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Business & Finance

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Havila Borg; Source: Havila Shipping
Business & Finance

Havila lands more work for 2009-built vessel

Norwegian offshore vessel operator Havila Shipping has struck a deal with Peterson Den Helder for a platform supply vessel (PSV), which is part of its fleet.

about 11 months ago
MOL and SCI to collaborate on tugboat business in India
Business & Finance

MOL and SCI to collaborate on tugboat business in India

Japanese shipping player Mitsui O.S.K. Lines (MOL) and Shipping Corporation of India (SCI) have agreed to collaborate on the tugboat business in India.

about 11 months ago
West Elara jack-up rig; Source: Seadrill
Business & Finance

Seadrill’s 2011-built rig is hard at work in North Sea with ConocoPhillips

A 14-year-old jack-up rig, owned by Seadrill, an offshore drilling contractor, is going full speed ahead with drilling operations at an oil field in the North Sea off the coast of Norway.

about 11 months ago
Valaris 121 rig; Source: Valaris
Business & Finance

Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs

Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms.

about 11 months ago
NOIA sees Gulf Coast’s potential for global CCUS hub
Business & Finance

NOIA depicts Gulf of America as anchor of US energy independence and maritime strength

A new report, published by the National Ocean Industries Association (NOIA), has painted the Gulf of America (Gulf of Mexico) as one of the world’s most valuable and dynamic offshore energy regions, spotlighting it as a critical engine of innovation, economic strength, and national security.

about 11 months ago
Halliburton shakes hands with Shell for umbilical-less tubing hanger installation
Business & Finance

Halliburton shakes hands with Shell for umbilical-less tubing hanger installation

U.S.-headquartered oilfield services player Halliburton has signed a framework agreement with UK-headquartered energy giant Shell for the provision of umbilical-less tubing hanger installation and retrieval services using its Remote Operated Control System (ROCS) technology. Halliburton describes RO

about 11 months ago
Astro Offshore
Business & Finance

Dubai firm continues fleet expansion with vessel number 50

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has welcomed a multipurpose support vessel (MPSV) to its fleet to enhance its offshore support and subsea capabilities. The 88-meter DP2 diesel electric MPSV Astro Achernar offers accommodation for 222 personnel and a 100-t

about 11 months ago
MV Stena Immaculate; Source: Stena Bulk
Business & Finance

Stena Bulk offloads 2017-built oil tanker seven months after North Sea allision

Swedish tanker shipping company Stena Bulk has found a buyer for its eight-year-old oil tanker, which caught fire because of a collision with a Portuguese container ship in the North Sea, north of England.

about 11 months ago
US underwater robots to undergo lake testing before returning offshore
Business & Finance

US underwater robots to undergo lake testing before returning offshore

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics is planning to carry out testing of two of its Aquanaut autonomous underwater vehicles (AUVs) at the Advanced Ocean Systems (AOS) lake facility in Florida throughout the fall and winter months. The first robot w

about 11 months ago
Alaska LNG
Business & Finance

$44 billion Alaska LNG project scores new offtake deal with Japanese player

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has boosted the commercial momentum of its Alaskan liquefied natural gas (LNG) export development through a deal with Japan’s energy utilities giant Tokyo Gas, representing the fifth agreement in seven months, totaling more than half of the proj

about 11 months ago
Hild jack-up rig; Source: Keppel
Business & Finance

Borr pulls the plug on two Mexican rig jobs as sanctions shake offshore drilling sphere

As global and geopolitical sanctions continue to gain momentum, Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has dropped two long-term rig assignments off the coast of Mexico.

about 11 months ago
Man pointing at offshore platform
Business & Finance

TotalEnergies spotlights €20B poured into low-carbon progress since 2020 amid legal scrutiny

In the aftermath of a court decision related to its carbon neutrality ambition, France’s energy giant TotalEnergies has shed light on its multi-energy strategy investments, highlighting its low-carbon inroads backed by a €20 billion injection over the past five years.

about 11 months ago
New gas discovery for Energean off Israel
Business & Finance

Rig on the move: Stena drillship sailing from US Gulf to Las Palmas ahead of Egyptian gig

A 2012-built drillship, owned by Scotland-headquartered offshore drilling contractor Stena Drilling, has finished its drilling campaign in the U.S. Gulf and is on its way to Las Palmas before going to Egypt to undertake its next hydrocarbon exploration assignment.

about 11 months ago
Marine work underway in September 2025; Source: Woodfibre LNG
Business & Finance

Canada’s $5.1 billion LNG project continues to take shape (Gallery)

Woodfibre Management, a privately held Canadian company based in Vancouver, has made progress in the construction of its operated $5.1 billion liquefied natural gas (LNG) export project, under development in British Columbia, Canada.

about 11 months ago
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