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Business & Finance

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After Beam, Swiss technology group buys German subsea firm
Business & Finance

After Beam, Swiss technology group buys German subsea firm

Swiss technology group Rosenxt Group is looking to strengthen its subsea capabilities with the acquisition of a Germany-headquartered provider of ocean bottom seismometers (OBS) and subsea monitoring technology. The combination of Rosenxt’s experience in asset integrity with K.U.M. Umwelt- und Meere

about 8 months ago
FPSO Cidade de Campos dos Goytacazes; Source: MODEC
Business & Finance

Brava Energia snaps up Petronas’ stakes in two Brazilian fields for $450 million

Brava Energia has set the wheels in motion to expand its footprint in the Campos Basin by acquiring interests Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of Malaysia’s energy giant Petronas, holds in two fields off the coast of Brazil.

about 8 months ago
Rendering of Texas LNG project; Source: Texas LNG, a subsidiary of Glenfarne Energy Transition
Business & Finance

20-year offtake deal with RWE in Texas LNG project’s bag

Texas LNG Brownsville, part of Glenfarne Group, has landed a new multi-year deal with RWE Supply & Trading, one of Europe’s energy companies, for liquefied natural gas (LNG) to be supplied from its export facility planned to be constructed in the Port of Brownsville, Texas.

about 8 months ago
Eco Wave Power’s pilot in Israel delivers strong performance in December
Business & Finance

Eco Wave Power’s pilot in Israel delivers strong performance in December

Eco Wave Power’s wave energy project at Jaffa Port in Israel has shown strong wave energy production performance during December, which the company says further demonstrates the system’s ability to generate energy reliably under real-world sea conditions and provide valuable operational data support

about 8 months ago
FSO Suksan Salamander; Source: Samos Energy
Business & Finance

Altera Infrastructure parts ways with FSO deployed on Asian oil field

Altera Infrastructure has struck a deal with Samos Energy Group, an energy investor, to divest a floating storage and offloading (FSO) unit, which is working at an oil field off the coast of Thailand, Southeast Asia.

about 8 months ago
Illustration; Source: NKT
Business & Finance

NKT and SSEN Transmission sign final contracts for Scottish HVDC transmission links

Danish power cable manufacturer and installation firm NKT has been awarded the final contracts for two Scottish HVDC transmission links that are part of a major upgrade to the electricity transmission network across the north of Scotland. NKT and SSEN Transmission confirmed their partnership to deve

about 8 months ago
BW Nivalis and BW Borealis LNG vessels; Source: BW LNG
Business & Finance

BW LNG names newbuild vessel pair at Hanwha Ocean’s shipyard

BW LNG, part of BW Group, has held a naming ceremony for two new liquefied natural gas (LNG) vessels at a shipyard in South Korea, Asia.

about 8 months ago
Ulstein building two 130-meter CLVs for OMS Group
Business & Finance

Ulstein building two 130-meter CLVs for OMS Group

Norway-headquartered subsea services provider OMS Group has signed contracts with Norwegian shipbuilder Ulstein for the design and construction of two cable-laying vessels (CLVs). Designed by Ulstein Design & Solutions, the ULSTEIN SX252 vessels will be 130 meters long and 22 meters wide and will ha

about 8 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business & Finance

Chevron signs off on Mediterranean field expansion for gas production uptick

Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, and its partners have given the green light for a planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.

about 8 months ago
OSCV Siem Day to be renamed NG Supporter; Source: DeepOcean
Business & Finance

Saipem hires Rana Subsea for job in Middle East as NextGeo enriches fleet with new vessel

Italy-headquartered engineering, drilling, and construction services giant Saipem has booked Rana Subsea, a subsidiary of Next Geosolutions (NextGeo), for an assignment in the Middle East. NextGeo has now strengthened its fleet with a new vessel specifically designed for the execution of complex sub

about 8 months ago
FPSO Goliat; Source: Vår Energi
Business & Finance

Barents Sea oil discovery’s potential strengthened by appraisal ops

Vår Energi, a Norwegian oil and gas operator, has finished drilling an appraisal well related to an oil discovery in the Barents Sea, confirming reservoir quality and adding recoverable volumes.

about 8 months ago
Sunfish 3D reprocessing in Harper Basin; Source: TGS
Business & Finance

TGS’ 3D reprocessing seismic survey setting the stage for oil & gas exploration offshore Liberia

Norwegian energy data and intelligence player TGS has dived into a 3D reprocessing seismic survey in the Harper Basin to enhance hydrocarbon exploration readiness off the coast of Liberia.

about 8 months ago
EU flag; Credit: Adrijana Buljan, Editor-in-Chief at offshoreWIND.biz, Offshore-Energy.biz's sibling site
Business & Finance

Brussels endorses €200 million German scheme for Canadian hydrogen imports to EU

The European Commission (EC) has cleared a €200 million German aid to boost Canadian-produced renewable hydrogen and its derivatives for the European market. This scheme will support the construction of up to 300 MW of electrolysis capacity.

about 8 months ago
Brouwersgracht; Courtesy of Spliethoff
Business & Finance

Spliethoff’s vessel pair coming to support Saipem’s ops at huge gas project in Brazil

Saipem is tasked with a job on a giant natural gas project off the coast of Brazil, where two vessels from the fleet of the Amsterdam-headquartered Spliethoff, a member of the Spliethoff Group, are expected to start their assignments soon.

about 8 months ago
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