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Business & Finance

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'Major' contract with Petrobras comes to DOF-TechnipFMC vessel
Business & Finance

‘Major’ contract with Petrobras comes to DOF-TechnipFMC vessel

A joint venture between DOF Subsea and TechnipFMC has secured a contract defined as “major” with Brazilian oil and gas giant Petrobras for a pipelay support vessel (PLSV). Petrobras awarded the contract for the 142-meter-long PLSV Skandi Vitória that includes a three-year firm plus option, commencin

about 2 years ago
Gina Krog field in the North Sea; Source: Ole Jørgen Bratland/Equinor
Business & Finance

Polish player buys its way into Equinor’s North Sea gas field

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Equinor has set the wheels into motion to divest a partial stake in a gas field in the North Sea, which is expected to extend the life of the Gina Krog field.

about 2 years ago
Capital Product Partners pouring $756 million into LCO2 and LPG/ammonia carriers
Business & Finance

Capital Product Partners pouring $756 million into LCO2 and LPG/ammonia carriers

Capital Product Partners L.P. is expanding further into the gas sector with a new strategic investment in ten LCO2 and LPG/ammonia carriers.

about 2 years ago
South Koreans aim for global supply with new offshore wind cable plant
Business & Finance

South Koreans aim for global supply with opening of new offshore wind cable plant

South Korean Taihan Cable & Solution has opened the first phase of its submarine cable plant that will supply the offshore wind industry. The submarine cable plant, covering around 44,800 m2 behind Godae Pier at Pyeongtaek’s Dangjin Port, is being constructed in two phases. The first phase, which fo

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

TotalEnergies strengthens its foothold in Asia with fresh LNG deals

TotalEnergies has stepped up its liquefied natural gas (LNG) delivery game in Asia with new contracts in India and South Korea.

about 2 years ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Business & Finance

No clearance for Shelf Drilling’s rig to work in Norwegian waters hinders start-up of drilling gig

Shelf Drilling has disclosed plans to keep discussing options with the Norwegian offshore safety regulator to obtain an AoC for one of its jack-up rigs.

about 2 years ago
Vopak and AltaGas reach FID for large-scale LPG and bulk liquids terminal in Canada
Business & Finance

Vopak and AltaGas reach FID for large-scale LPG and bulk liquids terminal in Canada

Royal Vopak and AltaGas reached a positive FID on the large-scale LPG and bulk liquids export terminal on Ridley Island, B.C., Canada.

about 2 years ago
Equinor and partners give out $3.4M worth of contracts to local geophysical services firm
Business & Finance

Equinor and partners give $3.4M worth of contracts to local geophysical services firm

Norwegian Electromagnetic Geoservices (EMGS) has secured contracts with a combined value of approximately $3.4 million with Equinor and partners for surveys in Norway. EMGS reported at the end of May that it had entered into several agreements with Equinor and partners for fully pre-funded multi-cli

about 2 years ago
Korea and Norway join forces on clean energy, eco-friendly and smart ships
Business & Finance

Korea and Norway join forces on clean energy, eco-friendly and smart ships

The Republic of Korea and Norway have joined forces to boost economic cooperation in clean energy, shipbuilding, and eco-friendly and smart vessels.

about 2 years ago
Stena DrillMAX drillship; Source: Stena Drilling
Business & Finance

Stena Drilling’s drillship comes to Canada to carry out work for ExxonMobil

Stena Drilling has confirmed that one of its drillships made its way to Canadian waters, where it will embark on a drilling assignment with ExxonMobil.

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

Green light for BP and Trinidad and Tobago’s firm for cross-border offshore gas field

BP and NGC have secured a two-year license for a gas field, which straddles the maritime boundary between Venezuela and Trinidad & Tobago.

about 2 years ago
Agreement signing ceremony; Source: PVN
Business & Finance

Vietnam’s gas-to-power project moves forward with planned investment nearing $12 billion

Following an FID, PVN has penned multiple agreements with its partners to proceed with an integrated development project offshore Vietnam.

about 2 years ago
T&E: Two-thirds of European green shipping fuel projects may never come online as supplies fear lack of demand
Business & Finance

T&E: Two-thirds of European green shipping fuel projects may never come online as supplies fear lack of demand

Nearly 4% of European shipping could run on green e-fuels by 2030 but just a third of these projects are guaranteed, T&E warns in a new study.

about 2 years ago
European Commission launches new mechanism to boost hydrogen market
Business & Finance

European Commission launches new mechanism to boost hydrogen market

To support the development of the European hydrogen market, the European Commission has started work on a pilot mechanism that aims to accelerate investments by providing a “clearer” picture of the market situation of both off-takers and suppliers and facilitating contacts between them.

about 2 years ago