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Island Innovator rig; Source: Island Drilling
Business & Finance

Operator pulls the plug on Island Drilling rig’s campaign off Africa due to safety issues

Trident Energy has decided to brake off the deal with Island Drilling for the 2012-built semi-sub rig, citing safety concerns.

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

Stakes in Shell’s three blocks enable Petrobras’ return to African hydrocarbon exploration scene

Petrobras has come back to Africa’s oil and gas exploration playground, thanks to the acquisition of interests in three exploration blocks.

about 2 years ago
​SW Empress vessel; Source: Shearwater GeoServices
Business & Finance

Shearwater GeoServices takes on more work with ONGC to facilitate energy exploration off India

Shearwater GeoServices has been hired to conduct a 3D seismic survey assignment off the east coast of India by ONGC.

about 2 years ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business & Finance

Innovate UK grants $1.9 million for wave energy project in Thailand

Swedish-Israeli wave energy developer Eco Wave Power Global (EWP) has announced winning a £1.5 million grant (almost $1.9 million) as a part of a consortium led by UK-based Toshiba and Aquatera, to design a pilot microgrid project for a remote island in Thailand. The grant is a part of round ten of

about 2 years ago
Illustration; Source: Samsung Engineering
Business & Finance

Samsung Engineering and Malaysian firm set on lending each other a helping hand in global tenders

The duo is combining forces for participation in worldwide tendering activity, which entails EPC projects in the oil and gas arena.

about 2 years ago
Varma
Business & Finance

Varma invests in green transformation of ESL Shipping

Finland’s pension insurance company Varma Mutual Pension Insurance Company has agreed to co-invest €15 million alongside OP Finland Infrastructure LP in compatriot shipping company ESL Shipping, a subsidiary of Aspo Plc.

about 2 years ago
Illustration; Source: CRP Subsea
Business & Finance

Fresh deal for ultra-deepwater oil development takes UK subsea firm to Gulf of Mexico

CRP Subsea has tucked a new contract under its belt for an ultra-deepwater oil field development project in the U.S. Gulf of Mexico.

about 2 years ago
Germany and Algeria boost cooperation with new hydrogen pact
Business & Finance

Germany and Algeria boost cooperation with new hydrogen pact

Germany and Algeria have signed a declaration of intent to establish a bilateral hydrogen task force as part of their energy partnership. Furthermore, there are plans for a hydrogen pilot plant installation. According to the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the

about 2 years ago
Prelude FLNG; Source: Shell
Business & Finance

Shell’s new projects benefiting from ABL’s ‘one-stop solution’ for asset management

Shell is set on employing a cloud-based master data build and optimization software from ABL across various new projects to achieve asset management efficiencies.

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

DNV carries out overhaul of ‘go-to standard’ for oil & gas, subsea, and offshore wind ops

DNV has taken steps to undertake a significant revamp of the standard used for the design and planning of marine operations.

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

Final piece of European Investment Bank’s €1.9 billion financing puzzle for Italy’s subsea electricity link slides into place

Terna and the European Investment Bank (EIB) have inked a deal for the final tranche of the €1.9 billion financing for the Tyrrhenian Link.

about 2 years ago
Ocean BlackLion; Source: ST Engineering
Business & Finance

Two Diamond Offshore floaters find more work in Gulf of Mexico and North Sea

Diamond Offshore has secured a new job in the UK sector of the North Sea and a contract extension in the U.S. Gulf of Mexico.

about 2 years ago
China's first locally-made subsea Xmas tree sees light of day
Business & Finance

China’s first locally-made subsea tree put into use

China’s oil and gas giant China National Offshore Oil Corp. (CNOOC) has rolled out the country’s first locally-made subsea Xmas tree. CNOOC reported that the first China-produced subsea Xmas tree was officially put into use on February 6. The subsea tree is 3.5 meters long, 3.2 meters wide, and 3 me

about 2 years ago
ALP Sweeper and Striker vessels; Source: Ocean Installer
Business & Finance

Ocean Installer gets hold of three ‘cutting-edge’ vessels for FPSO towing and hook-up work

As Ocean Installer pools resources with ALP Maritime Services, the collaboration puts three new vessels at its disposal.

about 2 years ago
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