Business & Finance
After taking operatorship of Thai fields, PTTEP boosting output to strengthen energy security
Following its takeover of the operatorship steering wheel at fields in the Gulf of Thailand, PTTEP plans to ramp up production.
N-Sea inks deal for another vessel to improve its subsea operations
N-Sea Group has entered into an agreement with Braveheart Marine for the long-term charter of the DP2 survey vessel Braveheart Spirit. Braveheart Marine acquired the Dutch-flagged vessel late last year and converted and upgraded it to meet the latest industry standards. The 73.2-meter long vessel, f
Chinese giant brings on stream two projects in Bohai Sea
Chinese oil and gas player CNOOC Limited has kicked off production from two oilfield development projects located in the Bohai Sea off China.
Fugro goes strong in all regions at 2022 kick-off
Fugro has reported a revenue increase of 23.3% in the first quarter of 2022, said to be supported by all regions and business lines and driven by high client demand in the energy market, both renewables and oil & gas, and the infrastructure market. The total revenue in Q1 2022 was €365.4 million, co
As its order book grows, Dyna-Mac forges two new alliances
Singapore’s Dyna-Mac has secured a total of two contracts, bringing its net order book to date to S$461.1 million (about $338.7million).
Gram Car Carriers forms new unit to order next-gen multifuel vessels
Norwegian transportation company Gram Car Carriers ASA (GCC) has established Global Auto Carriers (GAC), a unit focused on next-generation multifuel vessels, to order 7,000 CEU pure car truck carriers (PCTCs) from China.
Tidewater adds 50 vessels to its fleet after taking over Singapore operator
U.S. offshore vessel operator Tidewater has completed the acquisition of Singapore’s Swire Pacific Offshore, adding 50 vessels to its fleet.
U.S. player tasks Norwegian shipping firm with managing another vessel
Remøy Shipping has secured a deal to provide management services for another one of Seacor Marine’s platform supply vessels.
Norway’s oil production in March falls but gas output grows
Even though Norway recorded a slight increase in gas production in March 2022, the oil output fell behind NPD’s predictions.
In focus: Governments around the globe embracing renewable energy revolution
The week behind us saw many nations exploring renewable energy opportunities to cope with the global energy crisis.
Pioneering Spirit removes Ninian Northern jacket from North Sea
Allseas has deployed its new jacket lifting technology for the first time to remove CNR International’s Ninian Northern jacket from the North Sea.
UK regulator draws attention to competition concerns in Noble-Maersk merger
The UK’s competition regulator has found that the merger of Noble Corp. and Maersk Drilling could increase operating costs for oil and gas producers in the UK North Sea.
BW Energy secures ‘near-perfect fit’ FPSO to unlock oil from Brazilian field
BW Energy has decided to proceed with the Maromba development project off Brazil and signed an agreement to buy an FPSO from BW Offshore.
Canadian firm brings hydrokinetic energy tech to Guyana
Canada’s Instream Energy Systems (IES) has signed a Memorandum of Understanding (MoU) with not-for-profit organisation Iwokrama International Centre for the development of hydrokinetic energy in Guyana. As part of the collaboration, Iwokrama is keen to develop and implement joint green energy initia