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Business & Finance

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Shelf Drilling Krathong rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig pair staying two more years with Chevron

UAE-headquartered offshore drilling contractor Shelf Drilling (SHLF) has landed long-term extensions with Chevron Thailand Exploration and Production, a subsidiary of the U.S. oil major Chevron, for assignments two of its jack-up rigs are working on off the coast of Thailand. These two-year contract

about 1 year ago
N-Sea's fleet to expand with newbuild hybrid vessel in 2026
Business & Finance

N-Sea’s fleet to expand with newbuild hybrid vessel in 2026

The Netherlands-headquartered N-Sea is set to expand its fleet with a newbuild hybrid survey and remotely operated vehicle (ROV) support vessel scheduled for delivery in 2026. N-Sea has signed a long-term charter agreement with Mainport Shipping for the delivery of the vessel named Geo Master, which

about 1 year ago
InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Business & Finance

Sweden’s project gets €1.7M boost for wave energy converter technology

The INFINITY Project, coordinated by Sweden’s RISE Research Institute, has received €1.7 million in funding from the Clean Energy Transition Partnership (CETP) to advance lifetime-aware model predictive control (MPC) technology for wave energy converters (WEC). The three-year project, starting in De

about 1 year ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

As oil flows from one well, another will follow suit shortly while Noble rig embarks on next job off Africa

Trident Energy has brought online its first infill well on Block G off the coast of Equatorial Guinea, drilled with a drillship owned by the U.S.-headquartered Noble Corporation.

about 1 year ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies’ massive North Sea project days away from gas production capacity at full throttle

TotalEnergies is drawing closer to its goal of increasing output at its natural gas redevelopment project in the Danish sector of the North Sea to its full technical capacity.

about 1 year ago
SD Waalo; Source: KOTUG
Business & Finance

BP picks KOTUG and African firm for work at its largest gas project

BP has hired two companies, Kotug and its Senegalese partner Maritalia, for the provision of marine services 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.

about 1 year ago
DOF closes purchase of Maersk Supply Service, now employing 5,000 people
Business & Finance

DOF closes purchase of Maersk Supply Service, now employing over 5,000 people

Norwegian vessel owner DOF Group has completed the purchase of Maersk Supply Service (MSS), now having a workforce of more than 5,000 people and operating a fleet of 78 vessels of which 65 are owned. DOF announced on July 2 that it would through the newly incorporated subsidiary DOF Offshore Holding

about 1 year ago
Investment companies to collaborate on energy transition projects in Middle East
Business & Finance

Investment companies to collaborate on energy transition projects in Middle East

Saudi Arabia-based Hassana Investment Company and U.S.-based EIG have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East.

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

Sale of North Sea oil field brings $24 million to Eni’s Vår Energi

Vår Energi, majority-owned by Italy’s Eni, has wrapped up the divestment of its interest in an Aker BP-operated field located in the Norwegian sector of the North Sea.

about 1 year ago
Acteon has partnered with Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind.
Business & Finance

Acteon and Applied Fiber join forces for advanced offshore mooring solutions

Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners

about 1 year ago
Prime Minister (Acting), Minister of Energy and Energy Industries, Stuart Young, toured the Mento platform at the TOFCO fabrication yard on October 23; Source: BP
Business & Finance

BP and EOG look forward to first gas as countdown for sail-away of new offshore platform begins

BP is anticipating the sail-away of a new offshore platform over the next few weeks as final touches continue to be added to prepare the platform, destined for work off the coast of Trinidad and Tobago.

about 1 year ago
US-German project developing low-cost subsea energy storage gets $7.7M boost
Business & Finance

US-German collab gets $7.7M boost for development of low-cost subsea energy storage

U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut

about 1 year ago
Topaz Driller rig; Source: Vantage Drilling
Business & Finance

Two jack-up rigs change hands

Vantage has bolstered its managed services by divesting two jack-up rigs, which enable ADES to expand its rig fleet.

about 1 year ago
Munin utility module; Source: Aker BP
Business & Finance

North Sea-bound 2,900-ton module for offshore platform all set to sail away toward gas project

Aker BP has confirmed the completion of a utility module’s construction phase a year after the first steel was cut for a platform, which is destined to be deployed at its gas development project in the North Sea off the coast of Norway.

about 1 year ago
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