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Business & Finance

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Crestwing's Tordenskiold wave energy prototype operating offshore Denmark (Courtesy of Crestwing)
Business & Finance

Danish wave energy device nears commercialization with new grant and govt support

Danish company Crestwing has secured funding from the Den Danske Maritime Fond to support the technical development of Tordenskiold, its wave energy device prototype.

about 2 years ago
Illustration; Source: New Fortress Energy
Business & Finance

US player puts LNG export facility in Florida up for sale to chip away at its debt tab

New Fortress Energy has struck a deal with an undisclosed middle-market infrastructure fund to unload its LNG facility in Miami.

about 2 years ago
Norway's seismic firms PGS and TGS officially become one
Business & Finance

Norway’s seismic firms PGS and TGS officially become one

Norway-headquartered seismic companies PGS and TGS have formally completed their merger, following the final regulatory approval obtained some twenty days ago. Back in September 2023, TGS and PGS announced their agreement on principal terms to combine their two firms and create a strong full-service

about 2 years ago
FPSO Cidade de Santos; Source: Enauta
Business & Finance

Brazilian oil & gas firm pulls the plug on FPSO acquisition from MODEC

Enauta has brought its purchase of a floating production, storage, and offloading (FPSO) unit from MODEC to an untimely end.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling rig to sling its hook and peel out of Nigeria on its way to Indian gig

Dolphin Drilling has confirmed that its rig has cast off and is making a beeline for Indian waters, where it will embark on its new assignment.

about 2 years ago
Deepwater Aquila drillship; Source: Transocean
Business & Finance

Transocean drillship embarks on maiden gig with Petrobras in Brazil

Transocean’s newbuild ultra-deepwater drillship has set the ball rolling on its inaugural drilling assignment with Petrobras in Brazil.

about 2 years ago
A photo of Jan De Nul's cable laying vessel at Formosa 2 site in Taiwan
Business & Finance

Jan De Nul selected for export cable installation offshore Taiwan

Jan De Nul Group has signed a preferred supplier agreement with Copenhagen Infrastructure Partners (CIP) for the installation of high-voltage export cables that will bring renewable energy generated at the Fengmiao 1 offshore wind farm ashore. Jan De Nul will connect the offshore substation of the F

about 2 years ago
FSU Njord Bravo, Source: Equinor
Business & Finance

Two oil & gas firms handpick Norwegian player for rig and FSU work

Soiltech has won two contracts for the treatment of contaminated water, one with Equinor, and the other with Petrogas E&P Netherlands.

about 2 years ago
Aether Fuels secures $34 million to boost development of sustainable fuels
Business & Finance

Aether Fuels secures $34 million to boost development of sustainable fuels

Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors, with the aim to, among other things, accelerate the scale-up of Aether Aurora, the company’s proprietary technology to create sustainable fuels for the aviation and ocean shipping industries.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Oil & gas exploration hit and miss in Barents Sea as Norwegian shelf continues its development

Aker BP and Equinor have completed drilling operations in the Barents Sea, which was recently expanded with new acreage in APA 2024.

about 2 years ago
Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.
Business & Finance

Nova Innovation and RSK establishes floating solar joint venture

Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.

about 2 years ago
MOPU Ingenium; Source: KrisEnergy
Business & Finance

Crack on one of MOPU’s legs turns oil production taps off offshore Thailand

Valeura has suspended production at its oil field offshore Thailand out of precaution following an anomaly detected on the field’s MOPU.

about 2 years ago
2019-built survey catamaran changes owner, set to serve European offshore wind
Business & Finance

2019-built survey catamaran changes owner, set to serve European offshore wind

Surveying and mapping services provider Darkocean has added a multi-role workboat/survey catamaran to its fleet which will be used for offshore wind projects across the UK and Northern Europe. Darkocean has taken delivery of the 10-meter-long Coastal Observer from Purus, formerly known as HST Workbo

about 2 years ago
Illustration; Courtesy of MODEC and Terra Drone
Business & Finance

Oil & gas drone tech in focus: Japanese pair pool resources for unmanned FPSO inspection

MODEC and Terra Drone Corporation have sealed a deal to enhance inspection drones for FPSOs to enable unmanned inspection.

about 2 years ago
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