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A map showing Dieppe Le Treport offshore wind farm location
Business & Finance

DEME contracts Hellenic Cables on Dieppe Le Tréport offshore wind farm

Hellenic Cables has signed a contract with DEME Offshore for the supply of inter-array cables for the Dieppe Le Tréport offshore wind farm in France, being developed by the Eoliennes en mer Dieppe Le Tréport (EMDT) consortium off the French coast in the English Channel. Under the contract, the Greec

about 3 years ago
Illustration/Verdant Power’s RITE Project (Courtesy of US DOE/ Photo by Paul Komosinski, Drone Altitude/for NREL)
Business & Finance

US government to fund research to improve offshore wind and marine energy deployments

The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States.

about 3 years ago
CSV Normand Superior; Source: Solstad Offshore
Business & Finance

More time for Solstad’s subsea vessel with Ocean Infinity

Norwegian offshore vessel owner Solstad Offshore has secured a contract extension with Ocean Infinity for one of its construction support vessels (CSVs).

about 3 years ago
FPSO Abo; Source: BW Offshore
Business & Finance

BW Offshore FPSO staying longer off Nigeria

Eni has agreed on another short-term contract extension with BW Offshore for an FPSO, which is working on a field offshore Nigeria.

about 3 years ago
Havila Subsea (Source: Havila Shipping)
Business & Finance

Reach Subsea prolongs Havila vessel’s work assignment

Reach Subsea has exercised an option to extend the existing contract for one of Havila Shipping’s IMR, survey, and construction vessels.

about 3 years ago
CMA CGM
Business & Finance

CMA CGM wraps up GCT acquisition, eyes development and decarbonization investments

French shipping major CMA CGM Group has finalized its acquisition of Global Container Terminals (GCT) Bayonne and New York terminals which was announced in December last year. “Through this strategic investment, the group strengthens its position as a global port terminal operator, and a leading sup

about 3 years ago
COSL Promoter rig; Credit: COSL Offshore Management
Business & Finance

New offshore drilling gigs for two COSL rigs bringing $369 million

Equinor has hired two semi-submersible rigs from COSL Offshore Management for drilling operations on the Norwegian continental shelf (NCS).

about 3 years ago
Illustration; Source: Westwood
Business & Finance

Despite higher day rates, new rig orders not on the cards soon, says Westwood

While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

about 3 years ago
FPSO Montara Venture; Source: Jadestone Energy
Business & Finance

Australian FPSO just a day shy of coming back online

Jadestone Energy has disclosed its new timeline for the restart of production from an FPSO in the Timor Sea offshore Australia.

about 3 years ago
Nauticus Robotics
Business & Finance

Equinor picks Nauticus and Stinger Technology for North Sea project

Nauticus Robotics has been hired – together with its partner, Stinger Technology – for a pilot project by Norway’s Equinor.

about 3 years ago
nogaps
Business & Finance

Ammonia-powered ships expected to be 50-130 pct pricier to build

The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv

about 3 years ago
Raymond Alcorn, CEO and founder of Exceedence (Courtesy of UCC)
Business & Finance

Exceedence launches €500K crowdfunding campaign

Irish fintech company Exceedence has launched a crowdfunding campaign on Seedrs platform, aiming to raise €500,000 to advance its software solution exfin that can help accelerate the roll out of offshore wind, wave and tidal energy projects.

about 3 years ago
FPSO Anna Nery; Source: Yinson
Business & Finance

Petrobras and Chinese players join forces in pursuit of oil & gas, renewables, and CCS opportunities

Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.

about 3 years ago
Hapag-Lloyd
Business & Finance

Reports: Hapag-Lloyd doesn’t make it to the shortlist in the bid for HMM

The fervent contest to secure ownership of South Korea’s premier shipping enterprise, HMM Co., has recently taken a compelling turn with the entry of Hapag-Lloyd AG, Germany’s foremost container shipping powerhouse. Hapag-Lloyd, Germany’s most prominent and the fifth largest global player, stood as

about 3 years ago
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