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16-year-old vessel returns to VARD for conversion
Business & Finance

16-year-old vessel returns to VARD for conversion

A Canadian company active in the offshore oil & gas and energy sectors has appointed Norway’s VARD to convert a platform supply vessel (PSV) that it built 16 years ago into a cable-laying vessel (CLV). I.T. International Telecom Marine (IT) is a Halifax-based marine network installer offering deskto

about 2 years ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

Drilling program and well intervention campaign on Serica’s 2024 agenda in North Sea

Serica Energy is preparing to kick off its four-well drilling campaign and work-over program in the UK sector of the North Sea.

about 2 years ago
Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea’s drilling ops with Transocean rig cleared for take-off

Wintershall Dea has secured a green light for the drilling of four wells in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

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

CNOOC brings online China’s ‘largest’ offshore oilfield secondary development and adjustment project

CNOOC Limited has kicked off production from an oilfield secondary adjustment and development project, which is located in Liaodong Bay of Bohai Sea.

about 2 years ago
Eidesvik and DEME shake hands for ship management agreement extension
Business & Finance

Eidesvik and DEME shake hands for ship management agreement extension

Eidesvik Offshore has signed an extension to its ship management agreement with DEME for the construction support vessel (CSV) Viking Neptun. Eidesvik has provided full technical management, crewing and operation of Viking Neptun since December 2022 and this agreement extends the firm period to Janu

about 2 years ago
After TotalEnergies and PTTEP, Shell joins wave power for subsea equipment project
Business & Finance

After TotalEnergies and PTTEP, Shell joins wave power for subsea equipment project

Energy major Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is powering subsea equipment off the coast of Orkney, Scotland, through a combination of wave power and subsea energy storage. The £2 million demonstrator initiative, nearing 12 months in the water, has c

about 2 years ago
NWEA: We need to standardize offshore wind industry to reach targets
Business & Finance

NWEA: We need to standardize offshore wind industry to reach targets

2023 was an exciting year for offshore wind, but there are still major challenges to tackle, said Jan Vos, Chairman of the board of the Netherlands Wind Energy Association (NWEA), at the Offshore Energy Exhibition & Conference (OEEC) 2023, proposing standardization in the industry. Vos affirmed that

about 2 years ago
Kate Thomson, BP's interim CFO; Source: BP
Business & Finance

BP hands chief financial officer role to its interim CFO

UK-headquartered energy giant BP has decided to appoint its interim Chief Financial Officer (CFO) to the CFO role.

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

As ink dries on another collaboration deal, PTTEP going in hot pursuit of CCS tech advancement

PTTEP has inked a memorandum of understanding (MoU) with Mahidol University, which will enable it to bolster CCS technology in Thailand.

about 2 years ago
Golar LNG
Business & Finance

Venezuela and Bermuda player in talks over potential FLNG tech investment

Golar LNG is engaged in discussions with the Venezuelan ministry regarding a potential investment in FLNG technology in the South American country.

about 2 years ago
FPSO Prosperity works at Payara, Guyana’s third offshore oil development on the Stabroek Block; Source: ExxonMobil
Business & Finance

ExxonMobil and Chevron amass over $57 billion in profits during 2023 while new acquisitions fuel portfolio growth

ExxonMobil and Chevron have raked in huge profits over the course of the past year, recording $36 billion and $21.37 billion, respectively.

about 2 years ago
Yara Marine Technologies
Business & Finance

Yara Marine Technologies has a new owner

Norway-based technology company Yara Marine Technologies (YMT) has been acquired by Switzerland-based Okapi Supply Trading Advisory SA (formerly Sarl) to expand its maritime solutions portfolio.

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

McDermott confirms pair of new deals for work on Qatar’s largest oil field

McDermott has corroborated the award of two EPCIC contracts for the development of the next phase of the largest oil field offshore Qatar.

about 2 years ago
Map indicating a potential preferred area for a 50MW PV farm with corresponding cable route to Delimara Power Station
Business & Finance

Potential site identified for Malta’s first grid-connected floating solar project

A site located within Malta’s territorial waters has been identified as the potential location for the country’s first grid-connected floating solar project, Maltese Minister for Environment, Energy and Enterprise Miriam Dalli announced. A preliminary market consultation (PMC) has been launched to a

about 2 years ago
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