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Business & Finance

Wärtsilä, Abu Dhabi Maritime Academy working together on maritime industry’s sustainability

Finnish technology group Wärtsilä and Abu Dhabi Maritime Academy (ADMA) have signed a memorandum of understanding (MoU) to collaborate on decarbonization targets, digitalization goals, smart port solutions and training to support the maritime industry’s transition to sustainable operations. “This co

about 7 months ago

VARD delivers newly converted seismic source vessel to Sanco Shipping

Business & Finance

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VARD delivers newly converted seismic source vessel to Sanco Shipping

Norway’s VARD has delivered the seismic source vessel Sanco Sailor to compatriot Sanco Shipping, following the completion of conversion from a seismic research vessel. Sanco Shipping purchased Sanco Sailor in July 2025, at the time named PGS Apollo, after which the 2010-built, 106.6-meter-long vesse

about 7 months ago

Business & Finance

Eni makes Côte d’Ivoire’s second-largest gas discovery

Italy’s energy giant Eni has made a gas and condensate discovery offshore Côte d’Ivoire, said to be the second largest in the country after Baleine, discovered in 2021. The discovery, named Calao South, was made within the major Calao channel complex, which also includes the Calao discovery, with th

about 7 months ago

Business & Finance

Five companies lined up for Scotland’s €1B subsea electricity network upgrade

Scottish and Southern Electricity Networks (SSEN) Distribution has selected five contract partners to help deliver future investment of up to £950 million (about €1.09 billion) in the Scottish subsea electricity network and support the multi-year framework to renew and upgrade subsea electricity lin

about 7 months ago

Business & Finance

Japan to get factory for marine hydrogen engines in 2029

Yanmar Power Solutions, a subsidiary of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, is planning to build a new factory for test runs of marine hydrogen engines. The company has acquired land at the Phoenix industrial site in Amagasaki City, Hyogo Prefecture, where it

about 7 months ago

Business & Finance

DOF starts preparing for 250+ day project in Argentina

Norwegian vessel owner DOF Group has begun preparations to kick-start an offshore project in Argentina, where it will deploy two vessels for an expected combined duration of over 250 days. DOF reported yesterday, February 16, that it had secured a substantial contract, defined as worth between $25 m

about 7 months ago

Man with a hardhat with words "Chevron" on it with an offshore rig in the background

Business & Finance

Chevron, Helleniq Energy win leases to explore four blocks offshore Greece

U.S.-headquartered Chevron, through its four Dutch subsidiaries, and Greece’s Helleniq Energy have signed lease agreements with the Greek government for the exploration of four blocks offshore Greece. The awarded consortium, in which Chevron holds a 70% operating interest and Helleniq Energy a 30% i

about 7 months ago

Business & Finance

NextGeo vessel en route to Middle East to support Saipem

Next Geosolutions’ recently purchased offshore subsea construction vessel (OSCV) is currently en route from Italy to the Middle East to commence operations for Saipem. Last month, Next Geosolutions (NextGeo) reported that it had acquired the OSCV Siem Day from Norway’s Siem Day II for a purchase pri

about 7 months ago

Business & Finance

Eco Wave Power enters deal for potential financing of global wave energy projects

Eco Wave Power has signed a letter of intent (LoI) with Wavefront Asset Management (WAM) under which the UK-based asset management firm is expected to provide structured equipment financing and leasing solutions to support the deployment of Eco Wave Power’s wave energy generation equipment across it

about 7 months ago

1990-built FPSO to keep working offshore Vietnam until end of 2027

Business & Finance

1990-built FPSO to keep working in Vietnam until end of 2027

A joint venture (JV) company of Malaysia’s MISC Group and Vietnamese PetroVietnam Technical Services Corporation (PTSC) has secured a contract that will keep a 1990-built floating production, storage, and offloading (FPSO) vessel working in Vietnam. The contract awarded to Vietnam Offshore Floating

about 7 months ago

Business & Finance

Equinor, Petoro and OMV get lucky in waters off Bergen

Equinor and its partners Petoro and OMV have made an oil & gas discovery some 190 kilometers northwest of Bergen, in Norway, marking the first exploration well drilled in the production license. Wildcat wells 33/12-N-3 HH and 33/12-N-3 GH were drilled in the Granat prospect near Gullfaks, in connect

about 7 months ago

Business & Finance

Aker Solutions lands major five-year contract for key Aker BP assets off Norway

Aker Solutions has secured a five-year contract with Aker BP for maintenance, modification and operation services (MMO) across all of its key assets on the Norwegian Continental Shelf (NCS). The work will be executed within the next-generation MMO alliance covering Valhall, Fenris, Ula, EIGA (Edvard

about 7 months ago

Jumbo Offshore completes mooring line ops for FPSO Errea Wittu; Source: Jumbo Offshore

Business & Finance

ExxonMobil’s fifth Guyanese project closing in on first oil: FPSO pre-lay mooring done

Jumbo Offshore, a Dutch transportation and installation player, has wrapped up mooring pre-installation activities for a floating production, storage, and offloading (FPSO) unit destined to work on an oil project off the coast of Guyana, which is operated by ExxonMobil Guyana, a subsidiary of the U.

about 7 months ago

Business & Finance

China-built methanol dual-fuel container vessel ready for charter with Maersk

Japan’s Tsuneishi Shipbuilding has delivered a methanol dual-fuelled container vessel at its shipyard in China that will go on a charter with Denmark-based container shipping giant A.P. Moller – Maersk. The methanol dual-fuelled 5,900 TEU type container carrier was delivered by Tsuneishi Group (Zhou

about 7 months ago