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Business & Finance - Offshore Energy

Business & Finance

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Business & Finance

Japan’s MHI prolongs research collaboration on ammonia-based clean power in Indonesia

Japanese major Mitsubishi Heavy Industries (MHI) and Indonesia’s Institut Teknologi Bandung (ITB) have signed a new research agreement to continue exploring the potential of ammonia-based clean power in Indonesia. MHI and ITB concluded a memorandum of understanding (MoU) in 2020 to collaborate on re

about 8 months ago

Business & Finance

QatarEnergy hands out FEED job for LNG project to Chiyoda

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Japanese engineering company Chiyoda Corporation has landed a new liquefied natural gas (LNG) assignment with QatarEnergy LNG, which is acting as an agent for Qatar’s state-owned oil & gas giant QatarEnergy.

about 8 months ago

Business & Finance

New partner on the cards as Sintana eyes indirect stake in Namibia’s offshore basin

Canada-headquartered oil and natural gas exploration player Sintana Energy has entered into a letter of intent (LOI) to secure a period of exclusivity regarding an investment that unlocks an indirect interest in PEL 37 off the coast of Namibia.

about 8 months ago

Business & Finance

WATCH: Dutch hybrid survey vessel hits the water

A hybrid survey and remotely operated vehicle (ROV) support vessel that will kickstart a charter for N-Sea Group has officially been launched in the Netherlands. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, built by Neptune Cons

about 8 months ago

Transocean Equinox, former Songa Equinox; Credit: ALP Maritime

Business & Finance

Transocean rig winds down drilling gig with ConocoPhillips and goes to its next job

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has completed its drilling program in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player. As a result, the rig has moved on to an

about 8 months ago

Business & Finance

South Koreans join in Canadian LNG project

South Korea’s Hanwha Group has entered into a strategic memorandum of understanding (MoU) with Canadian firm Fermeuse Energy to jointly advance the Newfoundland and Labrador liquefied natural gas (LNG) development project in Canada. As part of the partnership, Hanwha will be a long-term strategic pa

about 8 months ago

Business & Finance

Private LNG operator takes EU to court over €4.96 billion state funding

Deutsche ReGas, Germany’s private operator of liquefied natural gas (LNG) terminals, has embarked on a legal battle to challenge the European Commission’s approval of the €4.96 billion subsidy scheme, claiming that state aid for LNG terminals harms competition and weakens gas security.

about 8 months ago

ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO

Business & Finance

ADNOC rakes in $3 billion for LNG offtake deal with Indian player

ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has signed off on a multi-year liquefied natural gas (LNG) agreement with India’s Hindustan Petroleum Corporation Limited (HPCL).

about 8 months ago

Business & Finance

Wood clinches multimillion-dollar extension for mega gas project in Australia

Scotland-headquartered engineering and consulting company Wood has obtained a long-term contract extension for a giant gas project situated on Australia’s northwest coast with the country’s energy giant, Woodside Energy.

about 8 months ago

Business & Finance

Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says

Consumers in Great Britain have benefited more than £1.65 billion (around $2.211 billion) from subsea electricity interconnectors since 2023, the UK National Grid reported. The analysis of the benefit of National Grid’s subsea electricity interconnector portfolio, said to be the largest in the world

about 8 months ago

Stena Evolution drillship; Source: Stena Drilling

Business & Finance

Stena Drilling and Keystone set their cap on upping the digital drilling ante

Scotland-headquartered offshore drilling contractor Stena Drilling has joined forces with Keystone, Norway’s supplier of planning and execution software for well operations, to advance a next-generation, automation-enabled well delivery model.

about 8 months ago

Business & Finance

James Fisher invests in firm behind ‘world’s only autonomous underwater and surface vehicle’

James Fisher and Sons is investing in a U.S.-based autonomous marine technology company to support the development and deployment of what is said to be the world’s first and only wind and solar-powered autonomous underwater and surface vehicle (AUSV). James Fisher announced it was investing a strate

about 8 months ago

Illustration; Source: Offshore Energies UK (OEUK)

Business & Finance

Scotland backs North Sea oil & gas development and extraction, poll shows

In the wake of rising job losses across the oil and gas sector, nearly six in ten voters across Scotland have thrown their support behind the full development and extraction of North Sea oil and gas, according to new Scotland-wide polling.

about 8 months ago

Business & Finance

MODEC places FPSO gig in DOF’s hands for ExxonMobil’s oil project offshore Guyana

DOF has secured a new assignment with Japan’s MODEC for a floating production, storage, and offloading (FPSO) vessel, which will work at an oil project operated by ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, off the coast of Guyana.

about 8 months ago