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Business & Finance

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Deepwater Orion drillship (for illustration purposes); Source: Transocean
Business & Finance

U.S. offshore rig count goes down a notch

The number of offshore rigs in the U.S. slipped down to 17 units this week, based on Baker Hughes’ weekly rig count report.

about 3 years ago
GasLog and GasLog Partners ink definitive merger agreement
Business & Finance

GasLog and GasLog Partners ink definitive merger agreement

International owners and operators of liquefied natural gas (LNG) carriers GasLog and GasLog Partners have entered into a definitive merger agreement. Following the offer announced in January 2023, the parties now signed the agreement pursuant to which GasLog will acquire all of the outstanding comm

about 3 years ago
ATCO and Kansai pursue development of clean fuels supply chain between Canada and Japan
Business & Finance

ATCO and Kansai pursue development of clean fuels supply chain between Canada and Japan

Canadian engineering, logistics, and energy company ATCO, through its investment in Canadian Utilities Limited, is collaborating with Japanese company Kansai Electric Power to develop an integrated clean fuels supply chain between Canada and Japan. The two companies have completed a pre-feasibility

about 3 years ago
Sparky, Damen
Business & Finance

Damen hits record revenue of €2.5 billion

Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.

about 3 years ago
Noble Invincible rig (for illustration purposes); Source: Noble
Business & Finance

International offshore rig count on the upswing

Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units.

about 3 years ago
Port of Virginia investing $18M to expand and modernize operations
Business & Finance

Port of Virginia investing $18M to expand and modernize operations

The Port of Virginia has revealed that it is investing $18 million in Virginia Inland Port (VIP) and Richmond Marine Terminal (RMT) to expand and modernize operations.

about 3 years ago
HIF and Idemitsu team up to accelerate carbon-neutral eFuels production
Business & Finance

HIF and Idemitsu team up to accelerate carbon-neutral eFuels production

eFuels company HIF Global and energy company Idemitsu Kosan have made a strategic cooperation agreement to accelerate the production of carbon-neutral eFuels. According to the companies’ statement, the cooperation will focus on the purchase of eFuels by Idemitsu from HIF eFuels facilities worldwide,

about 3 years ago
Floatel Superior; Source: Floatel
Business & Finance

Green light for Vår Energi to put Floatel unit to work at North Sea field

Norwegian regulator has given Vår Energi consent to deploy one of Floatel’s semi-submersible support vessels at a field in the North Sea.

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Norwegian oil & gas firm gets the go-ahead to spud North Sea prospect

DNO has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of the Odfjell Drilling-managed rigs.

about 3 years ago
Greek firm unveils its 'most advanced' jet-trenching vehicle
Business & Finance

Greek firm unveils its ‘most advanced’ jet-trenching vehicle

Greece-based Asso.subsea has developed what is said to be the company’s most advanced jetting remotely operated vehicle (ROV) for post-lay burial operations. The AssoJet III Mk2 is a newly built jetting vehicle for cohesionless soil, based on full in-house design. Equipped with over 1.5 MW of availa

about 3 years ago
Island Constructor vessel; Source: Island Offshore
Business & Finance

DNO ready to deploy well intervention vessel at North Sea field

DNO has received consent from Norway’s regulator to use one of Island Offshore’s mobile offshore units (MOU) for work on a field.

about 3 years ago
FPSO Firenze; Source: Eni
Business & Finance

FPSO on its way to work on Cote d’Ivoire’s ‘largest hydrocarbon discovery’

Eni has attended a sail away ceremony for an FPSO, which is destined to work on its offshore oil and gas field in Côte d’Ivoire.

about 3 years ago
Oil barrels (illustration); Source: Equinor
Business & Finance

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago
CRP Subsea wins contract for Middle East submarine HVDC project
Business & Finance

CRP Subsea wins contract for Middle East submarine HVDC project

England-based CRP Subsea, part of AIS, has secured a contract to deliver cable protection services for an HVDC submarine cable project offshore United Arab Emirates in the Arabian Gulf. More than 6 kilometers of Uraduct will be used at the cable crossings and platform approaches on the HVDC system,

about 3 years ago
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