Exail, a subsidiary of Exail Technologies, has been hired to provide 30 Quadrans attitude and heading reference systems (AHRS), which will be installed on floating production, storage, and offloading units (FPSOs) working off the coast of Brazil for Petrobras, the country’s state-owned giant.
Subsea7 has secured an engineering, procurement, commissioning and installation (EPCI) contract offshore Egypt for flexible pipelines, umbilicals, and associated subsea components for a tie-back to existing infrastructure. Subsea7 said the contract was a sizeable one, meaning it is worth between $50
French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan
MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.
Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia.
Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan.
As the global energy transition journey continues to make inroads, a carbon capture and storage (CCS) project in the G-7-AP greenhouse gas (GHG) assessment block off the northwestern coast of the Northern Territory of Australia has secured the Australian government’s backing with the award of a majo
A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way
India’s Ministry of Ports, Shipping & Waterways (MoPSW) has officially inaugurated the Sagarmala Finance Corporation Limited (SMFCL), the country’s first non-banking financial company (NBFC) in the maritime sector. Initially envisaged to be named Sagarmala Development Company Limited, SMFCL is antic
P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.
Floatel International, a Norwegian offshore accommodation provider, has won a new contract for a nine-year-old semi-submersible accommodation vessel off the coast of Australia.
Norwegian ship designer and shipbuilder VARD has launched the hybrid power cable lay and construction vessel it is building for the Japanese company Toyo Construction at its shipyard in Romania. VARD held the keel laying ceremony in September 2024 for the vessel, while this March the aft part of NB
Spanish hydrogen solutions provider H2SITE has secured funding from the EIC (European Innovation Council) Accelerator program to deploy its flagship ammonia cracking unit at a port in North-West Europe.
Longitude Engineering, part of Oslo-listed energy, marine, and engineering consultancy ABL Group, has been hired to handle detailed engineering and project management services for a Shell-operated gas project in the West Delta Deep Marine (WDDM) concession off the coast of Egypt.
