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Business & Finance

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WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels
Business & Finance

WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels

Spanish automated wind-assisted propulsion system specialist bound4blue has installed the first eSAIL units on the first of five tankers owned by Danish Maersk Tankers. Four 24-meter ‘plug and play’ suction sails were fitted on Maersk Trieste, completing the first stage of an agreement that will see

about 6 months ago
Prysmian to buy Spanish cable survey and installation solutions provider
Business & Finance

Prysmian to buy Spanish cable survey and installation solutions provider

Italian cabling giant Prysmian Group is set to acquire ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350 employees. Its

about 6 months ago
NAGA 4 jack-up rig; Source: Velesto
Business & Finance

Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays

As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will remain on stable ground during the year

about 6 months ago
Alaska LNG
Business & Finance

Worley among firms breathing life into $44 billion LNG project during early execution stage

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has taken steps to move the first phase of its liquefied natural gas (LNG) export development in Alaska from development into early execution by announcing conditional awards for pipeline construction and line pipe supply, following a multi-roun

about 6 months ago
Newbuild Dutch multifunctional workboat to hit the market in September
Business & Finance

Newbuild Dutch multifunctional workboat to hit the market in September

Dutch Van Wijngaarden Marine Services has signed a contract with compatriot shipbuilder and designer Neptune Marine for the construction of an EuroCarrier that will be capable of performing survey and geotechnical services, among other things. The new EuroCarrier 2712 – DP1 – TIER III, to be named M

about 6 months ago
A plant on the coast
Business & Finance

Vitol locks in LNG supplies through 2031 with Brunei-based firm

Vitol, an energy and commodities company, has prolonged its liquefied natural gas (LNG) sale and purchase agreement (SPA) with Brunei Energy Services & Trading (BEST), ensuring LNG supplies for four additional years.

about 6 months ago
German dry bulk carrier firm adopts fleet-wide energy optimization technology
Business & Finance

German dry bulk carrier firm adopts fleet-wide energy optimization technology

German dry bulk carrier owner and operator Oldendorff Carriers is deploying energy optimization technology from a Swedish company to reduce energy consumption and emissions across its fleet. As part of the partnership with Swedish technology provider eMarine, Variable Frequency Drives (VFDs) have al

about 6 months ago
DeepOcean concludes operations at US offshore wind project
Business & Finance

DeepOcean concludes operations at US offshore wind project

Ocean services provider DeepOcean has completed trenching and survey operations at a U.S. offshore wind project under a contract awarded by what it says is a global provider of engineering, procurement, construction and installation (EPCI). DeepOcean’s scope of work included trenching and surveying

about 6 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor’s drilling ops with Transocean rig in the clear

Equinor has secured the green light from the Norwegian authorities for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 6 months ago
Dutch partnership formed to pursue scalable autonomous maritime operations
Business & Finance

Dutch partnership formed to pursue scalable autonomous maritime operations

Dutch Royal IHC and Demcon Unmanned Systems have entered into a strategic partnership for the deployment of unmanned and autonomous vessels for scalable autonomous maritime operations. The partnership has started with the development and integration of containerized launch and recovery systems (LARS

about 6 months ago
Shipowner takes over ‘China’s first’ dual-fuel methanol-powered bunkering vessel
Business & Finance

Shipowner takes over ‘China’s first’ dual-fuel methanol-powered bunkering vessel

Hong Kong-based shipowner Wah Kwong Maritime Transport Holdings Limited has welcomed to its fleet what it says is China’s first dual-fuel methanol-powered bunkering vessel. Da Qing 268 is the fourth bunkering vessel under the company’s care, joining Hai Gang Wei Lai, the largest LNG bunkering vessel

about 6 months ago
Illustration; Source: McDermott
Business & Finance

McDermott takes on EPCI job at ADNOC’s oil expansion project

McDermott has landed a major assignment, worth between $750 million and $1 billion, for an expansion project designed to boost offshore oil production at a development operated by the United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC).

about 6 months ago
CMA CGM Monte Cristo; Source: CMA CGM
Business & Finance

CMA CGM’s fleet grows to 400 owned vessels as first of six methanol container ships comes in

French shipping and logistics giant CMA CGM Group has welcomed the arrival of the first in a series of six 15,000-TEU methanol container ships, expanding its arsenal with the 400th owned vessel within a fleet of over 650 vessels worldwide, as part of its decarbonization strategy.

about 6 months ago
FPSO Petrojarl Kong
Business & Finance

SOCAR coming aboard Eni’s oil & gas project in West Africa

Italy’s energy giant Eni has sealed a deal to divest a partial stake in an oil and gas development project off the coast of Côte d’Ivoire to the State Oil Company of the Republic of Azerbaijan (SOCAR).

about 6 months ago
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