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Business & Finance

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Illustration; Source: Shell
Business & Finance

Shell loses five-year legal fight as South Africa’s court sets aside Wild Coast exploration permit

UK-headquartered energy giant Shell has hit a dead end in its plans for oil and gas exploration off South Africa’s Wild Coast, after the Constitutional Court overturned a Supreme Court of Appeal (SCA) order that had kept the project alive, delivering a major victory for environmental groups and loca

about 1 month ago
FPSO P-67 operates on the Tupi field within the ultra-deep pre-salt layer of the Santos Basin, roughly 260 kilometers off the coast of Rio de Janeiro, Brazil; Credit: Andre Motta de Souza/Agencia Petr
Business & Finance

73 years in the making: Petrobras’ oil field exceeds 4 billion barrels as Brazil’s pre-salt turns 20

Brazil’s state-owned energy giant Petrobras has notched a new production milestone, with one of its oil fields surpassing 4 billion barrels of cumulative output as the pre-salt, now entering its third decade, cements its status as the company’s production powerhouse in Brazilian waters.

about 1 month ago
A man climbing down a ladder on an offshore platform
Business & Finance

BP, XRG, and UCC on 4 tcf Venezuelan gas quest as offshore development gathers pace

UK-headquartered energy giant BP and its partners, ADNOC’s XRG and UCC Oil and Gas Holding, have secured a key license off the coast of Venezuela in a push to unlock 4 trillion cubic feet (tcf) of proven gas resources.

about 1 month ago
Golar LNG's FLNG Hilli Episeyo; Credit: Seatrium
Business & Finance

Seatrium lines up third FLNG conversion assignment with Golar LNG

Golar LNG, a Bermuda-headquartered liquefied natural gas (LNG) midstream infrastructure owner and operator, has booked Seatrium, a Singapore-headquartered offshore, maritime, and energy solutions provider, for a potential third floating LNG (FLNG) conversion project.

about 1 month ago
Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios
Business & Finance

Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter of the Great Sea Interconnector (GSI) that will connect Cyprus and Israel, has submitted an investment approval request to the regulatory authorities of both countries. This is the nec

about 1 month ago
Rendering of Argentina LNG project; Source: YPF
Business & Finance

$51 billion LNG megaproject takes ‘important’ step on path to FID by year-end

A giant multibillion-dollar liquefied natural gas (LNG) export project in South America is laying the groundwork for a final investment decision (FID) by the end of 2026, with the submission of its application to join Argentina’s Large Investment Incentive Regime (RIGI), bringing the country closer

about 1 month ago
Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project
Business & Finance

Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project

Breakwater rehabilitation works have started in Portugal for Eco Wave Power’s megawatt-scale wave energy project following damage caused by a storm. Administração dos Portos do Douro, Leixões e Viana do Castelo (APDL) is carrying out the rehabilitation works at the Barra do Douro breakwater in Porto

about 1 month ago
€1.5 billion turnkey contract awarded for Greek interconnection
Business & Finance

€1.5 billion turnkey contract awarded for Greek interconnection

Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has secured a turnkey contract from the Greek transmission system operator (TSO), Independent Power Transmission Operator (IPTO), valued at approximately €1.5 billion, to deliver the Corinth-Kos HVDC electrical inte

about 1 month ago
Who Dat; Source: Delmar
Business & Finance

Subsea tie-back development to US Gulf oil & gas asset is a go

U.S.-headquartered LLOG Exploration, a subsidiary of Harbour Energy, has decided to move forward with the development of a subsea tie-back to an existing floating production system (FPS) in the Gulf of America (U.S. Gulf of Mexico).

about 1 month ago
Greenergy Cloud LNG carrier; Source: MOL
Business & Finance

MOL puts bow on six-vessel newbuilding program with final LNG carrier delivery

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has confirmed the completion of a six-vessel liquefied natural gas (LNG) carrier newbuilding program for China National Offshore Oil Corporation (CNOOC), following the naming of the last vessel in the series at Hudong-Zhonghua Shipbuilding in China.

about 1 month ago
‘Key client’ books Solstad CSV for three years plus options
Business & Finance

‘Key client’ books Solstad CSV for three years plus options

Solstad Maritime (SOMA) has signed a letter of intent (LoI) for its construction support vessel (CSV) Normand Cutter to perform subsea operations in West Africa. The LoI was signed with a “key client”, as Solstad said. The contract will have a firm duration of three years, starting in the fourth qua

about 1 month ago
Papua LNG
Business & Finance

TotalEnergies handpicks Daewoo E&C for work on LNG project in Oceania

France’s energy giant TotalEnergies has selected Seoul-based Daewoo Engineering & Construction (Daewoo E&C) as the preferred bidder for a major package on a liquefied natural gas (LNG) project in Papua New Guinea, Oceania.

about 1 month ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business & Finance

Golar LNG accelerates FLNG expansion with new $2.45 billion order

Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has struck an engineering, procurement, and construction (EPC) deal with Yantai CIMC Raffles Offshore (CIMC Raffles) for its fourth floating LNG (FLNG) and second vessel of MKII design.

about 1 month ago
Singaporean firm gets to work with Subsea7 in Arabian Gulf
Business & Finance

Singaporean firm gets to work with Subsea7 in Arabian Gulf

Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH) has won a contract with Subsea7 in the Arabian Gulf. The lump-sum contract for subsea diving and installation services was awarded by Subsea 7 Arabia Co., Ltd. and is scheduled for offshore execution in the third qu

about 1 month ago
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