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Business & Finance

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Seatrium yard; Source: Seatrium
Business & Finance

Karpowership’s affiliate dishes out millions to take over Seatrium’s US shipyard

With the completion of a multimillion-dollar sale deal, Seatrium has handed over a shipyard in Texas to Karpower Valley, a related party of Türkiye’s floating power plant company Karpowership, to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities.

about 7 months ago
South Korean 640 kV HVDC cable test center ready for business
Business & Finance

South Korean 640 kV HVDC cable test center ready for business

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South Korean Taihan Cable & Solution has finalized the construction of a dedicated cable test center that enables simultaneous testing of two 640 kV-class HVDC cable circuits. The test center spans approximately 7,000 square meters and is located at the company’s Dangjin Cable Plant, enabling close

about 7 months ago
A jackup rig being transported on a vessel
Business & Finance

Drilling done: MOPU and FSO hook-up in motion at African oil field

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is approaching the finish line for the activities related to the hook-up of a mobile offshore production unit (MOPU) and a floating storage and offloading (F

about 7 months ago
Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’
Business & Finance

Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’

Italian cabling giant Prysmian has been confirmed as the supplier of the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland and England. Prysmian has won a £2 billion (over €2.3 billion) contract with SP Energy Networks and Na

about 7 months ago
Eagle Explorer
Business & Finance

Cyprus-flagged vessel stays in Western Hemisphere for another three months

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract extension for its vessel Eagle Explorer in the Western Hemisphere. The company reported the new contract for Eagle Explorer in the Western Hemisphere in September 2025, with a firm dura

about 7 months ago
Noble Discoverer rig; Source: Noble
Business & Finance

Exclusive interview with Noble: Tight rig demand on 2026 horizon – Golden Triangle and US Gulf as core growth regions

With contracting opportunities still on the uptick in spite of potential softer energy prices, Noble Corporation, a U.S.-headquartered offshore drilling giant, has pinpointed the Golden Triangle, the U.S. Gulf, South America, and West Africa as the key regions that will drive its floater demand grow

about 7 months ago
Japanese hydrogen 4-stroke high-speed engine receives double ClassNK approval
Business & Finance

Japanese hydrogen 4-stroke high-speed engine receives double ClassNK approval

Yanmar Power Solutions, a subsidiary of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, has obtained ship classification certification for its hydrogen-fueled four-stroke high-speed engine. Yanmar Power Solutions reported on January 27 that it had become the first engine

about 7 months ago
FSU design for Karakal LNG import facility (for illustration purposes); Source: AG&P
Business & Finance

Asian duo shakes hands on setting up modular EPC and fabrication manufacturing shop in India

AG&P Industrial, a subsidiary of Singapore’s AG&P Group, has joined forces with Pragati Infra Solutions (PISL), an engineering, procurement, and construction (EPC) and infrastructure development company, to establish India’s first advanced modular EPC and fabrication manufacturing facility in Andhra

about 7 months ago
Maritime industry gets its first guidance notes for onboard hydrogen generation
Business & Finance

Maritime industry gets its first guidance notes for onboard hydrogen generation

Lloyd’s Register (LR) has published what it says is the maritime industry’s first dedicated guidance notes for onboard hydrogen generation, as a response to growing interest from shipowners, yards and technology developers in producing hydrogen onboard using alternative fuels such as LNG, methanol a

about 7 months ago
Bristow has been awarded a new long-term contract for two S-92 passenger transport helicopters and one S-92 search and rescue (SAR) helicopter based in Hammerfest; Source: Bristow Norway
Business & Finance

Norwegian oil & gas duo hands out multimillion-dollar helicopter gig to Bristow

Offshore aviation services provider Bristow Group has landed a multi-year assignment with Norway’s state-owned energy giant Equinor and its compatriot Vår Energi for helicopter transportation and search and rescue (SAR) services in support of operations on the Norwegian Continental Shelf (NCS).

about 7 months ago
TGS signs deal in Libya for multi-client data activities
Business & Finance

TGS signs deal in Libya for multi-client data activities

Norwegian energy data and intelligence company TGS has signed a letter of intent (LoI) with a subsidiary of Libya’s National Oil Corporation (NOC) for the expansion of multi-client data activities in Libya. The deal, signed with North Africa Geophysical Company (NAGECO), is said to establish a frame

about 7 months ago
Edvard Grieg platform; Source: Aker BP
Business & Finance

First oil gushes out of subsea tie-back project in North Sea

Norwegian oil and gas player Aker BP has brought online a subsea development tied back to an existing platform in the North Sea off the coast of Norway.

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

McDermott at the helm of major decom job for 27 offshore platforms

U.S. offshore engineering and construction player McDermott has been tasked with a strategic role in offshore asset retirement, which is being undertaken by Qatar’s state-owned oil and gas giant QatarEnergy. This is described as the Persian Gulf state’s first major offshore decommissioning project.

about 7 months ago
Seadrill
Business & Finance

Seadrill’s 2014-built drillship staying one more year in Brazil

Seadrill, an offshore drilling contractor, has secured more time with Equinor Brasil Energia, a subsidiary of Norway’s state-owned energy giant Equinor, for a drillship working off the coast of Brazil.

about 7 months ago