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Business & Finance

Idle vessel from Shearwater’s fleet finds new owner

As part of its fleet optimization journey, Norway’s Shearwater GeoServices is selling a 14-year-old vessel that has been in lay-up since 2021 to be converted into a dedicated source vessel. Through one of its wholly owned subsidiaries, Shearwater Geoservices has entered into an agreement with an und

about 6 months ago

Business & Finance

French firm gets more work with Samsung Heavy Industries for LNG vessel pair

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French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for a liquefied natural gas (LNG) carrier (LNGC) duo with South Korea’s Samsung Heavy Industries.

about 6 months ago

Business & Finance

EU’s 20th sanctions batch tightens grip on Russia’s oil, gas, LNG and shadow fleet spheres with 632 vessels blacklisted

As the European Union (EU) continues to take steps to constrain Russia’s revenue streams and energy export capacity to bring the Ukraine crisis to an end, it has rubber-stamped a new raft of sanctions against the country, expanding its crackdown on the Russian energy industry and widening the net ar

about 6 months ago

Business & Finance

Dutch wave energy converter for ‘very small sea states’ begins testing

The Hague-based Wave Energy Collective (Weco) has teamed up with Rijkswaterstaat, part of the Dutch Ministry of Infrastructure and Water Management, to test its wave energy converter (WEC) capable of generating power even in very small sea states. Weco reported today, April 23, that it had been deve

about 6 months ago

Business & Finance

MacGregor equipment ordered for ultra-large Türkiye-built CLVs

MacGregor’s package of offshore and merchant deck machinery has been ordered for ultra-large cable-laying vessels (CLVs) to be constructed in Türkiye. The specialized package will include offshore deck machinery tailored specifically for cable-laying activities and merchant deck machinery, high-perf

about 6 months ago

Business & Finance

Bourbon’s fleet stronger for 13 vessels

French maritime services player Bourbon has strengthened its fleet with 13 new offshore support vessels since the start of 2026, representing a value of over $180 million, with 10 of them already under contract. Bourbon has acquired six diesel-electric vessels from the Minsheng Group, five platform

about 6 months ago

Business & Finance

Norway: Dry well in license awarded in 1985

Norway’s state-owned energy firm Equinor and its partners have drilled a dry well off Norway in the North Sea, in a production license awarded in August 1985. Following the drilling permit awarded in January, the wildcat well 34/8-A-37 H was drilled in production licence 120, 140 kilometers west of

about 6 months ago

Business & Finance

UK’s Portland Port approved for LNG ship-to-ship transfers

Portland Port in the UK has received full approval to carry out liquefied natural gas (LNG) ship-to-ship (STS) transfers, adding to its existing oil and liquified petroleum gas (LPG) transfer services. At the port based in South Dorset, STS operations can be performed alongside one of the berths or

about 6 months ago

Business & Finance

DOF’s subsea vessel completes ‘major’ makeover at VARD

Norway’s VARD has completed upgrades of DOF Group’s 2018-built subsea vessel Skandi Minder to strengthen its capabilities and extend service life. The repair and conversion described as “major” were performed at Vard Langsten and included a remotely operated vehicle (ROV)/LARS upgrade with installat

about 6 months ago

Business & Finance

BP executive becomes OMV’s first female CEO

Austria-headquartered oil & gas player OMV has appointed BP executive Emma Delaney as its first female chief executive officer (CEO), succeeding Alfred Stern. Delaney has been appointed by OMV‘s Supervisory Board as the Chairwoman of the Executive Board and CEO as of September 1, and will assume the

about 6 months ago

Business & Finance

Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping

UK-based classification society Lloyd’s Register and South Korea’s Pusan National University (PNU) have signed a memorandum of understanding (MoU) to establish the first-ever global certification framework for liquid hydrogen shipping. The framework aims to create the first internationally recognize

about 6 months ago

North Sea topside decom ops; Source: Mammoet

Business & Finance

North Sea topside decom ops benefit from integrated load-ins

Netherlands-based heavy lifting and transport provider Mammoet has streamlined two topside decommissioning projects in the North Sea by employing combined planning to curb costs and delivery time.

about 6 months ago

Business & Finance

OKEA sheds its stake in Norwegian gas/condensate discovery

Norway’s oil and gas company OKEA has struck a deal with Japex Norge, a Norwegian subsidiary of Japan Petroleum Exploration (JAPEX), to divest its interest in an offshore gas/condensate discovery on the Norwegian Continental Shelf (NCS).

about 6 months ago

Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling

Business & Finance

Probe underway as rig ops come to a standstill after blowout preventer drop

Scotland-headquartered offshore drilling contractor Odfjell Drilling has reported an equipment-handling incident on a 17-year-old semi-submersible, which halted rig activity pending repairs.

about 6 months ago