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Strategic Marine hands over 10th vessel to Malaysian operator
Business Developments & Projects

Strategic Marine hands over 10th vessel to Malaysian operator

Strategic Marine has completed its first vessel delivery in 2022 by handing over a new fast crew boat (FCB) to Malaysia’s Centus Marine.

about 4 years ago
Dive Technologies getting a share of $3.4 million US govt funding
Business Developments & Projects

Subsea technology gets part of $3.4 million US govt offshore wind funding

The U.S. National Offshore Wind Research and Development Consortium (NOWRDC) has selected Dive Technologies to receive a share of $3.4 million funding for its autonomous underwater vehicle (AUV) technology. The Massachusetts-headquartered company said it will use the support to bring its next-genera

about 4 years ago
Deepsea Stavanger - Lundin
Business Developments & Projects

Lundin bites the dust in Norwegian Sea

Lundin Energy is in the process of concluding the drilling of a wildcat well east of the Ormen Lange field in the Norwegian Sea.

about 4 years ago
U.S. offshore rig count on the upswing
Business Developments & Projects

U.S. offshore rig count on the upswing

According to Baker Hughes’ weekly rig count report, the number of offshore rigs in the U.S. is continuing its upward progress.

about 4 years ago
NMDC wins $21.5M dredging job in Egypt
Business Developments & Projects

NMDC wins $21.5M dredging job in Egypt

National Marine Dredging Company (NMDC) has won a 79 million dirhams ($21.5 million) contract for a very important dredging project in Egypt. The job includes dredging the entrance to the navigation channel and the trench of the quay wall in the Red Sea Port in Safaga, NMDC said in a disclosure to

about 4 years ago
Norwegian authorities greenlight Maersk Drilling – Noble merger
Business Developments & Projects

Two rival players get green light for merger plans

The Norwegian Competition Authority raises no objections to the business combination proposed by Maersk Drilling and Noble Corporation.

about 4 years ago
Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic
Business Developments & Projects

In focus: Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic

Building a sustainable future in a pandemic-ridden world is no easy feat as it brings out many challenges to the fore, however, the energy and maritime industries have shown a great determination to overcome such obstacles in their quest to accelerate decarbonisation and establish a more balanced, l

13 minutes read
Photo showing PEWEC 2.0 wave energy device during tank trials (Courtesy of ENEA)
Business Developments & Projects

Revamped PEWEC wave device shaping up as ‘the clean power solution’ for small Mediterranean islands

The new and improved version of PEWEC (Pendulum Wave Energy Converter), being developed by Italy’s national agency ENEA and Polytechnic University of Turin, could prove to be an ideal solution for small and medium-sized islands across the Mediterranean as they transition to net-zero future.

about 4 years ago
Singapore
Business Developments & Projects

Singapore ranked world’s leading maritime city

Singapore has retained the number one spot in the Leading Maritime Cities (LMC) report conducted by Norwegian classification society, DNV and Norwegian consultancy Menon Economics AS.

about 4 years ago
Novatek says 2021 natural gas and LNG sales went up
Business Developments & Projects

Novatek: 2021 natural gas and LNG production and sales climbed

Russia’s natural gas producer Novatek published its 2021 preliminary operating data showing that both production and sales of natural gas, including LNG, went up compared to 2020.

about 4 years ago
TotalEnergies adds extra Suriname well to Maersk rig’s backlog
Business Developments & Projects

TotalEnergies adds extra Suriname well to Maersk rig’s backlog

TotalEnergies has decided to exercise its option for one additional well to be drilled by the Maersk Drilling-owned Maersk Valiant rig.

about 4 years ago
TechnipFMC delisting from Euronext Paris, sells more shares in Technip Energies
Business Developments & Projects

TechnipFMC delisting from Euronext Paris, sells more shares in Technip Energies

TechnipFMC is proceeding with the voluntary delisting of its shares from Euronext Paris, following the partial spin-off of Technip Energies and the progressive selldown of its remaining ownership stake. After a comprehensive review of its strategic objectives, TechnipFMC said it has refocused as a p

about 4 years ago
Rystad Energy forecasts offshore oil production will increase demand for shuttle tankers
Business Developments & Projects

Driven by robust offshore oil production, demand for shuttle tankers set to rise, Rystad says

Rystad’s analysis shows offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35 per cent in this decade.

about 4 years ago
Bahri
Business Developments & Projects

Bahri signs logistics deal with Saudi mining company

Bahri, the national shipping carrier of Saudi Arabia, has signed a memorandum of understanding (MoU) with compatriot mining company Ma’aden to strengthen its logistics sector ties.

about 4 years ago
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