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OSX-2 FPSO
Business & Finance

Enauta closes purchase of existing FPSO, making room for first oil in 2024

Enauta has concluded the purchase of an FPSO for the Definitive System of its operated Atlanta field located off Brazil.

about 4 years ago
Malta-Research-assessing-CO2-role-in-development-of-offshore-energy-storage
Business & Finance

University of Malta studying role of CO2 in offshore energy storage development

Researchers at the University of Malta have kicked off research to assess how the significant amounts of CO2 available from carbon capture and storage (CCS) facilities may support offshore energy storage systems co-located within the same footprint of wind farms. The Investigating the thermal perfor

about 4 years ago
ConocoPhillips secures approval to deploy Prosafe semi-sub at Norway's first producing field
Business & Finance

ConocoPhillips set to deploy Prosafe unit at Norway’s first producing field

ConocoPhillips has received consent from a regulator to use one of Prosafe’s semi-submersible units at Norway’s first producing field.

about 4 years ago
Eastern Pacific
Business & Finance

Eastern Pacific invests in 9 more next-gen startups

Singapore-based shipping company Eastern Pacific Shipping (EPS) has invested in nine more startups in an effort to encourage change in the maritime industry by using a green and technology-driven approach.

about 4 years ago
OMV gets thumbs-up for Norwegian Sea pilot hole drilling
Business & Finance

OMV gets thumbs-up for Norwegian Sea ops

OMV has received consent from Norway’s offshore safety regulator for exploration drilling of a pilot hole in the Norwegian Sea.

about 4 years ago
Valaris DS-10 drillship was used to drill for Shell off Namibia
Business & Finance

Here’s what the industry says about Shell’s oil discovery in Namibia

Here’s what the industry says about Shell’s oil discovery in Namibia

about 4 years ago
HyNet - Eni
Business & Finance

Eni: UK industry shows outstanding interest in CO2 capture & storage project

Eni has signed 19 Memoranda of Understanding for carbon, capture & storage within the HyNet North West project in the UK.

about 4 years ago
U-Ming
Business & Finance

U-Ming: Sustainability-linked loan to support fleet renewal

Singapore-based Oversea-Chinese Banking Corporation (OCBC Bank) has extended a $70 million sustainability-linked loan with U-Ming Marine Transport Corporation, one of Taiwan’s largest listed bulk carrier companies.

about 4 years ago
BW Offshore chucks out laid-up Brazilian FPSO dispatching it to scrap yard
Business & Finance

BW Offshore dispatches laid-up Brazilian FPSO to scrap yard

BW Offshore has inked a deal to recycle one of its FPSOs at a yard in India, as part of its strategy to optimise its current asset portfolio.

about 4 years ago
Deep Down gets $1.7 million equipment order for Gulf of Mexico
Business & Finance

Deep Down gets $1.7 million order for Gulf of Mexico

U.S.-headquartered subsea equipment specialist Deep Down has received an order to deliver installation equipment and services in the Gulf of Mexico to an undisclosed client. The order is valued at more than $1.7 million and all activities are scheduled to be completed by the end of this year. Part o

about 4 years ago
King’s Quay platform
Business & Finance

Offshore inspection of Murphy’s giant new platform ahead of first oil

U.S. offshore safety and environmental enforcement agency has conducted an inspection of Murphy Oil’s King’s Quay platform.

about 4 years ago
Petrojarl I FPSO
Business & Finance

Enauta hires rig for Brazilian field ops

Brazilian oil and gas company Enauta has signed a drilling rig contract for operations on its Atlanta field located offshore Brazil.

about 4 years ago
2021 best-every financial year for Reach Subsea
Business & Finance

2021 best-ever financial year for Reach Subsea

Norway’s Reach Subsea has reported 2021 as the best financial year in company history. This is said to be driven by high vessel utilization and project execution, as well as the purchase of OCTIO. In its latest financial report, Reach Subsea stated it also had its best-ever fourth quarter which saw

about 4 years ago
Keppel
Business & Finance

Keppel O&M lands fresh batch of contracts

Keppel Offshore & Marine has secured new contracts from repeat customers with a total value estimated at about $186 million.

about 4 years ago
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