Business & Finance
UK Govt assigns £60 million for clean shipping
The UK Government is launching a £60 million (approximately $64.7 million) clean maritime competition aimed at helping finance innovative projects that can facilitate the maritime sector to cut its greenhouse gas emissions. The announcement coincides with World Maritime Day, which this year focuses
GMS capitalises on increasing vessel demand and higher rates with another MENA deal
Gulf Marine Services (GMS) has won a new contract with an increased day rate for a large-size class vessel and a small-size class vessel.
Keppel scores $2.8 bln worth FPSO order with Petrobras
Petrobras has signed a contract with Keppel Shipyard for the construction of the P-83 FPSO for the Santos Basin pre-salt area off Brazil.
Norwegian govt tightening security around oil and gas installations
Following reports about increased drone activity, the Norwegian Government has decided to heighten emergency preparedness.
Ashtead Technology targets expanded geographical presence with latest purchase
UK-headquartered subsea technology specialist Ashtead Technology has completed the acquisition of the entire share capital of WeSubsea, a provider of subsea dredging technology solutions. According to Ashtead, the move comes as part of its commitment to expand its geographical presence and grow its
12 Gulf of Mexico platforms evacuated in response to hurricane
In response to Hurricane Ian, oil and gas operators in the U.S. Gulf of Mexico have evacuated 12 offshore platforms.
Germany and UAE reinforce energy partnership
Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. The agreement was signed by Sultan Ahmed Al J
Welsh business finds work at Morlais tidal power scheme
OBR Construction has been awarded a €2.24 million contract by Morlais main contractor to build the structures associated with the landfall substation for the Holy Island tidal energy scheme.
Kinder Morgan sells stake in Elba Island LNG facility for $565 million
North American energy infrastructure company Kinder Morgan, Inc. (KMI) has closed on the sale of 25.5% equity interest out of its membership interest in Elba Liquefication Company (ELC), a joint venture owning ten modular liquefaction units in operation at Elba Island. Kinder Morgan sold its equity
TEAMER awards over $750K to 7 marine energy projects
The US Testing Expertise and Access to Marine Energy Research (TEAMER) program has selected seven projects to receive technical support for testing marine energy technologies as part of its seventh call for applications.
New deal to take Siem OSCV to oil and gas sector
Siem Offshore has secured a new three-year contract for the offshore subsea construction vessel (OSCV) Siem Stingray with Subsea 7 as charterer. Subsea 7 will employ the vessel supporting its clients predominantly within the oil and gas sector, undertaking projects within offshore construction and i
BP hands out multi-region deal for offshore assets to UK oilfield services provider
BP has awarded a long-term deal for its offshore portfolio, to Wood, enabling the UK player to support its energy production.
Windcat Workboats orders additional hydrogen-powered CTVs
Windcat Workboats, part of Compagnie Maritime Belge (CMB), together with its joint venture partners Thomas Services Maritimes (TSM) and FSR, has ordered six hydrogen-powered crew transfer vessels (CTVs) to be built by 2024. The new order follows the launch of the world’s first hydrogen-powered CTV,
Saipem to bag nearly $1 bln from two new deals in Ivory Coast
Saipem has been awarded two new contracts in Ivory Coast worth approximately 1 billion euros (around $956 million) overall.