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Business & Finance

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Platinum Explorer; Source: Vantage Drilling
Business & Finance

Sanctions send ripples through offshore drilling realm as Vantage’s rig deal dissolves

A drilling assignment for a 15-year-old drillship from a rig fleet operated by Vantage Drilling International, a Bermuda-exempted offshore drilling contractor, has been axed amid imposed sanctions.

about 11 months ago
McDermott finishes debut subsea project in Angola for TotalEnergies
Business & Finance

McDermott finishes debut subsea project in Angola for TotalEnergies

U.S. offshore engineering and construction firm McDermott has delivered its first subsea project in Angola, as part of which it worked for TotalEnergies on the Begonia field development. McDermott announced on October 16 the completion of engineering, procurement, construction, installation (EPCI),

about 11 months ago
Singapore gives conditional approval for renewable energy import from Sarawak
Business & Finance

Singapore gives conditional approval for renewable energy import from Sarawak

The Energy Market Authority of Singapore (EMA) has given its conditional approval for the import of renewable energy from Sarawak in Malaysia to Singapore through subsea cables spanning over 700 kilometers. Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries, and Sarawak Energy Berh

about 11 months ago
Rendering of an LNG terminal
Business & Finance

Rio Grande growing: NextDecade okays fifth train at Texas LNG plant

Houston-headquartered NextDecade Corporation has made a positive final investment decision (FID) on the fifth train at its liquefied natural gas (LNG) export project in Texas.

about 11 months ago
HMM
Business & Finance

HMM places major order for 12 LNG-powered boxships, 2 VLCCs

South Korean shipping company HMM has ordered a fleet of containerships and very large crude carriers (VLCCs) worth KRW 4 trillion (about $2.9 billion).

about 11 months ago
WATCH: NKT Eleonora gets first taste of water
Business & Finance

WATCH: NKT Eleonora gets first taste of water

NKT’s cable-laying vessel (CLV) NKT Eleonora has entered the water for the first time following the launch of its aftship, set to be connected to the foreship at a separate location. The official keel laying took place on January 15 at one of VARD’s facilities in Romania, some two months after the f

about 11 months ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

Triple contract win for Saipem in Azerbaijan valued at $600M

Italian engineering, drilling, and construction services firm Saipem has secured three new contracts for a gas project in Azerbaijan operated by UK-headquartered energy giant BP, which together have a value of approximately $600 million. The offshore contracts were awarded in consortium with BOS She

about 11 months ago
DeepOcean charters Glomar vessel to expand offshore wind and oil & gas capabilities
Business & Finance

DeepOcean charters Glomar vessel to expand offshore wind and oil & gas capabilities

Ocean services provider DeepOcean has entered into a time charter agreement with Glomar Offshore for a 2009-built multipurpose support vessel to enhance its survey and inspection, maintenance and repair (IMR) offering in the offshore wind and oil & gas sectors. Glomar Supporter will join DeepOcean’s

about 11 months ago
Skandi Olympia
Business & Finance

DOF continues its winning streak with Petrobras with two new contracts

Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy company Petrobras that have a combined value of approximately $200 million. Skandi Chieftain and Skandi Olympia have been awarded four-year charters, with both vessels to operate with one work-c

about 11 months ago
George W. Goethals
Business & Finance

New Jan De Nul subsea rock installation vessel to sport Seatools’ fall pipe ROV

The Netherlands-headquartered subsea technology company Seatools has secured a contract with Jan De Nul for the design and delivery of a fall pipe ROV for the recently ordered subsea rock installation vessel (SRIV) George W. Goethals. The fall pipe ROV, to be installed at the lower end of the vessel

about 11 months ago
Floating storage production and offloading unit Bonga at sea
Business & Finance

Shell approves Nigerian gas development to power LNG growth

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of the UK-headquartered energy giant Shell, and Nigeria’s Sunlink Energies and Resources Limited have taken a final investment decision (FID) on a gas development offshore Nigeria.

about 11 months ago
Site studies certification needed for 4 GW Dutch offshore wind zone
Business & Finance

Tekmar, Jan De Nul sign framework agreement for TenneT’s 2 GW offshore grid

Tekmar Group has signed a framework agreement with Jan De Nul for the engineering, manufacturing, and supply of the cable protection system (CPS) for TenneT’s 2 GW offshore grid connection program in Germany. The first awards under the agreement cover two projects. Work has commenced immediately on

about 11 months ago
Bourne Tidal Test Site test structure (Courtesy of MRECo)
Business & Finance

Massachusetts backs tidal and wave energy with $1.9 million grant

The Marine Renewable Energy Collaborative (MRECo), a non-profit corporation dedicated to the sustainable development of ocean renewable energy, has been awarded nearly $1.9 million from the Massachusetts Clean Energy Center (MassCEC) to upgrade and expand its tidal and wave energy test sites, suppor

about 11 months ago
Valaris DS-12 drillship; Source: Valaris
Business & Finance

BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East

Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP.

about 11 months ago
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