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Business & Finance

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CMA CGM
Business & Finance

CMA CGM plans to pour $20 billion into US maritime sector in next four years

French shipping and logistics major CMA CGM has decided to invest $20 billion over the next four years to strengthen the U.S. maritime transport and logistics, boosting the maritime economy and fostering shipbuilding capabilities.

about 1 year ago
Plants at an LNG terminal
Business & Finance

$18B expansion to make Louisiana LNG terminal ‘largest’ in North America

U.S. liquefied natural gas (LNG) export project developer Venture Global has disclosed its intention to expand its LNG facility south of New Orleans, Louisiana.

about 1 year ago
Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas
Business & Finance

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago
Tadek Ocean Engineering Expands UK Office
Business & Finance

Tadek expands UK presence, eyes offshore renewables growth

Marine engineering specialist Tadek has expanded into new UK offices as its focus on offshore wind and marine renewables sharpens. Tadek’s new offices are located in One Crown Square, Woking, near London. According to Tadek, the move comes as the company strengthens its partnerships with industry p

about 1 year ago
BlackRock
Business & Finance

BlackRock-TiL-led consortium targets $22.8B Panama port acquisition amid geopolitical uncertainty

A consortium led by American asset management giant BlackRock and Switzerland-based Terminal Investment Limited (TiL) have revealed intentions to buy the majority of port holdings belonging to Hong Kong-based CK Hutchison in a deal estimated at $22.8 billion. According to a joint statement by the pa

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Business & Finance

WATCH: Transocean rig on its way to kick off 10-well drilling gig

One of the semi-submersible rigs, owned by Transocean, is on the move to reach an offshore site where it will embark on a multi-well drilling campaign to unlock natural gas from a project in the Black Sea.

about 1 year ago
FPSO Raia; Source: Equinor
Business & Finance

MODEC cheers new ‘milestone’ for Brazil-bound FPSO as workforce earns brownie points

MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time acc

about 1 year ago
Golden Pass LNG
Business & Finance

US bestows export permit extension on Golden Pass LNG terminal as start-up edges closer

The U.S. Department of Energy (DOE) has handed out its third liquefied natural gas (LNG) approval since President Donal J. Trump returned to the White House, enabling more time to start LNG exports from the Golden Pass LNG terminal (GPX) export project in Sabine Pass, Texas.

about 1 year ago
A vessel next to a larger vessel
Business & Finance

Norwegian firm moves to become sole owner of Avenir LNG

After finalizing the acquisition of 95% of the shares of the UK-based midstream LNG & BioLNG company Avenir LNG, Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has disclosed its intention to buy the latter’s remaining shares.

about 1 year ago
A large vessel at sea with two smaller vessels behind and next to it
Business & Finance

Vaalco secures multi-million loan to fund growth projects across assets

Houston-based energy player Vaalco Energy has entered into a revolving credit facility to provide short-term funding for its planned investment programs over the next few years.

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Business & Finance

BP to fast-track tie-backs as drilling ops with Valaris rig unleash more gas

BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
CMB.TECH
Business & Finance

CMB.TECH buys into dry bulk shipping firm Golden Ocean

Belgian shipowner CMB.TECH has entered into an agreement to acquire around 41% shares in dry bulk shipping company Golden Ocean Group (GOGL) as part of its diversification strategy.

about 1 year ago
With certificate of registry in place, 7-meter USV first uncrewed seagoing vessel to fly Dutch flag
Business & Finance

With certificate of registry in place, 7-meter USV first uncrewed seagoing vessel to fly Dutch flag

VO:X Barentsz, the fifth uncrewed survey vessel (USV) developed through the joint effort of Dutch Van Oord and DEMCON Unmanned Systems, has secured a certificate of registry in the Netherlands, becoming the first uncrewed seagoing vessel to fly the Dutch flag. VO:X Barentsz, Van Oord’s first USV spe

about 1 year ago
Nauticus Robotics makes first step to acquire subsea robotic services provider
Business & Finance

Nauticus Robotics makes first step to acquire subsea robotic services provider

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has initiated a process to acquire compatriot SeaTrepid International, a provider of subsea robotic services. Nauticus Robotics reported it had signed a definitive agreement to acquire all of the assets and busi

about 1 year ago
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