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MODEC and Aibel hand out deals for ‘one of the largest FPSOs ever delivered to Brazil’
Business & Finance

MODEC and Aibel hand out deals for ‘one of the largest FPSOs ever delivered to Brazil’

MODEC and Aibel have picked Axess Group for work on an FPSO bound for an Equinor-operated field off Brazil.

about 3 years ago
IMI - Lamprell
Business & Finance

Lamprell cheers key milestone on second jack-up for Saudi yard

Lamprell and International Maritime Industries (IMI) have announced the completion of the load-out and float-off of the second jack-up rig being constructed for IMI.

about 3 years ago
With UK’s next licensing round around the corner, activists set up roadblocks to demand a stop to new oil & gas
Business & Finance

With UK’s next licensing round around the corner, activists demand a stop to new oil & gas

As the UK gets ready for an oil & gas licensing round, activists have devised roadblocks, demanding a halt to new fossil fuel projects.

about 3 years ago
TPG Ecuador
Business & Finance

Hapag-Lloyd splashes $1 billion on SAAM’s port terminals & logistics business

German liner shipping company Hapag-Lloyd has signed a binding agreement with Chilean operator of port, towage and logistics services Sociedad Matriz SAAM for the acquisition of 100% of shares of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics business. The trans

about 3 years ago
Sembcorp Marine
Business & Finance

Sembcorp Marine lands FPSO order with Petrobras

Brazil’s Petrobras has signed a contract with Sembcorp Marine for the construction an FPSO for operations on the Búzios field offshore Brazil.

about 3 years ago
Argeo inks five-year bareboat contract for 2001-built vessel
Business & Finance

Argeo inks five-year bareboat contract for 2001-built vessel

Argeo has entered into a five-year bareboat contract for Argeo Searcher, with an option to purchase the vessel for $2 million after 12 months and $1 million after 27 months. Argeo Searcher, formerly known as Ocean Pearl, will operate in the North and South America (NSA) and West Africa (WA) energy m

about 3 years ago
Prysmian begins cable production for first UK-Germany energy link
Business & Finance

Prysmian begins cable production for first UK-Germany energy link

Prysmian has begun the production of over 725 kilometers of cabling for the NeuConnect interconnector that will link the UK and Germany for the first time, three months after the project reached financial close. Prysmian won a contract earlier this year to design, manufacture, install, test and comm

about 3 years ago
Tyra TEG module installation - TotalEnergies
Business & Finance

Tyra module installation breaks world record as ‘heaviest crane lift ever undertaken at sea’

Heerema Marine Contractors’ Sleipnir has completed an offshore lift of the Tyra II process module for TotalEnergies’ Tyra redevelopment project in the Danish North Sea.

about 3 years ago
Shearwater to deliver next-gen deepwater dual ROV seismic vessel
Business & Finance

Shearwater to deliver next-gen dual ROV seismic vessel

Shearwater GeoServices is set to deliver the next-generation deepwater dual ROV ocean bottom node (OBN) deployment vessel to the industry. The vessel, under Shearwater ownership and management, is expected to be available to clients early in the second quarter of 2023 following the conversion of the

about 3 years ago
New North Sea deal with Neptune for helicopter operator
Business & Finance

Helicopter operator wins new North Sea deal with Neptune

Neptune Energy has awarded a contract to CHC Helicopters for offshore transport services in the Dutch sector of the North Sea.

about 3 years ago
Valaris 76 jack-up rig
Business & Finance

Valaris strikes deals with total backlog of $95 million

Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.

about 3 years ago
DEME places order for new, sustainable fallpipe vessel
Business & Finance

DEME places order for sustainable fallpipe vessel

DEME has taken the decision to invest in a new DP fallpipe vessel by purchasing and converting a bulk carrier, as part of its commitment to rejuvenate its fleet for the offshore energy industry. DEME has signed an agreement with Singapore’s Pax Ocean Shipyards and the vessel will enter the yard in l

about 3 years ago
Rig kicks off drilling ops offshore South Africa
Business & Finance

Rig kicks off drilling ops offshore South Africa

Eco (Atlantic) Oil & Gas has started drilling an exploration well on Block 2B offshore South Africa, using an Island Drilling-owned rig.

about 3 years ago
Eco Wave Power's ‘EWP-EDF One’ project in Israel (Courtesy of Eco Wave Power)
Business & Finance

Eco Wave Power’s net income grows amid currency fluctuations

Swedish-Israeli wave energy company Eco Wave Power has released financial results for the first half of 2022, marking a significant rise in net financial income due to foreign exchange differences.

about 3 years ago
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