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Safe Concordia; Source: Prosafe
Business & Finance

Prosafe’s fleet utilization rate rebounds from last year’s drop in activity

Norway’s Prosafe has shared its fleet utilization rate for April 2024 alongside insights into the vessel activity during 1Q 2024.

about 2 years ago
Kingdom 2 jack-up rig; Source: ARO Drilling
Business & Finance

Second jack-up out of 20 planned newbuild rigs gets its naming ceremony (Gallery)

ARO Drilling has held a naming ceremony, together with International Maritime Industries (IMI), for the second of 20 planned newbuild jack-up rigs.

about 2 years ago
Point Fortin ship arrives at the Cai Mep - Thi Vai port; Source: PV GAS
Business & Finance

Fourth LNG shipment reaches Vietnam’s port

Vietnam Gas Corporation (PV GAS) has welcomed its fourth liquefied natural gas (LNG) shipment at the country’s Cai Mep – Thi Vai port.

about 2 years ago
Continued EPCI projects growth brings UK subsea player to Paris
Business & Finance

Continued EPCI projects growth brings UK subsea player to Paris

UK-headquartered provider of subsea infrastructure installation and protection Enshore Subsea has opened an office in France to support continued growth in its EPCI Projects division. Located in central Paris, the new office is set to provide a base for the company’s team working on turnkey EPCI pro

about 2 years ago
FDS; Source: Saipem
Business & Finance

TotalEnergies’ trifecta award bundle for oil project in Angola brings Saipem $3.7 billion

Saipem has pulled off a multibillion-dollar hat trick in Angola with TotalEnergies E&P Angola, a subsidiary of France’s TotalEnergies.

about 2 years ago
Urgent political alignment needed for UK to achieve 'just and fair' energy transition by 2030, report finds
Business & Finance

Urgent political alignment needed for UK to achieve ‘just and fair’ energy transition by 2030

The UK will fail to achieve a “just and fair” energy transition by 2030 unless there is urgent alignment across the political spectrum to sustain offshore energy industry jobs, supply chain investments and the economic contribution of the workforce, a new report by Robert Gordon University (RGU) sta

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

TotalEnergies’ launch of deepwater project opens ‘new oil frontiers’ offshore Angola

TotalEnergies has made a final investment decision (FID) for a deepwater oil project in Block 20 located in the Kwanza basin offshore Angola.

about 2 years ago
Hyundai LNG Shipping
Business & Finance

Hyundai LNG Shipping hand-picks Seatrium for multi-year vessel retrofits

Hyundai LNG Shipping has hired Seatrium Limited on a favored customer contract (FCC) for repairs and upgrades of LNG carriers in its fleet.

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Africa is richer for another ‘substantial’ oil discovery

BW Energy has struck oil at a pilot appraisal well located on a field in the Dussafu license off the coast of Gabon.

about 2 years ago
Rendering of Rio Grande LNG; Source: NextDecade
Business & Finance

Rio Grande LNG deals enable ADNOC to spread its low-carbon energy wings in US

ADNOC has sealed agreements for LNG offtake and an equity position in Rio Grande LNG (RGLNG) export project located in Texas.

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Enauta-3R merger reaches new stage

Brazil’s Enauta and 3R Petroleum have approved the signing of protocols setting forth the terms and conditions for their proposed merger.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

Türkiye reinforces gas ties with US and Azerbaijan, notches up renewable electricity milestone

In the wake of the BOTAŞ-ExxonMobil LNG deal, Türkiye has taken steps to strengthen its energy bonds with the United States and Azerbaijan.

about 2 years ago
Cai Mep LNG Terminal; Source: Nebula Energy
Business & Finance

Vietnam’s LNG terminal draws closer to start-up date

AG&P LNG and Hai Linh Company have disclosed the start of commissioning activities for one of two existing LNG terminals in Vietnam.

about 2 years ago
Mitsui backs maritime investment fund to support sustainable shipping
Business & Finance

Mitsui backs maritime investment fund to support sustainable shipping

Japanese trading company Mitsui & Co. has decided to invest in a maritime investment fund, managed by Danish fund management company Navigare Capital Partners, targeting $650 million in capital focusing on sustainable shipping including green vessels and carriers.

about 2 years ago
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