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Business & Finance

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Ocean Energy Support Vessel (OESV) design; Credit: Salt Ship Design
Business & Finance

Spanish shipyard tasked with bringing ocean energy support vessel to life

Norway’s Østensjø Rederi has entrusted the construction of its new ocean energy support vessel (OESV) to Astilleros Gondon, a Spanish shipyard.

about 1 year ago
HD KSOE ventures into hydrogen fuel cell market with $80M acquisition
Business & Finance

HD KSOE ventures into hydrogen fuel cell market with $80M acquisition

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is set to spearhead the global hydrogen fuel cell market through an investment of $80 million to acquire Convion, a company specializing in fuel cell systems. HD KSOE said it had recently, through its subsidiary H

about 1 year ago
Normand Vision is said to be the type of vessel that will be used during the project; Source: Ocean Installer
Business & Finance

North Sea subsea tie-back job enables Ocean Installer to handle ‘key component’ for FPSO’s life extension

Ocean Installer, part of the Moreld Group, has been hired to handle a subsea tie-back project to an existing floating production, storage, and offloading (FPSO) vessel operating in the North Sea, as part of a new frame agreement for offshore construction.

about 1 year ago
Wood's background image representing a beautiful orange offshore sunset
Business & Finance

Wood advances CCS projects on Norwegian Continental Shelf

Scotland-headquartered engineering and consulting business John Wood Group (Wood) is advancing three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf (NCS), which combined can store up to 21 million tonnes of CO2 annually, the equivalent of nearly half of Norway’s total C

about 1 year ago
A large vessel at sea
Business & Finance

‘Challenging’ period for LNG fleet ahead unless freight efficiency increases, Norwegian firm’s analysis shows

Awilco LNG, a Norwegian-based fully integrated pure-play liquefied natural gas (LNG) transportation provider, has highlighted in its analysis of the LNG market trends in the first half of 2024 and predictions for the upcoming period that the market activity is picking up the pace even though the cha

about 1 year ago
NAGA 2 jack-up rig; Source: Velesto
Business & Finance

Southeast Asia calling jack-up duo: One Velesto rig ready to make a beeline for Sarawak, as other lands drilling work in Vietnam

While Velesto, which is set on actively pursuing new assignments in Southeast Asia for its jack-up fleet, is due to send one of its rigs to Sarawak soon for a previously secured drilling campaign, another of its jack-ups has got a hold of a job off the coast of Vietnam.

about 1 year ago
With the assistance of the Norwegian seismic company TGS, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), has initiated a direct negotiation licensing round featu
Business & Finance

Supported by TGS, Liberia opens licensing round for 29 offshore blocks

With the assistance of the Norwegian seismic company TGS, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), has initiated a direct negotiation licensing round featuring 29 offshore blocks in the Liberia and Harper Basins. TGS supports this effort by providing a p

about 1 year ago
FPSO Johan Castberg; Source: Equinor
Business & Finance

WATCH: ‘Mighty’ newbuild FPSO eating up the miles toward oil project to embark on its 30-year job

Equinor is looking forward to the arrival of a new floating production, storage, and offloading (FPSO) vessel at its oil project in the Barents Sea, where the FPSO unit will start its three-decade assignment off the coast of Norway.

about 1 year ago
Well-Safe Guardian rig; Source: Well-Safe Solutions
Business & Finance

North Sea’s only semi-sub performing saturation dives achieves 163 ops as rig’s decom gig approaches finish line

Well-Safe Solutions has hit a new saturation diving milestone in the UK waters with one of its rigs, which is said to be the only semi-submersible in the North Sea with saturation dive spread capability.

about 1 year ago
VARD's newbuild 962, known as CLV Freja, on its way to Norwegian yard; Source: VARD
Business & Finance

New cable-laying vessel reaches Norway to undergo final works

A cable-laying vessel (CLV), which Norway’s ship designer and shipbuilder VARD is constructing for Denmark’s subsea specialist NCT Offshore, has come to Norwegian waters.

about 1 year ago
FPU Jangkrik; Source: Eni
Business & Finance

Eni sets its cap on ‘game changer’ move in Asia as its new gas and condensates offshore production hub gets the go-ahead

Eni has received a green light for the integrated development of the two fields, which will bring to life a new production hub in the Kutei Basin off the coast of Indonesia. This will enable the firm to boost its gas arsenal.

about 1 year ago
With major regulatory approval in, Australia-Asia link ready for next phase
Business & Finance

With major regulatory approval in, Australia-Asia power link ready for next phase

With major regulatory approval in place, the path has been cleared for the next phase of development for a project that will harness and store renewable energy from Australia and transmit it to Singapore via a high-voltage direct current (HVDC) transmission system. The Australia-Asia Power Link (AAP

about 1 year ago
A buoy with a ship in the background
Business & Finance

China’s FPSO mooring system for deepwater oil & gas fields earns double blessing

The internal turret buoy single-point mooring system developed by China Offshore Oil Engineering Company (COOEC), controlled by China National Offshore Oil Corporation (CNOOC), has received two approvals in principle (AIP), one from the China Classification Society (CCC) and another from Bureau Veri

about 1 year ago
Boskalis: 'Enormously multifunctional' survey vessel joins UAE subsidiary's fleet
Business & Finance

Boskalis: ‘Enormously multifunctional’ survey vessel joins UAE subsidiary’s fleet

Dutch offshore services giant Boskalis has expanded its fleet with the addition of a DP2 vessel for offshore geophysical and geotechnical surveys, which the company describes as relatively new and enormously multifunctional. The Horizon Zenith vessel is deployed by Boskalis’ UAE-headquartered subsid

about 1 year ago
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