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Business & Finance

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Morecombe; Source: Spirit Energy
Business & Finance

Spirit Energy books AG on multi-year North Sea gig

Spirit Energy, an energy company with two shareholders consisting of Centrica (69%) and Stadtwerke München GmbH SWM (31%), has hired AG Consultancy and Apps (AG), an independent SAP consultancy, on a long-term assignment to support its assets in the North Sea.

about 6 months ago
A large vessel at sea
Business & Finance

Two Flex LNG vessels on duty until 2032 and one ship up to 2041

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has revealed a contract extension for two LNG carriers and the start of an assignment for another vessel.

about 6 months ago
Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands
Business & Finance

Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands

Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. This is said to be a preparatory first step of the microgrid project, partly funded by the Swedish Energy Agency and in close collaboration with project partners, incl

about 6 months ago
S‑92 helicopter; Source: Bristow
Business & Finance

Bristow’s helicopter pair tasked with flights across Norwegian oil & gas fields

Bristow Norway, a subsidiary of the offshore aviation services provider Bristow Group, has secured a multimillion-dollar assignment on the Norwegian Continental Shelf (NCS) for two helicopters with Norway’s state-owned energy giant Equinor.

about 6 months ago
First US subsea rock installation vessel begins sea trials
Business & Finance

First US subsea rock installation vessel begins sea trials

Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel (SRIV), owned by Texas-headquartered Great Lakes Dredge & Dock Corporation (GLDD), has begun its sea trials, with operations to start soon. GLDD ordered the vessel from Philly Shipyard, Inc. in 2021, with the first s

about 6 months ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Business & Finance

Chevron hires Hanwha Ocean for Mediterranean gas field expansion

Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, has put South Korea’s Hanwha Ocean on module fabrication duty for its planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.

about 7 months ago
Lamprell tasked with replacing 285 kilometers of subsea pipeline in India
Business & Finance

Lamprell tasked with replacing 285 kilometers of subsea pipeline in India

Offshore fabrication contractor Lamprell has been tasked by India’s state-owned energy company Oil and Natural Gas Limited (ONGC) to deliver a pipeline replacement project in Indian waters. Lamprell’s scope includes the replacement and laying of approximately 285 kilometers of subsea pipelines of va

about 7 months ago
Noble Integrator jack-up rig; Source: Noble Corporation
Business & Finance

Aker BP picks up clearance for oil & gas drilling ops with Noble rig

Norwegian authorities have given the go-ahead for production drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a rig owned by Noble Corporation, a U.S.-headquartered energy giant.

about 7 months ago
Brazilian merger to create company with 73-vessel fleet
Business & Finance

Brazilian merger to create company with 73-vessel fleet

Brazil’s offshore vessel owners OceanPact and CBO are set to combine their businesses by incorporating CBO’s holding company into OceanPact, thereby creating a firm that will have a total fleet of 73 vessels. The partners note that the business combination is a catalyst for implementing sustainable

about 7 months ago
Corinth Pipeworks to buy 100-year-old LSAW pipes facility in UK
Business & Finance

Corinth Pipeworks to buy 100-year-old LSAW pipes facility in UK

Greek Corinth Pipeworks, part of Belgium’s Cenergy Holdings, has entered into an agreement to acquire a 100-year-old longitudinal submerged arc welding (LSAW) pipe mill in the UK for a total consideration of GBP 10 million (around €11.45 million). Corinth Pipeworks UK Ltd and the joint administrator

about 7 months ago
Illustration; Source: QatarEnergy
Business & Finance

LNG production freeze pushes QatarEnergy to invoke force majeure

A liquefied natural gas (LNG) shutdown has led Qatar’s state-owned oil and gas giant QatarEnergy to issue a contractual force majeure notice to LNG buyers.

about 7 months ago
Rendering of Argentina LNG project; Source: YPF
Business & Finance

Germany’s SEFE nails down 8-year LNG offtake with South American firm

Germany’s Securing Energy for Europe (SEFE) has finalized a multi-year liquefied natural gas (LNG) supply agreement with Argentina’s Southern Energy (SESA) against the backdrop of rising energy security concerns that are looming over Europe and the globe in the wake of the U.S.-Israel military opera

about 7 months ago
Dynamic positioning technology is expected to help define a global operating model for the future of DP operations for the maritime industry. Courtesy of Kongsberg Maritime
Business & Finance

Seadrill, Kongsberg Maritime, and Hanwha set on ushering in next gen remote DP tech for offshore drilling

Three players – Seadrill, an offshore drilling contractor, Kongsberg Maritime (KM), a technology player, and Hanwha Drilling, a provider of offshore drilling services – have forged an alliance to develop the next generation of remote dynamic positioning (DP) technology to establish new standards for

about 7 months ago
S-92 helicopter; Source: CHC
Business & Finance

CHC Helicopter scores new gig at Equinor’s giant field offshore Brazil

CHC do Brazil, part of CHC Helicopter that serves as a provider of helicopter services to the offshore energy sector and search and rescue (SAR) operations, has landed a new assignment with Norway’s state-owned energy giant Equinor at a huge pre-salt field in the Santos Basin off the coast of Brazil

about 7 months ago
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