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Business & Finance

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A vessel at sea
Business & Finance

Swiss player getting its first LNG carrier in 2027

Swiss-based MET Group has closed a deal with Danish shipowner Celsius for one liquefied natural gas (LNG) vessel, to be built by China Merchants Heavy Industry-Jiangsu.

about 2 years ago
COSL Innovator rig; Source: COSL
Business & Finance

COSL rig moving to next well on its drilling agenda as UK oil & gas player gears up to bring online previous one

Serica Energy is setting the stage to start production from a recently drilled well in the UK sector of the North Sea.

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about 2 years ago
Energinet finds contractor for replacement of cables connecting Denmark and Sweden
Business & Finance

Energinet finds contractor for replacement of cables connecting Denmark and Sweden

Danish national transmission system operator (TSO) Energinet has selected a contractor to undertake the replacement of an outdated submarine cable that passes across Øresund connecting Denmark and Sweden. Together with Swedish TSO Kraftnät, Energinet owns and operates four Øresund links that connect

about 2 years ago
Norwegian energy giant hires compatriot firm for subsurface support
Business & Finance

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 2 years ago
Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing
Business & Finance

Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing

In a major strategic realignment, UK-based midstream LNG & BioLNG company Avenir LNG has revealed its intent to divest from the HIGAS LNG storage terminal in Sardinia, Italy, as part of a shift to ‘exclusively’ focus on providing ‘efficient and sustainable’ small-scale liquefied natural gas (LNG) su

about 2 years ago
A jack-up rig offshore
Business & Finance

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 2 years ago
A large group of people standing in front of a vessel
Business & Finance

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 2 years ago
FSRU Toscana returning to Livorno; Source: OLT Offshore LNG Toscana
Business & Finance

With Italian FSRU en route to its post, tender goes up to secure LNG needed for cool-down and gas-up ops

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has kicked off the required procedure to bring its floating storage and regasification unit (FSRU) back online since maintenance activities have been wrapped up and the u

about 2 years ago
NKT begins expansion of Danish power cable production
Business & Finance

NKT begins expansion of Danish power cable factory

Denmark-headquartered power cable manufacturer and installation company NKT has begun construction to expand its cable factory in Asnaes to increase medium-voltage power cable production capacity to support growing demand across Europe. NKT held the groundbreaking ceremony for the expansion of the c

about 2 years ago
Van Oord completes FSRU jetty at Wilhelmshaven in Germany; Source: Van Oord
Business & Finance

Van Oord puts 600-meter-long FSRU jetty together for Germany’s LNG terminal

Van Oord has assembled a floating storage and regasification unit (FSRU) jetty at Wilhelmshaven, Germany for Deutsche Energy Terminal (DET), the German state-owned operator of four terminals.

about 2 years ago
NoviOcean power plant that combines wave, wind and solar energy.
Business & Finance

Swedish developer seeks backing to scale wave, wind, and solar hybrid technology (Video)

Swedish renewable energy firm Novige, which stands behind the hybrid wave, wind, and solar converter NoviOcean, is on the lookout for funding to scale its operations and integrate the technology into offshore wind farms. After securing the SEK 1 million (around $99,210) Startup4Climate award for the

about 2 years ago
EU issues terms and conditions for second hydrogen bank auction
Business & Finance

EU issues terms and conditions for second hydrogen bank auction

The European Commission (EC) has published the final terms and conditions (T&Cs) for its second auction for the production of renewable hydrogen (IF24 Auction), via the Innovation Fund.

about 2 years ago
New Norwegian partnership set up to digitalize North Sea oil & gas area
Business & Finance

New Norwegian partnership set up to digitalize North Sea oil & gas area

Norwegian oil and gas player Aker BP and compatriot energy data and intelligence company TGS have expanded their ongoing cooperation with a strategic partnership aimed at digitalizing the Yggdrasil area in the North Sea. As part of the new agreement, Aker BP will integrate TGS’ Prediktor Data Gatewa

about 2 years ago
Troll A platform; Credit: Øyvind Gravås and Even Kleppa/Equinor
Business & Finance

Aker Solutions ready for work on another chapter in giant North Sea gas project’s story

Aker Solutions has been hired for topside modification assignment at a project that aims to bolster gas production from a giant oil and natural gas field in the northern part of the North Sea, which Equinor operates on the Norwegian Continental Shelf (NCS).

about 2 years ago