Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.The deal would be pursued to help its on-road load handling business…
President-elect Donald Trump said on Thursday that North Dakota Governor Doug Burgum, a wealthy former software company executive, will be his pick for interior secretary.'He's going to head the Department of Interior, and it's going to be fantastic…
Seatrium and the Institute of Technical Education (ITE) in Singapore have inaugurated a Digital Learning Lab.The ITE-Seatrium Digital Learning Lab is designed to be a leading educational and innovation hub for the marine and offshore energy industry…
GE Vernova’s offshore wind turbine manufacturing plant has fired or suspended several workers in Quebec after a company investigation found they took shortcuts on quality control, sources familiar with the matter told Reuters.GE Vernova launched the probe at the factory in Gaspe…
Offshore drilling contractor Noble Corporation has selected ABS Wavesight’s eLogs electronic logbooks for digital recordkeeping across its entire fleet of offshore assets.ABS Wavesight eLogs offers a comprehensive and streamlined approach to recordkeeping for both the maritime and offshore industry…
Ocean energy company Global OTEC unveiled the OTEC Power Module concept, a system that employs ocean thermal energy conversion (OTEC) technology to provide clean power for remote offshore platforms and wells.Designed as an alternative to traditional long subsea tiebacks…
Bourbon Logistics has secured a new fully integrated logistics contract by an unnamed oil and gas major to support its exploration campaign and the drilling of its first well in the waters of southern Namibia.The campaign, estimated to last about six months…
INEOS and Royal Wagenborg have signed an agreement for the delivery of a CO2 carrier dedicated to Project Greensand, led by INEOS with its partners Harbour Energy and Nordsøfonden.Project Greensand has already marked a world-first achievement by demonstrating the safe…
Norwegian offshore vessel operator DOF Group has won a contract for IMR vessel and associated subsea services in the Asia Pacific region.The contract will utilize one of DOF’s project vessels in the region and includes project management, engineering…
Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market.The two companies…
The operator of the Danish Underground Consortium, TotalEnergies, has informed its partners that all necessary machinery is now fully operational at the new Tyra facilities.This milestone marks the achievement of full technical capacity, which…
More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday.There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday…
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.Their confidence is buoyed by Trump's…
Norwegian company Akastor has signed an agreement for the transfer of all of Mitsui’s interests in AKOFS Offshore, a provider of vessel-based subsea well construction and intervention services, for $22.5 million.The agreement is entered into…
Singapore-based shipbuilder Strategic Marine has secured an order for a next-generation crew transfer vessel (CTV) from OEG Renewables, part of the OEG Energy Group, destined to operate in Taiwan.The vessel, named Wey Feng, will be the fourth…
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