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Business Developments & Projects

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Eni taps Shearwater GeoServices for work in Timor Sea
Business Developments & Projects

Eni taps Shearwater GeoServices for work in Timor Sea

Norwegian Shearwater GeoServices has secured a 3D seismic acquisition contract with Italy’s energy giant Eni for work in the Timor Sea. The two-month survey will be performed by Shearwater’s high-capacity vessel SW Bly, with commencement expected late in the first quarter of this year. The project c

about 7 months ago
Maersk enriches fleet with another methanol-powered vessel
Business Developments & Projects

Maersk enriches fleet with another methanol-powered vessel

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Danish shipping and logistics titan A.P. Moller – Maersk has taken delivery of the first in a new series of six dual-fuel mid-size container vessels being constructed at a Chinese shipyard. The Tangier Mærsk was delivered from Yangzijiang Shipbuilding Group’s yard in Jingjiang, China, three months a

about 7 months ago
Valaris DS-17 drillship; Source: Valaris
Business Developments & Projects

WATCH: Valaris drillship undergoing upgrades in Spain as another rig reaches Brazil

A 2014-built drillship, owned by the Bermuda-incorporated offshore drilling contractor Valaris, has come to Brazilian waters ahead of its assignment with Equinor Energy do Brasil, a subsidiary of Norway’s energy giant Equinor. Another unit from the rig owner’s fleet is currently getting upgrades in

about 7 months ago
Geotechnical surveys underway at TotalEnergies’ 2 GW offshore wind site in Germany
Business Developments & Projects

Geotechnical surveys underway at TotalEnergies’ 2 GW offshore wind site in Germany

TotalEnergies has contracted Fugro to perform geotechnical surveys for the NordSee Energies 1 (NSE1) offshore wind farm at the N-12.1 site in Germany, where survey work is already underway. Investigations will be carried out at around 140 locations, reaching depths of up to 50 meters below the seabe

about 7 months ago
From Poland to Netherlands: Hull of N-Sea’s new cable layer launched (Gallery)
Business Developments & Projects

From Poland to Netherlands: Hull of N-Sea’s new cable layer launched (Gallery)

Dutch shipbuilder and designer Neptune Marine has launched the hull of the dual-fuel cable installation and repair vessel destined for compatriot N-Sea Group. The hull of the 100-meter-long cable-laying vessel (CLV) Altera hit the water last weekend, starting its journey from the shipyard in Poland

about 7 months ago
FPSO Petrojarl I; Source: Tenerife Shipyards
Business Developments & Projects

WATCH: 40-year-old FPSO comes to Spanish shipyard ahead of work in Southeast Asia

A 1986-built floating production, storage, and offloading (FPSO) vessel has arrived at a shipyard in Tenerife, which is part of Spain and the largest of the Canary Islands in the Atlantic Ocean. This unit has lined up for an assignment at two oilfields off the coast of Timor-Leste in Southeast Asia.

about 7 months ago
Swedish tidal energy developer makes move into Iceland
Business Developments & Projects

Swedish tidal energy developer makes move into Iceland

Swedish tidal energy developer Minesto has signed a memorandum of understanding (MoU) with Haf-Afl, an Iceland-based ocean energy site developer specializing in the identification, assessment and development of marine energy projects, to pursue entry into the Icelandic market. ”This is a textbook ex

about 7 months ago
Seatrium yard; Source: Seatrium
Business Developments & Projects

Karpowership’s affiliate dishes out millions to take over Seatrium’s US shipyard

With the completion of a multimillion-dollar sale deal, Seatrium has handed over a shipyard in Texas to Karpower Valley, a related party of Türkiye’s floating power plant company Karpowership, to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities.

about 7 months ago
South Korean 640 kV HVDC cable test center ready for business
Business Developments & Projects

South Korean 640 kV HVDC cable test center ready for business

South Korean Taihan Cable & Solution has finalized the construction of a dedicated cable test center that enables simultaneous testing of two 640 kV-class HVDC cable circuits. The test center spans approximately 7,000 square meters and is located at the company’s Dangjin Cable Plant, enabling close

about 7 months ago
A jackup rig being transported on a vessel
Business Developments & Projects

Drilling done: MOPU and FSO hook-up in motion at African oil field

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is approaching the finish line for the activities related to the hook-up of a mobile offshore production unit (MOPU) and a floating storage and offloading (F

about 7 months ago
Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’
Business Developments & Projects

Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’

Italian cabling giant Prysmian has been confirmed as the supplier of the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland and England. Prysmian has won a £2 billion (over €2.3 billion) contract with SP Energy Networks and Na

about 7 months ago
Eagle Explorer
Business Developments & Projects

Cyprus-flagged vessel stays in Western Hemisphere for another three months

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract extension for its vessel Eagle Explorer in the Western Hemisphere. The company reported the new contract for Eagle Explorer in the Western Hemisphere in September 2025, with a firm dura

about 7 months ago
Noble Discoverer rig; Source: Noble
Business Developments & Projects

Exclusive interview with Noble: Tight rig demand on 2026 horizon – Golden Triangle and US Gulf as core growth regions

With contracting opportunities still on the uptick in spite of potential softer energy prices, Noble Corporation, a U.S.-headquartered offshore drilling giant, has pinpointed the Golden Triangle, the U.S. Gulf, South America, and West Africa as the key regions that will drive its floater demand grow

about 7 months ago
Japanese hydrogen 4-stroke high-speed engine receives double ClassNK approval
Business Developments & Projects

Japanese hydrogen 4-stroke high-speed engine receives double ClassNK approval

Yanmar Power Solutions, a subsidiary of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, has obtained ship classification certification for its hydrogen-fueled four-stroke high-speed engine. Yanmar Power Solutions reported on January 27 that it had become the first engine

about 7 months ago