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Business & Finance - Offshore Energy

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llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)

Business & Finance

Op-ed: Harnessing the power of the seas – an expert opinion on the future of marine energy in Wales

Professor Ron Loveland, Energy Advisor to the Welsh government, has shared his expert opinion on the future of marine energy sector in Wales.

about 3 years ago

Business & Finance

75-meter research vessel joins TDI Brooks’ fleet

TDI-Brooks has added a new 75-meter-long research vessel to its fleet that is set to perform subsea services once it completes a retrofit program. Nautilus, formerly Nautical Geo, offers offshore assistance with subsea services, construction aid, exploration, production, remotely operated vehicle (R

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about 3 years ago

Business & Finance

HMM orders four multi-purpose heavy-lift ships in China

South Korea’s flagship carrier HMM has signed a new shipbuilding order with China State Shipbuilding Corporation’s subsidiary Huangpu Wenchong for four 38,000-ton multi-purpose heavy-lift ships. Designed by the Shanghai Merchant Ship Design and Research Institute (SDARI), the vessels will be equippe

about 3 years ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Business & Finance

Equinor getting ready for drilling ops with Odfjell rig

Equinor has secured a drilling permit from the country’s authorities for two wells in the Norwegian Sea.

about 3 years ago

Business & Finance

Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?

The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ

about 3 years ago

Sustainable Marine's PLAT-I floating tidal energy platform in Nova Scotia (Courtesy of Sustainable Marine)

Business & Finance

Sustainable Marine Energy sinks into administration

The Edinburgh-based tidal energy company Sustainable Marine Energy has been placed into administration, appointing joint administrators of accountancy and business advisory firm Johnston Carmichael to lead the process.

about 3 years ago

Saipem 7000 semi-submersible crane vessel; Source: Saipem

Business & Finance

Saipem scoops up $1 billion for work on natural gas project off Africa

Saipem has got its hands on a new contract – worth approximately $1 billion – for the development of a gas project off Libya.

about 3 years ago

Business & Finance

Subsea upgrade on the agenda for Equinor’s Norwegian Sea duo

Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac

about 3 years ago

Business & Finance

Deutsche ReGas: Mukran LNG capacity fully booked

Germany’s Deutsche ReGas has completed the procedure for the allocation of long-term regasification capacity for the planned floating LNG terminal in the port of Mukran. The company said the procedure was completed on 7 August and the offered capacity of 4 billion cubic meters (bcm) for a period of

about 3 years ago

Business & Finance

Two FPSOs still on track for first oil by year-end

SBM Offshore has put its back into several FPSO projects while two of these are still scheduled to achieve the first oil by the end of 2023.

about 3 years ago

Business & Finance

FET targets better presence in Brazil with appointment of local partner

Subsea technology provider Forum Energy Technologies (FET) has appointed a Brazilian company to represent its subsea operations in this South American country. FET reported earlier in August that it had established a partnership with UnderOcean Servicos Maritimos under which the Brazilian company wi

about 3 years ago

Business & Finance

Prosafe vessel kicks off its Gulf of Mexico assignment

Prosafe has revealed that one of its semi-submersible vessels started its new contract with an undisclosed company in the U.S. Gulf of Mexico.

about 3 years ago

Business & Finance

British National Gas picks Wood to design future grid

Britain’s National Gas has appointed Wood to digitally upgrade 7,600 kilometers of essential pipelines, compressor stations and terminal infrastructure as part of its commitment to the energy transition. Through a five-year framework agreement, Wood said it will apply digital solutions to transform

about 3 years ago

Business & Finance

Titan converts newly acquired ships to LNG-bunkering vessels

Dutch bunker supplier Titan has completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into state-of-the-art LNG bunker vessels. The company bought the two ships at the beginning of 2023 from Canadian gas transportation company Seapeak for bunkering retrofit. Titan

about 3 years ago