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Business & Finance

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ExxonMobil's FPSO Liza Unity operates offshore Guyana; Source: SBM Offshore
Business & Finance

ExxonMobil’s seventh oil project off Guyana takes step forward with EIA submission

ExxonMobil has handed over its environmental impact assessment (EIA) for the development of its seventh oil project in the Stabroek block off the coast of Guyana.

about 1 year ago
BAR Technologies and CMET team up to produce 20-24m WindWings
Business & Finance

BAR Technologies and CMET team up to produce 20-24m WindWings

UK-based wind propulsion specialist BAR Technologies has entered into a collaboration agreement with China’s CM Energy Tech (CMET) to begin production of its new 20- and 24-meter WindWings.

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about 1 year ago
Rendering of Commonwealth LNG; Source: Commonwealth LNG
Business & Finance

Louisiana’s LNG terminal becomes first export project to get US blessing after freeze

Kimmeridge has secured a green light for its proposed 9.5 million tons per annum (mtpa) liquefied natural gas (LNG) export terminal project on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico/America near Cameron Parish, Louisiana.

about 1 year ago
Crown LNG plans to utilize gravity-based structures for LNG regasification and liquefaction facilities; Source: Crown LNG
Business & Finance

Crown LNG expanding gas market horizons across India thanks to deal with local trading player

Crown LNG has joined forces with India Gas Exchange (IGX) to work together on LNG sales to pipeline customers downstream from the firm’s planned LNG import terminal in Kakinada, India.

about 1 year ago
Steel cut for Rem Offshore's second methanol-ready energy subsea construction vessel (Video)
Business & Finance

Steel cut for Rem Offshore’s second methanol-ready energy subsea construction vessel (Video)

Norwegian shipping company Rem Offshore has held the steel cutting ceremony for its second energy subsea construction vessel (ESCV) being constructed in Vietnam. Two and a half months after entering the contract with compatriot Myklebust Verft, Rem Offshore announced it had celebrated the steel cutt

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

One well down as Noble drillship moves to drill next prospect offshore Namibia

A 2014-built drillship, owned by the U.S.-headquartered offshore drilling giant Noble Corporation, has wrapped up its work on the first exploration well in Rhino Resources’ multi-well campaign in the Orange Basin off the coast of Namibia and began activities at the next prospect on its drilling list

about 1 year ago
Impact Subsea and Ashtead Technology take their relationship to Singapore
Business & Finance

Impact Subsea and Ashtead Technology take their relationship to Singapore

Provider of underwater sensor solutions Impact Subsea has signed a distributor agreement with Ashtead Technology Singapore to broaden access to its sensor technology for remotely operated vehicle (ROV) and autonomous underwater vehicle (AUV) applications in the region. Through the agreement, which b

about 1 year ago
Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

TotalEnergies and Eni sign on dotted line for Cyprus gas exports through Egypt

TotalEnergies and Eni have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt.

about 1 year ago
One of the world's largest pipelay vessels to receive an upgrade
Business & Finance

Allseas’ large 27-year-old pipelayer to be upgraded

Allseas is making moves to enhance the capabilities of its 27-year-old, 397-meter-long vessel Solitaire, described as one of the world’s most advanced and largest pipelay vessels. Allseas has awarded a contract for the double joint factory (DJF) upgrade to Goriziane under which the Italian family-ow

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

Prosafe months away from saying goodbye to 2005-built vessel

Prosafe has taken steps to sell one of its accommodation, safety, and support semi-submersible vessels to an undisclosed buyer.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

North Sea FPSO production restart on the cards next month following storm-induced damage

Serica Energy has confirmed the new timeline for the resumption of production at its assets in the North Sea, which are tied back to an existing floating production, storage, and offloading (FPSO) vessel, operated by Dana Petroleum, on the UK Continental Shelf (UKCS).

about 1 year ago
Strohm targets simpler workflows with launch of TCP design tool
Business & Finance

Strohm targets simpler workflows with launch of TCP design tool

Dutch thermoplastic composite pipes (TCP) producer Strohm has launched a web-based tool that allows companies to design and engineer TCPs for their projects. According to Strohm, TCP Designer streamlines pipe design assessments during the front-end engineering design (FEED) stage of projects, enabli

about 1 year ago
Ocean Apex rig; Source: Noble
Business & Finance

Noble rig quartet’s drilling gigs contribute to total backlog of $5.8 billion

Noble Corporation has won drilling assignments with Tullow in Ghana, Petronas in Suriname, Shell in the Americas, an undisclosed firm in the U.S. Gulf, and Chevron in Australia for four floaters.

about 1 year ago
Econowind bags €1M to scale up wind propulsion for deep-sea shipping
Business & Finance

Econowind bags €1M to scale up wind propulsion for deep-sea shipping

Econowind has received €1 million in development capital from Invest International to develop and test its steel wind sail for the deep-sea shipping market.

about 1 year ago