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Business & Finance

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FLNG Tango; Source: Exmar
Business & Finance

With FLNG production levels off the charts, previous owner awaits its bonus

Exmar has revealed that an FLNG it sold to Eni has surpassed production expectations and guaranteed levels while working on the Italian player’s LNG project off the coast of Congo, Africa.

about 1 year ago
Under $57.4M contract, Indian firm takes its diving support vessel to Middle East
Business & Finance

Under $57.4M contract, Indian firm sends its diving support vessel to Middle East

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India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam

about 1 year ago
FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Australian firm in talks with Altera & Ocyan to buy Brazilian FPSO

Australia’s Karoon Energy has engaged in negotiations to take possession of a floating production, storage, and offloading (FPSO) vessel working on its project off the coast of Brazil with the FPSO’s current owner and operator, Altera & Ocyan (A&O).

about 1 year ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Business & Finance

NOC raising funds to cover its share of costs for TotalEnergies-led $12.2B oil project off Suriname

Staatsolie is taking action to secure the money required to cover its part of the development costs for the first-ever offshore oil field in Suriname, which is operated by TotalEnergies.

about 1 year ago
Two new subsea contracts lift DOF's Asia-Pacific backlog to over $30 million
Business & Finance

Two new subsea contracts lift DOF’s Asia-Pacific backlog to over $30 million

Norwegian vessel owner DOF Group has received more work in the Asia-Pacific (APAC) region set to be performed this year, adding to a number of recently announced awards. The diving support vessel (DSV) Skandi Singapore will execute the first subsea service contract with related saturation diving ser

about 1 year ago
Leucipa offshore rig connection; Source: Baker Hughes
Business & Finance

Baker Hughes’ automated solution makes its first foray into Sub-Saharan Africa to optimize oil & gas production

Baker Hughes has received a new order to deploy its integrated digital production optimization solution for offshore operations in Nigeria, which marks the first adoption of its system in Sub-Saharan Africa.

about 1 year ago
Alfa Laval
Business & Finance

Alfa Laval acquires NRG Marine to tap potential of ultrasonic anti-fouling tech

Swedish marine technology company Alfa Laval has signed an agreement to acquire NRG Marine, the UK-based provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications.

about 1 year ago
NAGA 8 rig; Source: Velesto
Business & Finance

Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era

Technological advancement, supportive policy regulations, and integration of greener and cleaner power innovations are a bedrock of an equitable energy transition age for Malaysia’s Velesto Energy, which has set its cap on growth and expansion by dipping its toes into robotics and eyeing potential d

21 minutes read
Hapag-Lloyd
Business & Finance

Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships

German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the company booked in October 2024 at two Chinese shipyards. As explained, the green financing comprises four elements. The German container shipping

about 1 year ago
Pacific Scirocco drillship; Source: Noble
Business & Finance

Noble pulling cold-stacked drillship duo from drilling duty for good

Noble Corporation has outlined plans to permanently put out of drilling work two cold-stacked drillships, as part of its cost and fleet optimization quest.

about 1 year ago
Shell's FPSO Penguins; Source: Sevan
Business & Finance

Shell’s new North Sea FPSO brings UK’s oil & gas field back online

Shell has put into operation mode its first new FPSO in the North Sea after more than two decades have gone by since its previous one.

about 1 year ago
LNG carrier (for illustration purposes); Source: GTT
Business & Finance

Samsung Heavy Industries gives tank design job to French firm for new LNG vessel

Gaztransport & Technigaz (GTT) has expanded its workload with a new tank design assignment for a liquefied natural gas (LNG) carrier, thanks to a deal with South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
Projects exploring ammonia bunkering in Norway receive Enova funding boost
Business & Finance

Projects exploring ammonia bunkering in Norway receive Enova funding boost

Norwegian government enterprise Enova has picked 15 projects investigating investments in ammonia bunkering facilities along the Norwegian coast to receive pre-project support.

about 1 year ago
Morlais demonstration zone (Courtesy of Welsh government)
Business & Finance

Wales backs Morlais tidal energy project with almost $10M

The Welsh Government has invested £8 million (around $9,9 million) as an equity stake in the Morlais tidal energy project, set to be the largest tidal scheme in Europe, to support its expansion and strengthen grid connections. Menter Môn, the social enterprise behind Morlais, is developing the site

about 1 year ago