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Business & Finance

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A large vessel at sea
Business & Finance

Efforts ongoing to unlock West of Shetland trio’s hydrocarbon arsenal

Ithaca Energy, a North Sea oil and gas operator and producer, has reported significant progress toward unlocking long-term value creation in the West of Shetland area through targeted value-led investment into three oil and gas projects being developed on the UK Continental Shelf (UKCS).

about 11 months ago
Equinor places order for all-electric subsea production system with OneSubsea
Business & Finance

Equinor places order for all-electric subsea production system with OneSubsea

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured an engineering, procurement and construction (EPC) contract by Norwegian state-owned energy company Equinor to deliver an all-electric subsea production system (SPS) for the Fram Sør field offshore Norway. The award fo

about 11 months ago
SWITCH Maritime bags $2 million for NY’s first hydrogen fuel cell-electric ferry
Business & Finance

SWITCH Maritime bags $2 million for NY’s first hydrogen fuel cell-electric ferry

The U.S. shipowner SWITCH Maritime has secured $2 million in funding to develop and demonstrate New York’s first hydrogen fuel cell-electric ferry.

about 11 months ago
AHTS Normand Turmalina; Source: Solstad Offshore
Business & Finance

$65 million for Solstad vessel duo’s prolonged stay with Brava Energia and Ocean Infinity

Solstad Offshore has secured more time for an anchor handling tug supply (AHTS) and a construction support vessel (CSV) to stay on their current assignments with Brazil’s Brava Energia and Ocean Infinity.

about 11 months ago
Naming ceremony Karpowership FSRU Karadeniz LNGT Powership Americas; Source: Seatrium
Business & Finance

Karpowership’s FSRU wraps up its naming ceremony at Seatrium’s yard

Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has held a naming ceremony for a floating storage regasification unit (FSRU).

about 11 months ago
PXGEO about to start its first-ever offshore seismic acquisition in Malaysia
Business & Finance

PXGEO about to start its first-ever offshore seismic acquisition in Malaysia

Marine geophysical service provider PXGEO has won its first contract in Malaysia, as part of which it will deliver offshore seismic data acquisition services using its seismic vessel PXGEO 2. The two-year agreement with a new client includes a minimum commitment of 365 days of acquisition activity o

about 11 months ago
Lake Charles LNG; Source: Energy Transfer
Business & Finance

More time for LNG terminal to kick off exports in Louisiana

Energy Transfer LNG Export, a subsidiary of U.S.-based Energy Transfer, has been given additional time to start liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries from its proposed export project on Louisiana’s Gulf Coast.

about 11 months ago
VARD takes on conversion job for 2010-built seismic vessel
Business & Finance

VARD takes on conversion job for 2010-built seismic vessel

Norway’s VARD is set to perform an extensive conversion of a seismic research vessel into a seismic source vessel for compatriot company Sanco Shipping. Following Sanco Shipping’s takeover of the PGS Apollo, now renamed Sanco Sailor, on July 31, the vessel sailed directly to Vard Langsten. VARD said

about 11 months ago
APM Terminals
Business & Finance

APM Terminals to invest $1B in India’s Andhra Pradesh ports, terminals

The Netherlands-based terminal operator APM Terminal, part of A.P. Moller – Maersk, has signed a memorandum of understanding (MoU) with India’s Government of Andhra Pradesh, through the Andhra Pradesh Maritime Board (APMB), to accelerate port and terminal development in the state.

about 11 months ago
World-first third party CO2 storage facility begins operating with first injection completed
Business & Finance

World’s first third-party CO2 storage facility begins operating as first injection takes place

Joint venture partners Equinor, Shell and TotalEnergies have injected and stored the first CO2 volumes at the Northern Lights CO2 project in the Norwegian North Sea, marking the start of operations of what is said to be the world’s first third-party CO2 transport and storage facility. The first CO2

about 11 months ago
COSL Innovator; Source: Serica Energy via LinkedIn
Business & Finance

Fresh oil & gas discovery springs up in North Sea

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea, using one of COSL Drilling Europe’s semi-submersible rigs.

about 11 months ago
CMA CGM switches Syria’s €200M Latakia port expansion project into high gear
Business & Finance

CMA CGM switches Syria’s €200M Latakia port expansion project into high gear

French shipping and logistics major CMA CGM has decided to accelerate the launch of the second phase of the Latakia Port expansion project in Syria.

about 11 months ago
Scarborough FPU; Source: Woodside
Business & Finance

$12.5 billion gas project out of legal woods as court ruling ends up in Woodside’s favor

Australia’s energy giant Woodside has welcomed the Federal Court’s decision to validate the go-ahead for an environmental plan related to its giant gas project off the coast of Western Australia.

about 11 months ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig staying one year longer with Chevron in Angola

UAE-headquartered offshore drilling contractor Shelf Drilling has secured a contract extension in West Africa with Cabinda Gulf Oil Company (CABGOC), a subsidiary of the U.S.-headquartered energy giant Chevron.

about 11 months ago
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