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Business & Finance

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Floating solar panels arriving at the Cottbus Baltic Sea via trucks
Business & Finance

‘Germany’s largest floating solar plant’ starts assembling (Video)

Situated on the eastern shore of the Cottbus Baltic Sea, the country’s largest post-mining lake. The 29 MWp floating solar plant is set to generate approximately 29,000 MWh of electricity a year, with commissioning set for the winter of 2024/2025.

about 2 years ago
Unifeeder launches new carbon insetting solution to back decarbonization
Business & Finance

Unifeeder launches new carbon insetting solution to back decarbonization

Danish short sea operator Unifeeder has launched a new carbon insetting solution to decarbonize the seaborne sections of its supply chains.

about 2 years ago
N05-A platform; Source: One-Dyas
Business & Finance

No more legal woes: Offshore wind-powered North Sea project goes full steam ahead toward first gas by year-end

ONE-Dyas is moving at full throttle to bring its gas platform, which will run on offshore wind power in the North Sea, online by the end of 2024.

about 2 years ago
The Switch
Business & Finance

ADNOC L&S eyes new LNG carrier additions and buys shipping player with 32-tanker fleet

ADNOC L&S has signed an LoI for the construction of LNG carriers with South Korea’s shipbuilder and is buying a Singaporean shipping company.

about 2 years ago
Havila vessel stays with Reach Subsea on improved terms
Business & Finance

Havila vessel stays with Reach Subsea on improved terms

Norway-headquartered Reach Subsea has exercised the option to extend the contract for one of Havila Shipping’s inspection, maintenance, and repair (IMR), survey, and construction vessels, on improved terms than previously agreed. Reach Subsea has entered into an agreement with Havila Shipping to ext

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Appraisal ops uplift recoverable reserves at field offshore Gabon

BW Energy has confirmed a boost in recoverable reserves at a field in the Dussafu license off the coast of Gabon.

about 2 years ago
Repeat client brings SeaBird's backlog to combined 33 months of OBN source work
Business & Finance

Repeat client brings SeaBird’s backlog to combined 33 months of OBN source work

Cyprus-headquartered seismic firm SeaBird Exploration has secured a contract with a repeat client that will take its seismic research vessel Eagle Explorer to the Western Hemisphere. The duration of the contract is six months, including options to extend by another 6+6 months. Mobilization has start

about 2 years ago
Main suppliers revealed for NKT's new cable layer as it gets its name
Business & Finance

Main suppliers revealed for NKT’s second cable layer as it gets its name

Denmark-based power cable manufacturer and installation company NKT has named its new cable laying vessel (CLV) NKT Eleonora, meaning shining light. According to NKT, the name is a reference to the company’s central position in transmitting power through its cable solutions and to the bright future

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Shell gives Deltic more time to secure funds for its share of appraisal costs at North Sea discovery

Deltic Energy has managed to obtain additional time to ensure that its share of costs will be secured for the appraisal of a discovery in the North Sea.

about 2 years ago
FPSO Johan Castberg; Source: Equinor
Business & Finance

WATCH: Massive newbuild FPSO embarking on sea trials before starting its Barents Sea gig

Equinor has disclosed the departure of its giant new floating production, storage, and offloading (FPSO) vessel from Aker Solutions’ Stord yard.

about 2 years ago
OPEC
Business & Finance

OPEC+ stretches production cuts into 2025 but presents timeline to ease off oil curbs later on

With geopolitical challenges and economic uncertainties at the forefront, OPEC+ will prolong production cuts into 2025 to prop up oil markets.

about 2 years ago
Freeport LNG
Business & Finance

JERA’s partial stake in US LNG project going to JAPEX

JERA has decided to offload a partial interest in an LNG export project located in the United States (U.S.) to optimize its asset portfolio.

about 2 years ago
Saipem to take over China-built latest generation heavy lift pipelay vessel in June
Business & Finance

Saipem to take over China-built latest generation heavy lift pipelay vessel in June

Chinese state-owned port and naval machinery manufacturer ZPMC has held the completion ceremony for the latest generation vessel for offshore heavy lifting, construction and pipelaying, set to be delivered to Saipem. The completion ceremony of the JSD6000 was held at ZPMC’s base in Changxing and the

about 2 years ago
US natural gas firm sells its upstream assets for $260M, enters LNG offtake deal
Business & Finance

US natural gas firm sells its upstream assets for $260M, enters LNG offtake deal

U.S. natural gas company Tellurian has entered into an agreement with a compatriot private investment firm and adviser for the sale of its integrated upstream assets, as well as heads of agreement for the offtake of LNG from its Driftwood plant. As part of the agreements, Texas-headquartered Aethon

about 2 years ago
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