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Business & Finance

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Pioneering Spirit removes Eider Alpha platform; Source: Allseas
Business & Finance

WATCH: Allseas, TAQA pull off North Sea decom milestone with 11,600-tonne platform removal

Allseas has added a new decommissioning feat to its book of achievements with the removal of a platform in the Northern North Sea (NNS).

about 11 months ago
LNG carrier; Courtesy of Wärtsilä
Business & Finance

Wärtsilä and TMS Cardiff Gas renew LNG heptad deal for vessel ops support

Finnish technology group Wärtsilä is staying longer on the liquefied natural gas (LNG) carrier lifecycle duty with Greece’s TMS Cardiff Gas, part of TMS, thanks to a multi-year deal for seven LNG vessels.

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about 11 months ago
NKT invests in cable lay barge from Boskalis
Business & Finance

NKT invests in cable lay barge from Boskalis

Danish power cable manufacturer and installation firm NKT has made an investment in a cable lay barge from Dutch Boskalis, further strengthening its offshore cable installation tools and capabilities. NKT is planning to upgrade the Boka Constructor and modernize it for near-shore cable laying and bu

about 11 months ago
C40 Cities
Business & Finance

UCL: Climate transition could hit South Korean, Chinese, and European shipping financiers hardest

European, Chinese and South Korean financiers have over half of their portfolio tied to oil and gas carriers that are most at risk of becoming stranded assets in the global rush to shift to a low-carbon energy system, a new report by UCL’s Energy Institute Shipping and Oceans Research Group suggests

about 11 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

$28 billion US LNG project in the Pelican State clears key regulatory export checkpoint

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has received the final seal of approval to export up to 3.96 billion cubic feet (bcf) per day of U.S. natural gas as liquefied natural gas (LNG) to non-free trade agreement (FTA) countries from it

about 11 months ago
Haesong Kepco
Business & Finance

Haesong Offshore Wind, KEPCO partner on smart fault detection tech for subsea cables

South Korea’s Haesong Offshore Wind has signed a Memorandum of Understanding (MoU) with Korea Electric Power Corporation (KEPCO) to introduce Smart Fault Locator (SFL) technology for submarine cable fault detection. The Haseong Offshore Wind 1-3 projects are managed and funded by Copenhagen Infrastr

about 11 months ago
Funding to accelerate 'sea snake' wave energy converter toward sea trials
Business & Finance

Funding to accelerate ‘sea snake’ wave energy converter toward sea trials

UK’s national innovation agency Innovate UK has awarded a £750,000 (approximately €861,630) grant to a Wiltshire-based company to help advance the technology readiness and performance of its ‘sea snake’ wave energy converter (WEC) and pave the way for future sea trials at the Welsh Marine Energy Tes

about 11 months ago
Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships
Business & Finance

Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships

Taiwanese container shipping company Evergreen Marine Corporation has commissioned Chinese and South Korean shipyards to build a total of 14 LNG dual-fuel containerships in its latest fleet expansion move.

about 11 months ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

Cronos nexus unbound: Egypt and Cyprus put pen to paper for gas field development

With the aim of strengthening energy security through strategic collaboration, Egypt and Cyprus have inked multiple commercial agreements for a natural gas project, which will forge an energy bond between the two countries, enabling Cypriot gas to reach Egypt’s infrastructure.

about 11 months ago
‘World’s largest’ cable laying vessel launches, sea trials on schedule
Business & Finance

‘World’s largest’ cable laying vessel launches, sea trials on schedule

Jan De Nul has launched its first XL cable-laying vessel (CLV), Fleeming Jenkin, with the final vessel construction phase now starting, including sea trials. Jan De Nul announced in October 2023 that it had placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard, followed by an order for

about 11 months ago
Scarabeo 9 rig at sea
Business & Finance

Saipem’s rig trio rakes in millions for jobs with Eni in Africa, Mediterranean, and Far East

Saipem has boosted its offshore drilling order intake with new multimillion-dollar contracts and extensions that are perceived to reinforce its presence in key strategic areas, such as West Africa, the Mediterranean, and the Far East. As a result, three rigs will be on drilling duty with Eni, an Ita

about 11 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras cracks the code to turn rejection into approval: Go-ahead for drilling ops in hand

Brazil’s state-owned energy giant Petrobras has cleared the regulatory hurdle for its planned drilling activities in the Foz do Amazonas Basin, which is located in the northern offshore region of Brazil, near the mouth of the Amazon River.

about 11 months ago
Swedish tidal energy developer sees South Korea as ‘highly attractive market’
Business & Finance

Swedish tidal energy developer sees South Korea as ‘highly attractive market’

Swedish tidal energy developer Minesto has taken part in a high-level delegation visit to South Korea, a country that the company finds highly attractive due to its “extensive tidal and ocean current resources”. Minesto CEO Martin Edlund was part of a Swedish high-level delegation to South Korea aim

about 11 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig drawing Beach Energy’s first chapter of Australian drilling campaign to a close

Beach Energy is edging closer to the end of the first phase of its drilling program in Australian waters, which is being conducted by a rig owned by Transocean, an offshore drilling giant.

about 11 months ago