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A large vessel at sunset
Business Developments & Projects

After 7.5 years with Flex LNG, CEO quits to pursue other opportunities

The board of directors of Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has accepted the resignation of its Chief Executive Officer (CEO).

about 1 year ago
PSV BOS Prelude; Credit: Britoil
Business & Finance

Britoil’s 2010-built vessel bolsters German player’s North Sea energy projects’ supply ops

SeaRenergy has strengthened its offshore supply capabilities in the North Sea, thanks to a long-term charter agreement with Britoil Offshore Services for a 15-year-old platform supply vessel (PSV), which will support the installation and commissioning of converter platforms and be available for any

about 1 year ago
Corvus Energy expands its presence in China
Business Developments & Projects

Corvus Energy expands its presence in China

Norway-based energy storage company Corvus Energy has opened a new office in Shanghai, China, to support the shipowners, shipyards, integrators, as well as other partners involved in the country’s shipbuilding industry.

about 1 year ago
An offshore rig
Business Developments & Projects

Valaris rig gearing up for ‘main activity’ in Jadestone’s 2025 drilling program

A jack-up rig owned by offshore drilling contractor Valaris has arrived in Australia to start working on a drilling campaign for the Singapore-headquartered oil and gas player Jadestone Energy.

about 1 year ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Authorities & Government

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago
SITC
Business Developments & Projects

Twelve partners to demonstrate full DC grid concept on real vessel

The UK’s University of Birmingham scientists are joining experts from across Europe in a €10.2 million project to create a working prototype ship powered by full direct current (DC) electrical systems.

about 1 year ago
JMU
Vessels

JMU closes Q1 2025 with three eco-friendly vessel deliveries

Yokohama-based shipbuilding major Japan Marine United Corporation (JMU) has wrapped up the first quarter of 2025 with the delivery of two eco-friendly boxships and one bulk carrier. As disclosed, since March 19, the Japanese shipbuilder has rolled out the red carpet for Danish shipping colossal A.P.

about 1 year ago
IKM Group to employ up to 70 persons as part of contract for Norway's PRSI Pool
Business & Finance

IKM Group to employ up to 70 persons as part of contract for Norway’s PRSI Pool

Norwegian state-owned energy firm Equinor has awarded Sola-based IKM Group with a contract for the provision of services for the Pipeline Repair and Subsea Intervention (PRSI) Pool, with about 50-70 people expected to be employed for the work. The PRSI Pool includes 23 companies covering their offsh

about 1 year ago
FPSO P-74 in Santos Basin pre-salt layer captures and reinjects CO2 reduces CO2 emissions and optimizes oil recovery; Source: Petrobras
Business & Finance

22 FPSOs in Brazil’s pre-salt enable Petrobras to break C02 reinjection record

Petrobras has tucked a new carbon dioxide (CO2) reinjection milestone in the Santos Basin pre-salt layer under its belt, thanks to 22 floating production, storage, and offloading (FPSO) vessels capturing and reinjecting CO2 off the coast of Brazil.

about 1 year ago
Offshore rig
Business Developments & Projects

Constellation-operated jackup lands long-term gig with Petrobras

Brazilian drilling contractor Constellation Oil Services Holding has won a new contract with compatriot state-owned energy giant Petrobras for a jackup drilling rig owned by ADES Holding, part of Saudi Arabia-headquartered ADES Group, which will be used for plug and abandonment (P&A) assignments off

about 1 year ago
North Sea; Source: OEUK
Authorities & Government

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago
Singapore and India eye green and digital shipping corridor
Business Developments & Projects

Singapore and India eye green and digital shipping corridor

Singapore and India have signed a letter of intent (LoI) to collaborate on maritime digitalization and decarbonization projects, including identifying relevant stakeholders who could contribute to the effort and work towards formalizing the partnership through a memorandum of understanding (MoU) on

about 1 year ago
An offshore drilling rig
Business Developments & Projects

Chinese major makes ‘hundred-million-ton’ oil discovery in South China Sea

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has made what it says is a major oilfield discovery in the deep and ultra-deep South China Sea plays.

about 1 year ago
An offshore rig and a vessel
Business Developments & Projects

Dolphin Drilling gets new CFO as interim CEO is promoted to permanent position

Norway-headquartered offshore drilling contractor Dolphin Drilling has promoted its interim Chief Executive Officer (CEO) to a permanent role and appointed a new Chief Executive Officer (CFO).

about 1 year ago
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