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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsMarket OutlooksOutlook & StrategyRegulation & PolicyRules & RegulationFossil EnergyLiquefied Natural GasOil & GasExploration & ProductionProject & TendersDecommissioningFPSOFPSO & VesselsSubseaRigsCablingHuman CapitalInfrastructureVessels
Illustration; Source: NKT
Business & Finance

UK underwater market hits £9.4 billion: Project delays place offshore energy supply chain at risk

Global Underwater Hub (GUH), the trade and development body representing the UK’s multibillion-dollar subsea sector, has undertaken a new study for the nation’s underwater sectors, which emphasizes that frequent delays to offshore energy and infrastructure projects threaten the viability of Great Br

about 10 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

More US LNG going to Japan: Venture Global and Tokyo Gas shake hands on 20-year offtake

With another liquefied natural gas (LNG) offtake deal in the bag, the U.S. export project developer Venture Global has secured its fourth multi-year contract with a Japanese company.

about 10 months ago
Illustration; Source: TotalEnergies
Business & Finance

France’s gas ‘safety net’ no longer needed: TotalEnergies dismantling LNG terminal

TotalEnergies has decided to demobilize its floating storage and regasification unit (FSRU) in Le Havre, as this liquefied natural gas (LNG) terminal is no longer required to strengthen energy security in the country and Europe.

about 10 months ago
Illustration; Source: Woodside
Business & Finance

Greater Sunrise on Southeast Asia’s gas horizon: Woodside strikes deal for LNG concept

Woodside has signed on the dotted line with the Ministry of Petroleum and Mineral Resources (MPRM) of Timor-Leste to carry out studies and activities to mature a Timor-based LNG concept (TLNG) for gas fields in Southeast Asia.

about 10 months ago
Tiber floating production platform is based more than 85% on Kaskida's design (Kaskida rendering); Source: BP
Business & Finance

BP tasks Seatrium with FPU job in Gulf of America

UK-headquartered energy giant BP has entrusted Seatrium, a Singapore-headquartered provider of offshore, marine, and energy solutions, with an assignment related to a newbuild floating production unit (FPU), destined for deployment at a deepwater oil project in the Gulf of America (the U.S. Gulf of

about 10 months ago
Edda Freya; Courtesy of DeepOcean
Business & Finance

DeepOcean winding down North Sea FPSO disconnection gig for TotalEnergies

DeepOcean is close to crossing the finish line for an assignment in the North Sea, which entails the disconnection and tow of a floating production, storage, and offloading (FPSO) vessel, alongside the removal of associated subsea infrastructure on the UK Continental Shelf (UKCS).

about 10 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

Stage getting set for sixth train at multibillion-dollar LNG project in Texas

By kicking off the pre-filing process, Houston-headquartered NextDecade Corporation is putting the wheels into motion to add another train and expand its liquefied natural gas (LNG) export project under development in Texas, United States.

about 10 months ago
Illustration; Source: QatarEnergy
Business & Finance

TotalEnergies, Petronas, and QatarEnergy set their cap on hydrocarbon exploration off Guyana

Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas – are joining forces to explore the hydrocarbon potential of an offshore block in Guyanese waters.

about 10 months ago
Map showing Somalia's offshore acreage; Courtesy of TGS
Business & Finance

TGS prolongs geophysical data mission for Somalia’s offshore hydrocarbon basins

Norwegian energy data and intelligence company TGS has struck a deal with the government of Somalia to extend its assignment to market and license offshore geophysical data for the African country’s acreage, said to be among the world’s most under-explored regions.

about 10 months ago
Illustration; Source: ARO Drilling
Business & Finance

Keel laying for third out of 20 planned jack-ups done, with fourth rig in the pipeline

Aside from a deal to build a fourth jack-up in a series of 20 planned newbuild Saudi-operated and manufactured offshore rigs, which has been signed by International Maritime Industries (IMI) and ARO Drilling, a 50/50 joint venture between Valaris and Aramco, a keel laying ceremony has been held for

about 10 months ago
Courtesy of Terna
Business & Finance

Italy’s Milan-Montalto subsea cable link’s authorization on the cards in mid-2026

Italy’s transmission system operator (TSO) Terna is getting ready to disclose the results of public input on its new project, envisioned to connect Lazio and Lombardy via a route of around 500 kilometers, integrating renewables and increasing energy transport capacity.

about 10 months ago
Illustration; Source: NKT
Business & Finance

NKT widens production capacity at its cable accessories factory in Germany

Danish power cable manufacturer and installation firm NKT has embarked on a mission to expand production capacity at its cable accessories site in Nordenham, Germany, to meet the continued high demand for medium-voltage power cable accessories in Europe.

about 10 months ago
Double win for Baker Hughes offshore Norway
Business & Finance

Vår Energi enlists Norwegian firm to support its oil & gas drilling and subsurface activities

Norway’s Well Expertise Consultancy, a subsidiary of Well Expertise, has landed a multi-year deal to provide Vår Energi, an oil and gas operator, with drilling, wells, and subsurface consultants to assist the hydrocarbon player in carrying out onshore and offshore operations on the Norwegian Contine

about 10 months ago
FPSO Emem; Source: Oriental Energy
Business & Finance

Drydocks World transforms oil tanker into FPSO destined for Nigeria’s oil field

The UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has confirmed a sail-away ceremony for a recently converted floating production, storage, and offloading (FPSO) vessel bound to be deployed at an oil field off the coast of Nigeria, Africa.

about 10 months ago
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