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Titania jack-up rig; Source: Paratus
Business & Finance

New multi-million drilling gig keeps jack-up rig busy off Mexico

SeaMex, a subsidiary of Paratus Energy Services Limited, has won a new drilling assignment for one of its jack-ups offshore Mexico.

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

TotalEnergies to splash out $903 million on its gas footprint expansion off Malaysia

TotalEnergies has set the wheels into motion to enrich its overall gas portfolio with more assets offshore Malaysia.

about 2 years ago
FID reached for Hydrogen Hub Agder as Everfuel transfers ownership to Greenstat
Business & Finance

FID reached for Hydrogen Hub Agder as Everfuel transfers ownership to Greenstat

Danish green hydrogen company Everfuel has transferred its ownership in the planned 20 MW Hydrogen Hub Agder electrolyzer to the project partner Greenstat Hydrogen. The final investment decision (FID) on the project has also been reached. Back in 2021, Everfuel and Greenstat formed a joint venture t

about 2 years ago
Siem vessel to work for PXGEO after completing class renewal
Business & Finance

Siem vessel to work for PXGEO after completing class renewal

Norwegian shipping company Siem Offshore has entered into a contract with marine geophysical service provider PXGEO for the charter of an offshore subsea construction vessel (OSCV). The OSCV Siem Spearfish will be engaged within the marine geophysical segment and support the charterer’s operations w

about 2 years ago
MOPU TSEVEN SHIRLEY; Source: T7 Global
Business & Finance

Brand-new MOPU ready to set sail for Asian offshore oil field

T7 Global has unveiled its new mobile offshore production unit (MOPU) at a grand naming ceremony held at the grounds of China State Shipbuilding Corporation Beihai Shipyard in Qing Dao, China.

about 2 years ago
Southeast Asian duo signs ‘transformative’ solar energy deal
Business & Finance

Southeast Asian duo signs ‘transformative’ solar energy deal

Singapore-headquartered New Energy Capital Asia and Thailand-based UMC Metals have signed a power purchase agreement (PPA) for a 1.6MWp solar project in Thailand featuring both floating and ground-mounted solar installations. New Energy Capital Asia is a provider of corporate and industrial solar e

about 2 years ago
Mike Wirth, Chevron’s Chairman and CEO; Source: Chevron
Business & Finance

Chevron’s CEO: Oil & gas go hand in hand with low-carbon solutions

Chevron’s Chief Executive Officer (CEO) is adamant that the world needs more oil and gas alongside low-carbon solutions.

about 2 years ago
Mariparks and multiuse to support sustainability efforts on North Sea
Business & Finance

Mariparks and multiuse to support sustainability efforts on North Sea

According to Erwin Coolen, Director of ECHT, we need Mariparks, which are offshore business areas, and multiuse to reach energy, food and nature transitions that are ongoing on the North Sea. Together with Nathalie Scheidegger, Project Leader Sustainable Blue Economy, Netherlands’ Ministry of Agricu

about 2 years ago
Peregrino A platform; Source: Equinor
Business & Finance

Wood finds more work at Equinor’s largest field outside Norway

Wood has tucked a contract extension under its belt to deliver maintenance and modification solutions to assets at a field off Brazil.

about 2 years ago
PSV Skandi Kvitsoy; Source: DOF Group
Business & Finance

Two oil & gas firms book DOF vessels for long-term gigs in Norway and Australia

DOF Group has won two long-term assignments for an AHTS vessel and a platform supply vessel (PSV) in Norway and Australia, respectively.

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

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Substation construction for Morlais tidal energy project wraps up
Business & Finance

Substation construction for Morlais tidal energy project wraps up

The construction of the £24 million substation for the Morlais tidal stream energy project has been completed and the substation has been delivered to site owner Menter Môn Morlais. Civil engineering firm Jones Bros has handed over the substation to Menter Môn Morlais in a move said to signal the su

about 2 years ago
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Business & Finance

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

about 2 years ago
Taiwanese geotechnical vessel under conversion to prep for local offshore wind market
Business & Finance

Taiwanese geotechnical vessel under conversion to prep for local offshore wind market

Taiwanese offshore geophysical and geotechnical investigation company PDE Offshore Corporation is carrying out the conversion of its new geotechnical vessel to service the local offshore wind market. The Geo Power geotechnical vessel is now under conversion work and will join the fleet in mid-2024 t

about 2 years ago
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