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Business & Finance

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Global Marine Group to update fleet with Solstad construction support vessel
Business & Finance

Global Marine Group to update fleet with Solstad construction support vessel

UK-headquartered Global Marine Group is acquiring a Solstad Maritime (SOMA) construction support vessel (CSV) that has been supporting company operations since 2020. SOMA announced today, December 12, that Global Marine Group, the current charterer of CSV Normand Clipper, has declared its purchase o

about 9 months ago
Valaris DS-8 drillship; Source: Wartsila
Business & Finance

Shell chooses Valaris drillship for drilling ops at giant oil & gas project in Brazilian waters

Valaris has landed a new rig deal with Shell, a UK-headquartered energy giant, which will enable one of its drillships to carry out drilling activities at an oil and gas development off the coast of Brazil.

about 9 months ago
Catcher FPSO
Business & Finance

Oil & gas asset consolidation in full swing in UK North Sea: Harbour makes a play for Waldorf

London-listed oil and gas company Harbour Energy has taken a step to bring into its fold all subsidiaries of Waldorf Energy Partners Limited (WEPL) and Waldorf Production Limited (WPL), currently in administration, for $170 million. This move will bolster Harbour’s portfolio in the UK sector of the

about 9 months ago
Gorgon; Source: Chevron
Business & Finance

Third stage of giant Australian gas project to sport TechnipFMC subsea production systems

Shortly after disclosing the final investment decision (FID) for the project, U.S. oil & gas company Chevron has awarded TechnipFMC with a contract for the delivery of subsea production systems for the third stage of development for its giant gas project offshore Western Australia. As part of the co

about 9 months ago
Atlantis; Courtesy of BP
Business & Finance

BP fires up 7th major project: First oil achieved two months ahead of schedule in US Gulf

BP has put into production mode an expansion project in the U.S. Gulf of America (Gulf of Mexico), as its seventh major upstream project that started up this year and the fifth to come online earlier than planned.

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

Shell handpicks Odfjell Drilling-managed rig for ops offshore Namibia

UK-headquartered energy giant Shell has booked a semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling, for drilling activities off the coast of Namibia, Africa.

about 9 months ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business & Finance

Methanol and shore power recipe to unlock Newcastle – Amsterdam green shipping corridor

Given the growing zest for specific routes where vessels employ low-emission propulsion, a new study has assessed the technical and commercial feasibility of introducing a green shipping corridor between Newcastle and Amsterdam.

about 9 months ago
TechnipFMC’s 100th Subsea 2.0 tree goes to Shell, the platform’s first customer
Business & Finance

TechnipFMC’s 100th Subsea 2.0 tree goes to Shell, the platform’s first customer

TechnipFMC has delivered its 100th Subsea 2.0 tree to UK-headquartered energy giant Shell, the company that placed the first order for the subsea product platform. The subsea tree was manufactured, assembled, and tested at TechnipFMC’s dedicated facility for Subsea 2.0 in Nusajaya, Malaysia, and wil

about 9 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

OMV Petrom continues its multi-well drilling program with Transocean rig in Black Sea

OMV Petrom, Romania-headquartered affiliate of Austria’s OMV, has provided insight into its drilling plans in the Romanian sector of the Black Sea, where several wells remain on the list to be drilled using a semi-submersible rig owned by Transocean.

about 9 months ago
Eni agrees on Egypt hydrogen production
Business & Finance

Eni’s offshore drilling ops in Southeast Asia yield new gas discovery

Italy’s energy giant Eni has shed some light on its new gas discovery in the Kutei Basin about 50 kilometers off the coast of East Kalimantan in Indonesia, Southeast Asia.

about 9 months ago
Sumitomo confirmed subsea cable supplier for UK electricity connection
Business & Finance

Sumitomo confirmed subsea cable supplier for UK electricity connection

Japanese Sumitomo Electric Industries has officially been contracted to supply and install 140 kilometers of subsea cable for a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk in the UK, after having the preferred bidder status since July. The contract secured

about 9 months ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Vaalco kicks off multi-well drilling campaign offshore Gabon

Houston-based energy player Vaalco Energy has begun its 2025/2026 drilling program off the coast of Gabon with a jack-up rig owned by Borr Drilling, an offshore drilling player.

about 9 months ago
First demo to unite tidal power, battery storage and hydrogen completes in Scotland
Business & Finance

First demo to unite tidal power, battery storage and hydrogen completes in Scotland

A demonstration combining tidal power, battery storage, and hydrogen production has been completed in Scotland, marking what is said to be the first time these three technologies have been integrated into a single energy system. The demonstration integrated Orbital Marine Power’s O2 tidal turbine, v

about 9 months ago
FPSO Aoka Mizu; Source: Serica
Business & Finance

Serica brings another multimillion-dollar oil & gas acquisition to a close in UK

UK-based upstream oil and gas player Serica Energy has completed the acquisition of Prax Upstream, a subsidiary of compatriot Prax Exploration & Production, expanding its hydrocarbon portfolio on the UK Continental Shelf (UKCS).

about 9 months ago
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