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ZTT's new factory delivers first subsea cable
Business & Finance

ZTT’s new factory delivers first subsea cable

China’s ZTT Submarine Cable & System has delivered the first medium-voltage cable from its new subsea cable factory in Shanwei, Guangdong Province. The medium-voltage production lines at the new factory were calibrated and put into commercial operation on 9 September 2021. The first local medium vol

about 4 years ago
ETAP facility in the North Sea - BP
Business & Finance

BP makes headway with plans to develop North Sea oil field

Oil and gas major BP is moving ahead with plans for the development of the Murlach field in the UK North Sea.

about 4 years ago
TotalEnergies picks TechnipFMC subsea production systems off Angola
Business & Finance

TotalEnergies picks TechnipFMC subsea production systems off Angola

TechnipFMC has signed a frame agreement with TotalEnergies for the delivery of subsea production systems offshore Angola. Under the agreement, TechnipFMC is set to deliver its Subsea 2.0 production systems for brownfield developments in Block 17 in Angola. “Subsea 2.0 products use standardized compo

about 4 years ago
Brand-new deal supports UAE player’s tightening market expectations
Business & Finance

Brand-new deal supports UAE player’s expectations of tightening market

Gulf Marine Services (GMS) has won a new long-term deal for one of its small-size class vessels with a higher day rate.

about 4 years ago
Jera wraps up Barossa stake acquisition from Santos and joins Darwin LNG
Business & Finance

Jera wraps up Barossa stake acquisition from Santos and joins Darwin LNG

JERA has completed acquisition of a 12.5 per cent stake in the Barossa gas field from Santos, joining the Darwin LNG project in Australia.

about 4 years ago
CalWave's x1 wave energy device ahead of deployment (Courtesy of CalWave)
Business & Finance

CalWave finds local partner to deliver wave energy projects in Alaska

California-based wave energy developer CalWave Power Technologies has signed a memorandum of understanding (MoU) with Launch Alaska, establishing a formal partnership to advance planning of wave energy projects in the state of Alaska.

about 4 years ago
AET brings in second dual-fuel vessel built for TotalEnergies
Business & Finance

Asian operator brings in second dual-fuel vessel built for TotalEnergies

AET has taken delivery of the second dual-fuel VLCC, which was purpose-built for a long-term charter with TotalEnergies.

about 4 years ago
Havila offloads two vessels in fleet reshuffle
Business & Finance

In pursuit of restructuring goals, Havila sees the back of two vessels

Havila Shipping has sold two of its platform supply vessels to an undisclosed buyer in a bid to pursue its restructuring strategy.

about 4 years ago
As CEO steps down, Chinese player takes advantage to promote three to senior management
Business & Finance

As CEO steps down, Chinese player promotes from within to fill the gap

CNOOC has revealed several changes to its board of directors and senior management team after its CEO decided to resign from the role.

about 4 years ago
UK - North Sea
Business & Finance

New North Sea projects targeting 1.3 billion barrels of oil and gas

The annual performance review for the UK’s top producers highlighted 33 new projects targeting 1.3 billion barrels of oil and gas.

about 4 years ago
ExxonMobil
Business & Finance

Earnings double for ExxonMobil despite Russia exit

ExxonMobil doubled its quarterly earnings and booked a significant increase in revenues when compared to the last year’s quarter.

about 4 years ago
Race Bank
Business & Finance

Ørsted expects much lower hit from cable protection system issues than anticipated

Ørsted now expects costs to reinstate the integrity of inter-array cables affected by cable protection issues at some of the company’s offshore wind farms to amount to up to DKK 1.3 billion (around EUR 175 million) and not up to DKK 3 billion as initially anticipated. As reported, Ørsted discovered

about 4 years ago
Dublin firm hands in application for new UK interconnector
Business & Finance

Dublin firm hands in application for new cross-border interconnector

A Dublin-headquartered company has made an application to Ofgem for a licence that would allow it to participate in the operation of a new subsea and underground electricity interconnector.

about 4 years ago
Yetagun platform off Myanmar
Business & Finance

Malaysian operator and Thai partner pull out of Myanmar’s Yetagun field

Malaysian Petronas and Thailand’s PTTEP have both decided to withdraw from the Yetagun field located offshore Myanmar.

about 4 years ago
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