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Business & Finance

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ABL chosen to back Greece’s Ionian Islands interconnector project
Business & Finance

ABL chosen to back Greece’s Ionian Islands interconnector project

Energy and marine consultancy ABL has been selected to support the installation of upgraded interconnectors in Greece that are set to improve the energy resilience of the Ionian islands. ABL will act as the marine warranty survey (MWS) services provider to support Hellenic Cables’ installation of su

about 9 months ago
Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)
Business & Finance

Guyana partners strike loan deal

CGX, a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin, has entered into a loan agreement with a subsidiary of Frontera Energy Corporation, its joint venture partner in a petroleum prospecting license for a block offshore Guyana.

about 9 months ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

Drilling job in Saudi waters on ADES rig’s agenda in January

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia.

about 9 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

QatarEnergy handpicks contractor for CCS project set to decarbonize its LNG production facilities

Qatar’s state-owned oil and gas giant QatarEnergy has chosen Samsung C&T Corporation as the contractor, which will breathe life into a giant carbon capture and sequestration (CCS) project designed to serve the Persian Gulf state’s existing liquefied natural gas (LNG) production facilities.

about 9 months ago
Seatrium yard; Source: Seatrium
Business & Finance

Seatrium trims its fleet in $59.7 million non-core vessel divestment move

Singapore-based offshore, marine, and energy solutions provider Seatrium has raked in millions by shedding non-core assets to streamline its vessel portfolio with a platform supply vessel (PSV) sale.

about 9 months ago
Mermaid Subsea performs ‘fast-track’ subsea recovery project for major operator
Business & Finance

Mermaid Subsea performs ‘fast-track’ subsea recovery project for major operator

Aberdeen-headquartered Mermaid Subsea Services (UK) has completed a fast-track subsea recovery project in the North Sea for what it says is a major operator. The subsea campaign involved the internal and external severance of casing, conductor, guide pipe and cement lines, local seabed excavation, r

about 9 months ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

Noble rig spuds next well in West Africa with production start-up due by year-end

UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, has decided to bring online by the end of the year its second well at an oilfield off the coast of Ghana, which was drilled with a drillship owned by Noble Corporation, a U.S.-based offshore drilling giant.

about 9 months ago
Petrobras prolongs assignments for DOF and TechnipFMC’s three PLSVs
Business & Finance

Petrobras prolongs assignments for DOF and TechnipFMC’s three PLSVs

Three pipelay support vessels (PLSVs) owned by a joint venture of DOF and TechnipFMC have secured contract extensions with Brazil’s oil and gas firm Petrobras. The current contracts of the 142-meter-long Skandi Vitória and Skandi Niterói have been extended from the fourth quarter of 2025 until the f

about 9 months ago
Rig move; Courtesy of ABL Group
Business & Finance

Chevron taps ABL for rig moves and platform installations in Asian waters

ABL, part of Oslo-listed energy, marine, and engineering consultancy ABL Group, has won a new assignment in the Gulf of Thailand, which will enable it to provide marine warranty survey (MWS) and third-party support services in connection with wellhead platform installations and jack-up rig moves.

about 9 months ago
Noble Sam Croft drillship; Source: Noble Corporation
Business & Finance

Noble and Kongsberg set ‘transformative pilot’ in motion aboard 2014-built rig

Noble Corporation, a U.S.-based offshore drilling giant, has put into play a new pilot program aboard its 11-year-old drillship in collaboration with Kongsberg Maritime, a Norway-headquartered marine technology player.

about 9 months ago
VIking Lady; Source: Eidesvik Offshore
Business & Finance

Eidesvik’s vessel duo remains on duty with Norwegian oil & gas player

Norwegian offshore vessel owner Eidesvik Offshore is continuing its assignment with Aker BP, a compatriot oil and gas company, thanks to extensions of deals for two of its platform supply vessels (PSVs).

about 9 months ago
Corpus Christi LNG terminal
Business & Finance

Bechtel puts finishing touches on third piece of Cheniere’s LNG project in Texas

Cheniere Energy has reached a new milestone at its liquefied natural gas (LNG) facility, with the completion of the third train forming part of its expansion project on the La Quinta Ship Channel, along the north shore of Corpus Christi Bay in Texas, United States.

about 9 months ago
Svitzer, Cochin Shipyard shake hands on electric tug manufacturing in India
Business & Finance

Svitzer, Cochin Shipyard shake hands on electric tug manufacturing in India

Denmark-based towage service provider Svitzer has signed a letter of intent (LoI) with Cochin Shipyard to construct a new generation of electric tugs in India.

about 9 months ago
Deepsea Mira rig; Source: Odjell Drilling
Business & Finance

Drilling results offshore Namibia ‘encouraging’ but further appraisal still needed

BW Energy has shed light on the preliminary results of its appraisal well in the Orange Basin off the coast of Namibia, where the well was drilled using a rig owned by Northern Ocean and managed by Odfjell Drilling.

about 9 months ago
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