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Business & Finance

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ZeroNorth
Business & Finance

ZeroNorth acquires Euronav’s FAST platform

Denmark-based technology company ZeroNorth has reached a deal with Belgian shipping company Euronav to acquire and manage the tanker major’s Fleet Automatic Statistics and Tracking (FAST) platform. As part of the deal, Euronav will become a customer of ZeroNorth’s full platform offering. FAST collec

about 2 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Business & Finance

With stakes in North Sea oil & gas fields, Longboat JAPEX adds first producing assets to its portfolio

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Longboat JAPEX Norge has brought an acquisition to an end, enabling it to get its hands on its initial producing assets offshore Norway.

about 2 years ago
QatarEnergy
Business & Finance

QatarEnergy dishes out $6 billion to boost production at Qatar’s largest oil field

QatarEnergy has handed out four multi-billion-dollar engineering, procurement, construction, and installation (EPCI) contract packages to multiple players in a bid to propel forward the next development phase of Qatar’s largest offshore oil field.

about 2 years ago
ADNOC's fleet richer for dive support vessel
Business & Finance

ADNOC’s fleet richer for dive support vessel

UAE’s energy giant Abu Dhabi National Oil Company (ADNOC) has taken delivery of the first of two 24-meter catamaran dive support vessels (DSVs) from a shipyard in Dubai. ADNOC MD 01, the first of two sister vessels, was built by Dubai-based Grandweld Shipyards and designed by Robert Allan Ltd. to su

about 2 years ago
Illustration; Source: Transport & Environment
Business & Finance

Seven NGOs urge Europe to set coal, oil, and gas phase-out dates

A coalition of seven NGOs has sent a letter, encouraging the European Commission to list fossil fuel phase-out dates within the roadmap for Europe’s 2040 target.

about 2 years ago
UK CCS project enters FEED phase as Technip Energies snatches contract
Business & Finance

UK CCS project enters FEED phase as Technip Energies snatches contract

The Viking Link carbon capture and storage (CCS) project in the UK has entered the front-end engineering design (FEED) phase with the award of the contract to Technip Energies. Viking CCS, previously known as V Net Zero, is the Humber-based CO2 transportation and storage network led by UK oil and ga

about 2 years ago
Bulker
Business & Finance

Seanergy to pioneer Capesize hydrogen retrofit in EU funded project

Greek pure-play Capesize ship owner Seanergy Maritime Holdings Corp. has revealed that it will retrofit one of its existing Capesize vessels with hydrogen (H2) technology. The project is being bankrolled through the European Union Funded SAFeCRAFT Project Consortium. Seanergy, through its wholly-own

about 2 years ago
Illustration from the North Sea Transition Authority (NSTA)
Business & Finance

Tackling triple challenge of production, emissions, and net zero spurs North Sea’s technological innovation

As the global offshore energy industry takes steps to evolve in line with emerging technological innovations, the UK regulator, the North Sea Transition Authority (NSTA) points out that the North Sea is increasingly becoming a hotbed of activity aimed at employing new technology to enable the streng

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

With safety and efficiency in mind, two players set up digital rig offering for operating procedure

Archer has joined forces with Horizon56 to launch a new solution, which will digitalize operating procedures to bolster rig safety and efficiency.

about 2 years ago
Inyanga Marine to build Southeast Asia's first tidal energy plant
Business & Finance

UK firm to build Southeast Asia’s first tidal energy plant

San Bernardino Ocean Power Corporation (SBOPC), an affiliate of Energies PH, has awarded the UK’s Inyanga Marine Energy Group with a contract to build Southeast Asia’s first-ever tidal power generation plant. The project will be located at the remote Capul Island of Northern Samar in the Philippines

about 2 years ago
Retrofitted TDI-Brooks vessel en route to its first offshore wind job
Business & Finance

TDI-Brooks vessel en route to its first offshore wind job after retrofit campaign

U.S.-headquartered TDI-Brooks has added a 2000-built research vessel to its fleet, which is currently on its way to kick off an offshore wind job after it had undergone a retrofit campaign. The R/V Nautilus, formerly known as Nautical Geo, is currently on its way to the U.S. East Coast to provide su

about 2 years ago
Nebula Energy buys majority stake in AG&P LNG for $300 million
Business & Finance

Nebula Energy buys majority stake in AG&P LNG for $300 million

Nebula Energy, a fully integrated investment management firm focused on LNG and CCS sectors, has acquired a majority stake in AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure. On January 31, Nebula Energy announced it is investing $300 million in AG&P

about 2 years ago
Peregrino C platfrom is part of Peregrino Phase 2 development; Credit: Ricardo Santos - Equinor
Business & Finance

SLB and Equinor come closer to fully autonomous drilling with ‘exciting milestone’ off Brazil

SLB and Equinor have made inroads in bringing fully autonomous drilling operations to life while drilling a well section off Brazil.

about 2 years ago
Saipem reports pipelayer incident offshore Australia
Business & Finance

Saipem reports pipelayer incident offshore Australia

Italian oilfield services provider Saipem has reported that an incident occurred on its pipelaying vessel during operations offshore Australia. Saipem announced that early this morning, January 30, an incident occurred on the Castorone pipelay vessel off the waters of Australia during normal pipelay

about 2 years ago