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Naming ceremony for FPSO Maria Quitéria; Source: Yinson Production

Business & Finance

Cosco hosts naming ceremony for Yinson Production’s Brazil-bound FPSO – gallery

Yinson Production has tucked a new milestone under its belt with a naming ceremony for an FPSO destined to be deployed off the coast of Brazil.

about 2 years ago

Business & Finance

North Sea operator sanctions oil & gas field development and hands out work to Aker Solutions, Subsea7, and OneSubsea

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OKEA has made a final investment decision (FID) for the development of an oil and gas field in the North Sea off the coast of Norway.

about 2 years ago

Business & Finance

Dutch wave energy company gets subsidy for large-scale technology testing

Dutch Wave Power, a company developing technology to convert energy from waves at sea into electrical energy or hydrogen, has received a subsidy of over €99,000 for large-scale testing and demonstration of its technology in the North Sea offshore Scheveningen. The subsidy from the Wadden fund (Wadde

about 2 years ago

Business & Finance

With suspension of 12 more jack-ups, rig pool in Middle East narrows down

ADES, COSL, and Arabian Drilling have joined the rig owners that have confirmed a temporary suspension of operations for one or more rigs in the Middle East.

about 2 years ago

Business & Finance

Thanks to over $0.5 billion loan, Trafigura enables Japanese utility player to get LNG imports

Trafigura has received a loan from JBIC to fund a Japanese utility company’s needs for LNG imports on a term basis.

about 2 years ago

Business & Finance

Blame for UK offshore oil & gas license abandonment pinned on wind farm construction ops

The blame for an unfulfilled license requirement and subsequent relinquishment is said to rest squarely on wind farm construction activities.

about 2 years ago

Craig International global HQ; Source: Craig International

Business & Finance

New assignment lined up in Middle East for Scottish firm

Scottish oilfield procurement specialist Craig International, a member of Craig Group, has won a new contract with QatarEnergy LNG.

about 2 years ago

Business & Finance

With offshore repairs done, Balticconnector about to restart after six-month shut-down

Preparatory work has begun for the commissioning of the Balticconnector gas pipeline between Finland and Estonia which was shut down in October 2023 due to a rupture, following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid clos

about 2 years ago

Business & Finance

Eltronic FuelTech partners with CSTC Shanghai to promote greener fuel solutions in China

Eltronic FuelTech and CSTC Shanghai will work on the adoption of Eltronic FuelTech’s greener fuel technologies in China’s maritime sector.

about 2 years ago

Business & Finance

South Koreans to set up specialized test facility for HVDC cables

South Korean Taihan Cable & Solution is planning to set up a specialized test facility for high-voltage direct current (HVDC) cables as a response to the growing global demand. The dedicated test facility will be built on approximately 7,000 square meters of unused land at the Dangjin plant, which i

about 2 years ago

Scana subsidiary wins mooring contract for Brazilian FPSO

Business & Finance

Scana company secures contract to deliver FPSO mooring equipment

Scana-owned Seasystems has won a contract worth between NOK 20 and 50 million (between $4.5 and $13.9 million) for the delivery of a turret structural connector system for floating production storage and offloading (FPSO) in the Gulf of Mexico.

about 2 years ago

Blackford Dolphin rig; Source: Dolphin Drilling

Business & Finance

‘Win-win’ deal with Nigerian oil & gas firm enabling drilling rig to move to India on time

Dolphin Drilling has struck a deal regarding past due payment amounts and remaining work under a drilling contract off the coast of Nigeria.

about 2 years ago

Business & Finance

UK backs creation of green international shipping routes with fresh funding

The UK government has revealed it will launch the bidding process for the £1.5 million funding aimed at establishing zero-emission shipping routes to and from the UK.

about 2 years ago

Arabia I jack-up rig; Source: Borr Drilling

Business & Finance

Aramco hands out 12-month jack-up rig suspension to Borr Drilling

Borr Drilling has received a notice of temporary suspension of operations for one of its jack-up rigs working for Aramco.

about 2 years ago