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Business & Finance

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Courtesy of Vard
Business & Finance

Ocean Infinity puts Vard on multi-purpose robotic vessel quartet construction duty

Vard, the Norwegian shipbuilding subsidiary of Italy’s Fincantieri Group, has been hired to build four new multi-purpose robotic vessels (MPVs) for Ocean Infinity, a Houston-based marine robotics company.

about 8 months ago
Illustration; Source: Coastal Bend LNG
Business & Finance

FEED gig for LNG project on US Gulf Coast comes KBR’s way

U.S.-headquartered science, technology, and engineering player KBR has won a front-end engineering design (FEED) contract for a planned multi-train liquefied natural gas (LNG) export facility on the Texas Gulf Coast, United States.

about 8 months ago
Delfin Midstream
Business & Finance

Extension arranged with Samsung Heavy Industries as US LNG project nears FID

Delfin Midstream, a U.S.-based liquefied natural gas (LNG) export infrastructure development company, has agreed to prolong a letter of award (LOA) with South Korea’s Samsung Heavy Industries (SHI) for the job related to the first floating LNG (FLNG) unit destined to be deployed at its American LNG

about 8 months ago
Illustration; Source: Eco Atlantic
Business & Finance

Navitas expanding its oil & gas footprint in Falkland Islands

Israel’s Navitas Petroleum has taken steps to bolster its oil and gas portfolio off the coast of the Falkland Islands with a non-binding deal to get a majority stake in a license within the North Falkland Basin.

about 8 months ago
A jackup rig being transported on a vessel
Business & Finance

African offshore oil field set to come online by month-end

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is planning to start oil production from an oil field off the coast of Benin by the end of January 2026.

about 8 months ago
LTS3000 vessel; Source: L&T-Sapura
Business & Finance

Larsen & Toubro snaps up partner’s stake in heavy-lift and pipelay vessel

Malaysia’s oil and gas services provider Vantris Energy, formerly known as Sapura Energy, has opted to sell its interest in L&T-Sapura Shipping Pvt. Ltd. (LTSSPL) to its joint venture partner, Larsen & Toubro (L&T).

about 8 months ago
Vallourec lands 'large' Qatar deal weeks after acquiring Brazillian pipe coating firm
Business & Finance

Shell hands out more work to Vallourec for subsea oil & gas project

French provider of tubular solutions Vallourec has secured a new deal with the UK-headquartered energy giant Shell for the supply of oil country tubular goods (OCTG) products and services for offshore operations related to the development of a giant deepwater project off the coast of Brazil.

about 8 months ago
Illustration; Source: Petronas
Business & Finance

Asian firm gets construction job for Malaysian offshore project

OceanMight, a subsidiary of Sarawak-headquartered KKB Engineering, has been tasked with handling a segment of the construction of a fixed offshore structure and host tie-in at a greenfield development (GFD) project off the coast of Malaysia.

about 8 months ago
MOL and ITOCHU perform Japan’s first environmental attribute certificate trade
Business & Finance

MOL and ITOCHU perform Japan’s first environmental attribute certificate trade

Japanese trading company ITOCHU Corporation and shipping major Mitsui O.S.K. Lines (MOL) have signed a memorandum of strategic partnership to advance the use of environmental attribute certificates for decarbonization in the transportation sector. By leveraging their respective strengths and collabo

about 8 months ago
Saipem’s jack-up returns to work in ‘key market’ after one-year suspension
Business & Finance

Saipem’s jack-up returns to work in ‘key market’ after one-year suspension

Saipem’s jack-up rig Perro Negro 7 is set to resume operations in Saudi Arabia this month, after the contract it had secured in 2011 was temporarily suspended in 2024. Saipem won the contract for Perro Negro 7 in 2011 and secured an extension in June 2023 for ten years. The contract was temporarily

about 8 months ago
TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon
Business & Finance

TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon

France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government to enter an exploration permit offshore Lebanon. The consortium’s initial work program on Block 8 consists of the acquisition of a 1,200 km2 3D seismic survey, in order to further assess the ar

about 8 months ago
UK firm’s subsea technology ordered for Japanese offshore wind
Business & Finance

UK firm’s subsea technology ordered for Japanese offshore wind

Japanese submarine cable installation specialist SEKIKAIJI Industry has purchased a trencher and advanced cable tracker technology from the UK’s subsea technology and services provider SMD, which will be used for the offshore wind market in Japan. The contract includes SMD’s high-power jet trencher

about 8 months ago
Ithaca Energy awards Prosafe vessel with $2.73M contract extension
Business & Finance

Ithaca Energy awards Prosafe vessel with $2.73M contract extension

North Sea oil & gas operator and producer Ithaca Energy has exercised the option for Prosafe’s flotel to stay all three remaining weeks at the Captain field in the UK sector of the North Sea. Safe Caledonia’s contract was supposed to keep the vessel at the Captain field until early February 2026, af

about 8 months ago
Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement
Business & Finance

Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement

Bermuda-based bulk carrier company Himalaya Shipping has secured a new time charter agreement for its LNG dual-fuel 210,000 dwt Newcastlemax vessel, delivered in 2023. The vessel Mount Ita was delivered to Himalaya Shipping from China’s New Times Shipbuilding (NTS) in March 2023 as the second in a s

about 8 months ago
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