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Business & Finance

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Illustration; Source: Woodside
Business & Finance

Woodside promotes from within to fill CEO role

Australia’s energy giant Woodside has finished its hunt for a new Chief Executive Officer (CEO) by assigning this position to its Acting CEO.

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

Baker Hughes lands five-year job with Petrobras in Brazil

U.S.-headquartered energy technology giant Baker Hughes has won a multi-year deal with Brazil’s state-owned energy giant Petrobras to support critical turbomachinery equipment for the South American country’s offshore and refinery operations.

about 6 months ago
Training simulator in the making for Jan De Nul’s Fleeming Jenkin
Business & Finance

Training simulator in the making for Jan De Nul’s Fleeming Jenkin

Jan De Nul has appointed the Dutch company Tree C Technology to develop a training simulator for its XL cable-laying vessel (CLV) Fleeming Jenkin. Jan De Nul placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard in October 2023, followed by an order for another identical vessel, named

about 6 months ago
PEL 87 location map; Source: Pancontinental
Business & Finance

Pancontinental picks up 12-month extension for Namibia’s Orange Basin permit

Pancontinental Orange, a subsidiary of Australia-based petroleum exploration player Pancontinental Energy, has secured a one-year extension of its license off the coast of Namibia.

about 6 months ago
Morecombe; Source: Spirit Energy
Business & Finance

Spirit Energy books AG on multi-year North Sea gig

Spirit Energy, an energy company with two shareholders consisting of Centrica (69%) and Stadtwerke München GmbH SWM (31%), has hired AG Consultancy and Apps (AG), an independent SAP consultancy, on a long-term assignment to support its assets in the North Sea.

about 6 months ago
A large vessel at sea
Business & Finance

Two Flex LNG vessels on duty until 2032 and one ship up to 2041

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has revealed a contract extension for two LNG carriers and the start of an assignment for another vessel.

about 6 months ago
Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands
Business & Finance

Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands

Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. This is said to be a preparatory first step of the microgrid project, partly funded by the Swedish Energy Agency and in close collaboration with project partners, incl

about 6 months ago
S‑92 helicopter; Source: Bristow
Business & Finance

Bristow’s helicopter pair tasked with flights across Norwegian oil & gas fields

Bristow Norway, a subsidiary of the offshore aviation services provider Bristow Group, has secured a multimillion-dollar assignment on the Norwegian Continental Shelf (NCS) for two helicopters with Norway’s state-owned energy giant Equinor.

about 6 months ago
First US subsea rock installation vessel begins sea trials
Business & Finance

First US subsea rock installation vessel begins sea trials

Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel (SRIV), owned by Texas-headquartered Great Lakes Dredge & Dock Corporation (GLDD), has begun its sea trials, with operations to start soon. GLDD ordered the vessel from Philly Shipyard, Inc. in 2021, with the first s

about 6 months ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Business & Finance

Chevron hires Hanwha Ocean for Mediterranean gas field expansion

Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, has put South Korea’s Hanwha Ocean on module fabrication duty for its planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.

about 6 months ago
Lamprell tasked with replacing 285 kilometers of subsea pipeline in India
Business & Finance

Lamprell tasked with replacing 285 kilometers of subsea pipeline in India

Offshore fabrication contractor Lamprell has been tasked by India’s state-owned energy company Oil and Natural Gas Limited (ONGC) to deliver a pipeline replacement project in Indian waters. Lamprell’s scope includes the replacement and laying of approximately 285 kilometers of subsea pipelines of va

about 6 months ago
Noble Integrator jack-up rig; Source: Noble Corporation
Business & Finance

Aker BP picks up clearance for oil & gas drilling ops with Noble rig

Norwegian authorities have given the go-ahead for production drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a rig owned by Noble Corporation, a U.S.-headquartered energy giant.

about 6 months ago
Brazilian merger to create company with 73-vessel fleet
Business & Finance

Brazilian merger to create company with 73-vessel fleet

Brazil’s offshore vessel owners OceanPact and CBO are set to combine their businesses by incorporating CBO’s holding company into OceanPact, thereby creating a firm that will have a total fleet of 73 vessels. The partners note that the business combination is a catalyst for implementing sustainable

about 6 months ago
Corinth Pipeworks to buy 100-year-old LSAW pipes facility in UK
Business & Finance

Corinth Pipeworks to buy 100-year-old LSAW pipes facility in UK

Greek Corinth Pipeworks, part of Belgium’s Cenergy Holdings, has entered into an agreement to acquire a 100-year-old longitudinal submerged arc welding (LSAW) pipe mill in the UK for a total consideration of GBP 10 million (around €11.45 million). Corinth Pipeworks UK Ltd and the joint administrator

about 6 months ago
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