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West Phoenix rig (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count maintains the status quo for two weeks in a row

The U.S. has extended its break in offshore rig count activity by keeping the total number unchanged for the second consecutive week.

about 3 years ago
Illustration (Courtesy of TEAMER Program)
Business & Finance

TEAMER opens 10th call for marine energy projects

The US Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the US Department of Energy (DOE), is now accepting applications for the tenth request for technical support (RTFS).

about 3 years ago
Armada; Source: Shell
Authorities & Government

Repsol’s North Sea field secures life extension

Repsol has received consent from Norway’s offshore safety regulator for the life extension of a field in the North Sea off Norway.

about 3 years ago
'Terrible maritime chapter' closes as Fugro locates WW2 ship 81 years after sinking
Business & Finance

‘Terrible maritime chapter’ closes as Fugro locates 80-year-old WW2 shipwreck

Fugro has taken part in a mission to locate the wreck of a World War II ship 81 years after sinking, reported as one of the worst international maritime disasters in history. Fugro started the search for the Montevideo Maru transport ship on 6 April onboard the hydrographic survey vessel Fugro Equat

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Authorities & Government

Equinor cleared to dispatch Odfjell Drilling rig for ops in Norwegian Sea

Equinor has received consent from Norway’s regulator to use one of Odfjell Drilling’s rigs for drilling ops in the Norwegian Sea.

about 3 years ago
Navigator Gas signs gender diversity-linked loan facility agreement
Business & Finance

Navigator Gas signs gender diversity-linked loan facility agreement

Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V

about 3 years ago
Toro acquires LPG quartet
Green Marine

Toro acquires LPG quartet

Toro Corp., a tanker spinoff of U.S.-Listed Castor Maritime, has entered into agreements with an unnamed third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. The aggregate purchase price for the four LPG vessels is $70.7 million. Th

about 3 years ago
Scarabeo 8 rig; Source: Vår Energi
Authorities & Government

Saipem slapped with regulatory order for semi-sub rig after audit finds ‘serious’ breaches

The Norwegian offshore safety regulator has carried out an audit of Saipem and followed it up with an order.

about 3 years ago
Illustration (Courtesy of US OESI)
Business & Finance

US OESI launches funding opportunity for marine energy

The US Ocean Energy Safety Institute (OESI) has launched a request for proposals, targeting small-scale marine energy solutions for offshore wind and oil & gas operations, and utility-scale devices that enhance marine energy operations.

about 3 years ago
Argeo inks contract extension for Hugin AUV
Business & Finance

Argeo inks contract extension for Hugin AUV

Marine survey contractor Argeo has signed a contract extension for the Hugin 6000 autonomous underwater vehicle (AUV). The project, which started on 1 September 2022 with a minimum guaranteed duration of six months and a six-month extension, has now been extended to 1 March 2024. The initial contrac

about 3 years ago
DORIS wins FEED contract for XFuel’s modular energy conversion facilities
Business Developments & Projects

DORIS wins FEED contract for XFuel’s modular energy conversion facilities

XFuel, a sustainable drop-in fuels producer, has engaged DORIS, an engineering, advisory, and project management services company, to provide front-end engineering and design (FEED) support for its modular energy conversion facilities. DORIS said it will support XFuel’s in-house engineering team to

about 3 years ago
Nor-Shipping
Green Marine

Nor-Shipping award finalists announced

Five finalists have made it to the shortlist for the second Nor-Shipping Ocean Solutions Award after o a heated jury debate. The accolade aims to showcase breakthrough innovations at, or approaching, commercialisation stage. Daphne Technology won the inaugural prize in 2022, with this year’s winner

about 3 years ago
APM Terminals
Business & Finance

APM Terminals Pipavav to invest $90 mln to bolster LPG handling capacity

APM Terminals Pipavav, an all-weather port located just 152 nautical miles from Nhava Sheva, Mumbai, has revealed plans that will see an investment of around $90 million in a new liquid berth. The port’s current capacity to handle 2 MMT of liquid bulk will increase to 5.2 MMT. The investment support

about 3 years ago
Harzand VLGC
Green Marine

World’s largest VLGC named and delivered

Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter

about 3 years ago
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