Business & Finance
Oman LNG strikes 4-year supply deal with Germany’s SEFE
Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne
Fugro delivers first-ever remotely operated subsea inspection in the Middle East
Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in
Portsmouth Port powers up with solar
Portsmouth International Port has completed the installation of its new solar and battery system which is now fully operational. The system is comprised of 2,660 solar panels, providing an impressive 35% of the site’s electricity, enabling the port to move one step closer to becoming one of the UK’s
Equinor gearing up to drill North Sea prospect with Transocean rig
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Denmark postpones second tender for offshore CO2 storage licenses
The Danish Energy Agency has postponed the second tender round for the award of offshore CO2 storage licenses in the North Sea. The tender was set to open on 15 August according to the executive order on CO2 storage license tenders. In line with the Agreement on the framework for CO2 storage in Denm
QED Naval eyes tidal resources on UK South Coast with new base
Scottish marine energy company QED Naval has established an operations base on the UK’s South Coast with the aim of pursuing tidal resources in the area. QED, as part of its EU Interreg Tiger Project, established an operations base at Langstone Harbour, near Portsmouth, to tap into what it says are
Another patent in for Argeo
Argeo Robotics has secured a new patent from the Norwegian Industrial Patent Office (Patentstyret), this time for a subsea electromagnetic remote-sensing system for detecting buried objects below the seafloor. The patent protects Argeo’s exclusive services with the Argeo Whisper system for detecting
Stolt-Nielsen names new CEO
After 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO of Stolt-Nielsen, a Norwegian company specializing in chemical and bulk liquid transportation and storage, on September 1, 2023. He will be succeeded as CEO by Udo Lange and will assume the role of
Transocean tasked with tackling nonconformities regarding blowout preventers
Norwegian offshore safety regulator has carried out an audit of Transocean Services and its processes for following up certification and recertification of drilling blowout preventers (BOPs) with control functions.
Op-ed: Harnessing the power of the seas – an expert opinion on the future of marine energy in Wales
Professor Ron Loveland, Energy Advisor to the Welsh government, has shared his expert opinion on the future of marine energy sector in Wales.
75-meter research vessel joins TDI Brooks’ fleet
TDI-Brooks has added a new 75-meter-long research vessel to its fleet that is set to perform subsea services once it completes a retrofit program. Nautilus, formerly Nautical Geo, offers offshore assistance with subsea services, construction aid, exploration, production, remotely operated vehicle (R
Equinor getting ready for drilling ops with Odfjell rig
Equinor has secured a drilling permit from the country’s authorities for two wells in the Norwegian Sea.
Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?
The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ
Sustainable Marine Energy sinks into administration
The Edinburgh-based tidal energy company Sustainable Marine Energy has been placed into administration, appointing joint administrators of accountancy and business advisory firm Johnston Carmichael to lead the process.