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Business & Finance

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Green MarineShipbuildingBusiness Developments & ProjectsMarket OutlooksOutlook & StrategyVesselsFossil EnergyOil & GasProject & TendersRigsExploration & ProductionDecommissioningClean FuelLNGInfrastructureFPSO & VesselsLow-Carbon TransitionOffshore WindSubseaVessels & VehiclesEnvironmentTransitionLiquefied Natural GasAlternative FuelsOther FuelsCarbon Capture Usage & StorageCollaboration
Hanwha Ocean
Business & Finance

Hanwha Ocean denies exit from container shipping sector

South Korea’s shipbuilding major Hanwha Ocean, formerly known as Daewoo Shipbuilding, has denied recent media rumors and reports suggesting its exit from the container shipping sector. The Korean media had reported that Hanwha Ocean might discontinue the construction of container ships due to financ

about 2 years ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP knocks on Wood’s door for topside modifications in North Sea

BP has hand-picked Wood for the delivery of topside modifications in support of the oil major’s latest subsea tieback in the UK North Sea.

about 2 years ago
Diamond's Ocean Courage; Source: Sembcorp Marine
Business & Finance

Diamond Offshore rig kicks off its four-year gig with Petrobras

Diamond Offshore has confirmed the start of a new assignment for one of its semi-submersible rigs, which is working for Petrobras offshore Brazil.

about 2 years ago
Deepsea Mira (former West Mira) semi-sub rig; Credit: Seadrill
Business & Finance

TotalEnergies boosts its stake in Namibian oil discovery with acquisition of more interests in two offshore blocks

TotalEnergies has inked an agreement with Impact Oil and Gas Namibia to get its hands on additional interests in two blocks located offshore Namibia.

about 2 years ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Semi-sub rig finds ‘significant’ oil discovery offshore Namibia

Galp has confirmed a light oil discovery in a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries.

about 2 years ago
Valaris DS-4 drillship; Source: Valaris
Business & Finance

Valaris drillships and jack-ups scoop up over $1 billion for new rig deals

Valaris has tucked $1.14 billion under its belt, thanks to multiple new contracts and extensions for its drillships and jack-up rigs in Brazil, the U.S. Gulf of Mexico, the UK North Sea, Trinidad, and Australia.

about 2 years ago
Noble Resilient jack-up rig; Source: Noble Corporation
Business & Finance

Noble jack-up rig finds more work in North Sea

Noble Corporation has secured a new assignment for one of its harsh environment jack-up rigs with Wintershall Noordzee.

about 2 years ago
Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move
Business & Finance

Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move

Qatari LNG shipping operator Nakilat has placed orders at South Korean Hyundai Samho Heavy Industries (HSHI) for the construction of six vessels – two LNG carriers and four very large LPG/ammonia carriers – as part of its strategic shipping expansion. The order was revealed on January 9, 2024. It in

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling mulling over proposed payment plan for rig job in Nigeria

Dolphin Drilling is pondering over a proposed payment plan, which has been received from General Hydrocarbons Limited (GHL) for the work one of its semi-submersible rigs is undertaking in Nigeria.

about 2 years ago
DeepOcean charters converted battery-powered vessel to boost subsea offering
Business & Finance

DeepOcean charters converted battery-powered vessel to boost subsea offering

Norway’s DeepOcean is set to charter a converted, battery-powered offshore support vessel from shipowner Island Offshore to further enhance its subsea offering to the offshore renewables and oil & gas industries. DeepOcean has entered into a long-time charter agreement with Island Offshore for the I

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business & Finance

EnergyQuest: What’s in store for Australia’s gas industry?

EnergyQuest has provided its take on Australia’s gas outlook, shedding more light on what awaits the country in the future.

about 2 years ago
Gasum to buy renewable e-methane from Nordic Ren-Gas for customers in road and maritime transport
Business & Finance

Gasum to buy renewable e-methane from Nordic Ren-Gas for customers in road and maritime transport

Finnish state-owned energy company Gasum has signed an e-methane offtake agreement with Nordic Ren-Gas. The purchased e-methane will be delivered to customers in the road and maritime transport sectors. Under the long-term agreement, Gasum will buy all of the e-methane to be produced by Nordic Ren-G

about 2 years ago
China's first FSRU Transgas Power had its naming ceremony
Business & Finance

Energos Infrastructure acquires Dynagas FSRU duo on charter in Germany

Marine LNG infrastructure company Energos Infrastructure, majority-controlled by Apollo-managed funds and minority shareholder New Fortress Energy (NFE), has completed the acquisition of two floating storage and regasification units (FSRUs) from affiliates of Dynagas, an LNG maritime transportation

about 2 years ago
French-Dutch deal targets CCUS
Business & Finance

French-Dutch cooperation targets CCUS

France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implem

about 2 years ago
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