Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-y
Classification society Korea Register (KR) has signed a memorandum of understanding (MOU) with STX Energy Solution (STX ES) and Daewoo Shipbuilding & Marine Engineering (DSME) to work together on the technology standardization and commercialization of solid oxide fuel cells.
Russia’s Lukoil has acquired a 50 per cent operator interest in the Area 4 project through the acquisition of the operator’s holding company.
Subsea and offshore drilling services provider Mermaid Maritime has established an indirect wholly-owned subsidiary in Thailand focused primarily on offshore and onshore decommissioning.
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the tank design for two new LNG carriers from French containment specialist GTT.
French engineering company Subsea Tech has developed a new solution for the inspection and cleaning of biofouling on ships.
The European Commission has approved the proposed merger between Finnish engineering majors Cargotec and Konecranes.
Testing, inspection and certification provider Applus+ is conducting non-destructive tests (NDT) for a mystery client’s project to construct a new subsea gas pipeline in Brazil.
TotalEnergies has made a significant oil discovery with associated gas on the Venus prospect, located offshore southern Namibia.
U.S. LNG exporter Cheniere Energy has extended the long-term gas supply agreement signed in 2019 with EOG Resources, tripling the volume of LNG associated with the natural gas supply. This transaction is to complete the commercialization of Cheniere’s Corpus Christi Stage III project. The parties si
USAID has engaged ICEM to support Korean company Ingine in obtaining environmental permits for wave energy project in Vietnam.
Port Arthur LNG has teamed up with Port Arthur Newsmedia to award $50,000 in grants to local non-profit organizations with programs aimed at improving the environment in the area.
Subsea 7 and technology partner FLASC have secured a £471,760 grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system. The Long Duration Offshore Storage Bundle, called PowerBundle, will store energy
Italian oil and gas company Eni has started the first production at its operated field off Mexico, using the FPSO Miamte.
