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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsCarbon Capture Usage & StorageCertification & ClassificationEnvironmentExploration & ProductionInnovationRegulation & PolicyRules & RegulationTransitionTechnologyProject & TendersGreen MarineCollaborationEquipmentInfrastructureOutlook & StrategyPorts & LogisticsResearch & Development
FPSO EmissionZero; Source: SBM Offshore
Business & Finance

SBM Offshore’s NearZero FPSO design gets ABS’ blessing

SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has received a stamp of approval for its NearZero floating production storage and offloading (FPSO) design from the American Bureau of Shipping (ABS), a classification society.

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

Go time for Noble drillship drawing closer as 4D seismic survey over African oil fields ends

A drillship, owned by the U.S.-headquartered offshore drilling giant Noble Corporation, is slated to begin its new drilling campaign in western Africa later this month, after Tullow Ghana, a subsidiary of the UK-based Tullow Oil, wrapped up a 4D seismic survey over its fields off the coast of Ghana.

about 1 year ago
Welsh tidal energy receives €2.3 million boost from government
Business & Finance

Welsh tidal energy receives €2.3 million boost from government

Tidal energy developer Inyanga Marine Energy Group is set to improve its technology at the Morlais tidal energy site off Ynys Mon with a £2 million (around €2.36 million) equity investment from the Welsh Government.

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

Prysmian hand-picks CRP Subsea’s cable protection gear for Spanish interconnection project

Prysmian has placed an order with the UK-headquartered CRP Subsea, part of AIS, for a cable protection solution, which will be used on the submarine power interconnection between the Spanish mainland and Ceuta, a Spanish city on the North African coast.

about 1 year ago
$140 million shipping contract comes Wallenius Wilhelmsen’s way
Business & Finance

$140 million shipping contract comes Wallenius Wilhelmsen’s way

Norwegian shipping and logistics company Wallenius Wilhelmsen has signed a multi-year shipping contract, which includes direct support for its decarbonization initiatives, with an undisclosed construction and mining equipment manufacturer.

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

New job for TGS in East Mediterranean

Norway-based energy data and intelligence player TGS has landed a new assignment in the East Mediterranean with an undisclosed company.

about 1 year ago
DP World and Asian Terminals’ $100M investment expands Manila South Harbor’s capacity
Business & Finance

DP World and Asian Terminals’ $100M investment expands Manila South Harbor’s capacity

UAE-based logistics group DP World and Philippine port operator, developer, and investor Asian Terminals have invested approximately $100 million into the capacity expansion of the Manila South Harbor (MSH), the Philippines’ international trade gateway.

about 1 year ago
Equipment arriving for onward delivery to Rosebank; Credit: Alexander Simpson/Lerwick Port Authority
Business & Finance

Activity heats up at Britain’s port in support of giant oil & gas development project

Lerwick Harbour, situated at the crossroads of the North Sea and Northeast Atlantic, has confirmed an uptick in preparations for servicing Equinor’s first development phase of a controversial oil and gas field on the UK Continental Shelf (UKCS).

about 1 year ago
Paul B. Loyd Jr. rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling’s 1990-built rig moves to P&A ops in North Sea

Dolphin Drilling has confirmed that its 35-year-old semi-submersible rig is now focused on its plug and abandonment (P&A) mission in the UK sector of the North Sea.

about 1 year ago
FPSO Bonga (for illustration purposes); Source: Akselos
Business & Finance

ABS and Swiss firm making inroads in FPSO structural digital twin tech

Akselos and the American Bureau of Shipping (ABS), a classification society, have strengthened their ties by wrapping up a technical assessment for structural digital twin technology to bolster safety and minimize downtime for floating production storage and offloading (FPSO) units.

about 1 year ago
GTT acquires maritime digitalization specialist in €194 million deal
Business & Finance

GTT acquires maritime digitalization specialist in €194 million deal

French technological containment specialist Gaztransport & Technigaz (GTT) has entered into an agreement to acquire maritime data collection and analytics firm Danelec in a transaction worth €194 million.

about 1 year ago
Stena-DrillMAX drillship will drill the Macaw-1 well in Block 64; Source: Staatsolie
Business & Finance

TotalEnergies days away from drilling ops with Stena drillship offshore Suriname

TotalEnergies is getting ready to embark on drilling activities off the coast of Suriname with a drillship owned by Stena Drilling, an offshore drilling contractor.

about 1 year ago
Rendering of Commonwealth LNG; Source: Commonwealth LNG
Business & Finance

20-year gas offtake deal lands on Commonwealth LNG’s booking sheet

Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, has won a new multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for its LNG export terminal currently under development on the west bank of the Calcasieu Ship Channel at t

about 1 year ago
Girassol field; Source: TotalEnergies
Business & Finance

WATCH: Kraken Robotics’ affiliate done with work on TotalEnergies’ oil field offshore Angola

3D at Depth, a subsidiary of Kraken Robotics, has tucked its 1,000th subsea metrology under its belt, thanks to an assignment on a life extension project off the coast of Angola, West Africa, which is operated by TotalEnergies EP Angola, a subsidiary of France’s energy giant TotalEnergies.

about 1 year ago
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