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Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

More appraisal ops in the works with spotlight on liquid hydrocarbons’ presence off Namibia

BW Energy has provided further insight into the preliminary results of its appraisal well in the Orange Basin off the coast of Namibia, which was drilled with a rig owned by Northern Ocean and managed by Odfjell Drilling.

about 8 months ago
Seapiper vessel; Courtesy of Boskalis
Business & Finance

Boskalis’ subsea rock installation vessel kicks off its first European gig with Equinor

Dutch offshore services provider Boskalis has embarked on a mission to slide into place many tens of thousands of tons of rock for Norway’s state-owned energy giant Equinor in the North Sea, using a subsea rock installation vessel, which previously worked mostly in Taiwan and Australia.

about 8 months ago
Hapag-Lloyd’s future-proof 16,800 TEU boxships to feature TMC technology
Business Developments & Projects

Hapag-Lloyd’s future-proof 16,800 TEU boxships to feature TMC technology

Norway’s TMC Compressors has been selected to supply a complete compressed air system for a dozen alternative fuel-ready containerships being constructed for German shipping titan Hapag-Lloyd in China. As disclosed, China’s Jiangsu New Yangzi Shipbuilding is currently building the twelve 16,800 TEU

about 8 months ago
Illustration; Source Shell
Business & Finance

Shell halves its stake in UK gas discovery as Ithaca comes aboard

Ithaca Energy, a North Sea oil and gas operator and producer, has put the wheels in motion to acquire a non-operated stake from Shell UK, a subsidiary of the UK-headquartered energy giant Shell, in a gas discovery located West of Shetland, about 175 kilometers northwest of the Shetland Isles.

about 8 months ago
Nordsee One offshore wind farm
Business & Finance

Shell buys offshore wind power for new electrolyzer plant in Germany

Shell has signed a five-year power purchase agreement (PPA) with Nordsee One GmbH, a joint venture between Northland Power (85%) and RWE (15%), for the Nordsee One offshore wind farm in Germany. Under the PPA, which will take effect from June 2027, Shell will offtake approximately one-third of the a

about 8 months ago
Tiber floating production platform is based more than 85% on Kaskida's design (Kaskida rendering); Source: BP
Business & Finance

BP books SLB OneSubsea for work on its Gulf of America oil project

UK-headquartered energy giant BP has tasked SLB OneSubsea, a joint venture between SLB (formerly Schlumberger), Aker Solutions, and Subsea7, with a subsea boosting mission for its deepwater greenfield development in the Gulf of America (U.S. Gulf of Mexico).

about 8 months ago
Harvey H. Ward jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig going back to work for Aramco as suspension ends

Shelf Drilling, an offshore drilling player, has received a green light from Aramco, a Saudi Arabian drilling giant, which will enable one of its rigs to return to its drilling assignment in the Middle East after more than a year-long suspension.

about 8 months ago
Transocean Barents rig; Source: OMV Petrom
Business & Finance

Transocean rig trio staying longer in South America and Europe

Transocean, an offshore drilling giant, has lined up more work off the coasts of Brazil, Norway, and Romania for one of its drillships and two semi-submersible rigs.

about 8 months ago
NKT Beatrice
Business Developments & Projects

NKT completes Beatrice export cable repair, 588 MW offshore wind farm returns to full capacity

NKT has completed a turnkey repair of one of the 220 kV high-voltage AC subsea export cables connecting the Beatrice offshore wind farm in the Scottish Moray Firth to the Aberdeenshire coast. In April 2025, an unplanned transmission outage occurred on one of two of Beatrice’s Transmission Capital Pa

about 8 months ago
Illustration; Source: Conrad Asia Energy
Business & Finance

Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice

Conrad Asia Energy’s wholly-owned subsidiary, West Natuna Exploration Limited (WNEL), has served Empyrean Energy, an AIM-listed oil and gas exploration company, with a notice of election of remedy and forced withdrawal, after the duo had been knee-deep in talks regarding the settlement of outstandin

about 8 months ago
Strategic Marine
Business Developments & Projects

Bermuda receives environmentally friendly ferry duo from Strategic Marine

Singapore-based shipbuilder Strategic Marine has handed over a pair of low-emission catamaran ferries to the Government of Bermuda. As disclosed in a social media post, the 40-meter-long newbuildings were delivered to the Bermudan government ahead of schedule. The vessels were designed by Australia’

about 8 months ago
BASF and ExxonMobil to advance methane pyrolysis technology for low-emission hydrogen
Business Developments & Projects

BASF and ExxonMobil to advance methane pyrolysis technology for low-emission hydrogen

German chemical company BASF and U.S. energy major ExxonMobil have signed a joint development agreement to co-develop methane pyrolysis technology for low-emission hydrogen.

about 8 months ago
Sonardyne adds another task to its contract for UK’s first offshore CCS project
Business & Finance

Sonardyne adds another task to its contract for UK’s first offshore CCS project

Underwater technology company Sonardyne has added more work to its existing contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, for the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough

about 8 months ago
New anchor project could lower costs for floating wind and wave energy
Business Developments & Projects

New consortium sets sights on smarter anchoring for floating wind and wave energy

The Netherlands-based Dieseko Group and Swedish wave energy developer CorPower Ocean have formed a consortium to launch VibroDrive+, a research project aimed at advancing offshore anchor technology through improved design and installation methods. Backed by €400,000 in Eureka Eurostars funding, the

about 8 months ago
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