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Business & Finance

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Illustration; Source: Nexans
Business & Finance

Nexans secures €1 billion framework agreement for HVDC cables in France

Nexans has secured a major framework agreement, valued above EUR 1 billion, with Réseau de Transport d’Electricité (RTE) for the design, manufacturing, and supply of high-voltage direct current (HVDC) cables for offshore wind farms in France. The framework agreement covers the supply, installation,

about 1 year ago
Transocean Barents rig; Source: OMV Petrom and Romgaz
Business & Finance

Transocean rig spuds first of ten gas wells in Black Sea drilling campaign

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OMV Petrom and Romgaz have started drilling the first gas production well in their multi-well program in the Romanian sector of the Black Sea with a semi-submersible rig, owned by Transocean, a Switzerland-based offshore drilling giant.

about 1 year ago
FPSO Baobab Ivoirien; Source: Drydocks World
Business & Finance

MODEC puts Drydocks World in charge of FPSO revamp

Drydocks World has been tasked with refurbishment and life extension works to enable a new lease on life for a floating production, storage, and offloading (FPSO) vessel, which is expected to stay at its post in West Africa for 15 more years once the enhancement activities are out of the way.

about 1 year ago
Sea1 orders second next-generation, methanol-ready OESV pair from Chinese shipyard
Business & Finance

Sea1 orders second next-generation, methanol-ready OESV pair from Chinese shipyard

Norwegian vessel operator Sea1 Offshore, ex-Siem Offshore, has placed an order with Chinese shipyard Cosco Shipping for an additional two next-generation offshore energy support vessels (OESVs), sisters to the two ordered at the end of 2024. Sea1 Offshore placed the order for the first two OESVs wit

about 1 year ago
ETAP facility in the North Sea; Source: BP
Business & Finance

North Sea operator makes a play for JAPEX’s UK arm to fortify its stake in BP’s oil asset

Ithaca Energy, a North Sea oil and gas operator and producer, has set the wheels in motion to get its hands on JAPEX UK E&P (JUK) from Japan Petroleum Exploration (JAPEX), which will enable it to boost its interest in a BP-operated oil field on the UK Continental Shelf (UKCS).

about 1 year ago
Prysmian’s two new cable layers fitted with Miros wave monitoring technology
Business & Finance

Prysmian’s two new cable layers fitted with Miros wave monitoring technology

Italian cabling company Prysmian Group has fitted two of its new cable-laying vessels (CLVs) Monna Lisa and Marco Polo with wave monitoring technology from Miros. According to Miros, by integrating the WaveSystem and Miros Cloud technology, the vessels will benefit from improved situational awarenes

about 1 year ago
K Line’s unit secures green loan for electric tugboat
Business & Finance

K Line’s unit secures green loan for electric tugboat

Daito Corporation, a subsidiary of Japanese shipping company K Line, has secured a green loan to finance the construction of an electric tugboat ordered in November 2024.

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

Oil & gas drilling adds another hydrocarbon find to Petrobras’ Brazilian arsenal

Petrobras has made a new hydrocarbon discovery at an exploration well in the pre-salt Campos Basin off the coast of Brazil, South America.

about 1 year ago
Aramco completes acquisition of 50% stake in Air Products Qudra’s hydrogen business
Business & Finance

Aramco completes acquisition of 50% stake in Air Products Qudra’s hydrogen business

Aramco has completed the acquisition of a 50% equity interest in Blue Hydrogen Industrial Gases Company (BHIG), a subsidiary of Air Products Qudra (APQ).

about 1 year ago
Safe Scandinavia; Source: Prosafe
Business & Finance

Prosafe gives 1984-built vessel marching orders for recycling after six-year cold layup

Prosafe is parting ways with a 41-year-old anchor-moored semi-submersible tender support and accommodation vessel, which will leave its fleet later this year to go on a recycling mission.

about 1 year ago
TechnipFMC wins big for third phase of Norway’s third-largest oil field
Business & Finance

TechnipFMC wins big for third phase of Norway’s third-largest oil field

TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract with Norwegian state-owned energy giant Equinor for the third phase of what is said to be the third largest oil field on the Norwegian Continental Shelf (NCS). As part of the contract defin

about 1 year ago
Belait CSS1 flotel; Source: Nortrans
Business & Finance

Saipem selects flotel for work on giant Australian gas project

Nortrans has secured a new assignment, enabling it to enrich its fleet with a maintenance and support unit (MSU). This flotel will support Italy’s Saipem on its work at a subsea gas compression development off the coast of Western Australia, which is operated by Chevron, a U.S.-headquartered oil maj

about 1 year ago
Cedar LNG artist's rendering - View looking south from above Douglas Channel towards the proposed facility and docked LNG carrier; Source: Cedar LNG
Business & Finance

Canada throws its weight behind $4 billion hydro-powered floating LNG project

The Canadian government has handpicked Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure player Pembina Pipeline Corporation, to be on the receiving end of millions in support for a floating liquefied natural gas (LNG) (FLNG) facility.

about 1 year ago
Stena Carron drillship; Source; Stena Drilling
Business & Finance

Second Stena Drilling rig sports DNV’s drillship notation for emissions abatement

Stena Drilling has welcomed the award of an Abate (P) notation, which DNV has now bestowed upon another one of its drillships following the rig owner’s addition of multiple technical and operational measures for the rig to cut its fuel consumption and greenhouse gas (GHG) emissions.

about 1 year ago