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Business & Finance

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VARD delivers PSV-turned-CLV to Canadian owner
Business & Finance

VARD hands over PSV-turned-CLV to Canadian owner

Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200

about 1 year ago
Chinese company delivers submarine cable installation in the Balkans (Video)
Business & Finance

Chinese firm delivers ‘historic’ submarine cable installation project in the Balkans (Video)

China’s ZTT Submarine Cable & System has delivered what it says is Croatia’s first submarine cable installation in over four decades, a project described as a historic and ESG-focused milestone as it aims to modernize the country’s energy system. For the Cortia Submarine Cable Project, ZTT delivered

about 1 year ago
NKT nearing finish line for its Swedish expansion project
Business & Finance

Swedish company wins $109M deal for next phase of NKT cable factory expansion

Sweden’s construction company Skanska has signed a SEK 1.2 billion (approximately $109 million) contract with Denmark-headquartered power cable manufacturer and installation firm NKT for the next stage of the cable factory expansion in Karlskrona, Sweden. According to Skanska, the agreement, booked

about 1 year ago
Hlaitan LNG carrier; Source: MOL
Business & Finance

Chinese shipyard hosts naming ceremony for another vessel in QatarEnergy’s LNG fleet expansion spree

Japan’s Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuild liquefied natural gas (LNG) carrier, which is the third one to get its name at China’s shipyard Hudong-Zhonghua Shipbuilding since September 2024, as part of QatarEnergy’s historic LNG shipbuilding program.

about 1 year ago
Noble Patriot semi-submersible rig; Source: Noble Corporation
Business & Finance

Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination

Noble Corporation has secured further work for two floaters in Nigeria with France’s TotalEnergies and in the UK with TAQA while one of its jack-up rigs also got more work in Britain with BP. However, Inpex has decided to break off the deal in Australia for one of the rig owner’s floaters.

about 1 year ago
Peregrino A platform; Source: Equinor
Business & Finance

Chinese duo exits as local firm pays $1.92 billion for stake in Brazil’s giant offshore field

PRIO has expanded its footprint off the coast of Brazil by acquiring non-operated interests of two Chinese players in a field offshore Rio de Janeiro, said to be Equinor’s largest operated field outside Norway.

about 1 year ago
TechnipFMC's Subsea 2.0; Source: TechnipFMC
Business & Finance

TechnipFMC slots first subsea piece into Guyanese waters for ExxonMobil’s fifth oil project

TechnipFMC has put the first equipment part of a subsea production system in place for an oil development at the Stabroek block off the coast of Guyana, which ExxonMobil Guyana Limited, a subsidiary of the U.S.-headquartered energy giant ExxonMobil, operates.

about 1 year ago
FSRU Independence; Source: Höegh Evi, former Höegh LNG
Business & Finance

Ownership of FSRU deployed in Europe changes hands

KN Energies has taken possession of a floating storage and regasification unit (FSRU) working at its LNG terminal on Lithuania’s Kiaulės Nugara Island.

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

As US steps closer to next Gulf of Mexico oil & gas round, NOIA boss urges rethink on lease sale limit

The U.S. Bureau of Ocean Energy Management (BOEM) has taken steps to set the stage for the next oil and gas leasing round to be held for offshore acreage in the Gulf of Mexico (GOM) by revealing a draft programmatic environmental impact statement (EIS) for which it is seeking public comments.

about 1 year ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business & Finance

New patent validates C-Power’s ocean energy technology

The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter. According to C-Power, the patent, which stems from a customer-driven design process, validates the SeaRAY technology as a unique innovation in the ocean energ

about 1 year ago
Ramform Hyperion seismic acquisition vessel; Source: TGS
Business & Finance

TGS reveals new partnership and 140-day gig in Southern Atlantic

TGS has won a new deal in South Atlantic and joined forces with Blue River Analytics, creators of the Analytics for Energy (A4E) Suite on the Spotfire platform, to optimize well and production data analysis.

about 1 year ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business & Finance

Marine energy and offshore wind projects get $18M boost from US

The U.S. Department of Energy (DOE) has allocated over $18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the U.S. DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving in

about 1 year ago
AKOFS Seafarer; Source: AKOFS Offshore
Business & Finance

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago
A woman and a man standing and holding files with ADNOC's logo on them
Business & Finance

ADNOC and Petronas firm up deal for 15 years’ worth of LNG from Ruwais

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Malaysia’s state-owned energy player Petronas for the supply of liquefied natural gas (LNG) from the Ruwais LNG plant.

about 1 year ago
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