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Business & Finance

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Hapag-Lloyd and DHL boost efforts to drive adoption of sustainable marine fuels
Business & Finance

Hapag-Lloyd and DHL boost efforts to drive adoption of sustainable marine fuels

Hapag-Lloyd and DHL signed a three-year framework agreement for the purchase of Scope 3 GHG emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloyd’s fleet.

about 1 year ago
FDS2 vessel; Source: Saipem
Business & Finance

Saipem reinforces Guyana ties with $500 million job on ExxonMobil’s seventh oil project

Italy’s engineering, drilling, and construction services giant Saipem has received the green light to move forward with its multimillion-dollar assignment on an offshore oil project in the Stabroek block off the coast of Guyana from ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobi

about 1 year ago
Illustration. Source: DOF
Business & Finance

DOF pulls off $390 million hat trick for Petrobras’ subsea oil & gas inspections

Norway’s vessel owner DOF Group has secured three assignments off the coast of Brazil, enabling it to undertake subsea inspections of underwater facilities operated by Petrobras, the South American country’s state-owned oil and gas giant.

about 1 year ago
Åsgard B platform; Credit: Gudmund Nymoen/Equinor
Business & Finance

Equinor unleashes gas recovery boost in Norwegian waters with subsea upgrade

Norwegian state-owned energy giant Equinor has kicked off the next phase of its subsea compression quest in the Norwegian Sea to up the gas recovery ante at its asset off the coast of Norway.

about 1 year ago
Courtesy of TechnipFMC
Business & Finance

TechnipFMC scores work on ExxonMobil’s seventh oil chapter in Guyana

TechnipFMC has tucked under its belt a new multimillion-dollar subsea assignment, which will enable it to help ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, to bring to life an offshore oil project in Guyana’s Stabroek block.

about 1 year ago
Seatrium yard; Source: Seatrium
Business & Finance

Seatrium and Cochin Shipyard level up offshore collaboration

Seatrium has signed a memorandum of understanding (MoU) with India’s Cochin Shipyard to strengthen cooperation in the offshore sector across India and Asia.

about 1 year ago
Eagle Explorer
Business & Finance

Cypriot firm to start work in Western Hemisphere in mid-November

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has won a new contract for its vessel Eagle Explorer in the Western Hemisphere. Eagle Explorer will be deployed for ocean bottom node (OBN) source work under a contract that has a firm duration of approximate

about 1 year ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

New export route for North Sea gas output as pipeline gets thumbs-up

Given its dedication to curbing the decline in gas production over the coming years, the Norwegian Offshore Directorate (NOD) has given its seal of approval for a new gas export solution, delivering another path for gas exports from a platform in the North Sea, which enhances Norway’s energy securit

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

SLB picks up job with Petrobras for up to 35 wells in Brazilian waters

U.S.-headquartered technology player SLB has secured a multi-well ultra-deepwater assignment off the coast of Brazil, which will enable the country’s state-owned energy giant Petrobras to scale up its oil and gas production and overall performance.

about 1 year ago
FPSO development concept; Source: Finder Energy
Business & Finance

Operator taking steps to close funding gap ahead of oil project’s FID as partner ups its stake

Finder Energy, a Perth-based oil and gas exploration player, is taking steps to secure remaining funds for a final investment decision (FID), which will enable it to develop two oilfields off the coast of Timor-Leste. To this end, the firm has agreed to enable its partner to boost its interest in th

about 1 year ago
Rendering of an LNG terminal
Business & Finance

ADNOC’s XRG enters US LNG scene with stake in Lone Star State’s $18.4B project

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has wrapped up its acquisition of an interest in a liquefied natural gas (LNG) export project in Texas, United States (U.S.).

about 1 year ago
Construction starts on methanol-ready subsea rock installation vessel for offshore wind
Business & Finance

Construction starts on methanol-ready subsea rock installation vessel for offshore wind

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has commenced construction of its first subsea rock installation (SRI) vessel. The company announced in November 2024 that it had placed an order for the constructio

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

TotalEnergies to supply South Korean player with LNG until 2033

France’s energy giant TotalEnergies has secured a multi-year deal to provide liquefied natural gas (LNG) to South Korea’s HD Hyundai Chemical. This boosts the French player’s LNG sales growth.

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

Weatherford lands eight-year job with European gas producer

U.S. oilfield services company Weatherford International has secured a multi-year assignment with SNGN Romgaz, described as Romania’s largest natural gas producer and main supplier, as well as the third-largest gas producer in Europe.

about 1 year ago
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