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Safe Concordia; Source: Prosafe
Business & Finance

Prosafe vessel staying longer in Gulf of Mexico

Prosafe has secured a charter extension with an undisclosed company for one of its semi-submersible vessels, which is working in the U.S. Gulf of Mexico.

about 2 years ago
Chinese cabling giant buys into two UK companies, enters Morocco-UK power project
Business & Finance

Chinese cabling giant buys into two UK companies, enters Morocco-UK power project

Chinese power cable specialist Orient Cable (NBO) is entering the Morocco-UK Power Project with the acquisition of a stake in the company behind the multi-technology renewable energy project. Xlinks First Limited announced it had entered into a share subscription agreement for the placement of commo

about 2 years ago
Map showing location of CGG’s new Trinidad & Tobago reimaging program
Business & Finance

Trinidad and Tobago hires CGG for multi-client reimaging program

Paris-based company CGG has signed an agreement with the Ministry of Energy and Energy Industries of Trinidad and Tobago to update 3D seismic data from deepwater blocks off the coast of Trinidad. CGG will deliver improved images of seismic data from deepwater blocks 25a, 25b, 26, and 27 in the east

about 2 years ago
Wilhelmshaven hydrogen initiative welcomes first North American partner
Business & Finance

Wilhelmshaven hydrogen initiative welcomes first North American partner

Canadian renewable energy company World Energy GH2 has joined Port of Wilhelmshaven’s ENERGY HUB, an initiative that aims to position Wilhelmshaven as the ‘Hydrogen Valley of Germany’, as the first North American member. On 26 January, World Energy GH2 announced it had officially become a member of

about 2 years ago
The FPSO Agogo, which is currently under conversion, is targeted for deployment in 2025; Source: Yinson
Business & Finance

Norwegian player’s compressor system hand-picked for Yinson Production’s Angola-bound FPSO

TMC Compressors has been hired by Yinson Production to deliver a large-capacity marine compressed air system on board an FPSO destined for Angola.

about 2 years ago
Solstad completes refinancing
Business & Finance

Solstad completes refinancing

Solstad Shipholding, part of Norway’s Solstad Offshore (SOFF), has completed refinancing which is expected to create a robust industrial platform going forward. The completed refinancing includes equity contributions to Solstad Maritime Holding (SMH) of NOK 4 billion (around $384.2 million) in total

about 2 years ago
Illustration; Source: Europa Oil & Gas
Business & Finance

UK oil & gas firm gets more time for technical studies and partner search off Ireland

AIM-listed Europa Oil & Gas has got an extension for a license offshore Ireland from the Irish government’s DECC.

about 2 years ago
Excelerate Energy to purchase Qatari LNG for Bangladesh
Business & Finance

Excelerate Energy to purchase Qatari LNG for Bangladesh

Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh. This sale and purchase agreement (SPA) will see Excelerate buy up to 1 million tons per annum (mtpa) of LNG from QatarEnergy to be deliv

about 2 years ago
FPSO Sepetiba; Source: SBM Offshore
Business & Finance

Petrobras’ annual oil & gas production reaches new heights

Petrobras has achieved new oil and gas production milestones in 2023, exceeding its strategic plan 2023-27 guidance.

about 2 years ago
Mariner platform; Credit: Jamie Baikie/Equinor
Business & Finance

Strike action at North Sea platform taken off the table as offshore drillers’ battle for work-life balance pays off

More than 100 offshore workers employed by Odfjell Technology have called off industrial action after securing improvements to working rotas.

about 2 years ago
GT Green Technologies wind propulsion
Business & Finance

Wind-assisted propulsion developers win big in latest CMDC funding round

Wind-assisted propulsion developers in the UK have secured major victories in the latest round of the Clean Maritime Demonstration Competition (CMDC), which has assigned £33 million (€38.6 million) for new technologies to 33 projects across all twelve regions of the UK. Leading the charge is GT Gree

about 2 years ago
Methanol engines ordered for world’s largest cable-laying vessel2
Business & Finance

Methanol engines ordered for world’s largest cable-laying vessel

Jan De Nul has signed an agreement with ABC Engines for the delivery of methanol marine engines for what is said to be the world’s largest cable-laying vessel (CLV). Jan De Nul has placed an order for four 7,200 kW engines and one 1,800 kW engine that can run on (bio)diesel, HVO and methanol with [&

about 2 years ago
Hercules rig; Source: SFL Corp.
Business & Finance

After striking light oil, Odfjell Drilling-managed rig moving to another well off Namibia

An Odfjell Drilling-managed semi-submersible rig will be relocating to another well situated within license PEL 83 offshore Namibia.

about 2 years ago
Illustration; Source: American Petroleum Institute (API)
Business & Finance

API: Derailing US gas exports and LNG infrastructure build-out could undermine global energy security

API has joined dozens of other industry groups in urging the Biden administration to reject calls to halt permits for U.S. LNG export facilities.

about 2 years ago
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