Business & Finance
Southeast Asian offshore project crosses FID threshold in fast-track move to first gas
PTTEP Energy Development Company, a subsidiary of PTT Exploration and Production Public Company (PTTEP), and Canada-headquartered Valeura Energy have taken a final investment decision (FID) to move forward with an initial gas development at an offshore natural gas field in Block G3/65 located in the
Strohm’s pilot ultra-deepwater TCP flowline to hit the water off Brazil in early 2027
Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has, in a joint industry program (JIP) with Petrobras and Shell, completed a qualification and field trial program for its ultra-deepwater TCP flowline technology. The completion of the full-scale qualification and offshore field trial rep
TotalEnergies, Staatsolie and APA advancing $12.2B oil project ahead of 2027 drilling ops
As large-scale production components stack up at the Kuldipsingh Port Facility (KPF), representatives of France’s energy giant TotalEnergies and Surinamese officials have met to discuss the progress on a multibillion-dollar deepwater oil project in Block 58 off the coast of Suriname, confirming that
New gas discovery springs up from India’s frontier deepwater basin
India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has found a new natural gas discovery in the deep waters of Mahanadi Basin off the country’s east coast.
Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets
The long-running financial standoff between Mexico’s offshore specialist Cotemar and ABSG Consulting, a subsidiary of American Bureau of Shipping (ABS), has intensified, with the former now turning to the New York State Supreme Court to restrict the U.S. government contractor’s access to nearly $60
Jan De Nul orders another newbuild trenching support vessel
Jan De Nul is further expanding its fleet with the order of a new trenching support vessel, which will be an exact copy of its Isambard Kingdom Brunel, announced in March. With this latest order, Jan De Nul has five vessels under construction for subsea cable installation and protection, including t
After Equinor, Njord Survey inks three-year agreement with RWE
RWE has awarded Swedish offshore survey company Njord Survey a three-year framework agreement for surveys using remotely operated vehicles (ROVs) across its offshore wind farms in the UK and European waters. “We are incredibly proud to secure this long-term agreement with RWE, one of the world’s lea
Orlen and Naftogaz deepen energy ties with two MoUs
Ukraine’s state-owned energy company Naftogaz Group and Poland’s Orlen have strengthened cooperation in liquefied natural gas (LNG) and petroleum product supplies, diversification of supply routes, and further stabilization of energy supplies to boost energy resilience in Ukraine and Central and Eas
Flylogix expands low-emission methane playbook with cross-border North Sea oil platform drone flight
Low-emission uncrewed aviation specialist Flylogix has crossed an international maritime boundary to survey an oil platform for methane emissions, marking the UK’s first civilian cross-border offshore drone operation.
WIND acquires stake in UK firm to strengthen cable lifecycle expertise
WIND, a Dutch subsea cable logistics, cable recovery, and related services company, has acquired a stake in a UK-based firm providing cable testing and termination, fault-finding and repair, among other things, for the offshore wind, power and wider energy sectors. WIND reported earlier this month t
Petrobras locks in 20-year US supply from Sempra’s LNG project in Lone Star State
Brazil’s state-owned energy giant Petrobras has struck a two-decade-long deal with Sempra Infrastructure, a subsidiary of Sempra, for the supply of liquefied natural gas (LNG) from a U.S. project under development in Jefferson County, Texas.
Hanwha Ocean’s design solution allowing LNG carrier’s switch to ammonia gets ABS’ thumbs-up
The American Bureau of Shipping (ABS), a classification society, has handed out approval in principle (AIP) for a multi-purpose fuel tank and fuel gas supply system design that enables a liquefied natural gas (LNG) carrier (LNGC) to shift from LNG to ammonia fuel without replacing the fuel tank or f
Exmar’s FLNG conversion earns Bureau Veritas’ seal of approval
An approval in principle (AiP) from Bureau Veritas Marine & Offshore (BV), part of Bureau Veritas Group, is paving the way for Belgian shipping company Exmar to breathe life into its floating liquefied natural gas (FLNG) concept based on the conversion of an existing membrane-type LNG carrier.
Denmark opens EU’s first full-scale CO2 storage site
King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden). Project Greensand was in December 2022 granted an exploration permit for the injection and storage of up to 15,000 to