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Amogy enters South Korean market to advance its ammonia-to-power solutions
Business & Finance

Amogy enters South Korean market to advance its ammonia-to-power solutions

U.S.-based provider of ammonia-to-power solutions Amogy has opened an office in the Pangyo Techno Valley in South Korea, positioning the company for growth and commercialization.

about 1 year ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Two drilling strikes in a row for Aker BP as another North Sea well comes up empty

Aker BP has drilled another dry well in the North Sea off the coast of Norway. The drilling activities were conducted by one of Odfjell Drilling’s semi-submersible rigs.

about 1 year ago
Lloyd’s Register approves Lehmann Marine’s CUBE battery system
Business Developments & Projects

Lloyd’s Register approves Lehmann Marine’s CUBE battery system

Lehmann Marine, a Germany-based lithium iron phosphate (LFP) battery systems specialist, has received type approval from the classification society Lloyd’s Register for its CUBE battery system.

about 1 year ago
Canadian ports link up with North Sea Port to accelerate energy transition
Business Developments & Projects

Canadian ports link up with North Sea Port to accelerate energy transition

Five Canadian ports have signed an MoU with the North Sea Port to collaborate on strengthening trade and accelerating energy transition.

about 1 year ago
Norwegian firm enters Asia-Pacific market with latest acquisition
Business & Finance

Norwegian firm enters Asia-Pacific market with latest acquisition

Norwegian Offshore Rental (NOR) is entering the Asia-Pacific (APAC) market through the acquisition of Clockwise Subsea, a provider of rental and sale of marine equipment to the civil, marine, renewable and oil & gas sectors. Established in 2017, Clockwise Subsea is based in Singapore, Malaysia and I

about 1 year ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

Two Namibian prospects on TotalEnergies’ drilling agenda in 2025 as it puts off FID for oil discovery

TotalEnergies has decided to bump a final investment decision (FID) to next year for its giant oil discovery in the Orange Basin off the coast of Namibia. However, the firm has lined up drilling activities at two prospects in the African country for 2025.

about 1 year ago
Transocean Barents rig is on drilling duty with OMV Petrom in Romanian Black Sea; Source: OMV Petrom
Business & Finance

WATCH: Transocean rig preps to spin the drill bit on €4B gas project

With preparations one of the semi-submersible rigs, owned by Transocean, is undergoing in Constanta drawing to a close, a start-up date for a long-term drilling campaign on a natural gas project in the Black Sea is fast approaching.

about 1 year ago
Revised concept for North Sea gas project's offtake route; Source: Hartshead Resources
Authorities & Government

Tweaks to North Sea gas project’s concept encapsulate ‘far superior’ export route

Hartshead Resources has made changes to the gas offtake route for natural gas development in the UK sector of the North Sea and submitted the revised concept select report addendum (CSRA) to the North Sea Transition Authority (NSTA) on its own behalf as its joint venture (JV) partners did not back t

about 1 year ago
Hercules rig; Source: Odfjell Drilling
Authorities & Government

Legal spat over rig contract breach nearing its end with Seadrill ordered to pay SFL $48 million

A court order is bringing a legal battle over an alleged contract breach to a close by instructing Bermuda-headquartered offshore drilling contractor Seadrill to pay a multimillion-dollar compensation to the owner of a semi-submersible rig, which was hired under the contract that sparked the dispute

about 1 year ago
TMS Group
Infrastructure

Economou’s TMS Group to splash up to $1.4B on LNG dual-fuel containership fleet

Greek magnate George Economou-led TMS Group has ordered up to ten 11,400 TEU environmentally friendly containerships in China.

about 1 year ago
Illustration; Source: McDermott
Business Developments & Projects

McDermott completes east Malaysia deepwater project ahead of schedule

U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities for a project offshore East Malaysia ahead of schedule. The contract, awarded by PTTEP Sabah Oil (PTTEP) in early 2024, involved deepwater work at approximately

about 1 year ago
West Neptune drillship; Source: Seadrill
Business & Finance

US oil & gas player gets cracking on development studies as two out of three Gulf of Mexico wells yield hydrocarbons

U.S.-headquartered privately owned exploration and production company LLOG Exploration has started the ball rolling on development studies for two hydrocarbon-bearing wells in its three-well exploration/appraisal campaign. The wells are located in the U.S. Gulf of Mexico, which is being renamed the

about 1 year ago
CSA hits new milestone in bringing electric harbor craft for operation in Singapore
Business Developments & Projects

CSA hits new milestone in bringing electric harbor craft for operation in Singapore

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has launched its first fully electric supply boat (e-supply boat) and laid the keel for its first fully electric tug at PaxOcean Batam.

about 1 year ago
Tamar platform; Source: Chevron
Business & Finance

SOCAR coming aboard Chevron’s gas field offshore Israel

Chevron Mediterranean Limited, a subsidiary of the U.S.-headquartered oil major Chevron, is getting a new partner at its gas field off the coast of Israel, as Union Energy has decided to sell its stake to the State Oil Company of the Republic of Azerbaijan (SOCAR). SOCAR is continuing to implement i

about 1 year ago
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