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New subsea survey data platform comes to market
Business & Finance

TrueOcean launches digital subsea survey data platform

Germany-headquartered subsea geo-information specialist TrueOcean has launched a new digital platform that unifies subsea survey data formats. According to TrueOcean, the smart marine data platform (MDP) accelerates the transformation of marine data acquired by underwater sensors, including multibea

about 3 years ago
New Norwegian vessel operator sets up shop as ammonia-powered PSV design enters offshore market
Business & Finance

New vessel operator sets up shop as ammonia-powered PSV design enters offshore market

Amon Maritime has launched a new offshore market player – Amon Offshore – and a carbon-free, ammonia-powered PSV design.

about 3 years ago
Baltic Pipe receiving terminal put into operation
Business & Finance

Baltic Pipe receiving terminal put into operation

The receiving terminal of the Baltic Pipe project located at Varde in Western Jutland, Denmark, has been put into operation and is now receiving gas from Norway. The terminal was put into operation on 1 November at 6 a.m. local time, so far with half of the total capacity (6,700 MWh/h). This means t

about 3 years ago
FPS Waal
Business & Finance

Future Proof Shipping picks Ballard’s fuel cells for retrofit of its 2nd containership

Dutch marine transportation service provider Future Proof Shipping (FPS) has selected Ballard Power Systems to provide PEM fuel cells for the retrofitting of its second inland container vessel, the FPS Waal. Once the project is complete, the vessel will operate emissions-free, powered by green hydro

about 3 years ago
While focusing on energy trilemma, BP more than doubles its profit
Business & Finance

While focusing on energy trilemma, BP more than doubles its profit

BP has delivered high profits in the third quarter of 2022 on a year-on-year basis, driven by natural gas trading and elevated energy prices.

about 3 years ago
The signing of MoU between ACWA Power and PLN for floating solar projects in Indonesia (Courtesy of ACWA Power)
Business & Finance

ACWA Power enters floating solar sector

ACWA Power has signed a deal with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) to develop two floating solar projects in the world’s largest archipelagic state.

about 3 years ago
Subsea construction vessel trifecta for Solstad
Business & Finance

Subsea construction vessel trifecta for Solstad

Solstad Offshore has secured new contracts for three of its subsea construction vessels (CSVs) which have a combined time charter value of approximately NOK 1.6 billion (around €156.5 million). Havfram contracted Normand Vision for a period of three years firm, plus options for additional two years.

about 3 years ago
Shell wraps up sale of stake and operatorship in deepwater gas-to-power project off Philippines
Business & Finance

Shell wraps up sale of stake in deepwater gas-to-power project off Philippines

Shell has completed the sale of a 100 per cent shareholding in its subsidiary, which operates a gas field in the Philippines.

about 3 years ago
PanGeo Subsea marks record year in acoustic corer contracts
Business & Finance

PanGeo Subsea marks record year in acoustic corer contracts

PanGeo Subsea, a subsidiary of Kraken Robotics, is nearing completion of its busiest year so far in terms of acoustic corer contracts, valued at over $8 million in 2022. Earlier this year, PanGeo won a $5 million contract in the U.S. to support an oil platform decommissioning survey and acquire 63 o

about 3 years ago
FPSO Okha; Source: Woodside
Business & Finance

BP concludes the sale of its interest in Australian oil-producing fields

Jadestone Energy has acquired BP’s stake in a Woodside Energy-operated project, encompassing oil-producing fields offshore Australia.

about 3 years ago
MSC Gulsun
Business & Finance

MSC: CII methodology must be revised to avoid unintended penalizing of ships

MSC, the world’s largest ocean carrier by operated container vessel capacity, has backed the criticism of the impending carbon intensity indicator (CII) regulation amid fears that the methodology used might result in unintended consequences and penalization. Under the CII rating scheme, set to enter

about 3 years ago
M350 - next generation newbuilt FPSO hulls - MODEC
Business & Finance

MODEC to handle FEED work for ExxonMobil’s fifth Guyana project

MODEC has signed a contract to perform Front End Engineering and Design (FEED) for ExxonMobil’s FPSO for the Uaru project in Guyana.

about 3 years ago
Valaris MS-1 rig
Business & Finance

Valaris expects Australian contract suspension to have no impact on earnings

Offshore drilling contractor Valaris has revealed that some more work has been awarded to its rigs but another contract has been suspended.

about 3 years ago
Fresh deepwater oil discovery off Brazil
Business & Finance

Fresh deepwater oil discovery off Brazil

Petrobras has made an oil discovery in a well located off Brazil and steps have been undertaken to measure the extent of this discovery.

about 3 years ago
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