MMA Offshore reported strong demand for its vessels and services in the first FY2024 half-year. With newbuild vessel orders at a historic low and limited additional vessel supply anticipated in the coming couple of years, the Australia-headquartered company said it was expecting favorable market con
The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains.
Australian energy giant Woodside has put the wheels in motion to widen the scope of its relationship with JERA.
Woodside has selected the U.S. provider of offshore drilling solutions Dril-Quip for the delivery of subsea wellhead systems for its deepwater oil project in the Perdido basin in the Gulf of Mexico. Dril-Quip is set to supply BigBore IIe subsea wellhead systems for the Trion greenfield deepwater dev
Flex LNG, the owner and operator of LNG carriers, has received a notice that the charterer of its vessel Flex Courageous will exercise the first extension option. Together with Flex Resolute, Flex Courageous was fixed on a three-year time charter on November 1, 2021, with the contract commencing in
Shell has started production from a deepwater project in the U.S. Gulf of Mexico, which is a subsea tie-back to the Appomattox production hub.
AGR has secured a contract extension with Equinor for the provision of blowout and well control studies on the NCS.
Valaris has managed to boost its contract backlog by almost 60% compared to the sum from twelve months ago, thanks to the higher day rates and fleet utilization.
Gears in the energy transition machine are constantly turning but not fast enough to meet the decarbonization targets that the UK has set, according to DNV.
Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected during its first phase of operation at its grid-connected monopile seabed foundation in Vestmannasund, Faroe Islands, the Swedish company reported. The 25-ton Dragon 12 tidal energy kite was commissioned in the early morning of Fe
Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million.
Ciel & Terre Taiwan and HEXA Renewables have concluded one of Taiwan’s largest near-shore floating solar projects, situated within the Changbin Industrial Park in Changhua County. The entire floating solar project of the Changbin Industrial zone is about 440 MWp, having Ciel & Terre Taiwain represen
Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Ag
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the Barents Sea.
