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Illustration; Source: Archer
Business & Finance

Archer staying on North Sea platform drilling and maintenance duty for three more years

Norway’s oil and gas player Aker BP has prolonged an assignment Oslo Stock Exchange-listed oil services company Archer is carrying out in the Norwegian sector of the North Sea.

about 7 months ago
Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild
Business & Finance

Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of the ninth vessel out of twelve plug-in hybrid coasters it has on order with shipbuilder Chowgule & Company. The vessel, which belongs to the Green Coaster series, has been named Fleximar and wa

about 7 months ago
JERA
Business & Finance

Another multi-year LNG offtake deal in JERA’s hands

Japan’s power generation major JERA has won a long-term liquefied natural gas (LNG) supply agreement with Hokkaido Gas, said to be a key regional energy provider.

about 7 months ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling firms up 11-year-old rig’s multi-year gig in Norwegian waters

Odfjell Drilling, a 52-year-old offshore drilling player, has turned a letter of intent (LoI) into a new contract for its 2014-built semi-submersible rig, which will now be booked for work until the first quarter of 2029.

about 7 months ago
TechnipFMC illustration
Business & Finance

Mozambique’s second FLNG project on TechnipFMC’s to-do list

Italian oil & gas giant Eni has awarded TechnipFMC with a subsea contract for the second floating liquefied natural gas (FLNG) project offshore Mozambique. TechnipFMC has been awarded an engineering, procurement, construction, and installation contract by Eni for the Coral North FLNG development, un

about 7 months ago
An offshore rig
Business & Finance

North Sea yields fresh gas and condensate discovery

Harbour Energy Norge, a subsidiary of London-listed oil and gas company Harbour Energy, has made a new gas and condensate discovery in the Norwegian sector of the North Sea, which was drilled with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 7 months ago
Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027
Business & Finance

Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027

Subsea7 has secured a subsea engineering, procurement, construction and installation (EPCI) contract with ConocoPhillips Skandinavia for the Previously Produced Fields (PPF) development project offshore Norway. The EPCI scope covers subsea structures, umbilicals, risers and flowlines (SURF) and will

about 7 months ago
Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Authorities & Government

EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027

Given its determination to shake off the shackles of dependence on Russian oil and gas imports, the European Union (EU) has decided to lay down the law on these fossil fuels by holding the line on the proposed gradual ban on imports of pipeline gas and liquefied natural gas (LNG) from next year, wit

about 7 months ago
Tekmar wins €8 million contract for ‘major’ UK offshore wind farm
Business & Finance

Tekmar wins €8 million contract for ‘major’ UK offshore wind farm

UK-headquartered Tekmar Group has secured a contract worth over €8 million with an existing engineering, procurement and construction (EPC) customer for its cable protection system (CPS) to be deployed at a UK offshore wind farm. Tekmar will deliver its 10th-generation CPS and associated ancillaries

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval

Japanese classification society ClassNK has issued approval in principle (AiP) for a concept design of a bulk carrier developed by Oshima Shipbuilding that is ready for multiple alternative fuels and onboard carbon capture and storage (OCCS). The AiP covers a vessel designed to be adaptable for ammo

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

EIG’s MidOcean wraps up acquisition of stake in Petronas’ Canadian upstream portfolio

Malaysia’s state-owned energy giant Petronas has sold a partial interest in its Canadian assets to MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

SBM Offshore’s FPSO duo staying with ExxonMobil offshore Angola until 2032

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has landed a multi-year contract extension for two floating production, storage, and offloading (FPSO) vessels off the coast of Angola with Esso Exploration Angola, an

about 7 months ago
Noble Resolute; Source: Noble Corporation
Business & Finance

Noble, Borr Drilling, and ADES jack-up rig trio hard at work in Dutch North Sea

Three jack-up rigs, owned by Noble Corporation, ADES (former Shelf Drilling), and Borr Drilling, are carrying out oil and gas drilling activities in the Dutch sector of the North Sea (DNS) for Canada’s Tenaz Energy, the Netherlands-based ONE-Dyas, and Italy’s Eni.

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Wave and tidal energy to reach $1.85B by 2032, commercial deployment by 2031, report finds

The wave and tidal energy market is projected to grow to $1.85 billion by 2032, with ocean-based renewable power expected to move beyond pilot installations and enter early commercial deployment by 2031, according to a report by market research firm DataM Intelligence. The global wave and tidal ener

about 7 months ago
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