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Illustration; Source: TGS
Business & Finance

TGS to survey 10,000 km2 offshore Indonesia

Norwegian energy data and intelligence company TGS has secured an award of what it says is a large streamer contract offshore Indonesia, covering approximately 10,000 square kilometers. The survey is scheduled to commence in the fourth quarter of the year and will have an estimated total duration of

about 11 months ago
Illustration; Source: Australian Energy Producers
Business & Finance

Australian state’s decade of LNG exports pours $127 billion into economy

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has revealed a $127 billion boost to Queensland’s economy, thanks to the Australian state’s decade of liquefied natural gas (LNG) deliveries.

about 11 months ago
FPSO Cidade de Itajai is operating on the Baúna field - Karoon
Business & Finance

Karoon unveils multimillion-dollar investment into FPSO revitalization campaign

Karoon Energy, Australia’s oil and gas company, has revealed its investment plans for a floating production, storage, and offloading (FPSO) revitalization campaign and a life extension project at a field off the coast of Brazil.

about 11 months ago
Van Oord has completed high-precision ballasting operations and the installation of scour protection for the West White Rose project in Canada; Source: Van Oord
Business & Finance

Van Oord’s final part of work at Canada’s oil project on the agenda for next quarter

With three out of four phases already done, Van Oord, a Dutch marine contractor, is planning to embark on the last segment of its assignment in the fourth quarter of 2025 at a field off the coast of Newfoundland, Canada.

about 11 months ago
NatPower to build UK’s first battery storage with maritime electrification infrastructure
Business Developments & Projects

NatPower to build UK’s first battery storage with maritime electrification infrastructure

Renewable energy project developer NatPower has set out to build the UK’s first battery storage facility combined with maritime electrification infrastructure, Teesside GigaPark.

about 11 months ago
HD Hyundai
Authorities & Government

Shipbuilding market shakeup: South Korea’s HD Hyundai Heavy Industries and HD Hyundai Mipo to merge

South Korean shipbuilding companies HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD) have revealed plans to merge into a single entity.

about 11 months ago
South Korea to construct ‘first’ commercial biomethanol production site
Business Developments & Projects

South Korea to construct ‘first’ commercial biomethanol production site

South Korean clean fuel and renewable energy production company Biofriends and compatriot K-biogas manufacturer Cheongmyeong have penned a memorandum of understanding (MoU) to construct the nation’s ‘first’ commercial-scale biogas-based methanol production plant. The deal, which was signed on August

about 11 months ago
Courtesy of EnerMech
Business & Finance

Middle East operator keeping EnerMech busy for two more years

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has landed a multi-year contract extension in the Middle East with Dubai Petroleum, a UAE-based oil and gas operator.

about 11 months ago
NKT BorWin5
Business Developments & Projects

NKT installs power cables at TenneT’s BorWin5 offshore grid connection

Denmark’s NKT has finalized the installation of a 320 kV high-voltage DC (HVDC) power cable system at the 900 MW BorWin5 offshore grid connection in Germany. The pull-in work to the offshore platform was carried out by the company’s NKT Victoria vessel. NKT was responsible for the delivery and insta

about 11 months ago
Wadi Al Sail LNG carrier
Business Developments & Projects

Two more LNG newbuilds making their way to QatarEnergy’s fleet

Two new liquefied natural gas (LNG) carriers are joining the fleet of QatarEnergy, as part of its massive LNG shipbuilding expansion quest.

about 11 months ago
Temis MSU DP3 flotel; Source: Nortrans Offshore
Business & Finance

2015-built flotel going to work at Shell’s deepwater asset in Nigeria

Nortrans, a Singapore-based offshore and shipping player, in partnership with Temile Development Company, has secured a new assignment for a 2015-built maintenance and support unit, part of its managed fleet, which will head to Africa for its new job at a deepwater field off the coast of Nigeria.

about 11 months ago
AI
Automation

Implementation reality vs. optimism: AI is not scaling in maritime

Maritime companies are stuck in the early stages of artificial intelligence (AI) adoption, unable to scale beyond small experiments as widespread optimism collides with implementation reality, according to new industry research.

about 11 months ago
New partnership to bring military-grade battery tech to commercial offshore energy sector
Business & Finance

New partnership to bring military-grade battery tech to commercial offshore energy sector

Scottish subsea intelligent energy management and storage solutions developer Verlume and Canada-headquartered marine technology player Kraken Robotics have entered into a strategic collaboration to introduce military-grade battery technology into the commercial offshore energy sector for what they

about 11 months ago
Ahti
Business & Finance

Ahti nets additional funding to boost FuelEU Maritime compliance pool

Ahti Climate, a provider of FuelEU Maritime pooling services, has secured additional funding from Business Finland to further strengthen its Ahti Pool platform and advance research and development (R&D).

about 11 months ago
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