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Business & Finance

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Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig on the move as potentially ‘transformational’ offshore drilling campaign inches closer

ConocoPhillips has received a green light for its environment plan (EP), which sets a timeline for the start-up of its upcoming Otway exploration drilling program (OEDP) in 2025. The exploration campaign will be conducted with a semi-submersible rig owned by Transocean.

about 1 year ago
Siemens Energy grid
Business & Finance

Siemens Energy selects Pfisterer cable systems for German offshore grid connection projects

Siemens Energy has selected the German company Pfisterer for the supply of turnkey cable systems for the BorWin4 and DolWin4 offshore grid connections in the North Sea. Pfisterer is in charge of implementing the entire 66 kV AC cable infrastructure between the gas-insulated switchgear (GIS) transfor

about 1 year ago
LNG Canada
Business & Finance

Shell-led JV preps for ‘critical’ step to enable start-up of Canada’s first LNG export project

LNG Canada, a joint venture company encapsulating Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, is setting the stage to begin operations at its giant liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia.

about 1 year ago
Methanol automation order for Jan De Nul's XL cable-layers goes to Finland
Business & Finance

Methanol automation order for Jan De Nul’s XL cable-layers lands in Finland

Valmet, a Finland-headquartered developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, has received an order for a marine methanol fuel automation control system for two cable-laying vessels (CLV) being built in China for Jan De Nul. The or

about 1 year ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies winding down commissioning ops at giant North Sea gas project

TotalEnergies has made progress in unlocking the full commissioning capacity at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
It’s official: Nel to receive €135 million for industrialization of electrolyzer technology
Business & Finance

It’s official: Nel to receive €135 million for industrialization of electrolyzer technology

Norwegian company Nel has formally signed a €135 million grant agreement with the EU’s Innovation Fund to support the industrialization of its next-generation electrolyzer technology.

about 1 year ago
TDI-Brooks wraps up geotechnical gig at Trinidad and Venezuela’s joint gas project
Business & Finance

TDI-Brooks wraps up geotechnical gig at Trinidad and Venezuela’s joint gas project

U.S.-headquartered TDI-Brooks has completed a third-party geotechnical coring project offshore Trinidad and Tobago for Geohidra, a Venezuelan company. The operation was carried out from the Dragon Field offshore Venezuela to the Shell-operated Hibiscus platform off Trinidad and Tobago’s North Coast,

about 1 year ago
FPS Shenandoah; Source: COSCO Shipping & Guangzhou Salvage Heavy Transport (CSGS)
Business & Finance

America’s deepwater project edging closer to first oil as FPS reaches Gulf Coast

Beacon Offshore Energy is closing in on the first oil from its deepwater project in the Gulf of Mexico/Gulf of America, as a floating production system (FPS) has come to the Gulf Coast of Texas, U.S.

about 1 year ago
Conquest MB1; Source: Marine Masters
Business & Finance

Dutch firm in charge of putting two offshore oil platforms in place by mid-May

Marine Masters has been handpicked to handle the installation works for two offshore wellhead platforms in the Gulf of Kutch for SunPetro, said to be India’s second-largest private oil producer.

about 1 year ago
Ichthys LNG booster compressor module (BCM) lifted and installed onto the Ichthys Explorer central processing facility (CPF); Source: Inpex Australia
Business & Finance

Heerema’s vessel done with Australian installation job to expand gas project’s production lifespan (Gallery)

Inpex has disclosed the end of a miles-long journey, which Heerema Marine Contractors and its heavy lift vessel embarked on to transport a liquefied natural gas (LNG) booster compression module (BCM) from Indonesia to Australia, where it was put in place to up the production ante from a subsea reser

about 1 year ago
Costamare to spin off dry bulk business
Business & Finance

Costamare to spin off dry bulk business

Costamare, owner and provider of containerships and dry bulk vessels for charter, has revealed plans to spin off its dry bulk business.

about 1 year ago
Louis Dreyfus Armateurs
Business & Finance

InfraVia to take 80 pct stake in Louis Dreyfus Armateurs

InfraVia, a France-based private equity company has entered into negotiations with the Louis-Dreyfus family to acquire a majority stake in compatriot maritime firm Louis Dreyfus Armateurs (LDA).

about 1 year ago
ABL settles in Namibia to support local oil & gas and energy transition
Business & Finance

ABL settles in Namibia to support local oil & gas and energy transition

Energy and marine consultancy ABL has expanded its operations to Namibia with the aim of supporting the local oil & gas market, as well as the country’s energy transition. The new entity will provide the company’s full technical service offering in energy and marine consulting, with a focus on marin

about 1 year ago
KfW IPEX
Business & Finance

KfW IPEX finances Carisbrooke’s diesel-electric ships

Germany’s KfW IPEX-Bank has decided to support the fleet renewal program of the British shipping company Carisbrooke Shipping with financing amounting to around €26 million.

about 1 year ago
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