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Business & Finance

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Japanese construction firm buys trencher ROV for local offshore widn market
Business & Finance

Japanese construction firm buys trenching ROV for local offshore wind market

Japanese construction company Toyo Construction has purchased a trenching remotely operated vehicle (ROV) from underwater technology and services company SMD that will be deployed in the Japanese offshore wind sector. The ROV will form part of Toyo’s expanding fleet of assets, as the company had als

about 1 year ago
Rendering of BP's Kaskida offshore platform in the Gulf of Mexico; Source: Exmar Offshore/BP
Business & Finance

BP taps Singapore player for its new Gulf of Mexico-bound floating production unit

Seatrium has been tasked with engineering, procurement, construction, and onshore commissioning (EPC) work for a newbuild floating production unit (FPU), destined for a deepwater project operated by BP in the U.S. Gulf of Mexico.

about 1 year ago
Halliburton to acquire Optime Subsea
Business & Finance

Halliburton to acquire Optime Subsea

U.S.-headquartered oilfield services giant Halliburton is set to purchase Optime Subsea, a Norwegian provider of subsea solutions for the oil & gas industry, following the signature of a definitive agreement. According to Optime Subsea, the acquisition will integrate its umbilical-less technology in

about 1 year ago
Climate Fund Managers acquires 24% stake in Hyphen Hydrogen Energy
Business & Finance

Climate Fund Managers acquires 24% stake in Hyphen Hydrogen Energy

Climate Fund Managers (CFM) has completed the acquisition of a 24% equity stake in Hyphen Hydrogen Energy.

about 1 year ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling emerges as winner in arbitration saga over rig termination deal

Dolphin Drilling has disclosed a positive outcome of arbitration proceedings with Lagos-based General Hydrocarbons Limited (GHL), which has been made in the Norwegian player’s favor.

about 1 year ago
FPSO Cidade de Santos; Source: Enauta
Business & Finance

Petrobras terminates sale of two oil & gas fields offshore Brazil

Brazilian oil and gas player Brava Energia has confirmed its acquisition of oil and gas fields and associated infrastructure off the coast of Brazil cannot be completed with the country’s state-owned energy giant Petrobras, as a precedent condition for the closing of the sale was not satisfied. In D

about 1 year ago
An offshore platform
Business & Finance

Brazil’s Brava Energia to supply two compatriot players with gas

Brazil’s oil and gas player Brava Energia has signed natural gas supply contracts with two Brazilian players.

about 1 year ago
Equinor to charter two electric hybrid newbuilds from Bergen Tankers
Business & Finance

Equinor to charter two electric hybrid newbuilds from Bergen Tankers

Norway-based shipping company Bergen Tankers and compatriot energy giant Equinor have executed a long-term time charter party for two oil/chemical tanker newbuilds with electric hybrid propulsion systems.

about 1 year ago
Jan De Nul, Hellenic Cables sign cable framework deal with French TSO
Business & Finance

Jan De Nul, Hellenic Cables sign cable framework deal with French TSO

Jan De Nul, in partnership with Hellenic Cables, has been awarded a framework agreement from France’s transmission system operator (TSO) Réseau Transport d’Electricité (RTE) to supply and install the export cables for two floating wind farms off the coast of Southern Brittany, totaling 750 MW. Jan D

about 1 year ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor comes up empty in North Sea duo

Equinor has found no hydrocarbons in two wells, which were drilled using one of Odfjell Drilling’s rigs in the North Sea off the coast of Norway.

about 1 year ago
VARD delivers advanced cable layer to Danish subsea specialist
Business & Finance

VARD delivers hybrid cable layer to Danish subsea specialist

Norway’s ship designer and shipbuilder VARD has delivered an advanced cable-laying vessel (CLV) to Denmark’s subsea specialist NCT Offshore, less than two years after the contract was signed. NCT placed the order for the 95-meter-long CLV Freja with VARD in early 2023, with Vard Design in Ålesund, N

about 1 year ago
Pluto LNG Train 2 module; Source: Woodside
Business & Finance

WATCH: Australia’s $12.5B gas project makes inroads as final modules for Pluto LNG’s Train 2 come

Woodside has reached another milestone, which it sees as significant for developing its giant gas project off the coast of Western Australia, thanks to the arrival of the last batch of modules at the Pluto Train 2 construction site in Karratha.

about 1 year ago
UK’s first CO2 injection nears reality as final preparations are underway (Video)
Business & Finance

UK’s first CO2 injection nears reality as final preparations are underway (Video)

Perenco UK and Carbon Catalyst Limited are completing the final preparations for the CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. The partners secured a license to progress the Poseidon CCS pro

about 1 year ago
GT Wings
Business & Finance

GT Wings bags $1.3M in new investment round

UK’s wind propulsion technology provider GT Wings has closed over £1 million (about $1.3 million) in new equity that would enable the company to grow its team and further develop its wingsail solution.

about 1 year ago
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