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SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast of Guyana, which operated by ExxonMobil. The post SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan appeared first on Offshore Energy.

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) from the […] The post SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR appeared first on Offshore Energy.

UAE-based logistics major DP World has expanded its Green Marine membership by adding the Vancouver, Nanaimo, and Saint John terminals to the program. The post DP World adds three new terminals to Green Marine program to support sustainability appeared first on Offshore Energy.

French renewable energy firm Offsolar has finalized the construction of its 238 kWp floating […] The post French firm finishes floating solar platform for Petronas’ project in Malaysia appeared first on Offshore Energy.

Offshore engineering and construction player McDermott has secured the front-end engineering and design (FEED) […] The post McDermott lands FEED deal for $7.5 billion clean ammonia project in Louisiana appeared first on Offshore Energy.

The operations involved in the installation, commissioning and maintenance of offshore wind farms are […] The post Hydraulics, mechanical or electrical: offshore engineering projects demand specialised equipment appeared first on Offshore Energy.

From 2025, the shipping industry will usher in a new era of more stringent regulations with environmental pieces woven into it. Adhering to these regulations is expected to drive a shift towards achieving net zero emissions by 2050. The post Normec Verifavia MD sheds light on regulatory compliance challenges as shipping readies for pivotal shift in 2025 appeared first on Offshore Energy.

Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion […] The post NKT nearing finish line for its Swedish expansion project appeared first on Offshore Energy.

Canada’s Africa Oil has boosted its ownership interest in Impact Oil & Gas, an Africa-focused exploration player with hydrocarbon exploration and appraisal assets in the Orange Basin off the coast of Namibia. The post Canadian oil & gas player enlarges stake in Namibia’s Orange Basin appeared first on Offshore Energy.

OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to an existing platform. The post North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead appeared first on Offshore Energy.