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Business & Finance

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Van Oord fallpipe vessel powered by biofuel makes 26% emission cut
Business & Finance

Van Oord fallpipe vessel powered by biofuel cuts emissions by 26%

The Netherlands-headquartered Van Oord has taken a step seen as a milestone in its decarbonization efforts with the first delivery of biofuel for its 2011-built flexible fallpipe vessel. The biofuel delivered for the Stornes flexible fallpipe vessel in Norway is a B30 blend, consisting of 30% hydrot

about 2 years ago
An offshore rig and two boats
Business & Finance

One condition down, several more to go for Trinity’s acquisition by Trinidadian player

After accepting a cash offer from Trinidad-headquartered Lease Operators, UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, is moving forward with the proposed merger.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Business & Finance

Subsea7 secures multi-million contract in US Gulf of Mexico

Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.

about 2 years ago
Jiangnan Shipbuilding bags new order for 93,000 cbm ammonia carriers
Business & Finance

Jiangnan Shipbuilding bags new order for 93,000 cbm ammonia carriers

Jiangnan Shipbuilding has secured a new contract for the construction of up to four 93,000 cbm very large ammonia carriers (VLACs).

about 2 years ago
UK firm plans recruitment drive following contract with Subsea7
Business & Finance

UK firm plans recruitment drive following contract with Subsea7

UK energy sector construction, maintenance & enhancement solutions player Global Energy Group is set to soon launch a recruitment drive to cover key fabrication operations at one of its facilities, following a new contract with Subsea7. Global Energy Group has been awarded another contract from Subs

about 2 years ago
Funding granted for offshore low-carbon hydrogen production project in Wales
Business & Finance

Funding granted for offshore low-carbon hydrogen production project in Wales

Dolphyn Hydrogen, Celtic Sea Power, ORE Catapult and Wales and West Utilities have secured funding to deliver the Milford Haven: Hydrogen Kingdom (MH:HK) project.

about 2 years ago
BW LPG
Business & Finance

BW LPG acquires dual-fuel and scrubber-fitted VLGCs from Avance Gas in $1 billion move

BW LPG has signed agreements to acquire 12 very large gas carriers (VLGCs), four of which are dual fuel, from Avance Gas.

about 2 years ago
Large vessel surrounded by two tugboats with two other large vessels docked in the background
Business & Finance

Piecing North Sea platform’s topsides together on Aker BP’s agenda for autumn

The first steel structures for the topside that will be used to bring Aker BP’s new gas production platform bound for installation on the Norwegian Continental Shelf (NCS) to life have started their journey from Aibel’s Thailand shipyard.

about 2 years ago
Shell seeks to increase volume capacity at deepwater field thanks to water injection
Business & Finance

Shell to increase volume capacity at deepwater field thanks to water injection

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has taken the final investment decision (FID) on a waterflood project at its U.S. Gulf of Mexico asset, which will enable water to be injected into the reservoir formation to displace additional oil. The Vito field, discovered

about 2 years ago
Gulf of Thailand field produces first oil
Business & Finance

Gulf of Thailand development starts producing oil

Canada-based oil and gas company Valeura Energy has achieved the first oil production from a development located off the coast of Thailand, said to be a result of an efficient drilling program that was carried out below budget. The first three of the seven development wells at the Nong Yao C develop

about 2 years ago
Red, white and yellow vessel at the sea.
Business & Finance

DOF wins new long-term contract with Petrobras

Norwegian vessel owner DOF Group has secured a new long-term contract with Brazilian oil and gas giant, Petrobras, for its pipelay support vessel (PLSV), as well as an extension of the contract for the PLSV Skandi Açu.

about 2 years ago
Ship Financing Portal
Business & Finance

EU rolls out Ship Financing Portal to support shipping’s green transition

European Commission recently unveiled the Ship Financing Portal which provides businesses and organizations with a repository of available financial tools needed to drive fleet renewal and retrofitting, enhance efficiency, and reduce environmental impact.

about 2 years ago
Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling
Business & Finance

Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling

Singapore’s Seatrium has delivered the fourth out of five jack-up rigs to UK-headquartered offshore drilling contractor Borr Drilling, a year ahead of the planned delivery date. Completed and delivered on an accelerated schedule, the rig named Vali is of KFELS Super B Class, capable of operating in

about 2 years ago
FPSO Maria Quitéria; Source: Yinson Production
Business & Finance

FPSO’s miles-long journey ends in Brazilian waters as it reaches Petrobras’ giant pre-salt field

Petrobras has expanded its floating production, storage, and offloading (FPSO) fleet off the coast of Brazil with the arrival of a new unit.

about 2 years ago
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