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Business & Finance

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Business Developments & ProjectsVesselsExploration & ProductionProject & TendersEquipmentInnovationSafetyTechnologyCollaborationTransitionOperations & MaintenanceGreen MarineInfrastructureOutlook & Strategy
CLV Fu Yang at Yangjiang Qingzhou 6 offshore wind farm project site; Source: Fulan Offshore
Business & Finance

Cable laying vessel hard at work on offshore wind project (Gallery)

China-headquartered subsea cable vessel owner and operator Fulan Offshore has deployed its cable laying vessel (CLV) for inter-array cable installation at a giant offshore wind project in Chinese waters.

about 1 year ago
Black Sea map; Source: OMV Petrom
Business & Finance

Israel’s NewMed getting in on Black Sea hydrocarbon exploration ops

OMV Petrom has struck a deal with NewMed Energy for the transfer of a partial stake in an offshore block in Bulgaria’s part of the Black Sea, enabling the latter to join the upcoming exploration activities in search for more hydrocarbons.

about 1 year ago
Tartaruga field; Source: Petrobras
Business & Finance

Petrobras launches divestment of shallow water oil & gas field offshore Brazil

Petrobras has kicked off the opportunity disclosure stage for the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil.

about 1 year ago
Transocean Endurance rig; Source: Songa Offshore, now part of Transocean
Business & Finance

Transocean rig boosting staff safety with UK player’s zone monitoring tech

Salunda has secured its first installation of its patented zone monitoring technology in Australia and the wider Asia Pacific (APAC) region, thanks to a deal to deploy its zone monitoring solution on one of Transocean’s rigs working in Australian waters.

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

British players shake hands on quest to broaden subsea power delivery horizons

In response to growing demand for decarbonization solutions within the global energy sector, Verlume is pooling resources with Proserv to enhance subsea power delivery offering.

about 1 year ago
ECE Offshore, Jan De Nul to collaborate on TenneT 2 GW grid connection projects
Business & Finance

ECE Offshore, Jan De Nul to collaborate on TenneT 2 GW grid connection projects

The Dutch company, ECE Offshore, has secured a contract with Jan De Nul Group to support cable laying and execution on the TenneT 2 GW grid connection projects. The scope of ECE Offshore is part of Jan De Nul’s framework agreement with the Dutch-German transmission system operator (TSO) TenneT on th

about 1 year ago
Illustration; Source: Sulmara/BGF
Business & Finance

UK firm gets multimillion-dollar shot in the arm to pursue tech advancement

Sulmara has secured a multimillion-dollar investment from BGF, a growth capital investor in the UK and Ireland. This will enable the firm to bankroll its technological growth ambitions in the offshore energy arena, where it is eyeing opportunities in renewables.

about 1 year ago
The €2.8 billion NeuConnect interconnector project has completed the first phase of cabling works in the UK waters, marking a step in establishing the first direct energy link between the UK and Germa
Business & Finance

‘Major milestone’ for UK-Germany subsea link as first cabling stage wraps up (Video)

Italy-headquartered cable systems giant Prysmian has completed the €2.8 billion NeuConnect interconnector project’s first phase of cabling works in the UK waters, marking an important step in establishing the first direct energy link between the UK and Germany. With converter stations under construc

about 1 year ago
Visit to Subsea7's Seven Seas pipe-laying vessel; Source: BP
Business & Finance

BP’s project on track for first gas in 2025 as Seven Seas preps for action

BP is moving forward with activities required to bring on stream a subsea gas development project offshore Trinidad and Tobago.

about 1 year ago
Mist rig; Source: Borr Drilling
Business & Finance

Borr Drilling rig begins another five-well campaign at next field on its drilling list

Valeura Energy has achieved an oil production boost, following a five-well infill drilling program at a field off the coast of Thailand. Encouraged by these results, the firm has prolonged the assignment for one of Borr Drilling’s jack-up rigs, which undertook these drilling operations, thus, the mo

about 1 year ago
FSRU Toscana; Source: OLT Offshore LNG Toscana
Business & Finance

Italian FSRU goes back to work

OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has brought its floating storage and regasification unit (FSRU) back to its post off the coast of Livorno.

about 1 year ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

TotalEnergies selling minor stakes in two Namibian offshore blocks to QatarEnergy

QatarEnergy is enlarging its portfolio of assets in the Orange Basin, thanks to a deal with France’s energy giant TotalEnergies, which will enable it to acquire additional interests in two blocks located about 300 kilometers off the coast of Namibia.

about 1 year ago
ZTT cable china
Business & Finance

ZTT to supply cables for 850 MW Chinese offshore wind project

ZTT Submarine Cable & System has won two engineering, procurement, construction, and installation (EPCI) contracts for the Guoxin Dafeng Offshore Wind Power Project in China. Under the submarine cable EPCI contracts, China’s ZTT will supply 243 kilometers of 35 kV inter-array cables and 185 kilomete

about 1 year ago
K Shipbuilding
Business & Finance

CIP taps Færder Tankers and BW Epic Kosan to develop ammonia carrier fleet

Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), has signed multiple memorandums of understanding (MoUs) with shipping companies to advance the development of ammonia-fueled carriers.

about 1 year ago
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