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Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

New oil & gas license awards seen as boon to energy security and business confidence across UK’s offshore energy arena

Offshore Energies UK (OEUK) is convinced that the 31 new oil and gas licenses will boost energy security across offshore energy sectors.

about 2 years ago
Petrobras gives $1.8 billion worth of contracts for six Sapura vessels
Business & Finance

Petrobras gives $1.8 billion worth of contracts for six Sapura vessels

Malaysia’s Sapura Energy has secured $1.8 billion worth of contracts with Brazilian state-owned oil and gas giant Petrobras for six multi-purpose pipe-laying support vessels (PLSVs). Sapura Energy’s joint venture entities Seabras Sapura Holding and Seabras Sapura Participacoes have been awarded the

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

Petrobras cheers 41% cut in operational GHG emissions since 2015

Petrobras has tucked a new greenhouse gas (GHG) emission reduction milestone under its belt with a 41% drop in operational GHG emissions.

about 2 years ago
Boskalis expands range of 2023-commissioned vessel with new fallpipe (Gallery)
Business & Finance

Boskalis expands range of 2023-commissioned vessel with new fallpipe (Photos)

Dutch offshore services provider Boskalis has outfitted its new subsea rock installation vessel with a new inclined fallpipe with the aim of expanding its range. Following its first rock installation project in Australia earlier this year, the Seapiper subsea rock installation vessel was outfitted w

about 2 years ago
James Fisher and Sons bags its first tidal energy project
Business & Finance

James Fisher and Sons bags its first tidal energy project

James Fisher and Sons has secured what it says is its first tidal energy project as part of which it will manage high-voltage equipment and cables at Menter Môn’s Morlais tidal energy substations in the UK. James Fisher and Sons will manage, repair and maintain high-voltage equipment and cables at t

about 2 years ago
Everfuel secures green hydrogen supply deal with German industrial offtaker
Business & Finance

Everfuel secures green hydrogen supply deal with German industrial offtaker

Everfuel signed a letter of intent (LoI) with a German industrial offtaker for the supply of up to 10,000 tons of green hydrogen annually.

about 2 years ago
Vard hires TMC Compressors yet again for Prysmian's cable-layer
Business & Finance

TMC Compressors to deliver equipment for another newbuild Prysmian cable-layer

Norway’s shipbuilder VARD has contracted compatriot TMC Compressors to supply a complete marine compressed air system for a cable-laying vessel (CLV) that it is constructing for Italian cabling giant Prysmian. Under the contract whose value has not been disclosed, TMC will deliver a marine compresse

about 2 years ago
Flex Constellation LNG carrier; Source: Flex LNG
Business & Finance

New vessel assignment with Asian player enables Flex LNG to score its fourth deal in 2024

Bermuda-headquartered Flex LNG has found work with an undisclosed company in Asia for another one of its LNG carriers.

about 2 years ago
FPSO Liza Unity; Source: SBM Offshore
Business & Finance

Another industry first for ExxonMobil’s second FPSO in Guyana as ABS bestows new notation upon it

An FPSO, which is working on ExxonMobil’s first oil development project offshore Guyana, has tucked one more industry first under its belt.

about 2 years ago
Baker Hughes and CGG in alliance for carbon capture and storage
Business & Finance

Baker Hughes and CGG in alliance for carbon capture and storage

France-based geoscience technology services company CGG and U.S. energy technology company Baker Hughes have signed a memorandum of understanding (MoU) to jointly explore carbon capture and storage (CCS) solutions. CGG said that the collaboration and proposed commercial alliance intends to support t

about 2 years ago
Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)
Business & Finance

137 MW of wave and tidal energy capacity to seek deployment offshore Europe in next five years

Ocean Energy Europe (OEE) has announced that EU funding and domestic revenue support are expected to facilitate the deployment of 137 MW of tidal and wave energy projects over the next five years, following the OEE’s report of the latest statistics about the ocean energy sector.

about 2 years ago
FPSO Norne; Source: Equinor
Business & Finance

Vår Energi offloads stakes in five oil & gas fields for $51 million and DNO’s interest in its operated asset

Vår Energi has struck a deal with DNO Norge to divest its interests in five oil and gas fields in the Norwegian Sea.

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

Yinson Production’s third Brazil-bound FPSO is on its way to South America (Gallery)

Yinson Production has confirmed the departure of an FPSO vessel from a Chinese shipyard.

about 2 years ago
Illustration; Credit: Morten Berentsen/NOD
Business & Finance

More ‘attractive’ offshore oil & gas acreage up for grabs in Norway’s new licensing round

Norway’s Ministry of Petroleum and Energy has set in motion the Award in Pre-Defined Areas 2024 (APA 2024) round for further exploration activity.

about 2 years ago
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