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GMS Evolution vessel (for illustration purposes); Source: GMS
Business & Finance

UAE player’s new MENA deal reflects growing demand and higher rates

UAE-headquartered Gulf Marine Services (GMS) has secured a new long-term contract for one of its large-size class vessels.

about 3 years ago
Baltic Pipe launches, commissioning expected earlier than planned
Business & Finance

Baltic Pipe launches, full start-up expected one month earlier

Polish gas transmission system operator (TSO) GAZ-SYSTEM and its Danish partner Energinet have held the opening ceremony for the Baltic Pipe project at the gas compressor station in Goleniów. Energinet recently announced that the Baltic Pipe gas pipeline can be put into full operation from the end o

about 3 years ago
After operator defers intervention ops for fourth well, Maersk rig days away from drilling at another field off Brazil
Business & Finance

After deferral of well intervention work, Maersk rig days away from drilling at another field off Brazil

Karoon Energy has decided to postpone intervention activities on the fourth well at a field, located offshore Brazil.

about 3 years ago
Na Kika platform in the Gulf of Mexico
Business & Finance

Operators shutting in Gulf of Mexico platforms ahead of hurricane

Two oil and gas operators in the U.S. Gulf of Mexico have shut in production at some of their assets ahead of an impact by Hurricane Ian.

about 3 years ago
LNG carrier
Business & Finance

DSME inks $1.4 bln conditional takeover deal with Hanwha

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. Under the terms of the Memorandum of Understanding,

about 3 years ago
Fourth Gabon well drilling results exceed expectations while FSO and field reconfiguration ops near completion
Business & Finance

Fourth Gabon well exceeds expectations while FSO and field reconfiguration ops near completion

Vaalco is expecting a boost to its reserves and production after the fourth well in its drilling programme off Gabon goes online next month.

about 3 years ago
BP’s Tortue FPSO
Business & Finance

No significant damage on BP’s new Tortue FPSO, partner says

BP’s new Tortue FPSO for the GTA project in Mauritania and Senegal has been returned to the quayside of the COSCO shipyard in China.

about 3 years ago
Former Seadrill exec takes over CCO role at Valaris
Business & Finance

Former Seadrill exec takes over CCO role at Valaris

Offshore drilling contractor Valaris has welcomed a new Chief Commercial Officer (CCO) to its executive management committee.

about 3 years ago
Equinor is using the West Hercules rig for Canada ops
Business & Finance

Equinor forced to restart Canadian well due to operational challenges

Norwegian energy giant Equinor has encountered difficulties during its drilling operations offshore Canada. As a result, operations will take longer than previously expected.

about 3 years ago
Judy platform in the UK North Sea
Business & Finance

UK govt to speed up new energy projects, including five oil & gas developments

UK government plans to accelerate various energy projects, including five oil and gas as well as several CCS, hydrogen, and offshore wind projects.

about 3 years ago
RWE seals multi-year LNG supply deal with ADNOC, first cargo to reach floating LNG terminal at Brunsbüttel by year-end
Business & Finance

RWE seals multi-year LNG supply deal with ADNOC, first cargo to reach floating LNG terminal at Brunsbüttel by year-end

German energy company RWE has entered into an agreement with Abu Dhabi National Oil Company (ADNOC) on liquefied natural gas (LNG) supplies, with the first cargo to be delivered to a floating LNG import terminal at Brunsbüttel. Under the agreement, the first delivery of a cargo of LNG will be suppli

about 3 years ago
Next-gen-underwater-vehicle-hits-the-water-at-German-offshore-wind-farm
Business & Finance

Next-gen underwater vehicle hits the water at German offshore wind farm

A.IKANBILIS, said to be the world’s first underwater inspection vehicle featuring adaptive autonomy, has completed trials at the Nordsee One offshore wind farm in Germany. Trials of the hovering autonomous underwater vehicle (HAUV) were conducted by Nordsee One and supported by manufacturer BeeX and

about 3 years ago
Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
Business & Finance

Two new rigs to join ‘one of the largest operating jack-up fleets in the world’

ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.

about 3 years ago
Orkney Research and Innovation Campus - ORIC (Courtesy of Highlands and Islands Enterprise)
Business & Finance

Orkney’s innovation center for marine renewables secures over €3M for expansion

Highlands and Islands Enterprise (HIE) and Orkney Islands Council (OIC) have approved a funding package totaling £2.8 million (€3.1 million) towards the second phase of development at Orkney Research and Innovation Campus (ORIC).

about 3 years ago
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