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Business & Finance

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Noble Innovator jack-up rig; Source: Noble Corporation
Business & Finance

Noble rig becomes ‘largest ever vessel’ to visit Aberdeen, as it gets ready for decom gig with BP

A Noble-owned jack-up rig, sporting legs more than 200 metres in height, has become “the largest ever vessel” to visit Port of Aberdeen.

about 3 years ago
AHTS Normand Turmalina; Source: Solstad Offshore
Business & Finance

Solstad bags new batch of contracts

Norwegian shipping company Solstad Offshore has secured several new contracts and contract extensions for its platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels.

about 3 years ago
Wavepiston’s wave energy technology (Courtesy of Wavepiston)
Business & Finance

Wavepiston launches €1.4 million crowdfunding campaign

Danish company Wavepiston has opened a second round of equity crowdfunding as it aims to finance the final stages of demonstration and commercialization of its wave energy technology.

about 3 years ago
Malaysian firm nets EPCI contract for project in Malaysia-Thailand joint development area
Business & Finance

EPCI contract awarded for project in Malaysia-Thailand joint development area

Malaysia Marine and Heavy Engineering (MMHE) has secured an engineering, procurement, construction and installation (EPCI) contract with Carigali-PTTEPI Operating Company (CPOC) for wellhead platforms, subsea pipelines and host tie-in works in the Gulf of Thailand. Under the contract valued at appro

about 3 years ago
DSME LNG carrier
Business & Finance

DSME nets $248 million from first LNG carrier order in 2023

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured a contract to build one liquefied natural gas (LNG) carrier which represents the shipbuilder’s first order in 2023. Under the contract worth 314.5 billion won (around $248 million), DSME will build the LNG carrier f

about 3 years ago
EURONAV
Business & Finance

Euronav comes out with its own proposal for Supervisory Board changes

Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, in line with the recent shifts in the company’s shareholder base. Namely, Famatown and its affiliated companies, controlled by shipping tycoon John Fredriksen, have built

about 3 years ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business & Finance

U.S. steps up its offshore rig count game

Baker Hughes’ weekly rig count report has revealed that the number of offshore rigs in the U.S. was on an upward trajectory last week.

about 3 years ago
Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action
Business & Finance

Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action

Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili

about 3 years ago
oil spill Orange County
Business & Finance

MSC agrees to pay settlement over California oil spill

Swiss-based container shipping major MSC Mediterranean Shipping Company has accepted a proposal to jointly fund a settlement with claimants relating to the 2021 Orange County pipeline oil spill. The oil spill resulted in the discharge of approximately 25,000 gallons of crude oil in October 2021 duri

about 3 years ago
FPSO Captain; Source: Ithaca Energy
Business & Finance

Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools

More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.

about 3 years ago
GAZ-SYSTEM’s FSRU programme gains ground
Business & Finance

GAZ-SYSTEM’s FSRU programme gains ground

GAZ-SYSTEM’s Floating Storage and Regasification Unit (FSRU) programme has made significant progress with the FSRU onshore component now holding a complete set of location decisions for a gas pipeline in Poland. According to GAZ-SYSTEM, the governor of the Kuyavian-Pomeranian Province has provided t

about 3 years ago
Hakuryu-11 jack-up rig; Source: JDC
Business & Finance

Japan’s rig owner lands new jack-up gig

Japan’s offshore drilling contractor Japan Drilling Co. (JDC) has been awarded a new deal for one of its jack-up rigs for operations offshore Thailand.

about 3 years ago
Subsea 7-DeepOcean consortium secures work with Equinor
Business & Finance

Subsea 7-DeepOcean consortium secures work with Equinor

A consortium of Subsea 7 and DeepOcean has secured two contracts with Equinor for the Irpa and Verdande field development projects located in the Norwegian Sea. The contract for the Irpa field development includes engineering, transportation and installation of a MEG pipeline, a production riser, um

about 3 years ago
GOGL
Business & Finance

GOGL splashes $291 million on scrubber-fitted sextet

Dry bulk shipping company Golden Ocean Group Limited (GOGL) has entered into an agreement to acquire six 208,000 dwt vessels equipped with exhaust gas cleaning systems (scrubbers) for a total of $291 million. GOGL said that the newly-acquired vessels will be chartered back to their former owner, the

about 3 years ago
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