Author name: admin

The COVID-19 pandemic may have transformed the way we live and work; however, the offshore energy sector seems to find its way through these challenges. A flashback to the week behind us reveals that new roadmaps to achieve net-zero goals are developed across various sectors, while new projects are giving hope that it’s possible to …

In focus: Emission-reduction initiatives ramping up across offshore energy sectors Read More »

Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, which is a 70 per cent increase over 2020, Rystad Energy’s research shows. Additionally, the M&A market is likely to stay active for the foreseeable future. According to Rystad Energy’s report on Friday, the total deal …

Upstream M&A deals hit three-year high in 2021 – Rystad Read More »

French classification society Bureau Veritas (BV) has granted an approval in principle (AiP) for BV’s ‘Cyber Managed Prepared’ notation to South Korean shipbuilder Hyundai Heavy Industries (HHI) and its parent company Korea Shipbuilding & Offshore Engineering (KSOE) for their vessel design. Photo: BV The vessel type in question is an 84,000 cbm liquefied petroleum gas …

HHI, KSOE get cyber security AIP from BV Read More »

New Jersey Assemblyman Robert J. Karabinchak has unveiled plans to introduce a new legislation initiative that would include wave energy in New Jersey’s Energy Master Plan. L to R: Inna Bravermann – CEO of Eco Wave Power, and Robert J. Karabinchak (Courtesy of Eco Wave Power) During Eco Wave Power’s bell-ringing ceremony on Nasdaq, Robert …

New wave energy legislation on the horizon for New Jersey Read More »

Two giant, rival oilfield services players – Baker Hughes & Schlumberger – closed the year 2021 on a positive note, recording improvements in their financial performances during the last quarter of the year with expectations for favourable market conditions in the year ahead. In its report on Thursday, Baker Hughes said it had booked orders …

Oilfield services players close the year on a positive note Read More »

UK-based small-scale LNG company Avenir LNG says that Carlo Ravizza of Höegh Capital Partners has joined its board of directors. Courtesy of Avenir LNG Carlo Ravizza will replace Sveinung Støhle, who recently stepped down as president and CEO of Höegh LNG. Peter Mackey, CEO of the company, said: “We are delighted to welcome Carlo to …

Avenir LNG adds to board Read More »

U.S. LNG project developer Venture Global LNG is nearing production of the first amount of liquified natural gas at its new Calcasieu Pass export facility in Louisiana. Courtesy of Venture Global LNG Venture Global is developing an LNG export facility in Cameron Parish, Louisiana, south of the city of Lake Charles. The project site is …

Calcasieu Pass in Louisiana nearing start of LNG production Read More »

Offshore vessel operator SeaMar has secured a contract extension with Neptune Energy Netherlands for the diving support vessel (DSV) SeaMar Splendid. Courtesy of SeaMar According to SeaMar, Neptune decided to exercise the option to extend the charter of the vessel for a period of one year. The 59-metre long SeaMar Splendid is currently supporting Neptune …

Neptune extends SeaMar vessel charter for IRM services Read More »

Earlier this week, Port of Townsville welcomed Australia’s largest backhoe dredge, Woomera, which will be used to widen the port’s 14.9-kilometre shipping channels over the next two years. The $232 million Channel Upgrade is the largest infrastructure project in the port’s 158-year history and is vital to ensuring trade, defence and cruise opportunities no longer …

Townsville welcomes Australia’s largest backhoe dredge Woomera Read More »

Tidal energy sites of the Fundy Ocean Research Centre for Energy (FORCE) in Canada have been made available for exploration with the 3D animation created by 3D Wave Design. FORCE tidal energy sites (Screenshot/3D animation by 3D Wave Design) The 3D animation has been as part of the Canada’s Ocean Supercluster‘s Vitality project – aimed …

FORCE tidal energy sites available for all to explore in new 3D animation Read More »