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Business & Finance

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Core Power
Business & Finance

KSOE bolstering efforts on nuclear propulsion for ships

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (KSOE), a sub-holdings company of HD Hyundai, has entered into a cooperation deal with prominent nuclear power companies Core Power and TerraPower to develop nuclear power for ships. The move is being announced following a

about 2 years ago
Höegh LNG settles disputes with charterer of PGN FSRU Lampung
Business & Finance

Höegh LNG settles disputes with charterer of PGN FSRU Lampung

Bermuda-based owner and operator of LNG carriers and FSRUs Höegh LNG has provided an update stating that the previously disclosed disputes and pending arbitrations with the charterer of PGN FSRU Lambung, which is serving Pertamina’s Perusahaan Gas Negara (PGN) off Indonesia, have been settled. In a

about 2 years ago
Aras Driller jack-up rig; Source: Ocean Oilfield
Business & Finance

1979-built jack-up rig wraps up its assignment off UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of a plug & abandonment program, which one of its jack-up rigs carried out at an offshore field in the UAE for Atlantis (UAQ) Limited.

about 2 years ago
Shearwater GeoServices goes to India
Business & Finance

Shearwater GeoServices goes to India

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has appointed Norway’s Shearwater GeoServices to deliver an ocean bottom node (OBN) survey off the coast of India. According to Shearwater, the venture will showcase its Pearl node technology aboard the SW Tasman, a vessel

about 2 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business & Finance

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Shell takes Valaris jack-up rig for upcoming North Sea drilling ops

Shell has hired a heavy-duty jack-up rig from Valaris, an offshore drilling contractor, for a two-well drilling campaign in 2024.

about 2 years ago
Sempra and JBIC join forces to pursue energy transition opportunities
Business & Finance

Sempra and JBIC join forces to pursue energy transition opportunities

Houston-based Sempra Infrastructure, a subsidiary of Sempra, and Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MoU) to collaborate on energy transition opportunities, such as LNG and hydrogen, in the United States and Japan. The MoU will see Sempra and JB

about 2 years ago
France's HelioRec sets up partnership for floating solar in Bretagne
Business & Finance

France’s HelioRec sets up partnership for floating solar in Bretagne

France-based start-up HelioRec has established a partnership with EMP ROTOMOULAGE, a company dedicated to rotational molding techniques, with the aim of spearheading the production of floating solar systems in the Bretagne region. HelioRec, who has developed a floating solar system whose compact des

about 2 years ago
Venture Global and Grain LNG pen long-term LNG deal
Business & Finance

Venture Global and Grain LNG pen long-term LNG deal

U.S. Venture Global LNG and UK National Grid Grain LNG have signed a binding long-term terminal use agreement (TUA), enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, U.S., including CP2 LNG, subject to obtaining necessary federal permits. Under the agr

about 2 years ago
16-year-old vessel returns to VARD for conversion
Business & Finance

16-year-old vessel returns to VARD for conversion

A Canadian company active in the offshore oil & gas and energy sectors has appointed Norway’s VARD to convert a platform supply vessel (PSV) that it built 16 years ago into a cable-laying vessel (CLV). I.T. International Telecom Marine (IT) is a Halifax-based marine network installer offering deskto

about 2 years ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

Drilling program and well intervention campaign on Serica’s 2024 agenda in North Sea

Serica Energy is preparing to kick off its four-well drilling campaign and work-over program in the UK sector of the North Sea.

about 2 years ago
Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea’s drilling ops with Transocean rig cleared for take-off

Wintershall Dea has secured a green light for the drilling of four wells in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

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

CNOOC brings online China’s ‘largest’ offshore oilfield secondary development and adjustment project

CNOOC Limited has kicked off production from an oilfield secondary adjustment and development project, which is located in Liaodong Bay of Bohai Sea.

about 2 years ago
Eidesvik and DEME shake hands for ship management agreement extension
Business & Finance

Eidesvik and DEME shake hands for ship management agreement extension

Eidesvik Offshore has signed an extension to its ship management agreement with DEME for the construction support vessel (CSV) Viking Neptun. Eidesvik has provided full technical management, crewing and operation of Viking Neptun since December 2022 and this agreement extends the firm period to Janu

about 2 years ago
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