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Business & Finance

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Boluda Towage
Business & Finance

Boluda Towage bolsters presence in Strait of Gibraltar with Resolve Salvage and Fire acquisition

Boluda Towage, a subsidiary of Spain’s Boluda Corporación Marítima, has expanded its global operations with the acquisition of Resolve Salvage and Fire, solidifying its position in the Strait of Gibraltar. The move aims to enhance services and intervention capabilities for both companies. The additi

about 2 years ago
FPSO Pyrenees Venture; Source: MODEC
Business & Finance

Jadestone in the running for Woodside’s oil & gas assets off Western Australia

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Jadestone Energy has confirmed its participation in the bid process for Woodside’s participating interests in oil and gas assets off Western Australia.

about 2 years ago
Castoro10 vessel during Above Water Tie-In (AWTI) operation of the two 48” pipeline sections, approximately 4km offhsore Mukran port, Germany
Business & Finance

End of subsea construction phase for German pipeline

ABL Group has completed the marine warranty survey scope related to the installation of Germany’s Ostsee Anbindungsleitung (OAL) subsea pipeline, where the first gas feed-in is expected soon. GASCADE Gastransport contracted ABL to provide marine warranty survey (MWS) services to supervise the transp

about 2 years ago
DOF secures further backlog in APAC at improved rates and margins
Business & Finance

DOF secures further backlog in APAC at improved rates and margins

DOF Group has secured a contract and a contract extension in Asia Pacific, securing further backlog in the region. The latest contract secured for the region will use Skandi Hercules and see the vessel fully utilized off the Australian coast into the third quarter of this year. The contracted scope

about 2 years ago
FPSO Jotun; Source: Vår Energi
Business & Finance

FPSO nearing completion but changes made to North Sea oil project’s start-up date

Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.

about 2 years ago
USV orders of over $1.25 million land on Ocean Power Technologies' table
Business & Finance

USV orders of over $1.25 million land on Ocean Power Technologies’ table

Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WA

about 2 years ago
Petrobras targets reliable subsea production with order of motor boosting system
Business & Finance

Petrobras targets reliable subsea production with topside-less technology

Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera

about 2 years ago
Island Innovator rig; Source: Island Drilling
Business & Finance

‘We do not compromise with safety,’ says CEO as Island Drilling looks into legal steps to challenge rig termination

Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.

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

Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?

The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.

23 minutes read
Reach Subsea makes moves to meet increasing demand for subsea services
Business & Finance

Reach Subsea makes moves to meet increasing demand for subsea services

Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm peri

about 2 years ago
QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers
Business & Finance

QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers

As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy

about 2 years ago
Picture showing three 150 MW offshore solar standard formats in-between offshore wind turbines. Source: Oceans of Energy
Business & Finance

16 European partners kick off project to scale up offshore solar

Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenge

about 2 years ago
FPSO Akpo; Source: Sapetro
Business & Finance

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago
Onshore cable provider wanted for second Malta-Italy interconnector
Business & Finance

Onshore cable provider wanted for second Malta-Italy interconnector

InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and acce

about 2 years ago