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Business & Finance

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COSL Pioneer rig; Source: COSL
Business & Finance

As COSL rig wraps up drilling ops at North Sea well, preparations underway for next one

Norway’s oil and gas player Vår Energi is setting the stage to spud the next well on its list off the coast of Norway after drilling its second well in the North Sea with one of COSL Drilling Europe’s semi-submersible rigs.

about 1 year ago
NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm
Business & Finance

NextGeo finalizes acquisition of share in Italian subsea services firm

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Italy-headquartered Next Geosolutions (NextGeo) has completed the acquisition of 75.4% of the share capital of RANA Subsea, a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening its range of service

about 1 year ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Business & Finance

EU backs €4M wave energy research with Carnegie as tech partner

Australian wave energy developer Carnegie Clean Energy has been named the key technology partner in the COIN (Control-Oriented Innovations for future wave energy farms) project, funded under the Horizon Europe Program with a total budget of €4 million. The four-year initiative, coordinated by Techni

about 1 year ago
Blubell 2000 – Blue Ammonia FPSO; Source: Aragon
Business & Finance

Aragon’s FPSO set to bring down zero-carbon ammonia costs and quadruple gas monetization

Aragon, part of Seatrium, has high hopes for a blue ammonia floating production, storage, and offloading (FPSO) unit, which already secured approval in principle (AiP) from classification society American Bureau of Shipping (ABS).

about 1 year ago
IceChem Tankers
Business & Finance

TB Marine, Ektank order two methanol-ready chemical tankers for IceChem pool

Germany’s shipping company TB Marine and its Swedish counterpart Ektank have concluded shipbuilding contracts for four methanol-ready 22,000 dwt chemical tankers.

about 1 year ago
Troll A platform; Credit: Øyvind Gravås and Even Kleppa/Equinor
Business & Finance

‘Profitable’ discoveries on the cards: 20 firms keen on exploring Norway’s oil & gas potential

As countries work on strengthening their energy security with more oil and gas, 20 companies have shown interest in production licenses offered as part of the award in pre-defined areas 2025 (APA 2025) licensing round related to further hydrocarbon exploration activity on the Norwegian Continental S

about 1 year ago
FPSO Western Isles; Source: Sevan SSP
Business & Finance

Proposed North Sea oil project makes progress but UK urged to mend its fiscal ways

Given the need to secure future investments in domestic energy, the UK is being asked to change its current fiscal and regulatory regime related to its oil and gas policy, as NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), take steps to move forward with a proposed oil re

about 1 year ago
Swedish wave energy firm on the hunt for financial head
Business & Finance

Swedish wave energy firm on the hunt for financial head

Following strategic backing as part of its Series B funding round, as well as a grant from the European Union (EU), Swedish wave energy developer CorPower Ocean is on the lookout for a chief financial officer (CFO). Since its start in 2012, CorPower has raised around €115 million in funding in an ef

about 1 year ago
Tentacle-like subsea robot seeks to slash offshore inspection costs and improve personnel safety
Business & Finance

Tentacle-like subsea robot seeks to slash offshore inspection costs and improve personnel safety (Video)

A UK-Brazilian partnership has developed a tentacle-like underwater robot that could remove the need for large vessels and human divers for offshore inspections and enable smaller underwater vehicles to perform sophisticated inspection tasks, thereby reducing operational costs and improving personne

about 1 year ago
Adriatic LNG; Source: VTTI
Business & Finance

Italy’s largest LNG regasification terminal to be back at full throttle by mid-month

Italy’s Terminale GNL Adriatico, controlled by VTTI (70%) and Snam (30%), as the operator of a liquefied natural gas (LNG) regasification terminal in the Northern Adriatic Sea, said to be the largest such asset in the Southern European country, has disclosed the timeline for the LNG terminal’s retur

about 1 year ago
Modules arrive at the site in Squamish; Source: Woodfibre LNG
Business & Finance

Construction of Canada’s $5.1 billion LNG project passes the halfway mark

Woodfibre Management, a privately held Canadian company based in Vancouver, has reached a new construction milestone for its operated $5.1 billion liquefied natural gas (LNG) export project, under development in British Columbia, Canada.

about 1 year ago
Huge 27-year-old pipelayer prepares for major upgrade after producing final double joint
Business & Finance

Huge 27-year-old pipelayer prepares for major upgrade after producing final double joint

Allseas’ Solitaire, one of the world’s largest pipelay vessels, has produced its final double joint in its current setup before starting a major modernization process that will further advance its installation capabilities and production efficiency. Allseas announced at the beginning of this year th

about 1 year ago
Trion FPU concept image; Source: Wood
Business & Finance

HD Hyundai Heavy Industries’ floating production unit to sport Liebherr-manufactured cranes

The Liebherr Group’s Liebherr-Rostock GmbH, a European manufacturer of maritime handling solutions, has confirmed that two offshore cranes will be installed on a floating production unit (FPU) being built by HD Hyundai Heavy Industries, a South Korean shipyard.

about 1 year ago
Yinson Green Technologies
Business & Finance

Nereida Energy Holding completes management buyout of Norwegian Yinson Green Technologies

Nereida Energy Holding has completed the management buyout of Singapore-based green technologies solution provider Yinson Green Technologies from the Yinson Group.

about 1 year ago