The favorable decision for French LNG containment specialist GTT has been confirmed by the Seoul High Court, rejecting the appeal of the Korea Fair Trade Commission (KFTC).
UK-based tidal energy developer Simec Atlantis Energy has warned of an alleged appointment of administrators to one of its main shareholders which owns 43% stake in the company.
Equinor and the Chinese shipbuilder CIMC Raffles (Yantai CIMC Raffles Offshore) have signed a strategic cooperation agreement to develop offshore wind projects in the Yellow Sea, off China’s Shandong province. The Norway-based energy major has confirmed to our sister site OffshoreWIND.biz that the t
Japanese shipping company Mitsui O.S.K. Lines has decided to re-enter the ammonia transport business after almost five years of being absent from the trade. MOL’s re-entry into the business is being announced on the back of a time-charter contract with Trammo, a US-based merchandising and ammonia tr
The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with compatriot Petropars Group for the development of Farzad B gas field in the Persian Gulf.
BSEE has conducted a pre-production inspection of BP’s Argos platform slated for operation in the U.S. Gulf of Mexico.
The UK-based Modus Subsea Services has placed an order with Kawasaki Heavy Industries (KHI) for two SPICE autonomous underwater vehicles (AUV). SPICE (Subsea Precise Inspector with Close Eyes) is expected to be delivered to Modus this year and will be used for operations in the North Sea and other s
Romanian oil and gas company OMV Petrom has closed the sale of its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.
A near-miss incident with the potential for fatality has happened on the HMDC-operated Hibernia platform offshore Canada.
Over the next few months, Offshore Energy will be taking a closer look into the now operational Borssele offshore wind projects: Borssele 1 & 2, Borssele 3 & 4, and the Borssele innovation site. The three projects – one developed by Ørsted, one by the Blauwwind consortium, and one by the Two Towers
The gradual resumption of cruise operations is expected to significantly ramp up ship production this year and curb the negative impact of the coronavirus pandemic on the sector, according to Italian shipbuilder Fincantieri.
An offshore worker has died following an incident with a shut-in well in the U.S. Gulf of Mexico.
TGS-NOPEC Geophysical Company (TGS) has reported a revenue of $186 million in the first quarter of 2021, an increase of 256% compared to $52 million in Q1 2020. EBITDA was $162 million and the operating result was $69 million, compared to $26 million and $-58 million, respectively, in the first quar
California is set to allocate USD 20 million to support offshore wind development in its 2021-2022 budget, on which the state government is currently working. Governor Gavin Newsom presented the US state’s revised 2021-2022 budget on 14 May, before the final budget is established this Summer. The ‘M
