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Business & Finance

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Deepwater Atlas drillship; Source: Transocean (video)
Business & Finance

With largest annual backlog since before 2014 woes hit industry, Transocean envisages ‘multi-year upcycle’

Transocean is anticipating further growth in rig demand over the coming years, which will bring higher day rates and fleet utilisation.

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Business & Finance

Equinor tasked with tackling five improvement points at Johan Sverdrup

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified improvement points will be sorted out.

about 3 years ago
Illustration for the PacWave test site (Courtesy of Oregon State University)
Business & Finance

Nexans reels in contract to wire landmark US wave energy test site

Nexans has secured a contract to provide subsea cables for the PacWave South site, the United States’ first grid-connected wave energy test facility located offshore Oregon.

about 3 years ago
UK government grants £3.8m for world’s first liquid hydrogen autonomous vessel and infrastructure project
Business & Finance

UK government grants £3.8m for world’s first liquid hydrogen autonomous vessel and infrastructure project

The Hydrogen Innovation – Future Infrastructure & Vessel Evaluation and Demonstration (HI-FIVED) consortium led by vessel provider ACUA Ocean in partnership with infrastructure provider Unitrove has won a £3.8 million UK government grant to build and showcase its innovative autonomous vessel and bun

about 3 years ago
Fugro's remote operations center in Canada opens for business
Business & Finance

Fugro’s remote operations center in Canada opens for business

Fugro has opened a new remote operations center (ROC) in St. John’s, Canada, which will be used for controlling offshore survey operations. According to Fugro, the St. John’s ROC will serve offshore energy and other marine-based clients whose work in Canada often involves harsh operating conditions

about 3 years ago
Illustration/The demonstration of Wavepiston's wave energy system (Courtesy of Wavepiston)
Business & Finance

Danish wave energy company reaches crowdfunding target in only one week

Danish company Wavepiston has opened its crowdfunding campaign for overfunding after reaching the initial target of €1.4 million in only one week after the launch of the campaign.

about 3 years ago
New assignment takes DOF vessel to Brazil
Business & Finance

New assignment takes DOF vessel to Brazil

DOF Subsea Brasil has secured a contract for the charter of its research and survey vessel (RSV) Geoholm in Brazil.

about 3 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

FPSO working off Brazil undergoing preventive maintenance

Enauta has revealed that an FPSO, carrying out operations on a field offshore Brazil, has embarked on preventive maintenance activities.

about 3 years ago
SK Materials and ExxonMobil team up for blue ammonia
Business & Finance

SK Materials and ExxonMobil team up for blue ammonia

SK Holdings Materials, a South Korea-based company specialising in material technology, has signed an agreement with ExxonMobil, a US energy and petrochemical company, with the main aim of introducing blue ammonia to SK Materials in Korea. The company noted that ExxonMobil plans to build a facility

about 3 years ago
Felicity Ace
Business & Finance

World’s biggest maritime cargo carriers join Safetytech accelerator

Some of the world’s biggest maritime cargo carriers are joining forces with the world’s first industrial safety technology accelerator to launch an innovation initiative to reduce cargo loss at sea. The companies joining the accelerator are Evergreen Line, HMM, Maersk, the Offen Group, Ocean Network

about 3 years ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

TotalEnergies embarking on multi-well drilling campaign offshore Namibia

TotalEnergies is in the process of starting a multi-well appraisal and exploration drilling programme offshore Namibia.

about 3 years ago
Subsea cables for Mexican oil & gas field ordered from China
Business & Finance

Subsea cable for Mexican oil & gas field ordered from China

Chinese subsea cable manufacturer ZTT Submarine Cable & System has secured a cable design and supply contract with Hokchi Energy, the Mexican subsidiary of Pan American Energy, for a field located in the Gulf of Mexico. The contract covers the design, supply, delivery, and testing of 33.3 kilometers

about 3 years ago
RWE’s Eemshaven facility; Source: Neptune Energy
Business & Finance

New cross-border carbon storage project to explore potential for ship transport and industrial clusters across Europe

Neptune and CapeOmega have announced a project concept for a cross-border CO₂ storage development for industrial emitters across Europe.

about 3 years ago
Scana company scores contract with ‘international subsea’ firm
Business & Finance

Scana company scores contract with ‘international subsea’ firm

Scana-owned PSW Technology has entered into an agreement with an undisclosed international subsea customer for deep-water blowout preventer (BOP) stack services.

about 3 years ago
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