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Business & Finance

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Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

Saipem loses drillship deal to higher bidder

Norwegian drillship owner Deep Value Driller has decided to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling after having received a higher bid, cancelling the recently announced sale agreement with Italy’s engineering, drilling, and construction services giant Saipem. I

about 7 months ago
Illustration: Odfjell Technology
Business & Finance

Odfjell Technology buying majority stake in lightweight intervention and P&A businesses

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UK-headquartered Odfjell Technology, a spin-off of Odfjell Drilling, has entered into agreements to acquire a majority stake in two businesses supporting lightweight intervention and plug and abandonment (P&A). Odfjell Technology will acquire a 70% ownership stake in Kaseum Holdings Limited and Razo

about 7 months ago
‘World-first’ as ammonia-fuelled two-stroke engine passes quality assurance
Business & Finance

‘World-first’ as ammonia-fuelled two-stroke engine passes quality assurance

Swiss marine power company WinGD has completed what it says is the world’s first type approval (TAT) and factory acceptance testing (FAT) for an ammonia-fuelled two-stroke marine engine. Both TAT and FAT programs were completed last month, with testing of the X52DF-A-1.0 engine carried out at the HD

about 7 months ago
Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy
Business & Finance

Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy

A joint venture (JV) of Technip Energies, as the leader, Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC) has secured an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project,

about 7 months ago
Worley hops on board Denmark’s national hydrogen transmission network
Business & Finance

Worley hops on board Denmark’s national hydrogen transmission network

Australia’s engineering player Worley has secured an engineering, procurement and construction management (EPCM) services contract with Danish national transmission system operator (TSO) Energinet for the country’s national hydrogen transmission network that will link large-scale green hydrogen prod

about 7 months ago
Kosmos Energy completes sale of production assets in Equatorial Guinea to Panoro; Source: Kosmos Energy via LinkedIn
Business & Finance

Panoro buying Kosmos Energy’s production assets off Equatorial Guinea for up to $219.5M

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has agreed to sell its 40.375% non-operating working interest in production assets offshore Equatorial Guinea to UK-headquartered independent E&P company Panoro Energy for up to $219.5 million. Panoro Energy is set to ac

about 7 months ago
Kongsberg Maritime equipment ordered for South Korean cable laying vessel
Business & Finance

Kongsberg Maritime equipment ordered for South Korean cable laying vessel

Norway’s Kongsberg Maritime has been appointed to deliver an integrated technology package for what is said to be South Korea’s first specialized HVDC installation vessel, being built in Türkiye. South Korean subsea cable installation company LS Marine Solution signed a contract with Türkiye’s Tersa

about 7 months ago
NAGA 8; Source: Velesto
Business & Finance

No break for Velesto rig as it uses suspension period to work for Jadestone Energy

Velesto Drilling, a wholly-owned subsidiary of Malaysia’s Velesto Energy, has secured a $16.5 million contract with the Malaysian unit of Singapore’s Jadestone Energy for the provision of a jack-up drilling rig. The contract will see the NAGA 8 rig support infill drilling activities at the East Belu

about 7 months ago
Dutch wave energy device all good during first night at sea
Business & Finance

Dutch wave energy device all good during first night at sea

A wave energy converter (WEC) developed by Wave Energy Collective (Weco) has spent its first night in the North Sea, with the Hague-based company confirming that everything worked as expected. Weco reported that its Kaizen 2.0 WEC had been deployed with an improved installation procedure and exposed

about 7 months ago
Four companies jointly bid to develop Britain’s first hydrogen network in the Humber
Business & Finance

Four companies jointly bid to develop Britain’s first hydrogen network in the Humber

National Gas, Centrica, Equinor and SSE Thermal have launched a coordinated bid to develop Great Britain’s first regional hydrogen transport and storage network in the Humber. Together as Humber Hydrogen, the partners are looking to develop a network that would connect projects across Yorkshire and

about 7 months ago
‘First-ever’ remote operated landing crafts to be built in Malaysia
Business & Finance

‘First-ever’ remote operated landing crafts to be built in Malaysia

Malaysia-headquartered offshore support vessel (OSV) provider Nam Cheong has been awarded shipbuilding contracts, valued at $64.5 million, for two dive support vessels (DSVs) and two remote operated landing crafts (ROLCs) by a UAE-based maritime logistics company, marking its first newbuild contract

about 7 months ago
Technip Energies, JGC and SHI chosen to progress Mozambique’s second FLNG project
Business & Finance

Technip Energies, JGC and SHI chosen to progress Mozambique’s second FLNG project

A partnership of Technip Energies, JGC and Samsung Heavy Industries (SHI) has secured a contract with Mozambique Rovuma Venture (MRV), an Eni-participated joint venture (JV), to progress work on Mozambique’s second floating liquefied natural gas (FLNG) facility. The contract, defined as significant,

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

Saipem’s agreement with Aramco takes it to ‘one of world’s largest offshore oil fields’

Italy’s Saipem has secured a new offshore contract in Saudi Arabia worth approximately $500 million under its existing long-term agreement with the country’s energy heavyweight Aramco. Under the contract release purchase order (CRPO), Saipem’s scope of work includes the engineering, procurement, con

about 7 months ago
Wärtsilä equipment ordered for China-built LNG bunkering vessel duo
Business & Finance

Wärtsilä equipment ordered for China-built LNG bunkering vessel duo

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been appointed to supply its cargo handling and fuel gas supply systems for two LNG bunkering vessels that are under construction in China. The vessels have a capacity of 20,000 m3 and are currently being built at the Zhejiang XinLe Ship

about 7 months ago