Subsea Technology and Rentals (STR) has made an investment into new premises in Singapore, triple the size of the previous facility, as part of the goal to strengthen its presence in the APAC region. STR has moved to a larger 10,000 square feet facility, three times the size of its previous premises
DNV has awarded – what it describes as – the world-first Abate-Ready notation for a jack-up unit to the Dubai-based Vahana Marine Solutions.
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Equinor has awarded a letter of intent to KBR for the front-end engineering design (FEED) of topside facilities for the Bay Du Nord FPSO.
Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
A groundbreaking ceremony has been held in Qidong for the construction of an FPSO, destined to work for Petrobras offshore Brazil.
South Africa-headquartered aviation industry player Ultimate Aviation has completed the acquisition of North Sea-focused helicopter services provider for the oil & gas industry Offshore Helicopter Services (OHS). The acquisition is effective immediately and will see OHS continue operating under its
Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has entered into a farm-in agreement with Hartshead Resources.
W&T Offshore is the apparent high bidder on two shallow water blocks in the recent Gulf of Mexico (GOM) lease sale.
What should organisations and energy players do to prevent offshore accidents to ensure the security and stability of the energy supply?
Independent renewable power producer Qair and the Republic of Seychelles’ Public Utilities Corporation (PUC) have signed a power purchase agreement (PPA) for a 5.8MWp floating solar project, the first in the history of the Seychelles.
The UK is pivoting towards renewable and low-carbon energy in a push to strengthen energy security, says the Energy Industries Council (EIC).
Greek cable manufacturer Hellenic Cables has been selected by the European Commission to take part in delivering the Infinite project aimed at accelerating industrial-scale floating wind. The Infinite project includes the deployment and testing of a 4.8 MW floating wind pilot system at a 100-meter w
American consumers are set to be hurt and “become increasingly poorer” with the further production cuts announced by the Organization of the Petroleum Exporting Counties (OPEC+) that will lead to oil prices jumping by more than $4 a barrel, the Consumer Energy Alliance (CEA) announced. As a response
