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Business & Finance

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HMM
Business & Finance

HMM places major order for 12 LNG-powered boxships, 2 VLCCs

South Korean shipping company HMM has ordered a fleet of containerships and very large crude carriers (VLCCs) worth KRW 4 trillion (about $2.9 billion).

about 9 months ago
WATCH: NKT Eleonora gets first taste of water
Business & Finance

WATCH: NKT Eleonora gets first taste of water

NKT’s cable-laying vessel (CLV) NKT Eleonora has entered the water for the first time following the launch of its aftship, set to be connected to the foreship at a separate location. The official keel laying took place on January 15 at one of VARD’s facilities in Romania, some two months after the f

about 9 months ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

Triple contract win for Saipem in Azerbaijan valued at $600M

Italian engineering, drilling, and construction services firm Saipem has secured three new contracts for a gas project in Azerbaijan operated by UK-headquartered energy giant BP, which together have a value of approximately $600 million. The offshore contracts were awarded in consortium with BOS She

about 9 months ago
DeepOcean charters Glomar vessel to expand offshore wind and oil & gas capabilities
Business & Finance

DeepOcean charters Glomar vessel to expand offshore wind and oil & gas capabilities

Ocean services provider DeepOcean has entered into a time charter agreement with Glomar Offshore for a 2009-built multipurpose support vessel to enhance its survey and inspection, maintenance and repair (IMR) offering in the offshore wind and oil & gas sectors. Glomar Supporter will join DeepOcean’s

about 9 months ago
Skandi Olympia
Business & Finance

DOF continues its winning streak with Petrobras with two new contracts

Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy company Petrobras that have a combined value of approximately $200 million. Skandi Chieftain and Skandi Olympia have been awarded four-year charters, with both vessels to operate with one work-c

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

New Jan De Nul subsea rock installation vessel to sport Seatools’ fall pipe ROV

The Netherlands-headquartered subsea technology company Seatools has secured a contract with Jan De Nul for the design and delivery of a fall pipe ROV for the recently ordered subsea rock installation vessel (SRIV) George W. Goethals. The fall pipe ROV, to be installed at the lower end of the vessel

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Shell approves Nigerian gas development to power LNG growth

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of the UK-headquartered energy giant Shell, and Nigeria’s Sunlink Energies and Resources Limited have taken a final investment decision (FID) on a gas development offshore Nigeria.

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Tekmar, Jan De Nul sign framework agreement for TenneT’s 2 GW offshore grid

Tekmar Group has signed a framework agreement with Jan De Nul for the engineering, manufacturing, and supply of the cable protection system (CPS) for TenneT’s 2 GW offshore grid connection program in Germany. The first awards under the agreement cover two projects. Work has commenced immediately on

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Massachusetts backs tidal and wave energy with $1.9 million grant

The Marine Renewable Energy Collaborative (MRECo), a non-profit corporation dedicated to the sustainable development of ocean renewable energy, has been awarded nearly $1.9 million from the Massachusetts Clean Energy Center (MassCEC) to upgrade and expand its tidal and wave energy test sites, suppor

about 9 months ago
Valaris DS-12 drillship; Source: Valaris
Business & Finance

BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East

Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP.

about 9 months ago
COSL Prospector rig; Source: Canarship
Business & Finance

All systems go for Equinor’s drilling ops with Transocean and COSL rigs

Equinor has secured the go-ahead from the Norwegian authorities for drilling activities on the Norwegian Continental Shelf (NCS), which will be undertaken with semi-submersible rigs owned by Transocean and COSL Drilling Europe, two offshore drilling contractors.

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Road to full certification: Norwegian USV cleared to ditch support vessel

Norway’s Reach Subsea has secured a trading permit to operate its Reach Remote 1 uncrewed surface vessel (USV) entirely through remote operations without a support vessel, marking an important step towards full certification. The permit, issued by the Norwegian Maritime Authorities with technical va

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

First oil flows from offshore project in Southeast Asia ahead of schedule

Vietsovpetro, the Vietnam–Russia joint venture (JV), has brought online a wellhead platform at a field off the coast of Vietnam, Southeast Asia.

about 9 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

New CEO to take the lead at Nexans

French cable systems designer and manufacturer Nexans has appointed a new chief executive officer (CEO), effective immediately. Nexans‘ Board of Directors has resolved to appoint Julien Hueber as the new CEO and to part ways with Christopher Guérin, who held the position for seven years. Guérin will

about 9 months ago
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