Reposition Contracts and Mobilisation Plans After Woodside Operatorship Shift

As a result, the next chapter is perceived to reconnect the Australian player with that history, as it builds on a legacy that started in the region. Given that the transition involves the transfer of operatorship, not asset ownership, Liz Westcott, Woodside’s CEO, emphasized: “Bringing the Gippsland Basin assets into Woodside is also a homecoming, returning us to the state where, more than 70 years ago, our company began

” The Gippsland assets include the Gippsland Basin Joint Venture (GBJV) and the Kipper Unit Joint Venture (KUJV)

The Australian operator claims that every molecule of energy from operations is supplied to power homes and industry in the country’s eastern states, as it has done since its start

Home Fossil Energy Drydocks World hires Svanehoj for LNGC-to-FSU conversion job July 3, 2026, by Denmark-headquartered marine pumps and liquefied gas safety system specialist Svanehoj has received an order to supply LTD gauging systems for a liquefied natural gas (LNG) carrier (LNGC) to floating storage unit (FSU) (LNGC-to-FSU) revamp, strengthening its position in offshore LNG infrastructure as demand grows for LNG vessel conversions. Illustration; Courtesy of Svanehoj Svanehoj has signed a contract with Drydo

The overall conversion project includes extensive vessel modifications, ranging from steel fabrication and piping installation to new process modules, tank coating, and life-extension work under Lloyd’s Register classification

The project represents an important step into the LNG conversion market for the Danish player, as it is a strategically important segment for its LTD gauging system technology, and supporting growth in offshore LNG infrastructure. Fabrice Vandewalle, Sales Manager of LNG/Cryogenic at Svanehoj France, commented: ”This marks the first time we are supplying our LTD gauging systems for an LNGC-to-FSU conversion, and the project supports our ambition to strengthen Svanehoj’s presence in offshore LNG infrastructure

Home Subsea Covelya Group acquisition expands Kraken’s geographic reach July 3, 2026, by Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports high-performance underwater technology for maritime defense and commercial customers, through its subsidiary companies Sonardyne

“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Together, Kraken and Covelya Group bring complementary products, technological capabilities, and customer relationships that we expect will strengthen Kraken’s growth potential and long-term outlook

Home Subsea Covelya Group acquisition expands Kraken’s geographic reach July 3, 2026, by Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things