Business & Finance
High subsea activity lifts DOF’s figures up
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase f
Enauta shuts down production from Brazilian well ahead of drilling campaign
Enauta has interrupted production from a well located on a field offshore Brazil ahead of the original schedule.
C-Innovation takes light construction vessels to Gulf of Mexico
C-Innovation (C-I) has signed a multi-year contract with a “major operator” in the Gulf of Mexico for the New Well Delivery Program and inspection, repair and maintenance (IRM) services. Two light construction vessels will be deployed, with C-Constructor supporting the New Well Delivery Program and
With no regulatory approval in sight, Jadestone pulls out of oil project acquisition off New Zealand
Jadestone Energy has decided to terminate the deal to acquire operatorship and interest in an oil field project located offshore New Zealand.
Grimaldi books construction of five ammonia-ready car carriers
The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. The agreement foresees an option for additional five units, for a total i
Energean produces first gas from Karish field off Israel
Oil and gas company Energean has confirmed that the first gas has been delivered at its operated Karish field, located offshore Israel.
German govt gives conditional nod to COSCO’s minority stake in HHLA container terminal
The German government approved the acquisition of a minority stake in HHLA Container Terminal Tollerort (CTT) by the Chinese company COSCO Shipping Ports Limited (CSPL), Hamburger Hafen und Logistik confirmed earlier today. The approval is subject to conditions, which include a limitation of the sha
Saudi giant unveils $1.5 bln fund to support ‘stable and inclusive’ energy transition
Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.
SodaFlexx treats scrubber emissions from ships with baking soda
London-based equipment innovator SodaFlexx has developed a concept to treat exhaust gas emissions from ships with sodium bicarbonate powder, also known as baking soda. As of 1 January 2020, the IMO Sulphur Cap entered into force limiting the use of sulphur in fuel oil used on board ships operating o
ExxonMobil adds two more Guyana discoveries to its portfolio
ExxonMobil has made two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana.
More time for Eidesvik PSV with Wintershall Dea
Eidesvik Offshore has secured a contract extension for one of its platform supply vessels (PSVs) with Wintershall Dea.
DeepOcean charters 85-meter multi-purpose support vessel
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR
ABL Group takes over well control specialist’s UK business
Energy and marine consultancy ABL Group has acquired the operations of a well control equipment specialist, HOSE International.
Port of Amsterdam, partners push ahead with plans for large-scale hydrogen import facilities
The Port of Amsterdam has signed a Memorandum of Understanding (MoU) with tank storage company Evos and liquid organic hydrogen carriers (LOHC) pioneer Hydrogenious to develop large-scale import facilities for hydrogen at the port of Amsterdam. The facilities will comprise a LOHC dehydrogenation pla