Strategic Marine, in collaboration with Centus Marine, has unveiled Malaysia’s first hybrid Fast Crew Boat (FCB).The vessel is equipped with the latest hybrid technology and gyro-stabilization, marking a significant advancement in the region’s maritime industry…
French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do Brasil, a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry.The acquisition price is $17…
Following the capacity reservation agreement signed in November 2023, French cable maker Nexans has signed an agreement with SSEN Transmission to produce and install the cable that will connect Orkney Isles with the U.K. mainland.The contract…
BP and Apollo have entered into an agreement for Apollo-managed funds to purchase a non-controlling stake in BP Pipelines TAP Limited, BP’s subsidiary that holds a 20% share in Trans Adriatic Pipeline (TAP), in a transaction valued at approximately $1 billion…
High-technology offshore wind companies Rovco and Vaarst have entered into merger, creating a new brand Beam to boost their offshore wind services.In uniting their capabilities across research, development, and deployment, Beam will provide…
Italian offshore energy services firm Saipem has secured contract extension with Aker BP for its Scarabeo 8 semi-submersible drilling rig, in operation offshore Norway.The contract for Saipem’s Scarabeo 8 for has been extended until the end of 2026…
UAE-based offshore drilling firm Shelf Drilling (SHLF) has initiated a business consolidation plan via triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS), as the surviving entity in the proposed merger…
Italian offshore energy services firm Saipem has secured $4 billion engineering, procurement, and construction (EPC) contract from QatarEnergy LNG for work at a project aimed at sustaining the production of the North Field natural gas reservoir offshore Qatar…
The European Investment Bank (EIB) and the Irish Department of Transport have established an advisory cooperation to assess capacity, demand and financing strategies for the development of offshore renewable energy port infrastructure, which…
U.S. Gulf of Mexico oil producers on Thursday were conducting safety checks and preparing to restart some output after Hurricane Francine disrupted operations, while a Louisiana oil refinery ramped up production and export ports reopened.Francine…
Offshore drilling contractor Northern Ocean has appointed Eirik Sunde as the new Chief Commercial Officer.Effective as of December 1, 2024, Sunde will join Northern Ocean from Transocean, where he has served as Senior Marketing Manager, overseeing commercial processes for the Norwegian sector…
More than half of specialized foundation components for the 924 MW Sunrise Wind project have already been built, as the construction for the New York’s largest offshore wind farm continues at Port of Coeymans Assembly Hub.The developer of the project…
SLB has signed a memorandum of understanding (MOU) through its OneSubsea joint venture with C-Power aimed at exploring the use wave energy as a lower-cost, lower-carbon power source for subsea energy applications.Subsea Integration Alliance partners SLB OneSubsea and Subsea7 will together with U…
Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has secured operating license for a floating, production storage, and offloading (FPSO) unit Atlanta, ahead of production of first oil through the new platform from the Atlanta field offshore Brazil…
Power equipment maker GE Vernova expects its wind segment to post a core loss of $300 million in the third quarter due to additional costs related to offshore blade failures, the company said on Thursday.The projected core loss in GE Vernova's…