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Business & Finance

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Business Developments & ProjectsExploration & ProductionPorts & LogisticsCollaborationInnovationOutlook & StrategyTechnologyProject & TendersAuthorities & GovernmentCarbon Capture Usage & StorageEnvironmentRegulation & PolicyTransitionVisionEquipmentResearch & DevelopmentOperations & MaintenanceGreen MarineVessels
Stena Forth drillship; Source: Astican
Business & Finance

WATCH: Stena Drilling drillship finds its way to Las Palmas shipyard’s dock ahead of Morocco job

Stena Drilling has sent a drillship to undertake a special periodic survey (SPS) at Astican in the port of Las Palmas de Gran Canaria, Spain.

about 2 years ago
UAE-US partnership brings autonomous vehicle services to the Middle East
Business & Finance

UAE-US partnership brings autonomous vehicle services to the Middle East

U.S.-headquartered Ocean Power Technologies (OPT) has partnered up with Unique Group, a UAE-headquartered innovator in subsea technologies and engineering, to take its autonomous vehicle services to the Middle East. The companies will collaborate to deploy OPT’s existing WAM-V unmanned surface vehic

about 2 years ago
Illustration; Source: Petronas
Business & Finance

Petronas hires Norwegian firm for rig inspection work offshore Indonesia

Petronas’ Indonesian branch has awarded ABL with a contract to provide rig inspection services to its assets in Indonesian waters.

about 2 years ago
UK oil & gas player pursuing CO2 storage license in Greece
Business & Finance

UK oil & gas player pursuing CO2 storage license in Greece

EnEarth, a subsidiary of the London-based oil and gas company Energean, has submitted a formal application to the Hellenic Hydrocarbons and Energy Resources Management Company (EDEYEP) for a CO2 storage license in Greece. The application seeks to obtain approval for the suitability as a CO2 storage

about 2 years ago
French project to develop seabed surveying solution for great depths using AUV swarms
Business & Finance

French project to develop seabed surveying solution for great depths using AUV swarms

Three French companies have joined forces for a project that aims to develop an innovative solution for precise seabed surveying at great depths using swarms of autonomous underwater vehicles (AUVs) for ocean floor mapping. The ongoing development for the CARMA (Mineral resources mapping by AUVs swa

about 2 years ago
Alaskan hydroelectric technologies startup Sitkana has partnered with Sandia National Laboratories on a project that aims to use idle fishing vessels during Alaskan winters for tidal energy capture.
Business & Finance

Alaskan project to use idle fishing vessels for tidal energy capture

Alaskan hydroelectric technologies startup Sitkana has partnered with Sandia National Laboratories on a project that aims to use idle fishing vessels during Alaskan winters for tidal energy capture.

about 2 years ago
MOL seals Japan’s first sustainability-linked lease deal
Business & Finance

MOL seals Japan’s first sustainability-linked lease deal

MOL Chemical Tankers, a group company of Japanese shipping major Mitsui O.S.K. Lines (MOL), has signed Japan’s first sustainability-linked lease agreement with compatriot Tokyo Century Corporation for chemical tanker Bonita Ana.

about 2 years ago
Crestwing's Tordenskiold wave energy prototype operating offshore Denmark (Courtesy of Crestwing)
Business & Finance

Danish wave energy device nears commercialization with new grant and govt support

Danish company Crestwing has secured funding from the Den Danske Maritime Fond to support the technical development of Tordenskiold, its wave energy device prototype.

about 2 years ago
Illustration; Source: New Fortress Energy
Business & Finance

US player puts LNG export facility in Florida up for sale to chip away at its debt tab

New Fortress Energy has struck a deal with an undisclosed middle-market infrastructure fund to unload its LNG facility in Miami.

about 2 years ago
Norway's seismic firms PGS and TGS officially become one
Business & Finance

Norway’s seismic firms PGS and TGS officially become one

Norway-headquartered seismic companies PGS and TGS have formally completed their merger, following the final regulatory approval obtained some twenty days ago. Back in September 2023, TGS and PGS announced their agreement on principal terms to combine their two firms and create a strong full-service

about 2 years ago
FPSO Cidade de Santos; Source: Enauta
Business & Finance

Brazilian oil & gas firm pulls the plug on FPSO acquisition from MODEC

Enauta has brought its purchase of a floating production, storage, and offloading (FPSO) unit from MODEC to an untimely end.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling rig to sling its hook and peel out of Nigeria on its way to Indian gig

Dolphin Drilling has confirmed that its rig has cast off and is making a beeline for Indian waters, where it will embark on its new assignment.

about 2 years ago
Deepwater Aquila drillship; Source: Transocean
Business & Finance

Transocean drillship embarks on maiden gig with Petrobras in Brazil

Transocean’s newbuild ultra-deepwater drillship has set the ball rolling on its inaugural drilling assignment with Petrobras in Brazil.

about 2 years ago
A photo of Jan De Nul's cable laying vessel at Formosa 2 site in Taiwan
Business & Finance

Jan De Nul selected for export cable installation offshore Taiwan

Jan De Nul Group has signed a preferred supplier agreement with Copenhagen Infrastructure Partners (CIP) for the installation of high-voltage export cables that will bring renewable energy generated at the Fengmiao 1 offshore wind farm ashore. Jan De Nul will connect the offshore substation of the F

about 2 years ago
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