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Business & Finance

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Temis MSU DP3 flotel; Source: Nortrans Offshore
Business & Finance

2015-built flotel going to work at Shell’s deepwater asset in Nigeria

Nortrans, a Singapore-based offshore and shipping player, in partnership with Temile Development Company, has secured a new assignment for a 2015-built maintenance and support unit, part of its managed fleet, which will head to Africa for its new job at a deepwater field off the coast of Nigeria.

about 11 months ago
New partnership to bring military-grade battery tech to commercial offshore energy sector
Business & Finance

New partnership to bring military-grade battery tech to commercial offshore energy sector

Scottish subsea intelligent energy management and storage solutions developer Verlume and Canada-headquartered marine technology player Kraken Robotics have entered into a strategic collaboration to introduce military-grade battery technology into the commercial offshore energy sector for what they

about 11 months ago
Ahti
Business & Finance

Ahti nets additional funding to boost FuelEU Maritime compliance pool

Ahti Climate, a provider of FuelEU Maritime pooling services, has secured additional funding from Business Finland to further strengthen its Ahti Pool platform and advance research and development (R&D).

about 11 months ago
Courtesy of VTTI
Business & Finance

Netherlands raises its energy security bar with permitting milestone for new LNG terminal

VTTI, a Dutch energy infrastructure company, and Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), have ticked off the first phase of the permit procedure from the list of requirements to bring their proposed new

about 11 months ago
Subsea7 prolongs stay at Türkiye’s largest natural gas field with ‘major’ contract
Business & Finance

Subsea7 prolongs stay at Türkiye’s largest natural gas field with ‘major’ contract

Following the contract for inspection, repair and maintenance (IRM) services announced at the end of 2024, Subsea7 has now been selected to deliver subsea umbilicals, risers and flowlines (SURF) for Türkiye’s largest natural gas field. The SURF engineering, procurement, construction and installation

about 11 months ago
One of world’s deepest interconnections to enter commercial operation in two months
Business & Finance

One of world’s deepest interconnections to enter commercial operation in two months

The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has completed a three-month testing phase, marking entry into the final stage before official commercial operation. With a budget of over €1.1 billion, the cable link connects the Attica region on th

about 11 months ago
Borr Drilling’s Prospector 1 rig; Source: Neptune Energy
Business & Finance

Borr Drilling’s hat trick: North Sea duo for one jack-up and West African job for another rig

Borr Drilling, an offshore drilling player, has secured three multimillion-dollar deals for two jack-up rigs in Europe and West Africa.

about 11 months ago
Leadership change at Xodus as founder hands over CEO role to Subsea7 exec
Business & Finance

Leadership change at Xodus as founder hands over CEO role to Subsea7 exec

Global energy consultancy Xodus, an autonomous Subsea7 subsidiary since 2018, has appointed a new chief executive officer (CEO) as the company founder decided to step down from the role. Xodus Founder Steve Swindell is stepping down from the CEO role after 20 years with the firm, set to be succeeded

about 11 months ago
Golar LNG's FLNG Hilli Episeyo; Credit: Seatrium
Business & Finance

Golar LNG entrusts Seatrium with FLNG upgrade ahead of 20-year job in Argentina

Golar LNG has put Seatrium in charge of refurbishing its floating liquefied natural gas (FLNG) unit before it embarks on its multi-year assignment at Argentina’s LNG project on the South American country’s Atlantic coast.

about 11 months ago
Nauticus wraps up initial tether-less survey scope for Shell in Gulf of Mexico
Business & Finance

US fully electric-operated AUV reaches ‘record depth’ of 2,300 meters

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has reached a new depth record of 2,300 meters underwater with its fully electric-operated autonomous underwater vehicle (AUV). The Aquanaut Mark 2 AUV reached the record depth during its qualification testing,

about 11 months ago
FPSO Raroa operating at the Maari field; Source: MODEC
Business & Finance

New Zealand prolongs oil production lifespan of OMV’s 16-year-old field to 2037

OMV New Zealand, a subsidiary of Austria’s OMV, has received a multi-year extension of the petroleum mining permit (PMP) 38160, which encompasses an oil field that has been producing hydrocarbons since 2009 off the coast of New Zealand.

about 11 months ago
Three players pool resources on Thai carbon capture and storage gig to speed energy transition
Business & Finance

JGC-Technip Energies consortium in FEED battle for Inpex’s 20 billion LNG project and FPSO

A consortium, consisting of JGC Indonesia, a subsidiary of Japan’s JGC Holdings Corporation, and Indonesian affiliates of Technip Energies, has confirmed its participation in a competitive dual front-end engineering and design (FEED) portion of work and engineering procurement and construction (EPC)

about 11 months ago
JDR cables to electrify Eni’s UK carbon capture and storage project
Business & Finance

JDR cables to electrify Eni’s UK carbon capture and storage project

UK-based manufacturer of subsea and power cables JDR Cable Systems, part of TFKable Group, is set to supply subsea power cables for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. JDR will deliver around 100 kilometers of 33 kV subsea cables fo

about 11 months ago
Hanwha
Business & Finance

South Korea’s Hanwha to pour $5B into US Philly Shipyard, orders new batch of ships

South Korean shipbuilder Hanwha Group has unveiled a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting the growth of the U.S. shipbuilding industry through a $150 billion investment fund.

about 11 months ago
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