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Business & Finance

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Deepsea Yantai; Source: Odfjell Drilling
Business & Finance

Norwegian player scores new gig on Odfjell Drilling-managed rig

Norway-based cleantech service provider Soiltech has won a new assignment to perform fluid treatment and other services on a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 6 months ago
Singapore’s first electric tug commissioned ahead of deployment in April
Business & Finance

Singapore’s first electric tug commissioned ahead of April deployment

Singapore’s first electric tug, built by PaxOcean Group and powered by ABB, has completed commissioning ahead of expected deployment in April 2026. The fully electric tug PXO-ACE-1 is the first of its kind to be built and operated in Singapore as part of the Maritime and Port Authority of Singapore’

about 6 months ago
Aker Solutions
Business & Finance

Up to $1.2 billion in Aker Solutions’ bag as new deals with Equinor come in

Aker Solutions, a Norway-based energy services provider, has sealed multiple long-term assignments with Equinor, a compatriot state-owned energy giant.

about 6 months ago
South Korean duo working together to globalize HVDC asset management solutions
Business & Finance

South Korean duo working together to globalize HVDC asset management solutions

South Korean LS Cable & System and Korea Electric Power Corporation (KEPCO) have entered into a strategic agreement to jointly commercialize and globalize an advanced HVDC asset management system. The partnership integrates KEPCO’s Smart Fault Locator – Real Time (SFL-R) technology into LS Cable & S

about 6 months ago
Illustartion; Source: Wood Mackenzie
Business & Finance

Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000

With the appraisal insights regarding an oil find offshore Vietnam coming to light, Wood Mackenzie, an energy intelligence group, has labeled this hydrocarbon exploration success as “the biggest oil discovery in Southeast Asia of the last 20 years,” perceived to offer a potential lifeline to Vietnam

about 6 months ago
An offshore rig
Business & Finance

Golden Sea Lion roars with appraisal success at oil discovery offshore Southeast Asia

Houston-based oil and gas company Murphy Oil has achieved a new appraisal milestone related to an oil find in the Cuu Long Basin approximately 40 miles off the coast of Vietnam, Southeast Asia. This move is perceived to have unlocked significant resource upside.

about 6 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Evaluation coming up next to shed light on early indications of gas presence offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has intersected gas in Waarre reservoirs during drilling activities at a well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling play

about 6 months ago
Equinor expands Archer’s scope for P&A of 30 subsea wells
Business & Finance

Equinor expands Archer’s scope for P&A of 30 subsea wells

Norwegian state-owned energy company Equinor has awarded oil services company Archer with a multi-year integrated contract covering the plug and abandonment (P&A) of 30 subsea wells, with options for the extension to other such projects across Equinor’s portfolio. The contract builds on the planning

about 6 months ago
Noble Sam Croft drillship; Source: Noble Corporation
Business & Finance

Noble puts Axess on inspection and certification duty for rig quartet offshore Guyana

Noble Corporation, a U.S.-based offshore drilling giant, has entrusted Norway’s asset integrity management company Axess Group with the provision of inspection and certification services for four mobile offshore drilling units (MODUs), which are deployed off the coast of Guyana.

about 6 months ago
Vietnamese JV set up to pursue shipping industry’s digital transformation with AI
Business & Finance

Vietnamese JV set up to pursue shipping industry’s digital transformation with AI

Singapore-based shipping company Ocean Network Express (ONE) and Japan’s MTI Ltd. have established a joint venture (JV) company in Vietnam with the aim of promoting digital transformation of operations and business models in the shipping industry by using artificial intelligence (AI) technology. Est

about 6 months ago
Petronas Sepat field; Source: Petrofac Uzma
Business & Finance

Petronas hands out more work to Vantris offshore Malaysia

Sapura Offshore, an indirect wholly-owned subsidiary of Malaysia’s oil and gas services provider Vantris Energy, formerly known as Sapura Energy, has secured new work orders for offshore transportation and installation (T&I) activities off the coast of Malaysia.

about 6 months ago
Scottish subsea link gets approval for capacity increase
Business & Finance

Scottish subsea link gets approval for capacity increase

The Scottish Government Marine Directorate has granted the variation to the existing marine license for the Western Isles high-voltage direct current (HVDC) subsea cable link, allowing the needed increase in capacity. The project is a key component of SSEN Transmission’s planned £22 billion investme

about 6 months ago
LNG tanker Lebrethah at sea
Business & Finance

Hanwha Ocean tasks GTT with tank design for seven LNG vessels

South Korea’s Hanwha Ocean shipyard has put France’s technological containment specialist Gaztransport & Technigaz (GTT) in charge of designing tanks for seven new liquefied natural gas carriers (LNGCs).

about 6 months ago
Nexans connects Sicily and Sardinia via 480-kilometer deepwater cable
Business & Finance

Nexans connects Sicily and Sardinia via 480-kilometer deepwater cable

Nexans has connected Italy’s Sardinia and Sicily via a 480-kilometer-long cable as part of the Tyrrhenian Link, described as one of the country’s most significant electrical infrastructures. The 970-kilometer, 1,000 MW interconnector encompasses two sections: the west part, connecting Sicily and Sar

about 6 months ago
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