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Business & Finance

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George W. Goethals
Business & Finance

Jan De Nul orders rock installation vessel for protection of subsea infrastructure

Jan De Nul has ordered a new subsea rock installation vessel (SRIV) in response to the growing global demand for the protection of underwater infrastructure. The vessel will primarily focus on projects in the energy sector, with the North Sea and Southeast Asia regions being the core of its operatio

about 1 year ago
Illustration; Source: Serica Energy
Business & Finance

$25.6M acquisition expanding Serica’s North Sea footprint

The UK-based upstream oil and gas player Serica Energy has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream from Prax Exploration & Production.

about 1 year ago
BP’s Andrew field; Source: BP
Business & Finance

BP entrusts Three60 Energy and AF Offshore JV with decom gig at North Sea field

BP has hired a new joint venture (JV) between Three60 Energy (THREE60) and AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, on a multimillion-pound assignment for integrated decommissioning services at its field on the UK Continental Shelf (UKCS).

about 1 year ago
floating solar, source: Ciel & Terre
Business & Finance

France commissions 23 MWp floating solar project

A 23 MWp floating solar plant has been commissioned at the Arroux gravel pits in Saone-et-Loire, French floating solar company Ciel & Terre said. The project spans five lakes and includes 40,000 solar panels connected to 50 inverters. According to Ciel & Terre, the annual output is estimated at arou

about 1 year ago
Solstad Maritime's CSV stays with DeepOcean for another year
Business & Finance

Solstad Maritime’s CSV stays with DeepOcean for another year

Norway’s Solstad Maritime has secured a contract extension for one of its construction support vessels (CSVs) with DeepOcean. The one-year contract extension for the CSV Normand Ocean commences on January 1, 2026, in direct continuation of the current contract. The vessel will begin a firm contract

about 1 year ago
FPSO; Source: MODEC
Business & Finance

MODEC tasked with full scope of Guyana-bound FPSO for ExxonMobil’s $6.8B oil project

Following a final investment decision (FID) for its seventh offshore oil development in the Stabroek block, ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, has put Japan’s MODEC in charge of the full engineering, procurement, construction, and installation (EPCI) work for a flo

about 1 year ago
FPU Salamanca; Source: Audubon
Business & Finance

As first oil gushes out of Gulf of America FPU, production ramp-up coming next quarter

LLOG Exploration has brought online a deepwater project in the Gulf of America (Gulf of Mexico) using a refurbished floating production unit (FPU). The firm plans to step up its oil production game at this project in the fourth quarter of 2025.

about 1 year ago
Amendment West-1 ultra-long offset OBN survey; Source: TGS
Business & Finance

TGS embarks on multi-client OBN survey in Gulf of America

Norway-based energy data and intelligence player TGS has kicked off a new multi-client ultra-long offset ocean bottom node (OBN) data acquisition campaign in the Gulf of America (the U.S. Gulf of Mexico).

about 1 year ago
Illustration; Source: Petrobras
Business & Finance

Petrobras books Baker Hughes’ subsea trees to power Brazil’s oil & gas future

Baker Hughes has landed a new order for subsea trees and associated equipment, which will be deployed at multiple oil and gas assets operated by Brazil’s state-owned energy giant Petrobras.

about 1 year ago
Blue Marlin transports Congo-bound FPU; Source: Boskalis
Business & Finance

Boskalis vessel carrying Congo-bound floating production unit to Angola

Dutch offshore services provider Boskalis is using one of its semi-submersible heavy-lift and transportation vessels to move a recently converted floating production unit (FPU) to Angola.

about 1 year ago
Tripartite partnership set up for global survey-augmented ROV services
Business & Finance

Tripartite partnership set up for global survey-augmented ROV services

French underwater robotics company Forssea Robotics has entered into an agreement with Mauritius-headquartered Deep Ocean Search (DOS) and its French sister company The Deep Company (TDC) to deploy survey-augmented remotely operated vehicle (ROV) services globally. Forssea said that this shall boost

about 1 year ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

Noble’s 2014-built drillship picks up new drilling job in Africa

U.S.-headquartered offshore drilling giant Noble Corporation has won a new drilling assignment in western Africa, which one of its drillships will carry out off the coast of Ghana.

about 1 year ago
UK firm nets cable lay award in APAC, opens office in Singapore
Business & Finance

UK firm nets cable lay award in APAC, opens office in Singapore

Aberdeen-headquartered Maritime Developments Limited (MDL) has secured a subsea installation project in the Asia Pacific (APAC) region, an award that came shortly after the opening of an office in Singapore. The award covers the laying of two cables and two umbilicals in water depths of between 800

about 1 year ago
Tiber floating production platform is based more than 85% on Kaskida's design (Kaskida rendering); Source: BP
Business & Finance

BP unlocking more US oil & gas with go-ahead for $5 billion Gulf of America project

BP has decided to move forward with its second production platform in the Gulf of America (the U.S. Gulf of Mexico) in less than two years to augment its upstream business by making a final investment decision (FID) for one of the eight to ten major projects expected to start up globally between 202

about 1 year ago
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