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Business & Finance

ADNOC partners with French firm to design unmanned supply vessels

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi-based oil company ADNOC, has signed an agreement with France’s SeaOwl for the design of unmanned remotely operated vessels (ROVs) capable of transporting vehicles, equipment and supplies to and from offs

about 3 years ago

Business & Finance

German Govt clears Cosco’s investment in HHLA’s CTT

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The German government has approved the 24.9 percent minority shareholding of the Chinese company COSCO Shipping Ports Limited (CSPL) in Container Terminal Tollerort (CTT), a subsidiary of Hamburger Hafen und Logistik AG (HHLA). HHLA is one of the largest port operators in Europe and has a strong pre

about 3 years ago

Subsea 7 lands two-phase subsea development job

Business & Finance

Subsea 7 reveals ‘major’ mystery win

Subsea 7 has secured what it describes as a “major” contract for a two-phase subsea development. The initial scope of work to be executed comprises the engineering, procurement, construction, and installation (EPCI) of approximately 37 kilometers of infield flowlines, 47 kilometers of control umbili

about 3 years ago

Business & Finance

MISC’s petroleum arm AET gets new leadership

MISC Berhad, the Malaysian shipping company, has announced the appointment of Zahid Osman as the new President and CEO of its Singapore-based petroleum logistics unit AET, effective from June 1, 2023. This change in leadership aims to prioritize continuity and drive the organization’s long-term succ

about 3 years ago

Dyna-Mac's yard in Singapore; Source: Dyna-Mac

Business & Finance

New batch of deals for Dyna-Mac entail order to build FPSO topside modules

Dyna-Mac has secured several new contracts with existing customers, bringing its net order book to date to S$608.1 million.

about 3 years ago

Nauticus gets $2.7 million funding to advance Aquanat-derived subsea platform

Business & Finance

Nauticus gets $2.7 million for development of Aquanaut-derived subsea platform

Houston-based Nauticus Robotics has secured an additional $2.7 million under its current contract with Leidos to advance the development of the Aquanaut-derived subsea platform. The subsea platform, an unmanned underwater vehicle (UUV), has advanced artificial intelligence and sensing capabilities a

about 3 years ago

Business & Finance

Ports of Rotterdam and Pecém bolster green hydrogen ties

A new partnership to strengthen bilateral cooperation between the Netherlands and Brazil in port-related energy projects, such as offshore wind energy and green hydrogen production, has been formed. Specifically, 27 parties operating in the ports of Rotterdam and Brazil’s Pecém signed a cooperation

about 3 years ago

Business & Finance

RGU wins $1.5 million to establish hydrogen testing facility in Scotland

Robert Gordon University (RGU) has been awarded £1.2 million ($1.5m) of funding by the Scottish Government to establish a hydrogen testing facility at the National Subsea Centre (NSC) in Aberdeen. According to RGU, the funding comes as part of the Hydrogen Innovation Scheme, a £7 million ($8.8m) cap

about 3 years ago

Business & Finance

Oil & gas reinforces Australia’s budget surplus while throwing support behind net-zero agenda

The oil and gas industry has helped underpin the latest Western Australian (WA) budget surplus while backing net-zero measures.

about 3 years ago

The signing of Solar Energy Operating Contracts (SEOCs) in the Philippines (Courtesy of Blueleaf Energy)

Business & Finance

Philippine government awards contracts for world’s largest floating solar project

Blueleaf Energy and SunAsia Energy have secured contracts from the Philippine government to build and operate the world’s largest floating solar project in the Philippines, which has a cumulative capacity of 610.5MW.

about 3 years ago

Business & Finance

Decision time: To challenge or not first rig arbitration case ruling in favour of Keppel shipyard

Awilco Drilling has made up its mind about a potential appeal of the arbitration tribunal ruling in the first arbitration case.

about 3 years ago

Business & Finance

Tugboat turmoil: Svitzer tugs seized in Russia amid divestment struggles

Four tugs owned by Maersk affiliate Svitzer have been seized in Russia. The seizure comes as Maersk attempts to divest its towage activities and exit the Russian market entirely following Russia’s invasion of Ukraine and a wave of sanctions against the country that followed. The divestment process f

about 3 years ago

Preferred tie-in point of Anning and Somerville fields to Shell’s infrastructure (Corvette and Leman-A platforms); Source: Hartshead

Business & Finance

UK player adds more North Sea assets to its oil & gas portfolio

Viaro’s RockRose has wrapped up a farm-in agreement with Hartshead Resources for a stake in the Southern North Sea redevelopment project.

about 3 years ago

Business & Finance

Skarv Shipping gets financial boost for ammonia-fueled bulker trio

Skarv Shipping Solutions, a joint venture between Grieg Edge and Peak Group AS, has received NOK 130 million ($12.3. million) in funding from Enova for the construction of three ammonia-powered short-sea bulk carriers.

about 3 years ago