Norwegian oil company Aker BP and construction firm Aibel on Thursday held the first steel cutting ceremony for the Munin platform in Thailand, being built for the Yggdrasil development offshore Norway.Thai monks blessed the steel in a formal ceremony…
BIO-UV Group said Thursday it had received a major order to supply its BIO-SEA ballast water treatment system to a pair of drillships scheduled to enter an undisclosed operator’s offshore drilling rig fleet.According to BIO-UV, a modular version from the BIO-SEA B-Series…
UK North Sea-focused oil company Ithaca Energy has completed the acquisition of the remaining 40% stake in the Fotla offshore discovery and three exploration licenses - P.213 Area C, P.345 Area A and P.2536 - from Spirit Energy. The acquisition…
The Biden administration on Wednesday said it is committed to supporting the nascent U.S. offshore wind industry despite challenges that prompted the cancellation this week of two major planned projects off the coast of New Jersey.The White…
Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel. According to a press release issued Thursday, the decision to press…
Canadian oil and gas firm Cenovus Energy's CVE.TO quarterly profit rose on Thursday, helped by strong demand for crude oil amid tight supplies and higher production.Supply cuts from OPEC+ countries led by Saudi Arabia and Russia kept the crude oil market tight…
Marine Technology Reporter (MTR) has been unveiled as the exclusive video media partner of the Oceanology International exhibition and conference and will be delivering extended broadcast coverage from the 2024 event (Oi24).The collaboration…
Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an integrated energy island solution enabling large-scale offshore wind, green hydrogen production, and 'other local anchored value-creating activities on Åland…
Italian steel pipe maker Tenaris late on Wednesday posted a 10% decline in third-quarter net profit due to a slowdown in North and South America and lower shipments to offshore projects and Argentina.The company's shares were up 7.9% by 0833 GMT…
Danish offshore vessel owner Maersk Supply Service has selected the Fleet Data IoT platform from Inmarsat Maritime, a Viasat business, to help optimize the performance of its first vessel battery installation onboard the Maersk Minder anchor handler…
The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit…
France's Technip Energies on Thursday reported a lower but still slightly better-than-expected third-quarter revenue, supported by project deliveries and growth in order backlog despite Russian-exit headwinds. The energy infrastructure firm posted adjusted revenue of 1…
Santos said on Thursday an Australian court had granted an interim injunction preventing it from starting work on laying undersea pipelines on its $3.6 billion Barossa gas project off northern Australia.The ruling comes after Simon Munkara, a traditional land owner from the Tiwi Islands…
Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading.The company announced share buybacks of $3.5 billion over the next three months…
Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023.The company has secured contracts for three drillships—the Noble Valiant…
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