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Business & Finance

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Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery
Business & Finance

Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, is set to acquire active and passive electromagnetic sensing capabilities from Argeo’s bankruptcy estate. To remind, it was reported on July 7 that Norwegian subsea services provider Argeo and its Nor

about 1 year ago
West Vela drillship; Source: Seadrill
Business & Finance

US firm hits oil pay in Gulf of America with Seadrill rig

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Houston-based energy player Talos Energy has made a new oil discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, thanks to its drilling activities with a drillship owned by Seadrill, an offshore drilling contractor.

about 1 year ago
Inna Braverman and CY Huang explain the Eco Wave Power technology to Mr. Yu Zheng Wei Head of Taiwan's Energy Bureau, and Mrs. Wang Mei Hua, Taiwan's former Minister for Economic Affairs.
Business & Finance

First commercial port site in Taiwan ready for wave energy pilot

Wave energy developer Eco Wave Power Global and its partner I-KE International Ocean Energy, a subsidiary of Lian Tat Company, have obtained the official land use tender from Suao Port Company for a wave energy pilot station in Taiwan. According to Eco Wave Power, this marks the first time a commerc

about 1 year ago
Foresea NS-42 (ODN-II) drillship will be used during the pre-operational assessment for drilling operations; Source: Petrobras
Business & Finance

2012-built rig at designated spot: Petrobras sets the stage to secure go-ahead for drilling ops

Following the arrival of a drillship at its drill site, Brazil’s state-owned oil and gas giant Petrobras is getting ready to embark on the pre-operational assessment, as the final stage of the licensing process for drilling a deepwater well in Amapá.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

BP confirms multimillion-dollar deals for gas field expansion and terminal electrification

BP has corroborated the award of engineering and procurement support assignments to the SOCAR-KBR joint venture (JV), entailing KBR, a U.S.-headquartered science, technology, and engineering player, and Azerbaijan’s SOCAR.

about 1 year ago
UK: Cable route construction starts on subsea green electricity superhighway
Business & Finance

Cable route construction starts on UK’s subsea green electricity superhighway

Construction has started on the cable route for Eastern Green Link 2 (EGL2), a subsea link said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country. Developed by a joint venture of SSEN Transmission and National Grid El

about 1 year ago
Illustration; Source: Santos
Business & Finance

$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global

about 1 year ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business & Finance

Mexico’s large-scale LNG export terminal strikes another 20-year offtake deal

Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, has landed a definitive multi-year sales and purchase agreement (SPA) with Gunvor Singapore, an independent commodity trading house, for the supply of liquefied natural gas (LNG) from its liquefaction fa

about 1 year ago
Step forward for Eni’s co-control stake sale in CCUS business
Business & Finance

Step forward for Eni’s co-control stake sale in CCUS business

Global Infrastructure Partners (GIP), an infrastructure investor part of BlackRock, has entered into a definitive agreement with Italy’s energy giant Eni for the acquisition of a co-control 49.99% interest in the latter’s carbon capture, utilization, and storage (CCUS) business. The partners in May

about 1 year ago
Al Zuwair LNG vessel; Source: NYK
Business & Finance

QatarEnergy’s LNG carrier fleet becomes one vessel richer

A joint venture encompassing Japanese shipping companies NYK and Kawasaki Kisen Kaisha (K Line), Malaysia’s energy-related maritime services provider MISC, and China LNG Shipping (Holdings) Limited (CLNG) has taken delivery of a new liquefied natural gas (LNG) carrier built for QatarEnergy, as part

about 1 year ago
UK subsea technology and services firm appoints new CEO after a decade
Business & Finance

UK subsea technology and services firm appoints new CEO after a decade

UK-based subsea technology and services company SMD has appointed a new chief executive officer (CEO), after the previous one spent a decade in the role. The new CEO, Kenny Liu, is succeeding Julian Zhu, who led the establishment of SMD’s innovation division and oversaw the expansion of UK facilitie

about 1 year ago
SBM Offshore's FPSO One Guyana at ExxonMobil-operated Yellowtail; Source: Saipem
Business & Finance

Saipem sheds light on its part in early start-up of ExxonMobil’s oil project offshore Guyana

Saipem has landed a helping hand to U.S.-headquartered ExxonMobil to bring online its fourth oil project on the Stabroek block off the coast of Guyana.

about 1 year ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business & Finance

Australia’s upstream industry stepping up gas game with reform proposals

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has come up with a set of proposals aimed at boosting Australia’s natural gas arsenal.

about 1 year ago
FPSO Peregrino; Credit: Felipe Torres/Equinor
Business & Finance

Brazilian FPSO weeks away from restart following oil production shutdown

Norway’s state-owned energy giant Equinor has switched off oil production at its largest operated field outside the European country.

about 1 year ago