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Business & Finance

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Business Developments & ProjectsGreen MarineInfrastructurePorts & LogisticsProject & TendersExploration & ProductionAuthorities & GovernmentRegulation & PolicyVesselsTransitionCollaborationInnovationOutlook & StrategyTechnologyRules & RegulationCarbon Capture Usage & StorageEnvironmentMarket OutlooksResearch & DevelopmentStorage
Port of Açu and Yamna earmark land for 1 mtpa green ammonia plant
Business & Finance

Port of Açu and Yamna earmark land for 1 mtpa green ammonia plant

London-based Yamna has signed a land reservation agreement with the Brazilian Port of Açu to develop a green ammonia plant.

about 1 year ago
FPU Salamanca; Source: Audubon
Business & Finance

First oil from ‘world class’ Gulf of Mexico project on track for mid-2025 as FPU nears completion

U.S.-headquartered LLOG Exploration is closing in on the first oil production from a deepwater project in the U.S. Gulf of Mexico as a floating production unit (FPU) destined for work at this oil development achieves refurbishment progress, which is expected to be wrapped up soon.

about 1 year ago
COSL Innovator rig; Source: COSL
Business & Finance

Phased FPSO restart underway as COSL prepares to drill next well in North Sea

Serica Energy is progressing with a phased restart of oil and gas production at an FPSO in the North Sea, which is working on its oil and gas assets on the UK Continental Shelf (UKCS).

about 1 year ago
An offshore platform with a vessel next to it
Business & Finance

PM wants Vietnam’s first LNG power plants online by June as delays loom

Following delays related to the startup of Vietnam’s liquefied natural gas (LNG) projects under development announced at a recently held industry event, the country’s Prime Minister has called for stepping up the ante on starting their commercial operation.

about 1 year ago
50Hertz finds contractors for boulder removal campaign
Business & Finance

Axess wins cable installation contract for 50Hertz German grid connection project

Axess Technologies has been awarded a cable installation contract by Greece-headquartered Hellenic Cables for the Ostwind 3 grid connection project, located in the German Baltic Sea. The scope of work comprises planning and pulling internal platform cables into the offshore high-voltage (HV) substat

about 1 year ago
Blocks offshore Uruguay; Source: Challenger Energy
Business & Finance

Farm-out process offshore Uruguay and decision on assets in Trinidad & Bahamas coming in mid-2025

Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay.

about 1 year ago
PaxOcean receives order for methanol-ready offshore construction vessel newbuilds
Business & Finance

PaxOcean receives order for methanol-ready offshore construction vessel newbuilds

PaxOcean has unveiled an order for up to four methanol-ready offshore construction vessels (OCVs) from an unnamed European shipowner. PaxOcean said it has signed shipbuilding contracts for two OCVs with a “renowned European shipowner” for delivery in 2027 and an option for two additional vessels. Me

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Business & Finance

SBM Offshore takes slice of Ocean-Power ownership pie

On a mission to boost its decarbonization arsenal, SBM Offshore has become the owner of a minority stake in Norway’s Ocean-Power.

about 1 year ago
Danish companies set up autonomous subsea survey system partnership
Business & Finance

Danish companies unite to provide integrated autonomous subsea survey system

Danish maritime technology companies EIVA and Tuco Marine have set up a new partnership to provide integrated autonomous systems for inspecting subsea assets. The idea includes Tuco Marine’s ProZero 8m Naval Intelligence uncrewed surface vessel (USV) sailing to an area of interest and launching EIVA

about 1 year ago
Petrobras hit with arbitration proceeding over alleged subsea pipeline repair failures
Business & Finance

Petrobras hit with arbitration proceeding over subsea pipeline repair failures

Seacrest Petroleo, an independent oil & gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Brazil’s Espírito Santo, has filed an arbitration request against Brazil’s state-owned oil & gas giant Petrobras over alleged subsea pipeli

about 1 year ago
COSL Pioneer rig; Source: COSL Drilling Europe
Business & Finance

COSL rig to spin the drill bit at North Sea wildcat this month

Vår Energi has secured a drilling permit from the country’s authorities to spud an exploration well in the North Sea, off the coast of Norway, using one of COSL Drilling Europe’s semi-submersible rigs.

about 1 year ago
Fast4Ward design; Source: SBM Offshore
Business & Finance

SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts

With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are antici

12 minutes read
Illustration. Source: BOEM
Business & Finance

Biden’s US offshore oil & gas drilling ban throws a spanner in the works but ‘drill, baby, drill’ still on Trump’s energy agenda

President Joe Biden’s legacy has now added an offshore drilling ban, spanning over 625 million acres of the U.S. ocean, to the mix.

11 minutes read
Provaris, Uniper and Norwegian Hydrogen move forward with hydrogen supply deal
Business & Finance

Provaris, Uniper and Norwegian Hydrogen move forward with hydrogen supply deal

Provaris Energy, Uniper Global Commodities and Norwegian Hydrogen have signed a conditional term sheet for the supply, transport and offtake of hydrogen from Nordics to North-Western Europe.

about 1 year ago
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