Business & Finance
Driven by deepwater projects, Sub-Saharan Africa set to see a boom in gas output – Rystad
Rystad Energy expects the gas output from Sub-Saharan Africa to double by 2030, driven by the development of offshore deepwater resources.
3D at Depth secures patent for underwater structure monitoring
3D at Depth has received a new patent, Systems and Methods for Monitoring Underwater Structures, from the U.S Patent and Trademark Office. The patent’s focus is predominantly on leak detection and identifying changes to surfaces and volumes on and around underwater assets via 3D at Depth’s patented
Seadrill emerges from Chapter 11 after a year of restructuring
Seadrill has emerged from Chapter 11, a little over a year after filing for it. This was its second bankruptcy in about four years.
SMI: Industry invited to hear about UK’s refreshed shipbuilding strategy
The latest thinking of the team behind the UK’s refreshed shipbuilding strategy, which is expected to include a multi-billion pound vessel pipeline due to be built over the next 30 years, will be discussed at the annual conference held by the Society of Maritime Industries (SMI).
Subsea Europe Services gets six-figure support for autonomous survey tech
Subsea Europe Services (SES) has secured six-figure funding to accelerate autonomous survey technologies development for marine survey applications. The investment is said to boost the company’s approach which focuses on the integration of new generation smart, A.I. and machine learning-enabled hydr
50Hertz awards Ostwind 3 UXO ID and removal contract
German offshore transmission system operator (TSO) 50Hertz has contracted Heinrich Hirdes EOD Services for UXO identification and removal works for the Ostwind 3 project. The German contractor is in charge of delivering the unexploded explosive ordnance (UXO) survey, identification and removal on th
Drewry: Ocean carriers close 2021 with $190 billion profit
Ocean carriers have generated about $190 billion of annual profits and about $130 billion of fresh cash in 2021, obtained mainly by charging higher prices, maritime research consultancy Drewry said.
UK well engineering specialist sees new deal as reflection of growing confidence in North Sea
UK’s Fraser Well Management believes that its new contract demonstrates the growing confidence in the hydrocarbon potential of the North Sea.
Aiming for industry’s greenest fleet of vessels, Solstad goes on decarbonisation quest with Wärtsilä
Solstad has turned to Wärtsilä in a bid to reduce the carbon footprint of its fleet and achieve its decarbonisation ambitions by 2050.
STR makes largest iXblue investment to date
UK’s Subsea Technology & Rentals (STR) has acquired the iXblue long baseline (LBL) system Canopus, strengthening its global rental fleet. Canopus brings together intelligent transponders, Ramses transceivers, Inertial Navigation Systems (INS), and Delph Subsea positioning software. It is also a thir
All systems go for full development of Enauta’s Brazillian field including FPSO deal with Yinson
Enauta has confirmed the approval for the Atlanta field’s Full Development System and signed a firm FPSO contract with Yinson.
GES closes its 1st investment in Port of Rotterdam
Following the signing of a binding agreement in November 2021, Singapore-based storage terminals operator Global Energy Storage (GES) has closed the transaction to acquire part of the Stargate Terminal from Gunvor Group in Europoort, the Port of Rotterdam.
DOE to invest $150 million in energy transition projects
The U.S. Department of Energy (DOE) will invest $150 million in research projects focused on advancing clean energy technologies.
Ørsted investigating cable routes, landfall sites for Skipjack export line
Ørsted will start surveying potential landfall locations in Delaware for the Skipjack Wind 1 export cable this month, according to the local media, which reports the developer will survey the seafloor and coastal terrain at three locations near Bethany Beach. The developer will deploy three vessels