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Business & Finance

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Solstad's subsea vessel picking up ROVs prior to new gig
Business & Finance

Solstad’s subsea vessel picking up ROVs prior to new gig

Solstad Offshore’s subsea construction vessel (CSV) Normand Navigator is preparing for a new project with the mobilization of remotely operated vehicles (ROVs). The 2015-built Normand Navigator arrived at Husøy, Karmøy in Norway, this week for the mobilization of ROVs from Omega Subsea Robotics, a j

about 2 years ago
Drilling to return to seven-year-old UK field as it hits oil production milestone
Business & Finance

Drilling to return to seven-year-old UK field as it hits oil production milestone

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EnQuest has reached a milestone of 70 million barrels of oil produced during May from its field in the Northern North Sea which has been online since 2017. The UK oil and gas company noted it had delivered strong operational performance across its operated portfolio so far this year, with full-year

about 2 years ago
Safe Boreas; Source: Prosafe
Business & Finance

Mystery client eyes Prosafe vessel for project offshore Australia

Norway’s Prosafe has received a conditional letter of intent (CLoI) for one of its vessels to support a project off Western Australia.

about 2 years ago
ADNOC strikes low-carbon ammonia, LNG carrier deals with Korean partners
Business & Finance

ADNOC strikes low-carbon ammonia, LNG carrier deals with Korean partners

ADNOC secured agreements with companies in the Republic of Korea regarding low-carbon ammonia, LNG carrier shipbuilding, and LPG value chain.

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian FPSO comes back online post-maintenance

Brazilian oil and gas player Enauta has resumed production from one of its FPSOs working on a field offshore Brazil.

about 2 years ago
European Commission approves up to €1.4 billion for fourth hydrogen IPCEI
Business & Finance

European Commission approves up to €1.4 billion for fourth hydrogen IPCEI

The European Commission has approved a fourth IPCEI to support research, innovation and the first industrial deployment in the hydrogen value chain.

about 2 years ago
Woodside obtains $1 billion loan to finance giant gas project
Business & Finance

Japanese back Woodside with $1 billion loan for giant gas project in Australia

Australian energy giant Woodside has signed a $1 billion loan agreement with the Japan Bank for International Cooperation (JBIC) to fund its giant gas project off the coast of Western Australia. The loan agreement, executed in Tokyo, Japan, between Woodside CEO Meg O’Neill and JBIC Deputy Governor K

about 2 years ago
Hong Kong office opening ceremony; Source: NYK
Business & Finance

Asia Pacific trio opens sixth ship management company for LNG carriers

NYK, China Merchants Energy Shipping (CMES) and CNOOC Group have formed their sixth LNG ship management company, in Hong Kong.

about 2 years ago
Swedbank
Business & Finance

Green finance: Swedbank adopts climate target for shipping portfolio

Nordic-Baltic banking group Swedbank has set a climate target for its shipping portfolio by integrating climate considerations into its loan decisions for ship finance.

about 2 years ago
Norwegian oil & gas players come up dry in North Sea and Barents Sea
Business & Finance

Norwegian oil & gas players come up dry in North Sea and Barents Sea

Norwegian oil and gas players Aker BP and Vår Energi have respectively drilled two wells in the North Sea and Barents Sea that turned out to be dry. Aker BP drilled the dry well 24/6-5 Alvheim Deep in the North Sea in production license 203, awarded in 1996, representing the eleventh exploration wel

about 2 years ago
Oceaneering, TotalEnergies make headway to sustainable commercial pipeline inspection
Business & Finance

Oceaneering, TotalEnergies make headway in sustainable commercial pipeline inspection

U.S. technology company Oceaneering has carried out a pipeline inspection industrial pilot using an autonomous underwater vehicle (AUV) for TotalEnergies, as part of the French energy giant’s ambition to become a net-zero company. The North Sea pilot using the Freedom AUV saw the inspection of over

about 2 years ago
four men in suits gather for opening of SolarDuck's new office in Tokyo
Business & Finance

SolarDuck strengthens Asia Pacific foothold with expansion of Tokyo office

Dutch-Norwegian company SolarDuck has expanded its regional office in Tokyo, Japan, to better devote to the Japanese market and accelerate the commercialization of its floating solar technology.

about 2 years ago
$1.25 billion contract win for Subsea7 with Brazil's state-owned oil & gas giant
Business & Finance

Subsea7 wins contract worth over $1.25 billion with Brazil’s oil & gas giant

Subsea7 has secured a contract worth over $1.25 billion with Brazil’s state-owned oil and gas giant Petrobras for a field located at 2,000 meters of water depth offshore Brazil. Under the contract defined as “super-major”, Subsea7 will perform engineering, procurement, fabrication, installation, and

about 2 years ago
Wavepiston tops capital raise target, extends crowdfunding for further investments
Business & Finance

Wavepiston tops capital raise target, extends crowdfunding for further investments

Danish company Wavepiston has reached and even surpassed the €600,003 target as a part of the capital raise for its wave energy technology.

about 2 years ago