French-based engineering company Technip Energies, as the engineering, procurement, and construction (EPC) services provider for a liquefied natural gas (LNG) project under development in Louisiana, has given the all-systems-go signal to the U.S.-headquartered energy technology giant Baker Hughes fo
Swedish tidal energy developer Minesto has dismissed a claim for damages directed against the company from the former major shareholder BGA Invest as unfounded. The claim for damages is allegedly based on the board of directors’ resolution to allot shares to BGA in the company’s rights issue carried
With the final investment decision (FID) out of the way, a financial close is now in place for a giant oil project in the North Falkland Basin (NFB), which will require a $1.8 billion investment to pave the way to first oil and $2.1 billion to project completion.
Offshore fabrication contractor Lamprell has expanded its operations in the Kingdom of Saudi Arabia with four offshore engineering, procurement, construction and installation (EPCI) contracts secured earlier this year. Lamprell’s combined scope across the four projects includes the installation of n
Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway.
Classification society Bureau Veritas Marine & Offshore (BV) has classed its first methanol dual-fueled container ship, a newbuild destined for French shipping and logistics giant CMA CGM Group. The 15,000 TEU methanol dual-fuel vessel, named CMA CGM ANTIGONE, was built by China’s CSSC Jiangnan Ship
Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway.
Norwegian vessel owner DOF Group has secured several new contracts in the Atlantic region, as well as a multi-year contract in the North America region for Shell. The contracts in the Atlantic region have a combined value of over $60 million, excluding optional work, and will be executed primarily u
Italy’s engineering, drilling, and construction services giant Saipem has landed a third contract extension for its 13-year-old semi-submersible drilling rig with Aker BP, a Norwegian oil and gas player, for operations off the coast of Norway.
Damen Shipyards Group, a Dutch shipbuilding giant, has held a keel-laying ceremony for Herman Senior’s new multi-purpose vessel (MPV) at the Albwardy Damen shipyard in Sharjah, United Arab Emirates (UAE).
Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering subsea inspection, maintenance and repair services (IMR) delivered by a 2013-built subsea vessel. Under the terms of the extension of an agreement first signed in 2018, Seven Viking will carry out IMR services
Bermuda-based shipowner and charterer SFL Corporation has decided to divest two ten-year-old Suezmax tankers and end charters for two more such vessels.
Offshore works, which included turbine recovery, have been completed at MeyGen, described as the world’s largest tidal stream energy development, located in Scotland’s Pentland Firth. UK-based tidal energy company Proteus Marine Renewables reported on December 18 that it had, together with project o
Building on their previous ties, Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line) have teamed up to split ownership in four liquefied natural gas (LNG) carriers that are yet to be constructed. However, available charter options could double the newb
