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Business & Finance

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founder and CEO of WaveX, Simon Renwick
Business & Finance

Australian renewables firm secures AU$2.4M in govt funding for wave energy development

The Australian Government has awarded AU$2.4 million (around $1.6M) to renewable energy business WaveX to drive its wave energy technology, as a part of a broader AU$55 million fund aimed at driving innovation across key sectors in Australia. The funding was unveiled by Minister for Industry and Sci

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

More oil to flow offshore Gabon as Borr Drilling’s rig gears up for workover ops before spudding another prospect in 2025

BW Energy has brought online another well on its list at an oil field in the Dussafu license off the coast of Gabon, Africa.

about 2 years ago
After US offshore wind, 2000-built vessel wraps up geotechnical program off Türkiye
Business & Finance

After US offshore wind, 2000-built vessel wraps up geotechnical program off Türkiye

U.S.-headquartered TDI-Brooks has completed another geotechnical program offshore Türkiye, its fifth such investigation for Istanbul-headquartered DenAr Ocean Engineering Services. Research vessel Nautilus, formerly known as Nautical Geo, was sent to the Black Sea site, offshore Filyos, from the U.S

about 2 years ago
A large vessel at sea
Business & Finance

Vitol inks LNG swap deal with China Gas

China Gas Hongda Energy Trading, a subsidiary of Chinese piped-gas operator China Gas, and energy and commodities company Vitol have signed a long-term liquefied natural gas (LNG) swap agreement.

about 2 years ago
Illustration; Source: CNOOC
Business & Finance

Chinese giant brings another oil development project online in South China Sea

China’s CNOOC has started production from an oilfield development project in the South China Sea ahead of schedule.

about 2 years ago
PSV design by MMC Ship & Design; Courtesy of Kongsberg Maritime
Business & Finance

Multimillion-dollar award puts Kongsberg in charge of equipping newbuild 10-vessel oil & gas fleet

Kongsberg Maritime has been tasked to provide a wide range of equipment for a new fleet of ten platform supply vessels (PSVs), which are being built by a Chinese shipbuilder for Greece’s vessel owner Capital Offshore Management Corp.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Initial drilling indications seen as ‘encouraging’ at Shell’s high-impact North Sea gas prospect

While the preliminary findings indicate the presence of gas, Shell is continuing activities at its high-impact gas prospect in the UK sector of the North Sea, thus, more information will be available following a comprehensive review.

about 2 years ago
Steel cutting ceremony for new CSV occurred at Sefine Shipyard in Türkiye; Source: Agalas
Business & Finance

WATCH: ‘World’s most eco-friendly’ subsea and offshore wind vessel takes first construction steps

Eidesvik Offshore and its partner, Agalas, have begun to build a methanol-powered hybrid construction support vessel (CSV) for offshore wind and subsea operations.

about 2 years ago
Courtesy of Subsea7
Business & Finance

BP’s deal enabling Subsea7 and SLB-led OneSubsea to devise ‘fit-for-project’ solutions

BP has penned a global frame agreement with Subsea Integration Alliance, a strategic alliance between SLB’s OneSubsea and Subsea7.

about 2 years ago
FPSO Marlin Natuna; Source: PaxOcean
Business & Finance

Asian country’s first tanker-to-FPSO conversion to uplift oil & gas production and energy security

PaxOcean has completed the repurposing of a tanker into a floating production, storage, and offloading (FPSO) vessel, which is expected to assist in increasing oil and gas production off the coast of Indonesia.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

With repairs done ahead of schedule, missing piece of TotalEnergies’ Tyra II puzzle back at huge North Sea asset

TotalEnergies has fixed an equipment issue that came up a few months ago at its natural gas redevelopment project in the Danish sector of the North Sea, which derailed its schedule for boosting output to full technical capacity.

about 2 years ago
CRC Evans has completed an assignment for Westfield at two fields operated by FIRST E&P offshore Nigeria; Source: Westfield
Business & Finance

UK firm wraps up assignment at Nigerian offshore fields and gets similar one in India

CRC Evans has finished its welding services campaign at two fields off the coast of Nigeria for Lagos-based Westfield Energy Resources and won another deal with the same company in India.

about 2 years ago
Woodside and Keppel move forward with liquid hydrogen supply deal
Business & Finance

Woodside and Keppel move forward with liquid hydrogen supply deal

Woodside and Keppel have signed a conditional offtake term sheet for the supply and purchase of liquid hydrogen aimed at powering Keppel’s data centers in Singapore.

about 2 years ago
A large vessel at sea with several smaller ones on one side
Business & Finance

With 75 already done, Eni’s Coral Sul FLNG now sends out one weekly LNG shipment

The Chief Executive Officer (CEO) of Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos (ENH) has paid a visit to the floating liquefied natural gas (FLNG) unit offshore Mozambique, operated by Italian oil and gas major Eni. This unit currently produces enough for a weekly shipment of LNG

about 2 years ago
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