Business & Finance
Helix Alliance Decom taps US duo for plug and abandonment services
C-Innovation (C-I) and Grand Isle Shipyard (GIS) have secured a plug and abandonment contract with Helix Alliance Decom to provide pre-feed services for the decommissioning of three offshore platforms for a “major deepwater client”. In the first phase of the project, C-I provided ROV services to del
IMI champions $1.2 billion Global Maritime Fund, builds partnerships and know-how for full operations
International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to beco
As current CFO heads for the exit, Equinor picks out new one
Equinor has appointed a new CFO as its current one has decided to step down from the role to pursue a career outside the firm.
Norwegian contractor designs hull for Bay du Nord FPSO
Norway’s Salt Ship Design has designed a hull for a harsh environment FPSO, which will serve on Equinor’s Bay du Nord project in Canada.
Ports of Halifax and Hamburg forge ties on hydrogen, green energy corridor
The Halifax Port Authority and Hamburg Port Authority have joined hands on decarbonizing the shipping corridor between Halifax, on Canada’s east coast, and Hamburg, along Germany’s northwest coast. The two port authorities signed a Memorandum of Understanding in Hamburg on September 29, 2022. The Mo
FPSO for Petrobras’ revitalisation project reaches Brazilian waters
After making a few stops on the way, an FPSO vessel, destined for Petrobras’ revitalisation project, has arrived in Brazil.
4.1 GW Scottish offshore wind site soon to buzz with activity
SSE Renewables is set to soon return to the 4.1 GW Berwick Bank Wind Farm located off the east coast of Scotland to commence further geotechnical survey work. Fugro is in charge of carrying out the work and will use the 83-meter long Fugro Scout. The survey is planned to mobilize between 7 and 10 [&
PTT, AET to build two zero-emission Aframaxes
Thai state-owned oil and gas company PTT and AET, the petroleum arm of MISC, have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia. Under the agreement, AET will select a suitable shipyard and the two zero-e
Subsea 7 books four US vessels for Gulf of Mexico ops
Subsea 7 has entered into four long-term charter agreements with Otto Candies and Bordelon Marine for the deployment of Jones Act-compliant vessels in the Gulf of Mexico. The agreements cover the IRM, survey, and light construction vessels Grant Candies, Wyatt Candies and Ross Candies, under charter
UK’s Capricorn to merge with Israel’s NewMed instead of Tullow
NewMed Energy has entered into a merger agreement with Capricorn Energy, which will see Capricorn abandon its plans to combine with Tullow.
Seadrill drillship gearing up for new job in Brazil
One of Seadrill’s drillships has arrived offshore in Brazil to complete testing operations ahead of its three-year contract with Petrobras.
Sweco to carry out feasibility study for floating solar technology in Uganda
Swedish engineering consultancy Sweco has been tasked with conducting a feasibility study for floating solar technology at hydroelectric dams in Uganda and a detailed design of a pilot plant.
Wärtsilä lines up first fleet decarbonisation deal for oil & gas segment in Latin America
Wärtsilä has inked “a pioneering agreement” for decarbonisation projects in the oil and gas segment in the Americas with Brazil’s Grupo CBO.
Fourth gas leak found on Nord Stream pipeline
The Swedish Coast Guard has discovered a new gas leak on the Nord Stream pipelines that connect Russia and the European Union, representing the fourth one found this week. According to local media reports, the Swedes discovered the fourth leak on Nord Stream 2, near a larger leak discovered earlier