SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.The project financing is provided by a consortium of 12 international banks with insurance cover from three international export credit agencies…
The Norwegian government on Tuesday proposed opening its waters to deep-sea mining despite opposition from green campaigners and some countries, as it seeks to shift from a reliance on hydrocarbons to new sources of economic activity.Norway…
Havila Shipping announced it has secured contract extensions for two of its platform supply vessels (PSV).The Norwegian offshore support vessel owner said on Tuesday it has entered into an agreement with Equinor Energy AS for the PSV Havila…
The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds…
ABS is providing new technology qualification services for subsea ammonia storage technology from NOV Subsea Production Systems.The 200-cubic-meter prototype subsea storage unit is en route to NOV’s testing facility in Norway where large-scale…
ABB has introduced a new Operational Planner module for its ABB Ability OCTOPUS – Marine Advisory System to help offshore fleet managers plan and optimize the maintenance of offshore wind farm operations.For support vessels moving between turbines or rigs during a single shift…
Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. First oil is targeted for 2028.Woodside is operator with a 60% participating interest and PEMEX holds the remaining 40%.The forecast total capital expenditure is US$7…
China’s first smart FPSO Hai Yang Shi You 123 has been delivered to CNOOC in Nantong, Jiangsu.Hai Yang Shi You 123 is the first FPSO in China that integrates digital technologies including cloud computing, big data, internet of things, artificial intelligence and edge computing…
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases.The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil…
Subsea7 has confirmed that its offer, dated June 15, for the entire share capital of DOF Group expires at the end of Monday, June 19. The expiration follows the rejection of the offer by the DOF board on June 16.DOF concluded that NOK 35 per…
TechnipFMC has signed a 20-year framework agreement with Chevron Australia under which TechnipFMC may provide Subsea 2.0 configure-to-order subsea production systems for gas field developments off Australia’s northwest coast.The agreement covers the supply of wellheads…
France-based LD Tide has ordered a new crew transfer vessel (CTV) from Singaporean aluminum boat builder Strategic Marine.The newbuild will by a hybrid-ready StratCat 27 (SC27) designed by BMT.LD Tide, joint venture between top French shipping…
Offshore wind turbine and foundation installation companies Cadeler and Eneti announced they have agreed to merge through a stock-for-stock exchange.The combined company will be named Cadeler, headquartered in Copenhagen, Denmark, with its shares…
Massachusetts Maritime Academy (MMA) said it has started offering its Global Wind Organization Basic Technical Training (GWO BTT) course to community members, opening the door to those on Martha’s Vineyard interested in a potential career in the offshore wind industry…
Australian oil and gas company Pilot Energy and Norway's Knutsen NYK Carbon Carriers (KNCC) have entered into a memorandum of understanding to collaborate on offering an integrated solution for marine transportation and offshore injection of CO2 at the Cliff Head CCS Project…