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Deepsea Mira rig; Source: Odjell Drilling
Business & Finance

Odfjell Drilling cheers completion of ‘complex’ rig move off Namibia

Odfjell Drilling has boosted operational efficiency by employing a new method to complete a rig move off Namibia.

about 2 years ago
Survey campaign wraps up at 2 GW Scottish offshore wind site
Business & Finance

Survey campaign wraps up at 2 GW Scottish offshore wind site

A geotechnical survey campaign has wrapped up at an offshore wind farm site in Scotland being developed by Ocean Winds, a joint venture between EDP Renewables and Engie. According to the project’s latest Notice to Mariners (NtM), the geotechnical survey within the Caledonia offshore wind farm site w

about 2 years ago
Noble Valiant drillship; Source: Noble Corporation
Business & Finance

With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’

Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.

about 2 years ago
Illustration; Source: The International Energy Agency (IEA)
Business & Finance

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 2 years ago
New partnership targets cable-lay market
Business & Finance

New partnership targets cable-lay market

The Netherlands-based Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio, with the aim of increasing its position in the offshore wind market. According to Huisman, the agreement will see the combination of ESD’s expertise in designing smart cable-lay solut

about 2 years ago
Prysmian hits dynamic cables milestone
Business & Finance

Prysmian hits dynamic cables milestone

Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cabl

about 2 years ago
Dr. Sultan Al Jaber, COP28 President
Business & Finance

New charter urges private sector towards ‘bolder’ climate and net-zero action ahead of COP28

The COP28 Presidency has revealed the launch of a new charter to mobilize and encourage the private sector to take further steps towards accelerating and bolstering their net-zero pledges.

about 2 years ago
TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications
Business & Finance

TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications

Norway’s cleantech company TECO 2030 and Japan’s electrical engineering and software company Yokogawa Electric Corporation have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under the agre

about 2 years ago
Gulf of Mexico and Norway on schedule for TGS
Business & Finance

Gulf of Mexico and Norway on schedule for TGS

Norway’s TGS has secured an extension of a contract offshore Norway, as well as a new contract with a repeat customer in the Gulf of Mexico. TGS secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another t

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

With UK fiscal challenges ‘undermining investor confidence,’ sale of North Sea discovery falls through due to lack of money

Quattro Energy Limited has been unable to raise the required funds for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.

about 2 years ago
PIL PSA MOU
Business & Finance

PSA, PIL to develop low carbon pathways

Singapore’s port operator PSA Singapore (PSA) and compatriot shipping company Pacific International Lines (PIL) have signed a Memorandum of Understanding (MOU) to jointly develop sustainable solutions to cut carbon emissions and optimize maritime efficiency. The duo plans to work on developing a set

about 2 years ago
GMS Endurance (for illustration purposes); Source: Gulf Marine Services (GMS)
Business & Finance

GMS picks up new deal and two extensions for its vessels

GMS has won one new contract and two extension deals for the vessels in its fleet, raising contracted backlog revenue to $326.2 million.

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

McDermott and PTSC to rake in over $1 billion for Asian gas project

McDermott, as part of a consortium with PTSC, has gotten its hands on a limited letter of award for work on a gas project off Vietnam.

about 2 years ago
Deepwater Titan drillship; Source: Transocean
Business & Finance

Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes

Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.

about 2 years ago
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