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Business & Finance

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Business Developments & ProjectsEquipmentOutlook & StrategyVisionExploration & ProductionProject & TendersInfrastructureGreen MarineVesselsMarket OutlooksCollaborationOperations & Maintenance
Kraken wraps up $17 million purchase of US underwater LiDAR technology company
Business & Finance

Kraken wraps up $17 million purchase of US underwater LiDAR technology company

Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, a subsea technology and services company specializing in high-resolution LiDAR imaging and measurements. Kraken Robotics announced on March 13 that it had, through a subsidiary, signed a defin

about 1 year ago
Shelf Drilling Winner jack-up rig; Source: Shelf Drilling
Business & Finance

TotalEnergies cuts short Shelf Drilling rig’s North Sea gig

TotalEnergies has decided to break off a deal for a drilling assignment, which a jack-up rig owned by Shelf Drilling, a UAE-headquartered offshore drilling contractor, is carrying out in the North Sea off the coast of Denmark.

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

Quest to boost oil production sets SLB and Stimwell up for five more years with Aker BP

Aker BP has decided to prolong its alliance agreement with SLB and Stimwell Services in a bid to speed up and increase oil production by keeping the Well Intervention and Stimulation Alliance busy for five more years.

about 1 year ago
Brunsbüttel LNG terminal; Source: RWE
Business & Finance

Germany on energy security mission: Worley to breathe life into LNG terminal’s next chapter

Worley has been tasked with bringing the next phase of a liquefied natural gas (LNG) terminal in Germany to life, thanks to a deal with Deutsche Energy Terminal (DET), part of the German Federal Ministry for Economic Affairs and Climate Action and a state-owned operator of four terminals.

about 1 year ago
Balmoral Comtec has invested £1 million (approximately $1.3M) in a new Wave and Current Simulation Facility at Balmoral Business Park in Aberdeen.
Business & Finance

Balmoral Comtec invests $1.3M in wave and current simulation facility

Balmoral Comtec, part of Balmoral Group, has invested £1 million (approximately $1.3M) in a new wave and current simulation facility at Balmoral Business Park in Aberdeen. According to Balmoral Comtec, the facility is designed to simulate surface, subsea, and seabed conditions for testing offshore

about 1 year ago
Mahogany A platform; Source: Energy Chamber of Trinidad and Tobago
Business & Finance

BP’s fourth subsea gas project is a go as new discovery springs up in Trinidad and Tobago

BP Trinidad and Tobago (bpTT), a subsidiary of the UK-based energy giant BP, has found more gas and taken a final investment decision (FID) for a natural gas project off Trinidad’s southeast coast.

about 1 year ago
Kongsberg Maritime to equip DOF’s next-gen offshore support vessel
Business & Finance

Kongsberg Maritime to equip DOF’s next-gen offshore support vessel

Kongsberg Maritime has secured a contract to deliver an integrated package of equipment for a new offshore support vessel (OSV) that Polish shipbuilder CRIST S.A. is constructing for Norwegian vessel owner DOF Group. Designed by MMC Ship Design, the 110-meter long DP3 ice-class vessel named Sea Drag

about 1 year ago
A.P. Moller Holding wants to take Svitzer private again
Business & Finance

A.P. Moller Holding wants to take Svitzer private again

Danish investment company A.P. Moller Holding, the largest shareholder in towage services provider Svitzer, has decided to buy out all of the latter’s shares, moving it from a public company to a private one. A.P. Moller Holding has, through its wholly owned subsidiary APMH Invest, unveiled a recomm

about 1 year ago
An offshore platform
Business & Finance

UK firm broadens US presence with deepwater assets buy

London-based INEOS Energy has completed the acquisition of the U.S. Gulf business previously held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of China National Offshore Oil Corporation (CNOOC) International. According to INEOS Energy, the deal increases its production globally to over 90

about 1 year ago
SRC looking to expand global reach with new partner on board
Business & Finance

SRC looking to expand global reach with new partner on board

Marine and offshore solutions provider SRC Group has formed a partnership with Singapore-based engineering company SLR Synergies to expand its global footprint.

about 1 year ago
FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Brazilian FPSO on track to change hands by month end

Karoon Energy is moving forward with the acquisition of a floating production, storage, and offloading (FPSO) vessel, which is deployed on its project off the coast of Brazil.

about 1 year ago
C2X nets $100 million investment to step up green methanol game
Business & Finance

C2X nets $100 million investment to step up green methanol game

ENEOS, Maersk, and A.P. Moller Holding will invest $100 million in green methanol project developer C2X to advance its global methanol production portfolio.

about 1 year ago
TGS' new Gulf of America data acquisition to help better decision-making for oil & gas operators
Business & Finance

TGS’ new Gulf of America data acquisition to help better decision-making for oil & gas operators

Norway-based energy data and intelligence company TGS has kicked off a new multi-client ultra long offset ocean bottom node (OBN) data acquisition project in the Gulf of America, with the data expected to help oil & gas operators make more informed decisions and mitigate drilling risks. The Amendmen

about 1 year ago
Akcakoca platform; Source: Trillion Energy
Business & Finance

Gas production boost coming up next on giant Black Sea field’s horizon

Trillion Energy is a day away from resuming activities to put all the required puzzle pieces in place to increase and maintain natural gas production at its huge gas field in the Black Sea off the coast of Türkiye, thanks to a gas lift compressor system.

about 1 year ago
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