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Inyanga Marine to build Southeast Asia's first tidal energy plant
Business & Finance

UK firm to build Southeast Asia’s first tidal energy plant

San Bernardino Ocean Power Corporation (SBOPC), an affiliate of Energies PH, has awarded the UK’s Inyanga Marine Energy Group with a contract to build Southeast Asia’s first-ever tidal power generation plant. The project will be located at the remote Capul Island of Northern Samar in the Philippines

about 2 years ago
Retrofitted TDI-Brooks vessel en route to its first offshore wind job
Business & Finance

TDI-Brooks vessel en route to its first offshore wind job after retrofit campaign

U.S.-headquartered TDI-Brooks has added a 2000-built research vessel to its fleet, which is currently on its way to kick off an offshore wind job after it had undergone a retrofit campaign. The R/V Nautilus, formerly known as Nautical Geo, is currently on its way to the U.S. East Coast to provide su

about 2 years ago
Nebula Energy buys majority stake in AG&P LNG for $300 million
Business & Finance

Nebula Energy buys majority stake in AG&P LNG for $300 million

Nebula Energy, a fully integrated investment management firm focused on LNG and CCS sectors, has acquired a majority stake in AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure. On January 31, Nebula Energy announced it is investing $300 million in AG&P

about 2 years ago
Peregrino C platfrom is part of Peregrino Phase 2 development; Credit: Ricardo Santos - Equinor
Business & Finance

SLB and Equinor come closer to fully autonomous drilling with ‘exciting milestone’ off Brazil

SLB and Equinor have made inroads in bringing fully autonomous drilling operations to life while drilling a well section off Brazil.

about 2 years ago
Saipem reports pipelayer incident offshore Australia
Business & Finance

Saipem reports pipelayer incident offshore Australia

Italian oilfield services provider Saipem has reported that an incident occurred on its pipelaying vessel during operations offshore Australia. Saipem announced that early this morning, January 30, an incident occurred on the Castorone pipelay vessel off the waters of Australia during normal pipelay

about 2 years ago
West Capella drillship; Source: Mubadala Energy
Business & Finance

With new batch of drillship deals, Seadrill reels in $97.5 million

Seadrill has disclosed a new contract award and extension, totaling approximately $97.5 million in value, for two drillships.

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

Eni’s CEO portrays UK as ‘primary’ investment playground for gas, renewables, and CCS pursuits

Eni’s CEO describes the UK as a top investment destination not just for natural gas but also for renewable energy, and carbon capture and storage (CCS).

about 2 years ago
After little acquisition activity in 2023, Norwegian firm gets $11.7M contract with Petrobras
Business & Finance

After little acquisition activity in 2023, Norwegian firm gets $11.7M contract with Petrobras

Brazilian state-owned oil and gas giant Petrobras has awarded Norway’s Electromagnetic Geoservices (EMGS) with a contract worth approximately $11.7 million to deliver a multi-client survey offshore Brazil. The contract represents EMGS’ first acquisition project offshore Brazil in almost ten years. T

about 2 years ago
Barossa concept; Source: Santos
Business & Finance

Australia’s oil & gas industry throws its support behind calls to cut taxpayer funding for activist group

Many have publicly denounced their support for a taxpayer-funded NGO that takes legal action over climate change and environmental issues.

about 2 years ago
Wallenius Wilhelmsen
Business & Finance

Wallenius Wilhelmsen lands lucrative contracts worth $1.2 billion

Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on

about 2 years ago
Scottish consortium to develop green hydrogen shore power trial with CMDC funding
Business & Finance

Scottish consortium to develop green hydrogen shore power trial with CMDC funding

A Scottish consortium of four renewable and maritime companies has secured funding from the UK Government Department for Transport (DfT) to develop a green hydrogen shore power trial project at the Port of Leith. As disclosed, the project was granted over £535,000 (around $679,000) as part of the Cl

about 2 years ago
PSV Energy Paradise; Source: Golden Energy Offshore Services (GEOS)
Business & Finance

Two vessel gigs land on Norwegian player’s North Sea backlog

Golden Energy Offshore Services (GEOS) has found more work for two platform supply vessels (PSVs) in its fleet by securing a set of new contracts in the North Sea.

about 2 years ago
COSL Promoter; Source: COSL Drilling
Business & Finance

Norwegian oil & gas firm gearing up to spud North Sea wildcat with COSL rig

Wellesley Petroleum has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 2 years ago
NYK
Business & Finance

NYK gets first transition loan to fund fuel-efficient vessel projects

NYK has secured its first transition syndicated loan to finance projects for reducing greenhouse gas (GHG) emissions such as constructing next-generation fuel vessels.

about 2 years ago
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