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Business & Finance

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Viking Energy; Source: Eidesvik Offshore
Business & Finance

Eidesvik’s LNG-powered PSV extends its decades-long run with Norwegian major

Eidesvik Offshore has secured a five-year contract extension with Equinor for one of its platform supply vessels (PSVs).

about 2 years ago
FPSO Liza Unity; Source: SBM Offshore
Business & Finance

Guyana’s dash for gas: ExxonMobil linking up with US firm to unlock untapped potential as govt pushes for speedy development

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ExxonMobil is expected to work side by side with Fulcrum LNG as the Guyanese government continues to push the envelope to ensure gas development will become a top priority.

about 2 years ago
N-Sea buys 30-year-old company to expand its subsea offering
Business & Finance

N-Sea buys 30-year-old company to expand its subsea offering

As part of its ambition to expand its fleet and subsea activities, the Netherlands-headquartered subsea solutions provider N-Sea has concluded the full acquisition of compatriot company Geo Plus. Established in 1994 and based in Groningen, Geo Plus provides survey services and operates a fleet of fi

about 2 years ago
MSC
Business & Finance

MSC unveils further commitments to Port of Hamburg

Swiss Mediterranean Shipping Company (MSC), the world’s largest container shipping company, is continuing investments in the Port of Hamburg — one of the home ports for the company.

about 2 years ago
DOF's fleet to grow to 65 vessels following purchase of Maersk Supply Service in $1.1B deal
Business & Finance

DOF’s fleet to grow to 65 following $1.1B purchase of Maersk Supply Service

Norwegian vessel owner DOF Group has entered into an agreement to acquire Maersk Supply Service (MSS), expanding its fleet with an additional 22 vessels. Through the newly incorporated subsidiary DOF Offshore Holding Denmark, DOF will on certain terms and conditions acquire all the shares in Maersk

about 2 years ago
Hugin A living quarter was safely moved out from the fabrication hall; Source: Aker BP
Business & Finance

WATCH: Giant North Sea platform beginning to take clear shape

Aker BP has welcomed the progress made in constructing its new platform, with pieces on track to start falling into place over the next few weeks to enable it to acquire a more distinct form.

about 2 years ago
Illustration; Source: ADNOC L&S
Business & Finance

Shipbuilding giants rake in $2.5 billion from UAE player’s LNG fleet expansion rush

ADNOC L&S has gone on a spending spree to bolster its liquified natural gas (LNG) carriers’ arsenal with multiple newbuild vessels.

about 2 years ago
Stena Forth drillship; Source: Astican
Business & Finance

WATCH: Stena Drilling drillship finds its way to Las Palmas shipyard’s dock ahead of Morocco job

Stena Drilling has sent a drillship to undertake a special periodic survey (SPS) at Astican in the port of Las Palmas de Gran Canaria, Spain.

about 2 years ago
UAE-US partnership brings autonomous vehicle services to the Middle East
Business & Finance

UAE-US partnership brings autonomous vehicle services to the Middle East

U.S.-headquartered Ocean Power Technologies (OPT) has partnered up with Unique Group, a UAE-headquartered innovator in subsea technologies and engineering, to take its autonomous vehicle services to the Middle East. The companies will collaborate to deploy OPT’s existing WAM-V unmanned surface vehic

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

Petronas hires Norwegian firm for rig inspection work offshore Indonesia

Petronas’ Indonesian branch has awarded ABL with a contract to provide rig inspection services to its assets in Indonesian waters.

about 2 years ago
UK oil & gas player pursuing CO2 storage license in Greece
Business & Finance

UK oil & gas player pursuing CO2 storage license in Greece

EnEarth, a subsidiary of the London-based oil and gas company Energean, has submitted a formal application to the Hellenic Hydrocarbons and Energy Resources Management Company (EDEYEP) for a CO2 storage license in Greece. The application seeks to obtain approval for the suitability as a CO2 storage

about 2 years ago
French project to develop seabed surveying solution for great depths using AUV swarms
Business & Finance

French project to develop seabed surveying solution for great depths using AUV swarms

Three French companies have joined forces for a project that aims to develop an innovative solution for precise seabed surveying at great depths using swarms of autonomous underwater vehicles (AUVs) for ocean floor mapping. The ongoing development for the CARMA (Mineral resources mapping by AUVs swa

about 2 years ago
Alaskan hydroelectric technologies startup Sitkana has partnered with Sandia National Laboratories on a project that aims to use idle fishing vessels during Alaskan winters for tidal energy capture.
Business & Finance

Alaskan project to use idle fishing vessels for tidal energy capture

Alaskan hydroelectric technologies startup Sitkana has partnered with Sandia National Laboratories on a project that aims to use idle fishing vessels during Alaskan winters for tidal energy capture.

about 2 years ago
MOL seals Japan’s first sustainability-linked lease deal
Business & Finance

MOL seals Japan’s first sustainability-linked lease deal

MOL Chemical Tankers, a group company of Japanese shipping major Mitsui O.S.K. Lines (MOL), has signed Japan’s first sustainability-linked lease agreement with compatriot Tokyo Century Corporation for chemical tanker Bonita Ana.

about 2 years ago