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Business & Finance

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Transocean Norge; Source: Transocean
Business & Finance

Two oil & gas firms strike trade-off deal ahead of drilling ops

OKEA and DNO have made arrangements to exchange partial stakes in two prospects off the coast of Norway, which are slated to be drilled with Odfjell Drilling and Transocean semi-submersible rigs.

about 1 year ago
$900M contract win lands on Saipem's desk for Shell's project in Nigeria
Business & Finance

$900M contract win lands on Saipem’s desk for Shell’s project in Nigeria

Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off the coast of Nigeria. As part of the contract with Shell Nigeria Exploration and Production Company Limited (SNEPCo), Saipem will deliver t

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about 1 year ago
Allseas begins prep work for Australia's 'largest-ever' offshore decommissioning job
Business & Finance

Allseas begins prep work for Australia’s ‘largest-ever’ offshore decommissioning job

Allseas has begun the planning and preparation for what it says is the largest-ever offshore decommissioning assignment in Australia, encompassing the removal of up to 12 retired platforms. Allseas has been appointed by Esso Australia, a subsidiary of ExxonMobil Australia, to remove 12 topsides and

about 1 year ago
Main Pass I jack-up rig; Source: Shelf Drilling
Business & Finance

After rig suspension, Shelf Drilling releases 42-year-old jack-up from active duty

Shelf Drilling has decided to remove its 1982-built jack-up rig from active service, following a recent suspension of operations in the Middle East.

about 1 year ago
EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus
Business & Finance

EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus

The European Commission has approved, under EU State aid rules, a €3 billion German-Dutch scheme to support the production of renewable fuels of non-biological origin (RFNBOs), including renewable hydrogen, throughout the world.

about 1 year ago
SAIC
Business & Finance

COSCO, SIPG take a 20% stake in Chinese logistics player SAIC Anji

Chinese state-owned transportation service conglomerate COSCO SHIPPING Group and terminal operator Shanghai International Port Group (SIPG) have invested in SAIC Anji Logistics, a logistics unit owned by Shanghai-based SAIC Motor Corp, each obtaining 10% of the company’s shares.

about 1 year ago
DeepOcean stays alone in contract with Equinor as TechnipFMC opts out
Business & Finance

DeepOcean stays alone in contract with Equinor as TechnipFMC opts out

Norwegian ocean services provider DeepOcean is taking 100% ownership of the pipeline repair and subsea intervention (PRSI) Pool Services contract with Equinor, formerly operated in a joint venture (JV) with TechnipFMC. To remind, Equinor has operational responsibility for what is said to be the worl

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

Noble drillship gets multi-well drilling job in Africa

Noble Corporation has landed a new drilling campaign in western Africa, which one of its drillships will carry out off the coast of Ghana.

about 1 year ago
Contract with 'prominent' oil & gas company takes US subsea firm to West Africa
Business & Finance

Contract with ‘prominent’ oil & gas company takes US subsea firm to West Africa

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, is set to deliver subsea distribution manifolds to what it says is a prominent oil and gas company, for a project in West Africa. The scope of work includes engineering, procurement, fabrication,

about 1 year ago
FPSO Okha; Source: Woodside
Business & Finance

Woodside and Chevron swap oil & gas and CCS assets offshore Australia

Woodside and Chevron have set an asset swap deal in motion to consolidate their interest in core areas of operations and focus on strategic oil, gas, liquified natural gas (LNG), and carbon capture and storage (CCS) assets each operates in Western Australia.

about 1 year ago
Helix Q7000 light well intervention rig; Source: Helix Energy Solutions
Business & Finance

Helix vessel getting ready for Brazilian decom job with Shell at Namibia’s port

Helix Energy Solutions has confirmed the arrival of its purpose-built DP3 semi-submersible vessel to Namibia’s Port of Walvis Bay to prepare for its decommissioning assignment off the coast of Brazil.

about 1 year ago
Mocean Energy’s Blue X wave energy device under sea trials (Courtesy of Mocean energy/Photo by Colin Keldie)
Business & Finance

Mocean Energy lands £1.2M grant and almost £200K for further commercial work

Scottish wave energy company Mocean Energy has secured £140,000 (around $178,000) of further commercial work and a £1.2 million (around $1.5 million) grant from Wave Energy Scotland (WES) to further develop a novel direct drive generator for wave energy technology. According to Mocean Energy, the fu

about 1 year ago
With 'outstanding' financial results in 2023, Prysmian upgrades its decarbonization strategy
Business & Finance

Prysmian inks €700 million framework agreement for offshore links in France

Italy’s Prysmian has signed a framework agreement with the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE) to provide submarine power cable links that will connect two offshore wind farms to the French transmission grid. Under the contract, Prysmian will be responsi

about 1 year ago
Gimi alongside Gandria at Seatrium, former Keppel, shipyard; Source: Golar LNG
Business & Finance

Vessel sale causes Singapore giant to lose out on floating LNG conversion gig

As Golar LNG has made a move to sell a 47-year-old LNG carrier, Singapore’s Seatrium will not be able to carry out a previously agreed floating LNG (FLNG) conversion assignment.

about 1 year ago