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Business & FinanceBusiness Developments & ProjectsVesselsExploration & ProductionMarket OutlooksOutlook & StrategyInfrastructureProject & TendersInnovationTechnologyTransitionRegulation & PolicyVisionAuthorities & Government
FPSO Cidade de Niteroi MV18; Source: MODEC
Business & Finance

MODEC’s FPSO reaches recycling yard after finishing Brazilian assignment

Japan’s MODEC has confirmed the arrival of a floating production, storage, and offloading (FPSO) vessel at a ship recycling facility in Denmark, following the completion of the unit’s work at an oil field off the coast of Brazil.

27 days ago
Prelude FLNG; Source: Shell
Business & Finance

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

27 days ago
‘World’s largest’ vertical continuous vulcanization tower under construction in US
Business & Finance

‘World’s largest’ vertical continuous vulcanization tower under construction in US

LS GreenLink, the U.S. subsidiary of South Korean LS Cable & System, has started the construction of a 201-meter vertical continuous vulcanization (VCV) tower for cable insulation at its high-voltage direct current (HVDC) subsea cable factory in Virginia. The construction of the factory started in A

27 days ago
Trion development concept; Source: Woodside
Business & Finance

SBM Offshore puts $465 million financing in place for Gulf of Mexico-destined FSO

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has secured multimillion-dollar financing for a newbuild floating storage and offloading (FSO) unit, which will be deployed at a deepwater oil project off the coast of

27 days ago
Eni and BP order Vallourec’s pipe for Angolan waters
Business & Finance

Eni and BP order Vallourec’s pipe for Angolan waters

French provider of tubular solutions Vallourec has won a contract with Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, to deliver pipes for an ultra-deepwater development in Angola. Vallourec will supply over 26,000 tons of seamless carbon steel line pipes, representing approximat

27 days ago
Sabratha platform; Source: Mellitah Oil & Gas
Business & Finance

Gas boost offshore Libya as Eni and NOC’s project comes online

Mellitah Oil & Gas, a joint venture (JV) between Italy’s energy giant Eni and the Libyan National Oil Corporation (NOC), has fortified Libya’s gas production with the start-up of an offshore compression project.

28 days ago
PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment
Business & Finance

PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment

The first of three power take-off (PTO) modules for Carnegie Clean Energy’s CETO wave energy converter (WEC) has been delivered to SKF’s manufacturing facility in Germany, where final PTO assembly works are being carried out, before ocean deployment set for October. CETO is a fully submerged, point

28 days ago
Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore places order for 13th multi-purpose floater hull to bolster its FPSO fleet

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has signed off on the construction of its seventh generic Fast4Ward multi-purpose floater (MPF7) hull with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuildin

28 days ago
Atlantic Zonda drillship; Source: Pelago Management
Business & Finance

Vantage and Eldorado merger births ‘enhanced’ offshore drilling player

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, establishing what it describes as a scalable offshore drilling platform with “enh

28 days ago
Illustration; Source: Santos
Business & Finance

Santos seals ten-year gas supply deal

Australia’s energy player Santos has ironed out a decade-long gas supply agreement with the South Australian government.

28 days ago
Illustration; Source Shell
Business & Finance

Shell puts Chiyoda on support duty for potential upcoming projects

Shell Global Solutions International, a subsidiary of the UK-headquartered energy giant Shell, has hired Japan’s engineering player Chiyoda Corporation to handle engineering and procurement work for its potential future projects around the globe.

28 days ago
Cable for Malta’s second interconnector with Sicily ready for installation
Business & Finance

Cable for Malta’s second interconnector with Sicily ready for installation

Nexans has completed the manufacturing and factory acceptance testing (FAT) of 100 kilometers of subsea cable for the second electrical interconnector between Malta and Italy, with the cable now ready for load-out and installation. The IC2 interconnector will consist of a new 122-kilometer-long, 225

28 days ago
Deepsea Bergen rig; Source: Odfjell Drilling
Authorities & Government

Path clear for Odfjell Drilling’s rig to spud North Sea wildcat in August

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

28 days ago
VARD delivers Japan-bound hybrid construction and cable laying vessel
Business & Finance

VARD delivers Japan-bound hybrid construction and cable laying vessel

Norwegian ship designer and shipbuilder VARD has delivered a 151-meter-long hybrid construction and cable laying vessel (CLV) to Japanese Toyo Construction, destined for Japan’s offshore wind market. The vessel, named Discovery, was delivered on June 26 from Vard Langsten in Norway, where it was out

28 days ago
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