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Business & Finance

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Fossil EnergyFPSO & VesselsOffshore WindSubseaSurveys & InterventionsVesselsVessels & VehiclesBusiness Developments & ProjectsCollaborationInnovationOutlook & StrategyTechnologyWind FarmsOperations & MaintenanceLiquefied Natural GasOil & GasAuthorities & GovernmentEnvironmentRegulation & PolicyRules & RegulationProject & TendersRigsExploration & ProductionProduction & ProcessingInfrastructureIT & SoftwareMarine EnergyTidal & Wave EnergyVisionCablingGrid
Italy’s Fincantieri and NextGeo seal the deal for autonomous vehicle development
Business & Finance

Italy’s Fincantieri and NextGeo seal the deal for autonomous vehicle development

Italian shipbuilding group Fincantieri, through its subsidiary Ingegneria dei Sistemi (IDS), and compatriot Next Geosolutions (NextGeo), have signed a memorandum of understanding (MoU) to establish a strategic collaboration for the development of unmanned surface vehicles (USVs) and related technolo

about 11 months ago
Acteon Wynnergy
Business & Finance

Acteon, Wynnergy team up to deliver offshore wind solutions across Asia

UK-headquartered Acteon and Taiwan-based marine solutions provider Wynnergy Marine have signed a strategic Memorandum of Understanding (MoU) to jointly deliver renewable energy projects across the region. The partnership supports offshore wind growth in Taiwan by providing integrated solutions that

about 11 months ago
Artistic rendering of the proposed Tilbury Phase 2 LNG expansion project; Source: FortisBC
Business & Finance

British Columbia says yes to $1.14 billion LNG storage expansion

FortisBC has secured the endorsement from the British Columbia Utilities Commission (BCUC), an independent regulatory body regulating BC’s energy utilities, basic automobile insurance rates, and intra-provincial pipeline rates, for the proposed storage expansion of its existing liquefied natural gas

about 11 months ago
Solstad and Ocean Installer agree contract extension for advanced CSV, possibly until 2031
Business & Finance

Solstad and Ocean Installer agree contract extension for advanced CSV, possibly until 2031

Norway’s Solstad Maritime has secured a charter party agreement extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, October 29, the f

about 11 months ago
COSL Prospector rig; Source: COSL
Business & Finance

Norwegian giant in the clear for drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations on the Norwegian Continental Shelf (NCS), which will be done with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 11 months ago
Contract with BP takes Oceaneering to Caspian Sea
Business & Finance

Contract with BP takes Oceaneering to Caspian Sea

U.S. subsea engineering and applied technology firm Oceaneering has secured a contract with UK-headquartered energy giant BP for the provision of riserless light well intervention (RLWI) services for the largest oilfield in the Azerbaijan sector of the Caspian basin. Oceaneering‘s Offshore Projects

about 11 months ago
Transocean Equinox rig; Source: Transocean
Business & Finance

Transocean rig just days shy of gas drilling search in Australian waters

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, is only days away from hydrocarbon exploration activities in the Otway Basin off the coast of Australia, which will be undertaken by a semi-submersible rig owned by Transocean, an offshore drilling p

about 11 months ago
FPSO Almirante Tamandaré; Source: SBM Offshore
Business & Finance

Petrobras’ production boost work bears fruit as SBM Offshore FPSO hits record output flow

Petrobras has confirmed a new production milestone, as a floating production, storage, and offloading (FPSO) unit, owned by the Netherlands-based SBM Offshore, shatters output ceiling in a record-breaking run at a huge field in the pre-salt Santos Basin off the coast of Brazil.

about 11 months ago
Matthew Tremblay, ABS Vice President, Global Offshore Markets; Source: ABS
Business & Finance

ABS debuts digital twin to enhance safety, cut downtime, and extend lifespan of FPSOs, FLNGs, and FSRUs

The American Bureau of Shipping (ABS), a classification society, has launched a real-time 3D structural digital twin life-cycle management tool, which is a web-based solution tailored for floating production storage and offloading (FPSO), floating liquefied natural gas (FLNG), and floating storage a

about 11 months ago
Launching of FSRU Hull 3407 took place at the HD Hyundai Heavy Industries shipyard in South Korea; Source: Excelerate Energy
Business & Finance

US firm lands $450 million job for floating LNG terminal in Iraq

Excelerate Energy, a U.S.-based liquefied natural gas (LNG) company in Texas, has struck a new deal for the construction of a fully integrated floating LNG (FLNG) import terminal in Iraq.

about 11 months ago
The Oceanic Platform of the Canary Islands (PLOCAN) hosting the launch meeting of the European DESALIFE project.
Business & Finance

Canary Islands name wave-powered desalination project of strategic importance

The Government of the Canary Islands has declared the DESALIFE project a strategic initiative for the region, recognizing it as a “highly innovative and sustainable project, with strong strategic relevance and proven technical feasibility.” According to Ocean Oasis, this recognition marks a mileston

about 11 months ago
UK’s new offshore wind cable testing facility to speed up nationwide production
Business & Finance

UK’s new offshore wind cable testing facility to speed up nationwide production

The Offshore Renewable Energy (ORE) Catapult, in partnership with the North East Combined Authority, is investing £2.1 million in a new offshore wind cable testing rig at its facilities in Blyth in North East England. Funded by the North East Combined Authority, the investment will allow ORE Catapul

about 11 months ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

North Sea oil & gas operators urged to up production ante by stepping up well intervention and development drilling game

As energy security concerns continue to run the show, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has called on oil and gas operators to join forces and bolster well interventions and development drilling activities to revive shut-in wells to sustain domestic oil and gas pr

about 11 months ago
ABL companies supporting geo surveys at two offshore wind areas in Portugal
Business & Finance

ABL companies supporting geo surveys at two offshore wind areas in Portugal

The Portuguese Institute for Sea and Atmosphere (IPMA) has appointed the UK-based renewable energy consultancy OWC, part of ABL Group, to support the geophysical and geotechnical surveys at two offshore wind farm areas in Portugal. ABL Group’s Portugal-based water and environmental consultancy, Hidr

about 11 months ago
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