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Environmental Defense Fund Europe (EDFE)
Business & Finance

Good omen for getting rid of methane menace, as EU signals readiness to scale up reduction efforts

European Parliament’s landslide plenary vote shows the EU is ready to step up efforts to curb the methane footprint from the energy sector.

about 3 years ago
SeaBird Exploration stays in the Eastern hemisphere
Business & Finance

SeaBird Exploration stays in the Eastern hemisphere

Provider of seismic acquisition and source vessel services SeaBird Exploration has secured a contract to continue working in the Eastern hemisphere. Under the award, SeaBird Exploration will deliver ocean bottom node (OBN) source services using its vessel Eagle Explorer in the Eastern hemisphere. Th

about 3 years ago
Ocean BlackHawk drillship; Source: Diamond Offshore
Business & Finance

New jobs for Diamond Offshore’s rig fleet in U.S. and UK as drilling market shows signs of ‘broad-based upcycle’

Diamond Offshore has secured new contracts and extensions with higher day rates for several rigs in the U.S. Gulf of Mexico and the UK North Sea.

about 3 years ago
AWS’ Waveswing device and EMEC’s test support buoy offshore Orkney (Courtesy of EMEC/Photo by Colin Keldie)
Business & Finance

EMEC’s marine energy activities brought in over €420M to UK economy, report finds

Economic impact assessment spanning two decades of operations at the European Marine Energy Centre (EMEC) has valued the impact of the test center to UK economy to be over €420 million (£370 million).

about 3 years ago
Boskalis launches new fallpipe vessel
Business & Finance

Boskalis launches new fallpipe vessel

Dutch offshore services provider Boskalis has commissioned its new fallpipe vessel, used to protect cables and pipelines with rocks in order to prepare the seabed for the installation of wind turbine foundations and protect them from erosion. Boskalis reported on 5 May that it had held the naming ce

about 3 years ago
NAGA 4 rig; Source: Velesto Energy
Business & Finance

Petronas takes three Velesto jack-up rigs for drilling ops off Malaysia

Velesto has secured work with an estimated combined contract value of $128 million for three jack-up drilling rigs with Petronas Carigali.

about 3 years ago
$16 million subsea order lands on Kraken Robotics' table
Business & Finance

$16 million subsea order lands on Kraken Robotics’ table

Canada’s Kraken Robotics has received a purchase order for subsea batteries valued at $16 million, with deliveries set to occur this and next year. With this order, Kraken said it had now received more than $30 million of purchase orders in the last six months for its SeaPower subsea batteries. The

about 3 years ago
Illustration/Verdant Power’s three-turbine array mounted on TriFrame (Courtesy of US DOE)
Business & Finance

US DOE officially opens $45 million funding call for tidal energy

The US Department of Energy (DOE) has released a $45 million funding opportunity to advance a comprehensive approach to tidal and current energy development in the United States.

about 3 years ago
Stena Line
Business & Finance

Stena Line takes over ferry and RoRo terminal in Port of Ventspils, Latvia

Swedish ferry operator Stena Line has acquired the operations of the ferry and RoRo terminal in the Port of Ventspils, Latvia, in the latest move supporting the group’s long-term expansion in the growing Baltic Sea region. Stena Line has operated the route between Ventspils and Nynäshamn, Sweden sin

about 3 years ago
Norbe VI; Source: Ocyan
Business & Finance

Field revitalisation yields ‘evidence’ of oil in prospect off Brazil

PRIO, formerly known as PetroRio, has uncovered proof of the existence of oil in a prospect located off the coast of Brazil.

about 3 years ago
Shortly after revealing new investment plans, NKT's CEO resigns
Business & Finance

Shortly after revealing new investment plans, NKT’s CEO resigns

NKT’s Chief Executive Officer (CEO) Alexander Kara has decided to leave the company and is being replaced from within. The announcement comes shortly after the company revealed it was planning new investments in additional production capacity and capabilities. According to NKT, Kara has decided to l

about 3 years ago
CMA CGM
Business & Finance

CMA CGM moves forward with Bolloré Logistics acquisition deal

French liner heavyweight CMA CGM has committed to purchasing Bolloré Group’s transport and logistics operations – Bolloré Logistics. CMA CGM said that it has granted ‘ a put option’ to Bollore Group to sell Bollore Logistics after exclusive negotiations announced on April 18, which the latter accept

about 3 years ago
Hercules rig; Source: SFL Corp.
Business & Finance

Rig deal for drilling campaign off Namibia confirmed

The rig will be used for a drilling campaign at a licence offshore Namibia close to Shell’s Graff and TotalEnergies’ Venus discoveries.

about 3 years ago
The Seligi field produces gas through the PM8/Seligi PSC hub; Source: EnQuest
Business & Finance

EnQuest ramping up gas output from asset off Malaysia

EnQuest has inked a deal with Malaysia’s Petronas to boost gas production from a field located in shallow water offshore Malaysia.

about 3 years ago
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