DeepOcean wins landmark 8-year Equinor contract for subsea IMR work
Ocean services provider DeepOcean has been awarded its largest contract on record, a long-term subsea inspection, maintenance and repair (IMR) contract by Equinor. The eight-year contract will set a new…
Miros launches PredictifAI technology to predict wave and vessel motion
Miros has launched its new wave and vessel motion prediction technology — PredictifAI, which delivers a monitoring solution that automatically adapts to varying sea and weather conditions. PredictifAI pairs…
Nostra Terra raises £500,000 to increase production, cash flow from Pine Mills assets
Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and…
Oil price steadied by geopolitical risks and Chinese imports, analysts say
Crude oil futures remain steady, supported by geopolitical tensions and a rebound in Chinese crude imports, according to a Pepperstone analyst. The ongoing conflict in Ukraine continues to threaten supply…
Kuwait plans $30 billion, five-year spend strategy to boost oil production
(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to…
Messer secures full refinancing of €500m acquisition loan for Messer Industries
Messer has refinanced the remaining €500m of an acquisition loan tied to its purchase of all shares in Messer Industries. The news follows the industrial gas giant having used short-term…
Trio unites to develop Thailand’s BioLNG industry
CleanEdge Resources Pte Limited, BBGI Public Company Limited and Keppel Ltd have joined forces to spearhead a BioLNG (liquefied biomethane) project in Thailand, aiming to strengthen Southeast Asia’s renewable energy…
Renergen enjoys helium ‘head start’
Renergen has a “head start” for the next three-to-five years while other importers strive to get their South Africa infrastructure up to speed, according to CEO and Managing Director Stefano…
Atlas Copco supports biogas production at Yorkshire facility
Atlas Copco is helping to improve biogas production at the Leeming Biogas facility in North Yorkshire by supplying critical oxygen generation technology. The equipment plays a key role in ensuring…
HSM Offshore Energy rolls out THOR OHVS topside
(WO) — HSM Offshore Energy, a leader in the EPCIC of multidisciplinary offshore renewable projects, has successfully rolled out the THOR OHVS (Offshore High Voltage Substation) and lifted the GIS…
