK Continental Shelf (UKCS).

about 1 year ago

Business & Finance

Galveston LNG Bunker Port inks first bunker supply deal

Galveston LNG Bunker Port (GLBP) has executed the first sales and purchase agreement (SPA) for the supply of LNG of its proposed liquefaction project in Texas City Industrial Complex within Galveston Bay.

about 1 year ago

Aras Driller jack-up rig; Source: Ocean Oilfield

Business & Finance

44-year old rig crosses the finish line at offshore drilling job in UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).

about 1 year ago

Inna Braverman, Terry Tamminen, and Arnold Schwarzenegger in a visit to Eco Wave Power's pilot in LA

Business & Finance

Final permit secured for Shell co-funded wave energy project in LA

Wave energy developer Eco Wave Power has received Revocable Permit 25-05 from the Port of Los Angeles, allowing the company to proceed with the construction and demonstration of its wave energy technology at Berth 70 in San Pedro, California. According to Eco Wave Power, the permit was approved and

about 1 year ago

Business & Finance

Development and operation plan handed in for Northern Lights expansion

Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de

about 1 year ago

Business & Finance

UK firm picks its first international franchisee for fully autonomous USV charter fleet

UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p

about 1 year ago

Trion development concept; Source: Woodside

Business & Finance

Big win for SLB as ‘major’ AI-enabled deepwater oil drilling gig lands on its task list

SLB has tucked a multi-well drilling assignment, which will incorporate artificial intelligence (AI), under its belt at a deepwater oil project 30 kilometers south of the Mexico-U.S. maritime border, which Australia’s energy giant Woodside operates.

about 1 year ago

Business & Finance

Day rate contracts in South America and Africa come along to Argeo vessels

Norwegian subsea services provider Argeo has signed new contracts under which its two vessels will be deployed offshore South America and Africa on oil & gas projects. The contracts will see Argeo Searcher perform autonomous underwater vehicle (AUV) survey work in South America and Argeo Venture AUV

about 1 year ago

Business & Finance

Ocean Harvesting Technologies opens financing round to advance wave energy tech

Sweden’s Ocean Harvesting Technologies has launched a €200,000 financing round to support further development of its InfinityWEC wave energy converter (WEC) in 2025. The move is part of a larger €700,000 capital requirement for 2025-2027. InfinityWEC is currently being developed under two EU-funded

about 1 year ago

Artist's rendering of the Cedar LNG facility; Source: Cedar LNG

Business & Finance

Public input requested for proposed tweaks to Canada’s $4B LNG project

Shortly after a liquified natural gas (LNG) project got picked to get millions in support from the Canadian government, the Impact Assessment Agency of Canada (IAAC) has set the wheels in motion to kick off a public comment period on proposed amendments to the decision statement for the project’s fl

about 1 year ago