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Mermaid Maritime’s joint venture to keep working for oil major
Business & Finance

Mermaid Maritime’s joint venture to keep working for oil major

Mermaid Maritime’s joint venture with a Middle Eastern offshore services company has secured a one-year contract extension for subsea services with an upstream oil and gas company. Thailand-headquartered Mermaid won the contract in a joint venture formed with a local offshore services operator in a

about 2 years ago
Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.
Business & Finance

Following three months of testing, Minesto’s megawatt-scale tidal energy kite ‘delivering as expected’

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected in its first three months of operations and the data being generated underlines the commercial readiness of Dragon Class systems, the Swedish company reported. The 1.2 MW powerplant was installed and commissioned at the site in Ve

about 2 years ago
Illustration; Source: Ocean Edge Services
Business & Finance

US player and local firm link up to hang out their shingle in Guyana as oil discoveries boost economy

Ocean Edge Services and Atlantic Marine Supplies have formed a new joint venture and corporation in Guyana, Ocean Edge Services (Guyana) Inc.

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

Drilling ops bear fruit: Start-up of another well offshore Gabon on BW Energy’s 2024 agenda

BW Energy is planning to bring online another well within the Dussafu license off the coast of Gabon later this year.

about 2 years ago
Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more
Business & Finance

Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more

Norwegian shipping group Island Offshore has awarded compatriot shipbuilder VARD with a contract to design and construct one hybrid power ocean energy construction vessel (OECV) and has also agreed on an option for two more vessels. In 2020-2021, Island Offshore, whose 19-vessel fleet operates in th

about 2 years ago
Visualization of the future power corridor of Black Sea Oil & Gas (BSOG), Romanian Black Sea
Business & Finance

Romanian oil & gas company plans to build 3 GW of offshore wind in Black Sea

Romania’s independent energy company Black Sea Oil & Gas (BSOG) has completed an offshore wind feasibility study of potential areas in the Romanian sector of the Black Sea. Last year, BSOG and its Midia Gas Development (MGD) partners revealed plans to use their existing MGD infrastructure to connect

about 2 years ago
Researchers to work on mega-scale liquid hydrogen storage systems
Business & Finance

Researchers to work on mega-scale liquid hydrogen storage systems

A team of University of Melbourne researchers will work with Australian and international industry partners to develop mega-scale liquid hydrogen storage systems and infrastructure for energy export terminals and vessels.

about 2 years ago
Dorado and West Draco drillships; Source: Pelago Management
Business & Finance

Diamond Offshore taking over marketing rights for two drillships

Diamond Offshore has sealed a deal with Eldorado Drilling to be in charge of marketing rights for two seventh-generation drillships.

about 2 years ago
Dragon LNG
Business & Finance

Shell gets Dutch partner at one of UK’s three LNG terminals

VTTI has put the wheels into motion to join Shell in Dragon LNG, the owner of a major onshore import terminal for the supply of LNG to the UK market.

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

McDermott scoops up multimillion-dollar job at TotalEnergies’ LNG project

McDermott’s CB&I has landed a new assignment in the Middle East with TotalEnergies, which will enable it to work at a solar-powered LNG project in Oman.

about 2 years ago
West Neptune drillship; Source: Seadrill
Business & Finance

Seadrill finds more work for two drillships in Asia and US

Seadrill has won a new assignment and secured an extension of an existing one for two drillships in its rig fleet.

about 2 years ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

First oil gushes out of $1.2 billion project in North Sea

ConocoPhillips has brought on stream an oil project, which has been tied to one of the fields in the Greater Ekofisk Area in the North Sea.

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

QatarEnergy and Nakilat shake hands on deal for 9 largest LNG vessels ever built

QatarEnergy has entered into a long-term agreement with Nakilat for the charter and operation of nine ultra-modern QC-Max size LNG vessels.

about 2 years ago
Ruwais; Source: ADNOC
Business & Finance

Germany and UAE bolster natural gas ties as ADNOC strikes third 15-year deal for giant LNG project

Germany’s EnBW has sealed its first liquefied natural gas (LNG) deal in the Middle East by inking a long-term contract with the UAE’s ADNOC.

about 2 years ago
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