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Business & Finance

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Rendering of Argent LNG tanks and a vessel
Business & Finance

Transgaz-Argent LNG MOU advances US gas route to Central and Eastern Europe

Romania’s national natural gas transmission system operator (TSO) Transgaz has deepened its U.S. liquefied natural gas (LNG) ties through a memorandum of understanding (MOU) with Argent LNG, a U.S.-based LNG export developer headquartered in Louisiana, in a push to diversify regional energy supply b

about 2 months ago
UK to get extreme environment center for subsea technology testing
Business & Finance

UK to get extreme environment center for subsea technology testing

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A £150 million (around €175.6 million) extreme environment center capable of simulating currents, waves and wind is planned to be built in the UK, enabling the testing of technologies in realistic simulated conditions for the subsea and offshore wind markets, among other things. Being developed by N

about 2 months ago
Bruce field - Serica
Business & Finance

Serica targets production growth with North Sea drilling campaign of up to six wells

UK-based upstream oil and gas player Serica Energy is setting the stage to ink a rig deal for its planned multi-well drilling program in the UK sector of the North Sea to achieve high-impact organic production growth.

about 2 months ago
LNG carrier Simaisa; Source: Exmar
Business & Finance

Exmar enriching LNG bunkering market with floating transshipment unit

Belgian shipping company Exmar has taken delivery of a liquefied natural gas (LNG) carrier (LNGC), which will be upgraded to function as a floating transshipment unit (FTU), dedicated to the LNG bunkering market.

about 2 months ago
Vattenfall seeks ROV inspection, seabed survey contractors for European offshore wind fleet
Business & Finance

Vattenfall seeks ROV inspection, seabed survey contractors for European offshore wind fleet

Vattenfall has launched a tender seeking contractors to provide remotely operated vehicle (ROV) inspections and seabed survey services across its offshore wind portfolio in Denmark, Sweden, the Netherlands and the UK from 2027. According to a contract notice from August 4, the company is looking to

about 2 months ago
Prysmian buys Scottish training facility for cable jointers
Business & Finance

Prysmian buys Scottish training facility for cable jointers

Italian cabling company Prysmian has acquired a training facility for high-voltage cable jointers in Scotland, bringing on board over 20 apprentice jointers and experienced training staff. Located in North Ayrshire, the academy will support installation and inspection, maintenance and repair (IMR) o

about 2 months ago
FPSO Western Isles; Source: NEO Energy
Business & Finance

License alignment buys time to pick production solution for new UK North Sea oil hub

As the UK regulator has decided to prolong a license in alignment with another one in the area to pave the way for an integrated development plan, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to contemplate all ava

about 2 months ago
Illustration; Source: Aqualis
Business & Finance

Faster well delivery with AI-powered engineering at the heart of AGR-THF pact

AGR, part of Oslo-listed energy and marine consultancy group Aqualis, has forged a new partnership with THF Engineered Solutions (THF) to pave the way for enhanced well planning, assurance and well delivery by exploring ways engineering-led artificial intelligence (AI) can assist in this quest.

about 2 months ago
Illustration; Source: EnerMech
Business & Finance

North Sea operator books EnerMech for multi-year topside services job

Aberdeen-headquartered integrated solutions specialist EnerMech has been hired by an undisclosed North Sea operator for long-term topside services work.

about 2 months ago
Ksi Lisims LNG concept; Source: Western LNG
Business & Finance

Germany augments gas arsenal as Uniper pens 20-year LNG deal with Canadian project

German energy player Uniper has signed off on a two-decade-long liquefied natural gas (LNG) deal with a multibillion-dollar LNG project being developed on Canada’s northwest coast to export lower-carbon LNG to energy markets.

about 2 months ago
Asso.subsea revealed as buyer of Reach Subsea and Eidesvik’s IMR vessel
Business & Finance

Asso.subsea revealed as buyer of Reach Subsea and Eidesvik’s IMR vessel

Greece’s Asso.subsea has reported it was purchasing the inspection, maintenance and repair (IMR) vessel Viking Reach from the joint venture of Reach Subsea and Eidesvik Offshore, following the sale announcement from earlier today. It was reported today, August 4, that Eidesvik Reach, in which Eidesv

about 2 months ago
ACE platform on ACG field; Source: BP
Business & Finance

SOCAR tightens its grip on Caspian Sea oil & gas project with Itochu stake buyout

The State Oil Company of the Republic of Azerbaijan (SOCAR) has strengthened its hold on a giant oilfield in the Caspian Sea by acquiring Itochu Corporation’s participating interest, increasing its ownership in the oil and gas project off the coast of Azerbaijan as the Japanese trading and investmen

about 2 months ago
IMR vessel owned by Reach Subsea and Eidesvik finds new owner
Business & Finance

IMR vessel owned by Reach Subsea and Eidesvik finds new owner

Eidesvik Reach, the joint venture of Reach Subsea and Eidesvik Offshore, is selling its 2009-built, 85-meter-long inspection, maintenance and repair (IMR) vessel Viking Reach. The joint venture, in which Eidesvik holds a 50.1% ownership interest and Reach Subsea 49.9%, has entered into a memorandum

about 2 months ago
Hellenic Cables earns qualification for 525 kV HVDC XLPE cable systems
Business & Finance

Hellenic Cables earns qualification for 525 kV HVDC XLPE cable systems

Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has achieved qualification of its 525 kV HVDC XLPE cable systems for both submarine and underground applications. The qualification covers cable systems designed for continuous operation at 80°C using XLPE insulatio

about 2 months ago