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Gumusut-Kakap; Source: Shell
Business & Finance

Shell flows first oil from next chapter of Malaysian enormous deepwater project

Shell has brought online Phase 4 of its giant deepwater development project off the coast of Malaysia.

about 1 year ago
FPSO Western Isles; Source: Jersey Oil & Gas
Authorities & Government

UK’s fiscal and regulatory hurdles pull the plug on FPSO buy as North Sea oil project awaits policy reset

A deal for an FPSO, picked for an oil redevelopment project in the North Sea, has been taken off the table as New European Offshore (NEO Energy) and its partners, Serica Energy and Jersey Oil & Gas (JOG), continue to wait clarity on the fiscal and regulatory woes arising from the UK’s current oil an

about 1 year ago
Greater Kittiwake Area (GKA); Source: EnQuest
Business & Finance

UK oil & gas duo mulling over potential merger

Serica Energy and EnQuest have taken steps to engage in talks over a potential business combination that has the opportunity to create a bigger combined company with a total market capitalization of nearly $1 billion.

about 1 year ago
An offshore rig
Business & Finance

UK player inks acquisition and farm-out deals for assets off Africa

After inking one deal to buy and two deals to sell a portion of its stakes in assets offshore Namibia and Cameroon, two local subsidiaries of the UK-based oil and gas company Tower Resources are seeking partner and government approvals for the transactions.

about 1 year ago
VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July
Business & Finance

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago
UK firm's ROV going to US to serve offshore wind market
Business & Finance

UK firm’s ROV going to US to serve offshore wind market

UK’s Forum Energy Technology (FET) is set to deliver a remotely operated vehicle (ROV) to a North American subsea organization which will be used for offshore wind, as well as river bed surveys in the U.S. FET’s Subsea Product Line signed a contract for the sale of an electric Sub Atlantic Super Moh

about 1 year ago
Keel-laying for Hull 3407; Source: Excelerate Energy
Business & Finance

FSRU hull starts taking shape with keel-laying milestone out of the way (Gallery)

A keel-laying ceremony has been held for a newbuild floating storage regasification unit (FSRU), owned by the U.S.-based Excelerate Energy.

about 1 year ago
Kongsberg
Automation

Kongsberg readies for car ferry hybrid conversion project in Sweden

Norwegian technology provider Kongsberg Maritime has won a contract to convert a double-ended car ferry operated by Swedish ferry transportation company Öresundlinjen to emission-free battery-powered operation. As disclosed, the vessel in question is the 111.2-meter-long MF Hamlet, which services th

about 1 year ago
CMA CGM
Business & Finance

CMA CGM plans to pour $20 billion into US maritime sector in next four years

French shipping and logistics major CMA CGM has decided to invest $20 billion over the next four years to strengthen the U.S. maritime transport and logistics, boosting the maritime economy and fostering shipbuilding capabilities.

about 1 year ago
REGENT
Business Developments & Projects

REGENT’s Viceroy seaglider prototype embarks on sea trials (Video)

REGENT Craft has revealed the first full-scale seaglider prototype and completed the first on-water tests, kicking off sea trials that are expected to culminate in the first human seaglider flight in mid-2025.

about 1 year ago
Plants at an LNG terminal
Business & Finance

$18B expansion to make Louisiana LNG terminal ‘largest’ in North America

U.S. liquefied natural gas (LNG) export project developer Venture Global has disclosed its intention to expand its LNG facility south of New Orleans, Louisiana.

about 1 year ago
Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas
Authorities & Government

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago
Höegh Evi and North Ammonia join forces to set up clean ammonia supply chain
Business Developments & Projects

Höegh Evi and North Ammonia join forces to set up clean ammonia supply chain

Norwegian companies North Ammonia and Höegh Evi have signed an agreement to explore a clean ammonia supply chain from Norway to Europe.

about 1 year ago
Tadek Ocean Engineering Expands UK Office
Business & Finance

Tadek expands UK presence, eyes offshore renewables growth

Marine engineering specialist Tadek has expanded into new UK offices as its focus on offshore wind and marine renewables sharpens. Tadek’s new offices are located in One Crown Square, Woking, near London. According to Tadek, the move comes as the company strengthens its partnerships with industry p

about 1 year ago
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