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Business & Finance

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Troll A platform; Source: Jan Arne Wold/Elisabeth Sahl - Equinor
Business & Finance

Giant North Sea field sets ‘historic’ gas production record

Equinor has achieved a new production milestone at its natural gas asset in the North Sea, which is said to be the largest oil and gas field off the coast of Norway.

about 1 year ago
'Largest subsea rock installation vessel in industry' to join Boskalis' fleet in 2026
Business & Finance

‘Largest subsea rock installation vessel in industry’ to join Boskalis’ fleet in 2026

Dutch offshore services provider Boskalis is set to welcome a new subsea rock installation (SRI) vessel to its fleet in 2026, described by the company as the largest such vessel in the industry. The vessel, named Windpiper, is being developed by converting an existing new vessel under the supervisio

about 1 year ago
Temis MSU DP3 flotel; Source: Nortrans Offshore
Business & Finance

Saipem picks 2015-built flotel for work on giant ‘most prominent’ gas project

Nortrans has found a job for a 2015-built maintenance and support unit, which is part of its managed fleet.

about 1 year ago
Three TDI-Brooks vessels begin 2025 in Africa
Business & Finance

Three TDI-Brooks vessels begin 2025 in Africa

U.S.-headquartered TDI-Brooks is taking three of its vessels for work in West and Northwest Africa in the first quarter of 2025. The 75-meter-long DP-II vessel Nautilus, which joined TDI-Brooks’ fleet in the summer of 2023, is headed to Namibia for a deepwater “heavy” geotechnical project where it w

about 1 year ago
Anchor FPU; Source: Chevron
Business & Finance

Spotlight on oil & gas legacy of 2024: Three biggest hydrocarbon projects to turn production mode on

The top three fossil energy projects, which came into operation during 2024, reflect the prevailing market trends of entwining dynamic hydrocarbon and alternative greener plays driven by the security of supply pursuits with strong decarbonization currents to enable the industry players to come to gr

about 1 year ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

TotalEnergies and Vantage Drilling launch rig joint venture

Vantage Drilling has established a new joint venture (JV), named TEVA Ship Charter (TEVA), with France’s energy giant TotalEnergies, which will acquire a drillship currently working off the coast of Congo.

about 1 year ago
Illustration; Source: Brava Energia
Business & Finance

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Zinus welcomes $4 million investment to boost shore power solutions
Business & Finance

Zinus welcomes $4 million investment to boost shore power solutions

Singapore’s Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment.

about 1 year ago
FPSO GTA; Source: BP
Business & Finance

BP celebrates first gas from its deepwater ‘megaproject’ offshore Africa

BP has tucked a first gas flow milestone under its belt off the coasts of Mauritania and Senegal at a gas project that is said to be the biggest one in the oil major’s portfolio and one of the deepest, most complex gas developments in Africa.

about 1 year ago
Offshore Energy’s top five hydrogen stories of 2024
Business & Finance

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Business & Finance

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

17 minutes read
UKSC development and decommission capex, from Wood Mackenzie
Business & Finance

North Sea decommissioning grapples with delays despite government incentives

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial hurdles prevent the rapid shutdown of offshore assets on the UK Continental Shelf (UKCS), according to a new analysis from Wood Mackenzie, an energy intelligence group. While the UK Government’s En

about 1 year ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business & Finance

US research program awards $1.9M to marine energy projects

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 15 marine energy projects and allocated nearly $1.9 million through its fourteenth request for technical support (RFTS). According to TEAMER, technical expertise and access to facilities will be provided, e

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

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

14 minutes read
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