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Business & Finance

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DecommissioningFossil EnergySubseaSurveys & InterventionsBusiness Developments & ProjectsCollaborationProject & TendersMarine EnergyTidal & Wave EnergyEquipmentInnovationOutlook & StrategyResearch & DevelopmentTechnologyClean FuelGreen MarineLNGShipbuildingVesselsOil & GasRigsExploration & ProductionCablingGridOffshore WindWind FarmsHuman CapitalFPSO & VesselsAmmoniaEnergy Efficiency & InnovationOther FuelsCertification & ClassificationEnvironmentRegulation & PolicyTransitionVisionAuthorities & Government
Acteon
Business & Finance

Acteon firm gets more decommissioning work with Chevron

InterMoor, part of Acteon’s engineering, moorings and foundations division, has secured a contract extension with Chevron for a decommissioning scope in Thailand. Following the completion of Phase 1 decommissioning work in 2021 in the Gulf of Thailand, Chevron Thailand Exploration and Production (CT

about 3 years ago
Illustration/InfinityWEC design with upgraded PTO (Courtesy of Ocean Harvesting)
Business & Finance

Ocean Harvesting targets €400K to optimize wave energy device

Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of sea trials.

about 3 years ago
DSME LNG carrier
Business & Finance

DSME bags another LNG carrier deal on the back of EU approval of Hanwha takeover

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has secured a construction order for an LNG carrier from an unidentified shipowner from Oceania. The order is worth KRW 339.6 billion ($ 257 million), according to DSME’s stock exchange filing. Under the contract, DSME i

about 3 years ago
Valaris 115 jack-up rig; Source: Valaris
Business & Finance

Valaris rig on its way to kick off its gig with Shell

Valaris is preparing to start its new contract with Shell, as the rig, hired for the assignment, has embarked on its journey to Brunei.

about 3 years ago
Hild jack-up rig; Source: Keppel
Business & Finance

Another Borr Drilling rig gets new job in Latin America

Borr Drilling has secured a new contract for one of its premium jack-up drilling rigs from an undisclosed company in Latin America.

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

Petronas inks farm-out deal for oil & gas field off Sabah

Petronas has entered into a farm-out agreement (FOA) with SMJ Sdn Bhd (SMJSB), a company wholly-owned by the Sabah state government.

about 3 years ago
Prysmian resumes cable laying at first US large-scale offshore wind farm
Business & Finance

Prysmian resumes cable laying at first US large-scale offshore wind farm

Prysmian’s cable-laying barge Ulisse has resumed cable laying operations at the first U.S. large-scale offshore wind project, located off the coast of Massachusetts. According to the project’s latest mariner update, cable laying operations of the mid-section cable for the Vineyard Wind 1 project wer

about 3 years ago
Unite the union
Business & Finance

Pay dispute brings ‘unprecedented’ strike action to five major UK oil & gas operators

UK’s Unite the union has revealed a 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf (UKCS).

about 3 years ago
FPSO BW Adolo; Source: BW Energy
Business & Finance

First oil flows from development project off Gabon

BW Energy has achieved the first oil from its first well in a multi-well drilling campaign offshore Gabon.

about 3 years ago
In focus: Vessel decarbonization efforts power ahead
Business & Finance

In focus: In pressing need for GHG reduction, vessel decarbonization efforts power ahead

In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.

about 3 years ago
A photo of the Headquarters of Mercedes-Benz Group AG in Stuttgart-Untertürkheim, Germany
Business & Finance

Mercedes-Benz, Amazon, Frankfurt Airport, Lidl & Kaufland, Vodafone – Giants in Germany lining up to buy offshore wind power

With the latest news about Lidl and Kaufland entering a long-term offshore wind power offtake contract, and Mercedes-Benz announcing the same shortly prior to that, the list of big names signing up to buy offshore wind-generated electricity in Germany keeps growing. What lies behind this are both th

about 3 years ago
GTT’s membrane tech to support PipeChina’s upcoming LNG projects
Business & Finance

GTT’s membrane tech to support PipeChina’s upcoming LNG projects

French LNG containment specialist GTT and PipeChina Innovation, a subsidiary of the state-owned PipeChina Group, have signed a cooperation agreement on GTT’s membrane technology for PipeChina’s upcoming LNG projects. The agreement was signed on the occasion of the visit of French President Emmanuel

about 3 years ago
Two new facilities and vehicle electrification in Soil Machine Dynamics' five-year plan
Business & Finance

Two new facilities and vehicle electrification in Soil Machine Dynamics’ five-year plan

Subsea robotics and engineering company Soil Machine Dynamics (SMD) has revealed its plans to exceed £100 million turnover within five years, which includes the electrification of its vehicles and two new facilities. To reach the turnover goal, SMD said it has ambitious recruitment targets and plans

about 3 years ago
Illustration (Photo courtesy of UVic Photo)
Business & Finance

Canadian province invests $1.5M in tidal energy research

The government of British Columbia has provided C$2 million ($1.5 million) to the University of Victoria Pacific Regional Institute for Marine Energy Discovery (PRIMED) for research into tidal energy technologies.

about 3 years ago
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