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Business & Finance

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‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning
Business & Finance

‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning

A new subsea trencher destined for Danish power cable manufacturer and installation firm NKT, deemed the world’s most powerful, has arrived at the UK’s Port of Blyth to continue the fit-out and commissioning. NKT announced the investment in the NKT T3600 trencher in June 2025, as part of its ongoing

about 7 months ago
Borr Drilling
Business & Finance

25 rigs out of Borr Drilling’s 29-strong fleet either on hire or with jobs lined up

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Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed multiple new work assignments in Africa, Southeast Asia, and North America. As a result, 25 of our 29 rigs are either contracted or committed, with six in Southeast Asia, five in the Middle East and North Afric

about 7 months ago
CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India
Business & Finance

CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India

French shipping and logistics major CMA CGM Group has signed the final shipbuilding contract with India’s Cochin Shipyard Limited (CSL) for six LNG-powered containerships. The newbuilds, for which a letter of intent (LOI) was signed in October 2025, will have a capacity of 1,700 TEUs, will be able t

about 7 months ago
South African port confirmed as ‘suitable’ for wave energy project
Business & Finance

South African port confirmed as ‘suitable’ for wave energy project

Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, stating that it had shown encouraging results. Conducted in collaboration with Africa Great Future Development (AGFDL), the feasibility study assessed site conditions, wa

about 7 months ago
MISC Group
Business & Finance

MISC makes its first foray into Papua New Guinea with ExxonMobil’s FSO deals

MISC, Malaysia’s owner and operator of offshore floating and energy-related maritime solutions and services, has signed on the dotted line with ExxonMobil PNG (EMPNG), a subsidiary of the U.S.-based energy giant ExxonMobil, for a new floating storage and offloading (FSO) unit, which is destined to w

about 7 months ago
Østensjø Rederi’s hybrid tug to feature Finland-made propulsion
Business & Finance

Østensjø Rederi’s hybrid tug to feature Finland-made propulsion

Spain’s GONDAN Shipbuilders has placed an order with Finnish company Steerprop to deliver propulsion for a new hybrid tugboat, the first tug design from naval architect Skipsteknisk, destined for Norwegian shipowner Østensjø Rederi. Steerprop will supply dual-end versions of its SP 50 W D propulsors

about 7 months ago
COSL Prospector rig; Source: COSL
Business & Finance

Barents Sea prospect ends up being dry

Norwegian state-owned oil and gas giant Equinor has conducted drilling activities at a wildcat well in the Barents Sea off the coast of Norway with one of COSL Drilling Europe’s semi-submersible rigs. This well did not yield commercial quantities of hydrocarbons.

about 7 months ago
First of 7 transformers delivered for first UK-Germany energy link
Business & Finance

First of 7 transformers delivered for first UK-Germany energy link

Siemens Energy has delivered the first of seven transformers that will help to power NeuConnect, the first energy link between the UK and Germany. The transformer was taken from Siemens Energy’s factories in Nürnberg, Germany, and delivered by barge along the Rhine River to Rotterdam, the Netherland

about 7 months ago
Türkiye‘s national oil & gas company enters Bulgarian offshore license as partner to Shell
Business & Finance

Türkiye‘s national oil & gas company enters Bulgarian offshore license as partner to Shell

Türkiye‘s national oil & gas giant Türkiye Petrolleri A.O. (TPAO) has become a partner in an offshore exploration license in Bulgaria, located near Sakarya, Türkiye’s largest natural gas field. TPAO reported today, February 18, that it had, as a partner, joined the exploration license in the Khan Te

about 7 months ago
Five Chinese gas carrier and FSRU vessel projects receive Bureau Veritas’ blessing
Business & Finance

Five Chinese gas carrier and FSRU vessel projects receive Bureau Veritas’ blessing

Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AIP) certificates for five vessel projects developed by Chinese Hudong-Zhonghua Shipbuilding (Group), spanning LNG and ethane carriers, a floating storage regasification unit (FSRU), onboard carbon capture (OCC)-ready design an

about 7 months ago
Worley gets technical advisor role for New Zealand’s LNG import terminal
Business & Finance

Worley gets technical advisor role for New Zealand’s LNG import terminal

New Zealand’s Ministry of Business, Innovation and Employment (MBIE) has selected Australia’s engineering company Worley as client engineer and technical advisor for the development of the country’s liquefied natural gas (LNG) import terminal. Worley will support the ministry through the procurement

about 7 months ago
Equinor picks OneSubsea for subsea compression upgrade
Business & Finance

Equinor picks OneSubsea for subsea compression upgrade

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured an engineering, procurement and construction (EPC) contract from Norwegian state-owned energy firm Equinor to upgrade the subsea compression system for the Gullfaks field in the Norwegian North Sea. SLB said that OneSu

about 7 months ago
Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

Saipem to buy seventh-gen Deep Value Driller drillship for $272.5 million

Norwegian drillship-owning company Deep Value Driller has entered into an agreement with Italy’s engineering, drilling, and construction services giant Saipem for the sale of its seventh-generation drillship for a total purchase price of $272.5 million. In the announcement of the amended bareboat ch

about 7 months ago
TotalEnergies books Havila’s platform supply vessel
Business & Finance

TotalEnergies books Havila’s platform supply vessel

Norwegian offshore vessel operator Havila Shipping has signed a contract with TotalEnergies for the 2009-built platform supply vessel (PSV) Havila Herøy to be deployed in Norway. Under the contract signed with TotalEnergies EP Norge AS, the PSV Havila Herøy will perform operations for 136 days, with

about 7 months ago