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Business & Finance

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Jan De Nul buys electric ROV for 'world's largest cable-laying vessel'
Business & Finance

Jan De Nul buys electric ROV for ‘world’s largest cable-laying vessel’

Jan De Nul Group has purchased an electric remotely operated vehicle (ROV) from UK subsea engineering and technology company SMD for what is said to be the world’s largest cable-laying vessel (CLV). SMD’s Quantum EV will be integrated into Jan De Nul’s new CLV Fleeming Jenkin and deployed to offshor

about 2 years ago
Venture Global LNG buying nine newbuild LNG ships
Business & Finance

Venture Global LNG buying nine newbuild LNG ships

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U.S. LNG producer Venture Global LNG is acquiring a fleet of nine LNG-powered vessels, currently under construction in South Korea, to advance the integration of its business across the entire LNG supply chain.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Multi-million drilling job takes Dolphin semi-sub rig to India

Dolphin Drilling has secured a long-term contract for one of its semi-submersible rigs with Oil India Limited for operations off the coast of India.

about 2 years ago
Ocean GreatWhite semi-submersible rig; Source: Kishorn Port
Business & Finance

One of world’s largest semi-sub rigs comes back to UK port ahead of resuming drilling gig with BP

A giant rig has returned to the UK’s Kishorn port to prepare for its return to the drilling campaign with BP in the UK North Sea.

about 2 years ago
Ulstein unveils new subsea vessel
Business & Finance

Ulstein unveils new subsea vessel

Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei

about 2 years ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Another ‘significant’ oil discovery springs up offshore Namibia

Oil boom continues in Namibia as the African country is now richer for another discovery.

about 2 years ago
SPB tank, Source: Wison New Energies
Business & Finance

Lifting operation wraps up for ‘core’ piece of Eni’s Congo LNG project

Wison New Energies has hoisted the first SPB tank for Eni’s Congo LNG project into hull cargo hold space at the Nantong yard.

about 2 years ago
Noble Viking drillship; Source: Noble Corporation
Business & Finance

Noble drillship going to Philippines for offshore drilling campaign

Noble Corporation has won a new multi-well assignment off the coast of the Philippines for one of its drillships.

about 2 years ago
BP, Equinor and TotalEnergies pick 9 contractors for UK's 'vital' decarbonization projects
Business & Finance

BP, Equinor and TotalEnergies pick 9 contractors for UK’s two ‘vital’ decarbonization projects

BP, Equinor and TotalEnergies have selected nine contractors for engineering, procurement, and construction contracts, with a combined value of around £4 billion, for two projects being developed in Teesside that are said to be vital for the UK’s decarbonization journey. Net Zero Teesside Power (NZT

about 2 years ago
With 'outstanding' financial results in 2023, Prysmian upgrades its decarbonization strategy
Business & Finance

With ‘outstanding’ financial results in 2023, Prysmian increases its decarbonization ambition

Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 mil

about 2 years ago
Egypt concludes seven deals for green hydrogen projects in SCZONE
Business & Finance

Egypt concludes seven deals for green hydrogen projects in SCZONE

The Egyptian government has signed seven memoranda of understanding (MoU) with international developers to set up green hydrogen and renewable energy projects in the Suez Canal Economic Zone (SCZONE).

about 2 years ago
Texas LNG advances to execution phase of project financing
Business & Finance

Texas LNG advances to execution phase of project financing

Texas LNG has received sufficient expressions of interest from project finance banks to move to the execution phase of project financing.

about 2 years ago
Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets
Business & Finance

Minesto finds partner for expansion into Australian and New Zealand markets

Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets in Australia and New Zealand. The broadened market presence in Australia and New Zealand is directe

about 2 years ago
Bideford Dolphin semi-submersible rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling gets rid of 1975-built semi-sub rig

Offshore drilling contractor Dolphin Drilling has decided to sell one of its semi-submersible rigs for scrap to further enhance its fleet.

about 2 years ago