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Business & Finance

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Business Developments & ProjectsOutlook & StrategyProject & TendersAuthorities & GovernmentExploration & ProductionEnvironmentTransitionVesselsVisionCollaborationOperations & MaintenanceInnovation
Four offshore EPCI projects strengthen Lamprell’s foothold in Saudi Arabia
Business & Finance

Four offshore EPCI projects strengthen Lamprell’s foothold in Saudi Arabia

Offshore fabrication contractor Lamprell has expanded its operations in the Kingdom of Saudi Arabia with four offshore engineering, procurement, construction and installation (EPCI) contracts secured earlier this year. Lamprell’s combined scope across the four projects includes the installation of n

about 7 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Fresh oil and gas/condensate find comes to light offshore Norway

Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway.

about 7 months ago
CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard
Business & Finance

CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard

Classification society Bureau Veritas Marine & Offshore (BV) has classed its first methanol dual-fueled container ship, a newbuild destined for French shipping and logistics giant CMA CGM Group. The 15,000 TEU methanol dual-fuel vessel, named CMA CGM ANTIGONE, was built by China’s CSSC Jiangnan Ship

about 7 months ago
PPF; Source: ConocoPhillips
Business & Finance

Poland’s Orlen strengthens its Norwegian oil & gas portfolio with acquisition wrap-up

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway.

about 7 months ago
DOF lands work in the Atlantic, secures multi-year North America contract with Shell
Business & Finance

DOF lands work in the Atlantic, secures multi-year North America contract with Shell

Norwegian vessel owner DOF Group has secured several new contracts in the Atlantic region, as well as a multi-year contract in the North America region for Shell. The contracts in the Atlantic region have a combined value of over $60 million, excluding optional work, and will be executed primarily u

about 7 months ago
Scarabeo 8; Source: Saipem
Business & Finance

Oil & gas operator keeping Saipem’s 2012-built rig busy into 2028

Italy’s engineering, drilling, and construction services giant Saipem has landed a third contract extension for its 13-year-old semi-submersible drilling rig with Aker BP, a Norwegian oil and gas player, for operations off the coast of Norway.

about 7 months ago
Damen lays keel for Herman Senior’s MPV 4916 Smokey; Source: Damen
Business & Finance

Damen starts construction of new multi-purpose vessel for Herman Senior

Damen Shipyards Group, a Dutch shipbuilding giant, has held a keel-laying ceremony for Herman Senior’s new multi-purpose vessel (MPV) at the Albwardy Damen shipyard in Sharjah, United Arab Emirates (UAE).

about 7 months ago
Subsea7 and Equinor extend IMR deal for 2013-built vessel
Business & Finance

Subsea7 and Equinor extend IMR deal for 2013-built vessel

Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering subsea inspection, maintenance and repair services (IMR) delivered by a 2013-built subsea vessel. Under the terms of the extension of an agreement first signed in 2018, Seven Viking will carry out IMR services

about 7 months ago
SFL Albany; Source: Port of Corpus Christi
Business & Finance

SFL sheds Suezmax tanker duo and pulls the plug on charters for two other vessels

Bermuda-based shipowner and charterer SFL Corporation has decided to divest two ten-year-old Suezmax tankers and end charters for two more such vessels.

about 7 months ago
Illustration; Source: Ocean Yield
Business & Finance

Ocean Yield and NYK Line pool resources on LNG vessel quartet with four more on the cards

Building on their previous ties, Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line) have teamed up to split ownership in four liquefied natural gas (LNG) carriers that are yet to be constructed. However, available charter options could double the newb

about 7 months ago
Illustration; Source: Archer
Business & Finance

Archer staying on North Sea platform drilling and maintenance duty for three more years

Norway’s oil and gas player Aker BP has prolonged an assignment Oslo Stock Exchange-listed oil services company Archer is carrying out in the Norwegian sector of the North Sea.

about 7 months ago
Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild
Business & Finance

Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of the ninth vessel out of twelve plug-in hybrid coasters it has on order with shipbuilder Chowgule & Company. The vessel, which belongs to the Green Coaster series, has been named Fleximar and wa

about 7 months ago
JERA
Business & Finance

Another multi-year LNG offtake deal in JERA’s hands

Japan’s power generation major JERA has won a long-term liquefied natural gas (LNG) supply agreement with Hokkaido Gas, said to be a key regional energy provider.

about 7 months ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling firms up 11-year-old rig’s multi-year gig in Norwegian waters

Odfjell Drilling, a 52-year-old offshore drilling player, has turned a letter of intent (LoI) into a new contract for its 2014-built semi-submersible rig, which will now be booked for work until the first quarter of 2029.

about 7 months ago
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