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Business & Finance

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Remotely operated vehicle (ROV) (for illustration purposes); Source: DeepOcean
Business & Finance

Fresh subsea gig offers ‘large’ operator option to keep DeepOcean busy in UK for up to a decade

DeepOcean has won a new multi-year subsea assignment off the coast of the UK with an undisclosed operator on the UK Continental Shelf (UKCS).

about 2 years ago
FSRU (for illustration purposes); Source: Excelerate Energy
Business & Finance

US giant looking into FSRU-based tech opportunities to step up LNG imports game in Southeast Asian country

Excelerate Energy has joined forces with PetroVietnam Technical Services Corporation (PTSC), a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), to explore FSRU-based technical solutions for LNG imports into Vietnam.

about 2 years ago
UK-based Beam has revealed an AI-driven autonomous underwater vehicle (AUV) it describes as a major milestone in underwater robotics and a world first; Courtesy of Beam
Business & Finance

‘World’s first’ AI-powered autonomous subsea vehicle changing underwater inspection and survey game (Video)

UK-headquartered tech player Beam has tucked a milestone in marine technology and underwater robotics under its belt with the development and deployment of a new innovative technology offering, said to be the world’s first autonomous underwater vehicle driven by artificial intelligence (AI).

about 2 years ago
JDR service centre in Macaé, Brazil; Source: JDR Cable Systems
Business & Finance

JDR hangs out its shingle in Brazil as plans for tripling clean power drive subsea work upsurge

JDR Cable Systems, part of TFK Group, has set up its new shop in Brazil as part of its strategic expansion in pursuit of further growth opportunities in light of the South American country’s ambition to triple clean energy capacity by 2030, which puts the rise in offshore wind projects in the spotli

about 2 years ago
A drillship at sea
Business & Finance

Repsol upping its stake in Mexico’s deepwater field after buying Thai player’s share

Repsol Exploración México, an affiliate of Spain’s energy giant Repsol, has inked a sale and purchase agreement (SPA) with the Mexican subsidiary of Thailand’s national oil and gas company PTT Exploration and Production (PTTEP), Mexico PTT Exploration and Production, to buy the latter’s portion in a

about 2 years ago
Installation of the PLEM at Wilhelmshaven 2 LNG Terminal; Source: Geocean
Business & Finance

WATCH: In the run-up to commercial ops, French firm finishes subsea installation work at Germany’s LNG terminal with single lift

Geocean has hit a new milestone with the subsea installation of the first pipeline end manifold (PLEM) in a single lift at Germany’s second LNG terminal in Wilhelmshaven.

about 2 years ago
PowerCell
Business & Finance

PowerCell bags $16 million fuel cell systems order

Swedish hydrogen fuel cell provider PowerCell has signed what is said to be one of the world’s largest orders of marine fuel cell systems to date with a ‘leading’ Italian marine OEM manufacturer. As disclosed, the three-part order value is approximately SEK 165 million (around $16 million) and consi

about 2 years ago
2013-built CSV Rem Inspector; Source: Rem Offshore
Business & Finance

Retrofit powering up Norwegian shipowner’s construction support vessel with battery storage for greener subsea ops

Rem Offshore has tapped a compatriot energy design and smart control systems firm, Norwegian Electric Systems (NES), a subsidiary of HAV Group, to furnish one of its construction support vessels (CSVs) with a deck-based battery energy storage system (ESS).

about 2 years ago
An offshore platform being approached by a small vessel
Business & Finance

New assignments on Prosafe vessel pair’s 2025 agenda

Two vessels of Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe are set to start new jobs next year.

about 2 years ago
A concept illustration of a vessel
Business & Finance

Strategic Marine teams up with French firm to build fast crew boat for Malaysian player

Singapore-based shipbuilder Strategic Marine has been selected by Malaysia’s offshore services provider Centus Marine to construct new high-speed personnel transfer vessels that will be designed by France’s AIRCAT Vessels.

about 2 years ago
The transportation and launching of the living quarter and utility platform (LQUP) jacket from Malaysia, to ONGC deepwater oil and gas field in India which Boa Offshore carried out for McDermott; Sour
Business & Finance

Owner of 40-strong fleet wraps up oil & gas platform jacket job for McDermott in India and jack-up rig lift-off ops at Norwegian yard

Boa Offshore has tucked two milestones under its belt by completing its assignments in India and Norway.

about 2 years ago
Yme Inspirer rig; Source: Repsol Norge
Business & Finance

Rex’s Lime splashes millions on OKEA’s stake in Repsol’s North Sea oil field

Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, is expanding its interest in an oil field operated by Repsol Norge, a subsidiary of Spain’s Repsol, in the North Sea off the coast of Norway.

about 2 years ago
Bideford Dolphin semi-submersible rig; Source: Dolphin Drilling
Business & Finance

Fatal rig dismantling incident throws health, safety, and environmental perils at recycling yards into stark relief

A tragic accident recently claimed the life of one worker and put nine more directly in the path of danger due to gas exposure at a shipyard, where a 1975-built semi-submersible drilling rig was being taken apart for recycling purposes.

about 2 years ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business & Finance

US-backed program opens doors to new technical support applications for marine energy testing and development projects

The Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the U.S. Department of Energy (DOE) and directed by the Pacific Ocean Energy Trust (POET), has launched a new application period for the submission of the 14th batch of requests for technical support (RFTS). A

about 2 years ago
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