Business & Finance
Hapag-Lloyd splashes $1 billion on SAAM’s port terminals & logistics business
German liner shipping company Hapag-Lloyd has signed a binding agreement with Chilean operator of port, towage and logistics services Sociedad Matriz SAAM for the acquisition of 100% of shares of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics business. The trans
Sembcorp Marine lands FPSO order with Petrobras
Brazil’s Petrobras has signed a contract with Sembcorp Marine for the construction an FPSO for operations on the Búzios field offshore Brazil.
Argeo inks five-year bareboat contract for 2001-built vessel
Argeo has entered into a five-year bareboat contract for Argeo Searcher, with an option to purchase the vessel for $2 million after 12 months and $1 million after 27 months. Argeo Searcher, formerly known as Ocean Pearl, will operate in the North and South America (NSA) and West Africa (WA) energy m
Prysmian begins cable production for first UK-Germany energy link
Prysmian has begun the production of over 725 kilometers of cabling for the NeuConnect interconnector that will link the UK and Germany for the first time, three months after the project reached financial close. Prysmian won a contract earlier this year to design, manufacture, install, test and comm
Tyra module installation breaks world record as ‘heaviest crane lift ever undertaken at sea’
Heerema Marine Contractors’ Sleipnir has completed an offshore lift of the Tyra II process module for TotalEnergies’ Tyra redevelopment project in the Danish North Sea.
Shearwater to deliver next-gen dual ROV seismic vessel
Shearwater GeoServices is set to deliver the next-generation deepwater dual ROV ocean bottom node (OBN) deployment vessel to the industry. The vessel, under Shearwater ownership and management, is expected to be available to clients early in the second quarter of 2023 following the conversion of the
Helicopter operator wins new North Sea deal with Neptune
Neptune Energy has awarded a contract to CHC Helicopters for offshore transport services in the Dutch sector of the North Sea.
Valaris strikes deals with total backlog of $95 million
Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.
DEME places order for sustainable fallpipe vessel
DEME has taken the decision to invest in a new DP fallpipe vessel by purchasing and converting a bulk carrier, as part of its commitment to rejuvenate its fleet for the offshore energy industry. DEME has signed an agreement with Singapore’s Pax Ocean Shipyards and the vessel will enter the yard in l
Rig kicks off drilling ops offshore South Africa
Eco (Atlantic) Oil & Gas has started drilling an exploration well on Block 2B offshore South Africa, using an Island Drilling-owned rig.
Eco Wave Power’s net income grows amid currency fluctuations
Swedish-Israeli wave energy company Eco Wave Power has released financial results for the first half of 2022, marking a significant rise in net financial income due to foreign exchange differences.
Navigator Holdings ties up ethylene quintet in new JV with Greater Bay Gas
Navigator Holdings Ltd., owner and operator of handysize liquefied gas carriers, has entered into a joint venture agreement with Hong Kong-based Greater Bay Gas. The joint venture, owned 60% by Navigator and 40% by Greater Bay Gas, intends to acquire a total of five ethylene vessels over the next fi
Sval Energi closes Equinor and Suncor deals worth $1.3 bln
Sval Energi has expanded its portfolio by completing the previously announced acquisition deals with Equinor and Suncor Energy.
SIMEC Atlantis cuts financial losses despite MeyGen tidal power outages
SIMEC Atlantis Energy has decreased the overall financial loss for the first six months of fiscal 2022, despite the results having been adversely impacted by the service outages at the MeyGen tidal energy project.