Norway’s Reach Subsea has secured a contract and vessel capacity to deliver a decommissioning scope in the North Sea for an undisclosed client. The contract represents about 40 project days for execution in the first quarter of the year and will see the utilization of the vessel Olympic Delta. Reach
Marine insurance provider Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. The framework is aimed at enabling the insurance sector to implement transparency and establish a
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than $662 million funding in 2023 for Port Infrastructure Development Program (PIDP).
Norwegian oil and gas player Vår Energi has made a new oil discovery in the Barents Sea off Norway, using a Transocean-owned rig.
Norwegian state-owned energy giant Equinor has made a new commercial oil and gas discovery in the North Sea off Norway, using a Transocean-owned rig.
UK energy market regulator Ofgem has granted electricity interconnector licenses for three energy links that will connect the UK with three countries in the European Union.
After boosting its annual profits in 2022, TotalEnergies plans to strengthen its position in Europe by pursuing further LNG growth.
Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce
TechnipFMC’s diving support vessel (DSV) Deep Discoverer has mobilized to the Triton area in the North Sea and begun operations to tie in a Tailwind Energy well, according to UK-based oil and gas company Serica Energy. The Gannet GE-04 well was drilled late in 2022 and completed in January, with fir
With the closing of the general direction for the project, Singapore’s Jadestone Energy has made a significant step towards wrapping up the remaining works for an FPSO operating on a field in the Timor Sea off Australia and restarting production from this field later this month.
Mexico Pacific, a developer of the LNG export project in Puerto Libertad, Sonora, has signed two long-term sale and purchase agreements (SPAs) with ExxonMobil LNG Asia Pacific for the sale of a combined 2 million tonnes per annum (mtpa) of LNG. As per agreements, the ExxonMobil affiliate will buy 2
France-headquartered DORIS has secured a contract with Spanish oil company Repsol to deliver concept engineering of the subsea production system (SPS) and subsea umbilical, riser, and flowline (SURF) for a project offshore Mexico. The Parisian company signed a contract with Repsol Exploración México
Container shipping heavyweight A.P. Moller – Maersk has reported exceptional financial results for the year 2022. Despite the abnormal market conditions caused by the COVID-19 pandemic, the company managed to deliver solid performance across all its businesses, resulting in the best financial result
Seadrill has revealed that one of its drillships embarked on its assignment at a field offshore Brazil with the country’s oil and gas giant Petrobras.
