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Business & Finance

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SFL
Business & Finance

SFL places $150M sustainability-linked bond

Bermuda-based ship owner and charterer SFL Corporation has placed the four-year $150 million senior unsecured sustainability-linked bonds.

about 2 years ago
Source: Australian Energy Producers
Business & Finance

Australia urged to ensure its gas strategy features LNG opportunities

Australian Energy Producers has called for the inclusion of liquefied natural gas (LNG) in the government’s future gas strategy.

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about 2 years ago
International agreement targets development of electric thrusters for ROVs
Business & Finance

International agreement targets development of electric thrusters for ROVs

Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

about 2 years ago
Illustration. Source: BOEM
Business & Finance

US unveils next steps in its 2024–2029 Gulf of Mexico oil & gas leasing program

Bureau of Ocean Energy Management (BOEM) has revealed the notice of availability of the area identification for the three proposed Gulf of Mexico (GOM) oil and gas lease sales during 2024 – 2029.

about 2 years ago
Noble Integrator jack-up rig; Source: Noble Corporation
Business & Finance

Aker BP gets thumbs-up for hydrocarbon search in North Sea with Noble rig

Aker BP has secured a drilling permit for an exploration well in the North Sea off the coast of Norway, which is expected to be drilled this month.

about 2 years ago
UK-headquartered CRP Subsea has won a contract with what is described as a “leading global umbilical manufacturer” to supply distributed buoyancy modules (DBMs) to a large gas field in the Indian Ocea
Business & Finance

Umbilical manufacturer taps CRP Subsea for ‘large’ Australian field

UK-headquartered CRP Subsea has won a contract with what is described as a “leading global umbilical manufacturer” to supply distributed buoyancy modules (DBMs) to a large gas field in the Indian Ocean, offshore Western Australia.

about 2 years ago
The process of installing electrical and construction components. Source: Institut Teknologi Sepuluh Nopember (ITS)
Business & Finance

Indonesia’s first marine floating solar power plant prototype launched

The first marine floating solar power plant prototype in Indonesia, Solar2Wave, has been launched, backed by funding from Innovative UK.

about 2 years ago
Six North Sea countries put subsea infrastructure security high on the agenda with joint declaration
Business & Finance

Six North Sea countries put subsea infrastructure security high on the agenda with joint declaration

Six North Sea countries have signed a joint declaration to cooperate on the protection of critical underwater energy and telecommunication infrastructure in the North Sea. At the North Sea Summit held in April 2023, national security advisers from nine countries met to discuss better cooperation on

about 2 years ago
Illustration; Source: OEM Group
Business & Finance

UK duo pool resources to pursue sustainability avenues in marine and oil & gas sectors

Welsh provider of eco-friendly marine solutions Avantis Marine has joined forces with Scottish oilfield services provider OEM Group.

about 2 years ago
Akal-B platform; Source: Pemex
Business & Finance

Fire at Gulf of Mexico platform ends in fatality while multiple workers suffer injuries

Pemex has confirmed a fire incident at one of its oil platforms in the Gulf of Mexico, which resulted in the death of one contractor.

about 2 years ago
Scottish subsea surveys provider gets on board US carbon capture and storage project
Business & Finance

Scottish subsea surveys provider gets on board US carbon capture and storage project

Scottish subsea surveys and inspections provider Sulmara has been appointed to deliver an offshore geophysical survey for a carbon capture and storage project (CCS) in the U.S. Sulmara was commissioned by Bayou Bend CCS, a joint venture of Chevron, Talos Energy and Equinor, to conduct an archaeologi

about 2 years ago
Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG
Business & Finance

Baker Hughes lands work on Canada’s Cedar LNG project

Baker Hughes has won a contract to supply Black & Veatch with electric-driven liquefaction technology for Canada’s Cedar LNG project.

about 2 years ago
Argeo vessel en route to Africa for TotalEnergies gig following conversion upgrade
Business & Finance

Argeo vessel en route to Africa for TotalEnergies gig

Norway’s Argeo has completed the conversion upgrade for the Argeo Venture and the vessel has begun its journey towards West Africa for a project with French multi-energy major TotalEnergies. Following the completion of its conversion upgrade in Norway, Argeo Venture started the transit to Africa on

about 2 years ago
Wallenius Wilhelmsen reveals another billion-dollar deal with biofuel included
Business & Finance

Wallenius Wilhelmsen reveals another billion-dollar deal with biofuel included

Wallenius Wilhelmsen secured a new contract worth more than $1 billion with a ‘leading global player’ in the premium car segment. The agreement covers both shipping and logistics services, as well as the use of biofuel.

about 2 years ago