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Business & Finance

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Oil Rocks infrastructure centre connecting other oil fields of Azerbaijan (for illustration purposes); Source: SOCAR
Business & Finance

SOCAR strengthens energy ties in oil & gas realm with ExxonMobil and Canadian player

Thanks to a new set of deals, the State Oil Company of the Republic of Azerbaijan (SOCAR) is pooling resources with the U.S.-headquartered ExxonMobil and Canada’s Gran Tierra Energy to explore energy opportunities.

about 1 year ago
Hoegh Gandria; Source: Höegh Evi
Business & Finance

New booking enables Wärtsilä to work on Egypt-bound FSRU conversion gig

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Wärtsilä has received a new regasification module order from Höegh Evi for a conversion project that will see a liquefied natural gas (LNG) carrier repurposed into a floating storage and regasification unit (FSRU) destined for deployment in Egypt.

about 1 year ago
Wildcat well proves North Sea reservoir suitable for carbon storage
Business & Finance

Wildcat well proves North Sea reservoir suitable for carbon storage

Harbour Energy Norge and its partners have confirmed a reservoir in the Norwegian part of the North Sea suitable for CO2 injection and storage following the drilling of a wildcat well. As part of the Havstjerne storage project, the 9/6-1 well was drilled in a water depth of 90 meters, around 30 kilo

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Drop in UK oil & gas players’ profits prompts calls for tax changes to amplify investments

Offshore Energies UK (OEUK), has urged the government to take action on the energy profits levy (EPL), known as the windfall tax on oil and gas profits, by next year to put all ingredients in place to secure jobs, energy security enhancement, and the build-out of the energy infrastructure for the fu

about 1 year ago
Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities
Business & Finance

Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities

Norwegian shipping company Solvang and Global Infrastructure Partners (GIP), a part of private infrastructure investment firm BlackRock, have joined forces to grow the liquefied gas shipping business with a focus on LPG, ammonia, ethane, and CO2.

about 1 year ago
Illustration; Source: ModuSpec
Business & Finance

Black Sea drillship reactivation job lands on ModuSpec’s table

MR Group’s ModuSpec, a rig intake and inspection specialist, has lined up a multi-staged support assignment during the intake process of a sixth-generation deepwater drillship in the Black Sea.

about 1 year ago
Fugro wins its ‘largest-ever project in Asia Pacific’
Business & Finance

Fugro wins its ‘largest-ever project in Asia Pacific’

The Netherlands-headquartered Fugro has secured its largest-ever project in the Asia Pacific (APAC) region, as part of which it will support the development of a deepwater gas field in Southeast Asia. As part of the signed letter of award (LoA), Fugro will perform a site characterization program for

about 1 year ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Business & Finance

39-year-old FPSO going to Las Palmas to get ready for redeployment

Amplus Energy has picked Spain’s Astican Shipyard in Las Palmas de Gran Canaria off the northwest coast of Africa to undertake the work scope related to the preparation for the redeployment of a floating production, storage, and offloading (FPSO) vessel, seen as one of the offshore industry’s most i

about 1 year ago
Marubeni
Business & Finance

Marubeni unveils investment in Gearbulk

Japanese sōgō shōsha Marubeni Coporation has decided to invest in Gearbulk Holding AG, the world’s ‘largest’ open hatch shipping operator, based in Switzerland.

about 1 year ago
Port of Gdańsk; Source: Gaz-System
Business & Finance

Poland’s FSRU project taking shape as onshore segment makes new inroads

Poland’s gas transmission system operator, Gaz-System, has disclosed progress in the construction of the onshore section of the country’s floating storage and regasification unit (FSRU) in the Gulf of Gdańsk.

about 1 year ago
TotalEnergies and partners to import clean energy from Indonesia to Singapore via subsea interconnector
Business & Finance

TotalEnergies and partners to import clean energy from Indonesia to Singapore via subsea interconnector

French energy giant TotalEnergies and Singapore-headquartered RGE, a group operating in the bio-based resources and energy sectors, have joined forces to develop a large-scale solar and battery storage project in Indonesia whose renewable power will be exported to Singapore through a subsea intercon

about 1 year ago
FPU Osman Gazi; Source: Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources via X
Business & Finance

WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026

As part of its efforts to wean itself off energy imports and bolster its domestic production capacity, Türkiye has sent its first-ever floating production unit (FPU) on a journey to the Black Sea, where it is expected to enable a twofold increase in gas production from the country’s giant deepwater

about 1 year ago
Welsh Government-backed project to design and develop tidal stream turbine blades
Business & Finance

Wales backs next-gen tidal stream turbine blade project

A new Welsh Government-backed project aims to design and develop next-generation tidal stream turbine blades, with a focus on increasing efficiency, durability, and overall performance in marine energy systems. Based in Broughton, the Advanced Manufacturing Research Centre (AMRC) Cymru will work alo

about 1 year ago
Island Frontier
Business & Finance

Norwegian vessel at work for Oceaneering in Africa, North Sea comeback in August

A multi-service vessel (MSV) owned by Norway’s Island Offshore has completed a campaign in West Africa for U.S. subsea engineering and applied technology firm Oceaneering and is getting ready for the next project in the region. The 106-meter-long Island Frontier, delivered to the owner in 2004, is c

about 1 year ago