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Business & Finance

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Fossil EnergyFPSO & VesselsOil & GasBusiness Developments & ProjectsExploration & ProductionProject & TendersSubseaAnti FoulingEnergy Efficiency & InnovationGreen MarineCollaborationEnvironmentOutlook & StrategyRegulation & PolicyRules & RegulationVesselsMarine EnergyTidal & Wave EnergyAuthorities & GovernmentEquipmentInnovationMarket OutlooksTechnologyTransitionCablingDeepwater InstallationFoundationsOffshore WindWind FarmsClean FuelShipbuildingCertification & ClassificationDecommissioningPropulsionResearch & DevelopmentBiofuels
FPSO Ruby; Source: Samsung Heavy
Business & Finance

BP and Reliance achieve first gas from third deepwater field off India

Reliance Industries Limited (RIL) and BP has brought on stream the third deepwater development in block KG D6 off the east coast of India.

about 3 years ago
Saipem
Business & Finance

Saipem rakes in $1 billion for new assignments with Aramco and Petrobras

Italy’s oilfield services provider Saipem has secured new contracts, which are worth approximately $1 billion.

about 3 years ago
EPS
Business & Finance

EPS to apply GIT’s graphene-based propeller coating across its fleet

Singapore-based ship management company Eastern Pacific Shipping (EPS) revealed that it has teamed up with Canada-based coatings company Graphite Innovation & Technologies (GIT) to implement the latter’s graphene-based, biocide-free propeller coating across its fleet. EPS plans to boost the performa

about 3 years ago
Wavepiston's wave energy technology (Courtesy of Wavepiston)
Business & Finance

Wavepiston and university partners get €2M grant for wave energy project

Danish company Wavepiston and its two university partners have secured a government grant of over €2 million for a wave energy research project.

about 3 years ago
Prysmian
Business & Finance

Prysmian unveils new ‘challenging’ emission reduction targets on the road to net-zero

Prysmian Group has set new near-term and net-zero GHG emission reduction targets, which will enable it to reach its sustainability goals.

about 3 years ago
Seaway7 signs $500+ million contract for East Anglia Three offshore wind farm
Business & Finance

Seaway7 signs $500+ million contract for East Anglia Three offshore wind farm

Seaway7 has signed a contract with ScottishPower Renewables, Iberdrola’s UK arm, for the transport and installation of foundations and inter-array cables for the 1.4 GW East Anglia Three offshore wind farm. The deal is worth between $500 million and $750 million, as per Subsea7’s definition of a ver

about 3 years ago
MOL AIP PETRONAS
Business & Finance

MOL, PETRONAS & SDARI win AiPs for LCO2 carrier and FSO design

Tokyo-based shipping company Mitsui O.S.K. Lines (MOL) has won approval in principle (AiP) from classification societies Det Norsk Veritas AS (DNV) and the American Bureau of Shipping (ABS) for a liquefied CO2 (LCO2) carrier. Additionally, ABS has granted an AiP for a floating storage and offloading

about 3 years ago
Illustration; Source: BOEM
Business & Finance

US to shield taxpayers from decom costs by strengthening financial assurance for offshore oil & gas

Wheels are in motion to put better safeguards in place to protect U.S. taxpayers from being forced to pay decommissioning costs.

about 3 years ago
Annika Braren
Business & Finance

WASP draws to a close with five vessels retrofitted

The EU-Interreg North Sea Region project, known as ‘WASP: Wind Assisted Ship Propulsion,’ has concluded with the retrofitting of five commercial vessels with wind-assist systems. As part of the project, three different wind propulsion technologies were rigorously tested, with third-party validations

about 3 years ago
FPSO PTSC Lam Son; Source: Yinson
Business & Finance

Yinson FPSO staying longer in Vietnam

Malaysia’s Yinson has secured another long-term contract extension for an FPSO, which is working offshore Vietnam.

about 3 years ago
Eco Wave Power Global listed on U.S. Nasdaq (Courtesy of EWPG)
Business & Finance

Eco Wave Power outlines plans for share repurchase program

Swedish-Israeli onshore wave energy company Eco Wave Power has set out plans to launch a share repurchase program in an effort to improve its capital structure and investment value.

about 3 years ago
Yggdrasil; Source: Aker BP
Business & Finance

What will two upcoming giant oil & gas developments in the North Sea bring?

Aker BP has revealed some of the benefits that its two recently greenlighted major developments off Norway are expected to bring.

about 3 years ago
UECC
Business & Finance

UECC bunkers biofuel for 1st time on time-chartered vessel

Norwegian provider of shortsea RoRo transportation United European Car Carriers (UECC) has bunkered sustainable biofuel on a time-chartered vessel in collaboration with Dutch biofuel provider GoodFuels and vessel owner NYK. GoodFuels delivered the B30 blend, 470 tonnes of VLSFO and sustainable biofu

about 3 years ago
Berling field concept; Source: OMV
Business & Finance

Another multi-million dollar deal for TechnipFMC – this time off Norway

TechnipFMC has secured a significant iEPCI contract with OMV for a gas development project on the Norwegian Continental Shelf (NCS).

about 3 years ago
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