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Wood wins funding for oil & gas robotics project
Business & Finance

Wood collects funding for autonomous robotics project

Wood has secured nearly $3 million in funding for an oil and gas robotics project, which is expected to create new job opportunities.

about 4 years ago
NYK
Business & Finance

NYK takes stake in tanker firm Uyeno Transtech

Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) has agreed to acquire a 10% stake in Uyeno Transtech, a domestic tanker operating company that is part of the Uyeno Group.

about 4 years ago
The Bay du Nord FPSO development concept - Equinor
Business & Finance

Two players in design battle for Equinor’s stalled project while EIS gets unfavourable review

Equinor has selected two engineering players to carry out conceptual studies for an FPSO vessel while the review of the project’s EIS deemed it an unreliable source of information for decision-making processes.

about 4 years ago
Woodside
Business & Finance

Continuing in Myanmar no longer ‘viable option’ for Woodside

Following an exit by TotalEnergies and Chevron, Woodside has also decided to follow suit and abandon Myanmar operations.

about 4 years ago
Pipeshield gets patent for high payload multi-lift concrete mattresses solution
Business & Finance

Pipeshield awarded patent for multi-lift concrete mattresses solution

Pipeshield International, a Tekmar Group company, has been granted a patent for its SUPER-MAT high payload multi-lift concrete mattresses solution. Designed as a lifting device when used with Pipeshield’s heavy-duty quick-release frames, the SUPER-MAT enables the handling of mattresses in stacks, pr

about 4 years ago
Panoro closing Nigerian chapter following govt’s nod
Business & Finance

Panoro closing Nigerian chapter following long-awaited govt’s nod

Panoro Energy has received approvals from the Nigerian government for the sale of all its interest in in OML 113 off Nigeria to PetroNor.

about 4 years ago
Over 500 CRP Subsea innovative buoyancy modules hit the Gulf of Mexico water
Business & Finance

Over 500 CRP Subsea innovative buoyancy modules hit the Gulf of Mexico water

CRP Subsea has delivered more than 500 innovative buckle mitigation rotating buoyancy modules (RBMs) to protect Gulf of Mexico flowlines. The RBMs, produced at CRP Subsea’s manufacturing facility in Skelmersdale, England, will protect the pipeline by allowing it to roll on the seabed reducing latera

about 4 years ago
Meet VindØ - The world's first energy island
Business & Finance

COWI puts its foot down on new fossil fuel projects, welcomes offshore wind and green hydrogen

The Denmark-headquartered engineering company COWI will turn down all fossil fuel projects from now on as it aims to transform its business and reach 100 per cent revenue within sustainability-related projects in three to five years’ time. In a press release issued on 25 January, the CEO of COWI Gro

about 4 years ago
Martin Linge field - Equinor
Business & Finance

Equinor now officially opening challenging Martin Linge field

Equinor is now officially opening its operated Martin Linge field, located in the North Sea, following the production start-up last year.

about 4 years ago
Illustration (Courtesy of Noria Energy)
Business & Finance

Greenbacker Capital enters floating solar market

Sustainable infrastructure investor Greenbacker Capital has made an equity investment in California-based solar developer Noria Energy, marking its entry into floating solar market.

about 4 years ago
Golar LNG; CoolCo launches $250m private placement
Business & Finance

CoolCo launches $250m private placement

Bermuda-based LNG shipper Golar provides a further update on its newly-formed company CoolCo which will acquire its eight tri-fuel diesel-electric LNG carriers.

about 4 years ago
Wellesley strikes out in North Sea well failing to find traces of petroleum
Business & Finance

Wellesley strikes out in North Sea well

Wellesley has concluded the drilling of a wildcat well north of the Gjøa field in the northern North Sea, but the well turned out to be dry.

about 4 years ago
Suez Canal
Business & Finance

Greek port and Suez Canal seal business deal

Greek Port of Thessaloniki (ThPA) and the Suez Canal Economic Zone (SCZone) have signed a cooperation agreement to develop international trade and increase business activities on the sea route between Europe and Asia.

about 4 years ago
James Fisher Decommissioning rolls out
Business & Finance

James Fisher Decommissioning rolls out

James Fisher has launched James Fisher Decommissioning (JF Decom), its new business line which will support the decommissioning needs of customers in the renewables and oil and gas markets. All current decommissioning capabilities offered by James Fisher Offshore will transfer into JF Decom to provi

about 4 years ago
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