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Oscilla Power targets India-specific Triton device with latest hire
Business & Finance

Oscilla Power targets India-specific Triton design with latest hire

The U.S.-headquartered Oscilla Power has made the first technical hire for its subsidiary in India to support the development of the Triton wave energy device. The Seattle-based company appointed VVS Sricharan as its newest hydrodynamicst, who has been tasked to develop an India-specific concept des

about 4 years ago
KUFPEC
Business & Finance

KUFPEC makes its first operated offshore discovery

KUFPEC has revealed its first operated offshore gas discovery, following a successful drilling campaign in the Anambas Block, off Indonesia.

about 4 years ago
Ashtead Technology
Business & Finance

Ashtead reinforces rental fleet with Innova multiplexers

As part of its rental fleet reinforcement, subsea technology specialist Ashtead Technology has invested in stand-alone fibre optic multiplexer and control solutions from Innova.

about 4 years ago
Shell CEO, Ben van Beurden
Business & Finance

Shell ditches Royal Dutch from its name

Shell has officially changed its name to Shell plc, after deciding to simplify its share structure and remove the Royal designation.

about 4 years ago
Vår Energi to launch milestone IPO process
Business & Finance

Vår Energi launching Oslo IPO to maximise growth

Vår Energi is launching a process for an IPO and listing of shares on Oslo Børs in a bid to optimise value creation, seeking future growth.

about 4 years ago
BW Offshore
Business & Finance

BW Offshore gets rid of FPSO to transition to floating energy investments

BW Offshore has decided to sell one of its FPSO vessels as part of its strategy to transition to floating energy infrastructure investments.

about 4 years ago
Port of Corpus Christi ends 2021 with record LNG tonnage
Business & Finance

Port of Corpus Christi ends 2021 with record LNG tonnage

The U.S. energy export gateway Port of Corpus Christi says it finished 2021 with record tonnage, mainly attributable to an 81.2 per cent increase from 2020 in shipments of LNG.

about 4 years ago
DeepOcean places major ROV camera order
Business & Finance

DeepOcean places major ROV camera order

DeepOcean has placed an order with Norway’s Imenco for 96 underwater cameras for its entire fleet of remotely operated vehicles (ROVs). The contract, which is Imenco’s largest single contract to date in the underwater camera market, will see DeepOcean mount all the cameras on its ROVs over the next

about 4 years ago
Dynagas LNG declares cash distribution on preferred units
Business & Finance

Dynagas LNG declares cash distribution on preferred units

Dynagas LNG Partners, a partnership formed by Greek shipping company Dynagas, has declared a cash distribution of $0.5625 per unit on its Series A Preferred Units.

about 4 years ago
Top Ships
Business & Finance

Top Ships welcomes Julius Caesar VLCC, offloads 2 MRs

Greek ship owner and operator Top Ships has taken delivery of Julius Caesar, a scrubber-fitted 300,000 dwt very large crude carrier (VLCC), and reached several deals to finance its newbuilding program.

about 4 years ago
Valaris JU-107 on location at Buffalo-10 - Carnarvon
Business & Finance

Disappointing results for Carnarvon in Buffalo well

Carnarvon Energy is disappointed following results from its Buffalo-1- well drilled offshore Timor-Leste, which will now be abandoned.

about 4 years ago
Harvey Gulf upgrading its fleet with ‘groundbreaking’ solution to reduce emissions and enable net-zero ops
Business & Finance

Harvey Gulf upgrading fleet with ‘groundbreaking’ solution to cut emissions

Harvey Gulf has inked a deal with SailPlan to optimise its fleet with the latter’s emission optimisation platform to reduce emissions.

about 4 years ago
Lundin Energy
Business & Finance

Two North Sea fields drive Lundin’s reserves increase

Oil and gas company Lundin Energy has disclosed an increase in its 2P and 3P reserves, owing to two North Sea fields.

about 4 years ago
U.S. offshore rig count reaches a standstill
Business & Finance

U.S. offshore rig count reaches a standstill

After slow and consistent growth for two weeks in a row, the number of offshore rigs in the U.S. remained flat at 18 last week.

about 4 years ago
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