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Business & Finance

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South Korea’s YPP to invest up to $3.1B in green hydrogen production in Kazakhstan
Business & Finance

South Korea’s YPP to invest up to $3.1B in green hydrogen production in Kazakhstan

YPP and Kazakh Invest have signed a framework agreement on cooperation for the implementation of a green hydrogen production project in Kazakhstan.

about 1 year ago
UK's fourth subsea electricity superhighway to sport Siemens ENergy converter stations
Business & Finance

UK’s fourth subsea electricity superhighway to sport Siemens Energy converter stations

Siemens Energy has been appointed as the preferred bidder for the delivery of two high-voltage direct current (HVDC) converter stations for the fourth out of five subsea electricity superhighways between Scotland and England. This news for the Eastern Green Link 4 (EGL4) project comes as National Gr

about 1 year ago
EnerMech
Business & Finance

EnerMech staying on with North Sea operator for two more years

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has landed a contract extension with an undisclosed operator in the North Sea.

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business & Finance

‘Exciting’ marine phenomenon at offshore gas platform ignites spark of scientific research

CSA Ocean Sciences Inc. (CSA), a marine environmental consulting firm, has shed light on a scientific discovery at an offshore natural gas platform in the Mediterranean Sea, which has spurred subsequent investigation among faculty members at Tel Aviv University and collaborating partners in the regi

about 1 year ago
1999-built Solstad vessel nets contract with Petrobras
Business & Finance

Solstad vessel built in 1999 nets contract with Petrobras

Norwegian shipping company Solstad Offshore has secured a contract with Brazilian oil & gas player Petrobras for a construction support vessel (CSV) built in 1999. The CSV Normand Pioneer will be on a bareboat contract from the vessel owner Solstad Maritime ASA (SOMA) to Solstad Offshore, which is t

about 1 year ago
SPIE Windanker cable work Germany
Business & Finance

SPIE inks another contract with Van Oord for offshore cable work in Germany

Van Oord has signed a contract with SPIE Wind Connect, part of SPIE, for the termination and testing of inter-array cables at the 315 MW Windanker offshore wind farm in Germany. Under the contract, SPIE Wind Connect will be responsible for the termination and testing of 21 61 kV inter-array cables o

about 1 year ago
A large vessel at sea
Business & Finance

ADNOC handing over stake in OMV to affiliate

Abu Dhabi National Oil Company (ADNOC) intends to transfer its stake in Austria’s oil and gas player OMV to XRG, its wholly-owned international investment company.

about 1 year ago
FPSO Jaguar; Source: SBM Offshore
Business & Finance

WATCH: SBM Offshore’s fifth Guyana-bound FPSO enters drydock

SBM Offshore has tucked a new construction milestone under its belt for a floating production, storage, and offloading (FPSO) unit destined for a sixth deepwater oil development project, operated by ExxonMobil Guyana, a subsidiary of the U.S. energy giant ExxonMobil, at the Stabroek block off the co

about 1 year ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

MMA Offshore no longer, rebrands to Cyan Renewables

Australian offshore vessel player MMA Offshore has officially rebranded to Cyan Renewables, following the acquisition by the Singapore-headquartered company last summer. To remind, Cyan Renewables, a portfolio company of Seraya Partners, closed the agreement to acquire MMA Offshore in July 2024 for

about 1 year ago
Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

OMV’s Norwegian wildcat ends up being dry

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has drilled a dry well off the coast of Norway, using a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
Sumitomo's UK-produced subsea cables to link Kent and Suffolk
Business & Finance

Sumitomo’s UK-produced subsea cables to link Kent and Suffolk

The UK National Grid has selected Sumitomo Electric Industries as the preferred bidder to supply and install 138 kilometers of subsea cable for Sea Link, a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk. Sumitomo Electric will perform the work out of its manuf

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

MODEC gives FPSO decarbonization a leg up with solid oxide fuel cell tech

As part of its toolbox of initiatives aimed at curbing the carbon footprint from its floating production, storage, and offloading (FPSO) fleet, Japan’s MODEC has tasked Eld Energy, a Norwegian fuel cell system company, with the design and manufacture scope of work for a solid oxide fuel cell (SOFC)

about 1 year ago
Seatrium
Business & Finance

Seatrium secures $400 million sustainability-linked credit facility

Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB).

about 1 year ago
First for Petrobras as it puts Strohm’s thermoplastic composite pipe to test
Business & Finance

First for Petrobras as it puts Strohm’s thermoplastic composite pipe to test

Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the first field trials with Brazilian oil & gas giant Petrobras for its TCP design, performed at water depths of approximately 1,500 meters offshore Brazil. According to Strohm, the testing and engineering assessments were conduc

about 1 year ago
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