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Business & Finance

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Independence Hub; Source: Intermoor
Business & Finance

New job for Subsea 7 on deepwater oil project in Gulf of Mexico

Subsea 7 has secured work on a deepwater project in the U.S. Gulf of Mexico with LLOG Exploration Offshore (LLOG).

about 3 years ago
Safe Concordia; Source: Prosafe
Business & Finance

Prosafe on the lookout for new CEO as current one steps down

Prosafe has embarked on a quest to find a new CEO, as its current one decided to resign after more than six years in the role.

about 3 years ago
Cote d’Ivoire next on the list for Shearwater GeoServices
Business & Finance

Cote d’Ivoire next on the list for Shearwater GeoServices

Norway-headquartered Shearwater GeoServices has secured a contract to deliver a 4D geophysical monitor survey in Cote d’Ivoire. The project will be conducted by the 113-meter-long seismic acquisition vessel SW Empress over a period of approximately two months beginning this May. According to Shearwa

about 3 years ago
Wartsila to design and equip PSA Marine's LNG-fueled tug
Business & Finance

PSA Marine acquires 45 pct stake in Meyer’s Tugs

PSA Marine, through its wholly-owned subsidiary PSA Marine Americas, completed the acquisition of 45% stake in Meyer’s Tugs S.A. from Inversiones Maritimas CPT S.A., a wholly-owned subsidiary of CPT Empresas Maritimas S.A. “CPT and PSA Marine share a passionate belief of growing the towage service o

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business & Finance

SBM Offshore inks new deal with ExxonMobil for Guyana FPSO fleet

SBM Offshore has signed a long-term operation and maintenance enabling agreement for its Guyana FPSO fleet with ExxonMobil.

about 3 years ago
Browse to North West Shelf Project development concept; Source: Woodside
Business & Finance

Shell exiting Australia’s ‘largest untapped conventional gas resource’ project as BP boosts its stake

BP is in the process of enlarging its interest in a natural gas project offshore Australia while Shell is heading for the exit.

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

U.S. natural gas withdrawals reach lowest level in seven years

The U.S. Energy Information Administration (EIA) says less natural gas was withdrawn from storage this winter than in the last seven.

about 3 years ago
UK firm strengthens rental fleet with Webtool cutter duo
Business & Finance

UK firm strengthens rental fleet with Webtool cutter duo

UK-headquartered Subsea Technology & Rentals (STR) has strengthened its rental fleet with the addition of two high-performance Webtool cutters. The HCV275 and RCV160 cutters can be deployed at subsea level, either mounted, operated by a remotely operated vehicle (ROV), or onboard a vessel for planne

about 3 years ago
Illustration; Credit: Morten Berentsen/NPD
Business & Finance

Norway sees ‘considerable potential’ for further oil & gas exploration in Barents Sea

The Norwegian government believes that the Barents Sea contains more undiscovered hydrocarbons, thus, more exploration is encouraged.

about 3 years ago
Another Solstad vessel makes 'considerable' fuel and emission cuts
Business & Finance

Another Solstad vessel makes ‘considerable’ fuel and emission cuts

Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i

about 3 years ago
West Phoenix rig (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count maintains the status quo for two weeks in a row

The U.S. has extended its break in offshore rig count activity by keeping the total number unchanged for the second consecutive week.

about 3 years ago
Illustration (Courtesy of TEAMER Program)
Business & Finance

TEAMER opens 10th call for marine energy projects

The US Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the US Department of Energy (DOE), is now accepting applications for the tenth request for technical support (RTFS).

about 3 years ago
Armada; Source: Shell
Business & Finance

Repsol’s North Sea field secures life extension

Repsol has received consent from Norway’s offshore safety regulator for the life extension of a field in the North Sea off Norway.

about 3 years ago
'Terrible maritime chapter' closes as Fugro locates WW2 ship 81 years after sinking
Business & Finance

‘Terrible maritime chapter’ closes as Fugro locates 80-year-old WW2 shipwreck

Fugro has taken part in a mission to locate the wreck of a World War II ship 81 years after sinking, reported as one of the worst international maritime disasters in history. Fugro started the search for the Montevideo Maru transport ship on 6 April onboard the hydrographic survey vessel Fugro Equat

about 3 years ago
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