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Business & Finance

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ABL Group
Business & Finance

Two firms pool resources to secure top spot in rig inspection market

ABL’s Rig Inspection division and Integrity HSE have forged a strategic alliance in a bid to expand their suite of offerings and services.

about 2 years ago
FLNG Gimi destined for BP's Greater Tortue Ahmeyim (GTA) project; Source: Golar LNG
Business & Finance

FLNG’s arrival marks ‘major’ step toward first gas from BP’s giant project

BP has welcomed the arrival of an FLNG unit destined for its Greater Tortue Ahmeyim (GTA) LNG project off the coasts of Mauritania and Senegal.

about 2 years ago
DeepOcean buys Norwegian firm to grow subsea offering
Business & Finance

Acquisition of Norwegian company next move in DeepOcean’s effort to grow subsea offering

A couple of days after news about a charter of a converted, battery-powered vessel to boost its subsea offering, DeepOcean announced it was acquiring digital transformation company Btwn AS as part of its ambition to grow its offering within digitalization and automation of subsea operations. Btwn –

about 2 years ago
Pacific Basin
Business & Finance

Pacific Basin forms new committee to drive sustainability agenda

Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping Limited has established a dedicated board-level Sustainability Committee to better align its business strategy to sustainability targets.

about 2 years ago
Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia
Business & Finance

Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia

The consortium of TGS, PGS and SLB has secured pre-funding to expand multi-client seismic data coverage in the Sabah Basin offshore Malaysia. The seventh phase of this multi-year project encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic dat

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Business & Finance

Equinor comes up dry in North Sea well

Equinor has drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry.

about 2 years ago
FPSO Armada Sterling V; Source: Shapoorji Pallonji Energy (SP Energy)
Business & Finance

SP Energy confirms first oil from FPSO deployed at deepwater project off India

SP Energy is enthusiastic about the first oil from an FPSO vessel, which is working for Oil & Natural Gas Corporation (ONGC).

about 2 years ago
Illustration; Source: American Petroleum Institute (API)
Business & Finance

API: America’s energy plan needs to rest on three ‘core’ pillars

API has highlighted three main aspects of a long-term energy plan for the U.S. to ensure its ability to keep the lights on.

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

Azule Energy’s digital steps to speed up four oil projects enable FutureOn’s first foray into West Africa

To step up the development of four oil projects, Azule Energy has set its cap on using FutureOn’s digital design and visualization platform.

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Third Brazilian well comes back on stream

Brazilian oil and gas player Enauta has restarted production from another well at a field offshore Brazil.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

Türkiye’s new energy efficiency roadmap envisions $20 billion investment by 2030

Türkiye is pulling out all the stops to fortify its energy security, including new energy efficiency roadmap and action plan.

about 2 years ago
Discriminating hydrogen colors will not get us any further
Business & Finance

Discriminating against hydrogen colors will not get us any further

Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg

about 2 years ago
With new investment and leadership, Nauticus Robotics charts its path
Business & Finance

With new investment and leadership, Nauticus Robotics charts its path

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has secured an investment before the close of 2023 said to have eliminated many of the dilutive warrants and ratchet provisions of the original de-SPAC financing in the process. The new investment is the first t

about 2 years ago
'Substantial contract' win for CRP Subsea at Brazilian oil field
Business & Finance

‘Substantial contract’ win for CRP Subsea at Brazilian oil field

CRP Subsea, part of AIS, has secured what it says is a “substantial contract” to deliver distributed buoyancy modules (DBMs) to an oil field project offshore Brazil. CRP Subsea said the contract was awarded by a “leading energy technology company” for a deepwater oil field project situated in the pr

about 2 years ago
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