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Business & Finance

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FPSO Petrojarl I; Courtesy of Amplus Energy
Business & Finance

39-year-old FPSO going to Las Palmas to get ready for redeployment

Amplus Energy has picked Spain’s Astican Shipyard in Las Palmas de Gran Canaria off the northwest coast of Africa to undertake the work scope related to the preparation for the redeployment of a floating production, storage, and offloading (FPSO) vessel, seen as one of the offshore industry’s most i

about 1 year ago
Marubeni
Business & Finance

Marubeni unveils investment in Gearbulk

Japanese sōgō shōsha Marubeni Coporation has decided to invest in Gearbulk Holding AG, the world’s ‘largest’ open hatch shipping operator, based in Switzerland.

about 1 year ago
Port of Gdańsk; Source: Gaz-System
Business & Finance

Poland’s FSRU project taking shape as onshore segment makes new inroads

Poland’s gas transmission system operator, Gaz-System, has disclosed progress in the construction of the onshore section of the country’s floating storage and regasification unit (FSRU) in the Gulf of Gdańsk.

about 1 year ago
A visualization of LS Marine Solution's new cable laying vessel
Business & Finance

LS Marine Solution invests €221 million in new high-spec cable laying vessel

South Korean subsea cable installation company LS Marine Solution is investing KRW 345.8 billion (approximately €221 million) in a cable laying vessel (CLV) with a load capacity of 13,000 tons. The company said on May 27 that the decision to invest in the new CLV comes as LS Marine Solution aims to

about 1 year ago
TotalEnergies and partners to import clean energy from Indonesia to Singapore via subsea interconnector
Business & Finance

TotalEnergies and partners to import clean energy from Indonesia to Singapore via subsea interconnector

French energy giant TotalEnergies and Singapore-headquartered RGE, a group operating in the bio-based resources and energy sectors, have joined forces to develop a large-scale solar and battery storage project in Indonesia whose renewable power will be exported to Singapore through a subsea intercon

about 1 year ago
Flex Courageous vessel at sea
Business & Finance

Flex LNG secures first of three planned vessel refinancing deals

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has completed the lease financing for one of the vessels from its fleet.

about 1 year ago
Sea Lion FPSO and Phase 1 & 2 development layout; Source: Navitas
Business & Finance

Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project

Israel’s Navitas Petroleum has put off a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), pushing it to the second half of the year for Phase 1 to put a financing plan in place.

about 1 year ago
FPU Osman Gazi; Source: Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources via X
Business & Finance

WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026

As part of its efforts to wean itself off energy imports and bolster its domestic production capacity, Türkiye has sent its first-ever floating production unit (FPU) on a journey to the Black Sea, where it is expected to enable a twofold increase in gas production from the country’s giant deepwater

about 1 year ago
Illustration; Source: ADNOC Drilling
Business & Finance

15-year drilling assignment enables rig duo to rake in $1.15 billion

ADNOC Drilling has expanded its workload with ADNOC Offshore, a compatriot oil and gas heavyweight, by securing another multi-year drilling campaign in the Middle East, which will be undertaken by two of its jack-up rigs.

about 1 year ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Business & Finance

Lukoil boosts its share in huge offshore sour gas project as OMV exits

Austria-headquartered oil and gas player OMV has struck a deal with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a giant sour gas development off the coast of the United Arab Emirates (UAE).

about 1 year ago
FPSO Armada Sterling II; Source: Shapoorji Pallonji Oil & Gas
Business & Finance

Bumi Armada irons out FPSO deal in India

Bumi Armada has sorted out the arrangements for the operation and maintenance (O&M) of a floating production storage and offloading (FPSO) vessel working for Oil and Natural Gas Corporation (ONGC) off the coast of India.

about 1 year ago
Welsh Government-backed project to design and develop tidal stream turbine blades
Business & Finance

Wales backs next-gen tidal stream turbine blade project

A new Welsh Government-backed project aims to design and develop next-generation tidal stream turbine blades, with a focus on increasing efficiency, durability, and overall performance in marine energy systems. Based in Broughton, the Advanced Manufacturing Research Centre (AMRC) Cymru will work alo

about 1 year ago
Island Frontier
Business & Finance

Norwegian vessel at work for Oceaneering in Africa, North Sea comeback in August

A multi-service vessel (MSV) owned by Norway’s Island Offshore has completed a campaign in West Africa for U.S. subsea engineering and applied technology firm Oceaneering and is getting ready for the next project in the region. The 106-meter-long Island Frontier, delivered to the owner in 2004, is c

about 1 year ago
Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

2014-built drillship embarks on Eni’s hydrocarbon search in African waters

Eni Ghana, a subsidiary of Italy’s energy giant Eni, has kicked off drilling activities off the coast of Ghana with a seventh-generation drillship, which previously worked for the Italian player in Côte d’Ivoire, Africa.

about 1 year ago
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