Business & Finance
Saipem vessel coming to work on ‘one of the largest energy projects ever in Turkey’
Saipem and its pipelay vessel are preparing to begin working for Turkish oil and gas company TPAO on the giant gas development in the Black Sea.
Floatel wins extension in Brazil, assigns unit for Gulf of Mexico job
Floatel has secured a contract extension with Equinor for a unit operating off Brazil, which will later move to the Gulf of Mexico to work for Chevron.
DeepOcean sees major revenue jump following diversification moves
DeepOcean has reported a revenue of $499.4 million for 2021, an increase of 42% from the $352.5 million in 2020, said to be driven by structural changes that the company undertook to strengthen and drive its diversification strategy. DeepOcean secured an order intake of $542 million in 2021 and had
As Energean FPSO reaches Israel, Lebanon warns against any activity in disputed waters
Following the crossing of the Suez Canal last Friday, the Energean Power FPSO has arrived on location in Israel and hook-up and commissioning operations will begin immediately.
Thai giant pursues development of country’s first carbon capture and storage project
PTTEP is setting the wheels into motion to initiate the country’s first CCS project, in a push to achieve its net-zero GHG emission goals.
Equinor bites the dust in North Sea well despite ‘play opener’ expectations
Norwegian oil and gas giant Equinor has found no traces of a hydrocarbon reservoir after drilling a North Sea well off Norway.
ZTT delivers subsea cable for local 500 MW offshore wind project
ZTT Submarine Cable & System has completed the factory acceptance test and loaded out the subsea cable for the Shanwei Jiazi-One offshore wind project in China. The Chinese company was in charge of delivering 66 kilometers of 220 kV subsea cable for CGN Engineering, with installation scheduled to b
Western Gas fails to find commercial hydrocarbons in Australian well
Australia’s Western Gas has failed to find commercial hydrocarbons in its long-awaited high-impact exploration well offshore Australia.
SapuraOMV’s Australian well comes up dry
SapuraOMV has found no commercial hydrocarbons after drilling an exploration well located offshore Western Australia.
BW Offshore closes divestment of FPSO operating in Indonesia
Norway’s FPSO operator BW Offshore has completed the divestment process for one of its FPSO vessels operating off Indonesia.
In focus: G7 puts fossil fuel financing in crosshairs, commits to electricity sector decarbonization
The latest meeting of the G7 ministers for climate, energy, and environment has resulted in further commitments from the world’s most developed countries to curb the rise in global temperatures to 1.5°C and assist the countries affected the most by climate change. One of the commitments that stands
Crossing of Energean Power FPSO marks ‘first-of-its-kind in history of Suez Canal’
Energean’s new FPSO has crossed the Suez Canal while on its way from a shipyard in Singapore to waters off Israel.
French tidal energy company bags €2.5M investment
French company Sabella has collected €2.5 million through bond issue to help support its tidal energy business and activities.
OPT, Sulmara Subsea chart joint WAM-V development opportunities
US-based company Ocean Power Technologies (OPT) and subsea survey specialist Sulmara Subsea have partnered up to develop advanced uses for OPT’s WAM-V autonomous surface vehicles.