SBM ƶijϻ has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years.The transaction is expected to be completed before the end of April 2025…
Canadian marine technology company Kraken Robotics is launching a synthetic aperture sonar (SAS) service for the global offshore energy market.Kraken’s commercial services team will have dedicated KATFISH towed SAS systems available for rental starting July 2025…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract for one of its large-class vessels in the Gulf Cooperation Council (GCC) region.The new contract spans a total of 142 days…
Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry.The Tidal Action is built on Hanwha Ocean’s proprietary design and is…
We4Ce, a Dutch rotor blade designer, has designed 10 rotor blade sets for Dutch wind turbine startup TouchWind for testing on its floating TW6 turbine, a self-tilting, one-piece rotor design that breaks from conventional three-blade models.Engineered to withstand wind speeds of up to 250 km/h…
Macquarie has cancelled the sale of one of the world's largest offshore wind power developers, due to lack of interest, two people with knowledge of the process said, amid opposition against the renewable energy source by the Trump administration…
Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday.Eni has been producing gas in Venezuela for the domestic market since 2022…
One of the world’s largest base ports for offshore wind activities Port of Esbjerg and Norwegian port operator WindPort have entered into a strategic partnership to accelerate offshore wind development in Norway.The partnership focuses on joint…
Northern ƶijϻ Services (N-O-S) has taken delivery of the world’s first 100% biomethanol-powered crew transfer vessel (CTV), chartered by Vestas.M/V Transporter, designed, developed and provided by N-O-S, is a conversion from A-Class to T-class…
ScottishPower Renewables, part of the Iberdrola, has awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for its East Anglia TWO offshore substation and jacket foundation to HSM ƶijϻ Energy…
Shell, through its subsidiaries, has awarded a contract to Stena Drilling for the Mobile ƶijϻ Drilling Unit (MODU) Stena DrillMAX, which will be put to work offshore Suriname.KE STP Company and BG International Limited Suriname Branch, subsidiaries of Shell…
ƶijϻ drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world.Borr Drilling secured new contract awards for the rigs Thor…
Saudi oil and gas drilling contractor ADES Holding has signed a 10-year contract renewal for one of its standard offshore jack-up rigs, which was among the suspended rigs previously operating in the Kingdom of Saudi Arabia.The standard jack-up is currently fulfilling a medium-term contract in Egypt…
Blaze Manufacturing Solutions, a provider of fire safety solutions, has been awarded significant contracts by IEMANTS to design, supply, and commission the fire alarm and extinguishing systems for the Baltyk 2 and 3 offshore substations.The contract encompasses the design…
The Tyra II project in the North Sea, Denmark’s largest offshore gas development, is expected to start operating at its full capacity from next week, following the issues with the equipment which have restricted its production.Since March 4…