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Business & Finance

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A rendering of a FPSO vessel
Business & Finance

Hanwha Ocean’s standardized FPSO concept wins double blessing

South Korea’s shipbuilder Hanwha Ocean has received approvals in principle (AIP) for the preliminary front-end engineering design (pre-FEED) of a standard floating production storage and offloading (FPSO) facility from two classification societies, the United States’ ABS and France’s BV.

about 1 year ago
FMC
Business & Finance

US awards Hawaii with $59.2 million for deployment of zero-emission projects

The Hawaiʻi Department of Transportation (HDOT) will receive $59.2 million from the U.S. Environmental Protection Agency’s (EPA) Clean Ports Program to support the state’s climate adaptation and air quality planning efforts.

about 1 year ago
FPSO BW Opal; Source: BW Offshore
Business & Finance

Another ‘critical’ step taken to get FPSO ready for first gas in 2025

Norway’s FPSO operator BW Offshore has disclosed further progress in the integration and commissioning of its newbuild floating production storage and offloading (FPSO) vessel, which is on track to start work at a giant field off the coast of Australia in the first quarter of 2025. According to BW O

about 1 year ago
A plant on the coast
Business & Finance

US firm to supply Vitol with LNG until late 2030s

Houston-based oil and gas player Coterra Energy and energy and commodities company Vitol have signed a long-term liquefied natural gas sale and purchase agreement (SPA).

about 1 year ago
Valaris 123, former Ensco 123, jack-up rig; Source: Valaris
Business & Finance

Shell’s North Sea gas discovery now expected to be at lower end of pre-drill forecast

A further insight into the preliminary findings related to a recent gas discovery, made by the UK-headquartered energy giant Shell in the North Sea, indicates recoverable resources level may be at the lower end of pre-drill estimates.

about 1 year ago
Shearwater not yet done with work in 2024 as 'landmark' OBN survey comes its way
Business & Finance

Shearwater not yet done with work in 2024 as ‘landmark’ OBN survey comes its way

Norwegian marine geoscience and technology company Shearwater GeoServices has added more work in Africa to its to-do list, following the award of a deepwater ocean bottom node (OBN) project. Set to start in the fourth quarter of 2024, the deepwater OBN survey, marked as “landmark”, will have a one-m

about 1 year ago
TECO 2030 reveals plans for high-volume fuel cell production facility in US
Business & Finance

TECO 2030 reveals plans for high-volume fuel cell production facility in US

TECO 2030 is launching a potential capitalization process for its U.S. subsidiary. If successful, the capital infusion would be directed toward establishing a high-capacity fuel cell production facility in the U.S.

about 1 year ago
Scarborough floating production unit (FPU) currently under construction; Courtesy of McDermott
Business & Finance

Japanese firm doles out $1.4 billion to come aboard Woodside’s mega gas project

As the sale of a partial interest in the Scarborough joint venture (JV) has been wrapped up, Australia’s energy giant Woodside has bid welcome to its new partner, JERA.

about 1 year ago
Scana's PSW Technology to stay with international rig company for two more years
Business & Finance

Scana’s PSW Technology to stay with international rig company for two more years

Scana-owned PSW Technology, a Norwegian provider of services and solutions to the drilling industry, has renewed a frame agreement with what it says is an international rig company. The framework agreement includes subsea services and will commence in the first quarter of 2025, extending for a perio

about 1 year ago
FPSO Marechal Duque de Caxias; Source: MISC
Business & Finance

New FPSO achieves first oil at Petrobras’ third largest field offshore Brazil (Gallery)

Petrobras has put into operation another floating production, storage, and offloading (FPSO) vessel, which is working at the firm’s third-largest oil field in the Santos Basin off the coast of Brazil.

about 1 year ago
Depsea Yantai rig; Source: Neptune Energy, now part of Eni's Vår Energi
Business & Finance

One Odfjell Drilling-managed rig taking care of SPS in Norway as another kicks off work offshore Ghana

Odfjell Drilling has entrusted Norway’s Coast Center Base (CCB) with the special periodic survey (SPS) job for one of the harsh environment semi-submersible rigs it manages on behalf of China’s CIMC. Another rig, which the drilling contractor is managing on behalf of Northern Ocean (NOL), has begun

about 1 year ago
Dewatering pump system. Source: EnerMech
Business & Finance

EnerMech wraps up its largest deepwater nitrogen membrane project in Gulf of Mexico

UK-based oilfield services provider EnerMech has concluded a pre-commissioning project in the Gulf of Mexico for what is described as a “major U.S. infrastructure company”, marking the firm’s largest nitrogen membrane spread in deepwater to date. The contract, awarded in August 2023, spanned 11 mont

about 1 year ago
BW Helios LNG carrier; Source: BW LNG
Business & Finance

BW LNG ups digitalization ante by boosting 34-vessel fleet’s procurement capabilities

BW Group’s BW LNG has signed up for Procureship’s digital e-procurement platform, which is anticipated to optimize procurement capabilities for its fleet of liquefied natural gas (LNG) carriers.

about 1 year ago
Hornsea contract
Business & Finance

Seaway7 to wire Ørsted’s Hornsea 3 offshore wind farm

Ørsted has awarded Seaway7, part of the Subsea7 Group, a contract for the transport and installation (T&I) of the inter-array cables at the Hornsea 3 offshore wind project in the UK. Seaway7’s scope of work covers the transportation and installation of 192 66 kV inter-array cables, measuring approxi

about 1 year ago
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