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Two out of six platforms hit the water for Dutch offshore solar pilot
Business & Finance

Two out of six platforms hit the water for Dutch offshore solar pilot

Dutch-Norwegian company SolarDuck has launched the first two platforms for the Merganser offshore floating solar demonstration project into the water at TMA Logistics in Amsterdam, Netherlands. The Merganser offshore floating solar demonstrator plant will have an installed capacity of 520 kWp and wi

about 2 years ago
HAV Hydrogen secures fresh funding for H2 energy system for ships
Business & Finance

HAV Hydrogen secures fresh funding for H2 energy system for ships

HAV Hydrogen, a subsidiary of HAV Group, has received NOK 12.4 million (around $1.18 million) in funding from Innovation Norway to build, test, and certify a full-scale prototype of a containerized hydrogen (H2) energy system for ships called Zero Emission Pod. The Zero Emission Pod is a complete de

about 2 years ago
Expro Group
Business & Finance

Expro acquires UK firm to expand well construction and intervention portfolio

Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said

about 2 years ago
MOPU TSeven Shirley; Source: T7 Global
Business & Finance

New MOPU en route to Asian offshore oil field

Valeura Energy has confirmed that a new mobile offshore production unit (MOPU) is on its way to the Gulf of Thailand.

about 2 years ago
Irish floating wind and wave energy test site seeking floating LiDAR services
Business & Finance

Irish floating wind and wave energy test site seeking floating LiDAR services

The Sustainable Energy Authority of Ireland (SEAI) has issued a call for tenders for a floating LiDAR and associated provision of data for the Atlantic Marine Energy Test Site (AMETS). The scope of work under the contract that will be awarded through the tender includes the installation, operation,

about 2 years ago
Boluda Towage
Business & Finance

Boluda Towage bolsters presence in Strait of Gibraltar with Resolve Salvage and Fire acquisition

Boluda Towage, a subsidiary of Spain’s Boluda Corporación Marítima, has expanded its global operations with the acquisition of Resolve Salvage and Fire, solidifying its position in the Strait of Gibraltar. The move aims to enhance services and intervention capabilities for both companies. The additi

about 2 years ago
FPSO Pyrenees Venture; Source: MODEC
Business & Finance

Jadestone in the running for Woodside’s oil & gas assets off Western Australia

Jadestone Energy has confirmed its participation in the bid process for Woodside’s participating interests in oil and gas assets off Western Australia.

about 2 years ago
Castoro10 vessel during Above Water Tie-In (AWTI) operation of the two 48” pipeline sections, approximately 4km offhsore Mukran port, Germany
Business & Finance

End of subsea construction phase for German pipeline

ABL Group has completed the marine warranty survey scope related to the installation of Germany’s Ostsee Anbindungsleitung (OAL) subsea pipeline, where the first gas feed-in is expected soon. GASCADE Gastransport contracted ABL to provide marine warranty survey (MWS) services to supervise the transp

about 2 years ago
DOF secures further backlog in APAC at improved rates and margins
Business & Finance

DOF secures further backlog in APAC at improved rates and margins

DOF Group has secured a contract and a contract extension in Asia Pacific, securing further backlog in the region. The latest contract secured for the region will use Skandi Hercules and see the vessel fully utilized off the Australian coast into the third quarter of this year. The contracted scope

about 2 years ago
FPSO Jotun; Source: Vår Energi
Business & Finance

FPSO nearing completion but changes made to North Sea oil project’s start-up date

Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.

about 2 years ago
USV orders of over $1.25 million land on Ocean Power Technologies' table
Business & Finance

USV orders of over $1.25 million land on Ocean Power Technologies’ table

Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WA

about 2 years ago
Petrobras targets reliable subsea production with order of motor boosting system
Business & Finance

Petrobras targets reliable subsea production with topside-less technology

Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera

about 2 years ago
Island Innovator rig; Source: Island Drilling
Business & Finance

‘We do not compromise with safety,’ says CEO as Island Drilling looks into legal steps to challenge rig termination

Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.

about 2 years ago
Illustration. Source: BOEM
Business & Finance

Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?

The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.

23 minutes read
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