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Business & Finance

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Seaway7 and Rhenus Port Logistics extend ten-year collaboration for another decade
Business & Finance

Seaway7 and Rhenus Port Logistics extend ten-year collaboration for another decade

Following a decade-long collaboration, Seaway7, part of Subsea7, and Rotterdam’s Rhenus Port Logistics have extended their partnership with a new ten-year contract. Under the contract, Seaway7 will remain a long-term customer of the Rhenus Deep Sea Terminal for mobilization and demobilization servic

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

Petrofac strikes extension deal with ONEgas West in ‘core market’

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Petrofac has won a contract extension in the Southern North Sea with ONEgas West, a venture owned by Shell UK and operated by NAM.

about 2 years ago
Chinese shipbuilder begins construction of 295-meter LNG carrier
Business & Finance

Chinese shipbuilder begins construction of 295-meter LNG carrier

Chinese shipbuilder Hudong-Zhonghua Shipbuilding has started the construction of what is said to be the first single-class large LNG carrier of China Classification Society (CCS). The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua

about 2 years ago
Shell and Ocean Infinity bolster subsea ties under five-year agreement
Business & Finance

Shell and Ocean Infinity bolster subsea ties under five-year agreement

Houston-based marine robotics company Ocean Infinity has signed a five-year global framework agreement (GFA) with energy giant Shell concerning subsea data capture services. The GFA encompasses all countries where Shell is currently active or plans to operate in the future and covers the provision o

about 2 years ago
Beach Energy to lay off 30% of its workforce as part of strategic review
Business & Finance

Australian oil & gas player to lay off 30% of its workforce as part of strategic review

Australian oil and gas player Beach Energy is planning to reduce the headcount across the business by 30% as part of a move aimed at achieving efficiency and operational cost improvements. Beach Energy announced on February 12, 2024, it was undertaking a comprehensive strategic review that aims to r

about 2 years ago
Bureau Veritas Group has awarded Dutch-Norwegian company SolarDuck the world’s first prototype certification for floating solar technology.
Business & Finance

SolarDuck wins ‘world’s first’ prototype certification for floating solar technology

Bureau Veritas Group has awarded Dutch-Norwegian company SolarDuck the world’s first prototype certification for floating solar technology. This floating solar technology’s implementation was demonstrated in SolarDuck’s 0.5 MW pilot project Merganser. The certification of the Merganser prototype com

about 2 years ago
Private equity investors acquire Acteon, new CEO to take over
Business & Finance

Private equity investors acquire Acteon, new CEO to take over

Offshore energy infrastructure services company Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP), with a new Chief Executive Officer (CEO) taking the helm. According to Acteon, Buckthorn and OEP are making a substantial investment in the bus

about 2 years ago
Stena Drilling’s new drillship to get equipment that allows 'drilling in previously inaccessible reservoirs'
Business & Finance

Stena Drilling’s new drillship to get equipment that allows access to ‘previously inaccessible reservoirs’

UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which

about 2 years ago
Illustration; Source: PetroVietnam Gas
Business & Finance

PetroVietnam to buy LNG from QatarEnergy, first shipment due in April

PetroVietnam has signed a contract with QatarEnergy LNG to purchase 70,000 metric tons of LNG set to be delivered next month.

about 2 years ago
Allseas' new pipelaying barge preparing for its first project
Business & Finance

Allseas’ new pipelaying barge preparing for its first project

Allseas’ newly converted shallow-water pipelay barge has begun preparations for its first commercial project, following sea trials offshore Malaysia. The crew is mobilizing the flat-bottomed barge called Sandpiper for its first commercial project which kicks off next month, following a period of 18

about 2 years ago
Oil block offshore Abu Dhabi starts producing
Business & Finance

Offshore block near Abu Dhabi starts oil production

UAE energy giant Abu Dhabi National Oil Company (ADNOC) has started crude oil production from its Belbazem offshore block, helping meet growing demand for Abu Dhabi’s lower-carbon intensity oil and gas. The block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petro

about 2 years ago
Green North Energy’s new plants target Finland’s self-sufficiency in ammonia production
Business & Finance

Green North Energy’s new plants target Finland’s self-sufficiency in ammonia production

Green North Energy proposes to build green hydrogen and ammonia plants as part of BalticSeaH2 project in Finnish cities Pori and Kemi.

about 2 years ago
SEA-KIT International’s latest 12-meter X-Class uncrewed surface vessel (USV) Fugro Blue Essence has been awarded Lloyd’s Register (LR) unmanned marine systems (UMS) certification, which stands as the
Business & Finance

SEA-KIT and Lloyd’s Register set new milestone in USV certification

SEA-KIT International’s latest 12-meter X-Class uncrewed surface vessel (USV) Fugro Blue Essence has been awarded Lloyd’s Register (LR) unmanned marine systems (UMS) certification, which stands as the company’s fifth certificate, and the first LR UMS certificate for a Category 0 certified vessel. T

about 2 years ago
McDermott returns to Malaysian field under 'sizeable' contract with PTTEP
Business & Finance

McDermott returns to Malaysian field under ‘sizeable’ contract with PTTEP

McDermott has won what it defines as a “sizeable” offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for a project offshore Malaysia on which it had worked in the early 2010s. Under the contract worth between $1 million and $50 million, McDermott wi

about 2 years ago