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Business & Finance

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Financial go for first stage of Australian 1.5 GW interconnector
Business & Finance

Financial go for first stage of Australian 1.5 GW interconnector

Marinus Link, a 1.5 GW, 345-kilometer power interconnector project in Australia, has reached the final investment decision (FID) to proceed with the project’s first stage. The project, to be built in two 750 MW stages, will link North West Tasmania and the Latrobe Valley in Victoria, with 255 kilome

about 1 year ago
Oceaneering upgrades its vessel to perform simultaneous autonomous survey ops
Business & Finance

Oceaneering upgrades its vessel to perform simultaneous autonomous survey ops

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U.S. subsea engineering and applied technology firm Oceaneering International has upgraded its 77-meter-long research vessel, launched in 2000, to perform simultaneous autonomous survey operations. Ocean Intervention II, purpose-built for geophysical and geotechnical surveys, underwent upgrades in e

about 1 year ago
Another Solstad CSV to work for Petrobras, deal worth $108M
Business & Finance

Another Solstad CSV to work for Petrobras, deal worth $108M

Norwegian shipping company Solstad Offshore has secured another contract with Brazilian oil & gas company Petrobras for a construction support vessel (CSV). The CSV Normand Commander will be on a bareboat contract from the vessel owner Solstad Maritime (SOMA) to Solstad Offshore, who holds the contr

about 1 year ago
Van Oord kicks off dredging works for Poland’s FSRU terminal in Gulf of Gdańsk; Source: Gaz-System
Business & Finance

Van Oord on dredging mission to lay the groundwork for Europe’s next FSRU

Dutch marine contractor Van Oord has set off on a dredging quest to prepare the site where Poland’s floating storage and regasification unit (FSRU) will be stationed as part of a liquefied natural gas (LNG) terminal in the Gulf of Gdańsk, representing a new gas entry point for the European country.

about 1 year ago
An offshore platform
Business & Finance

BP and Eni set their cap on stepping up Mediterranean oil & gas game

Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue hydrocarbon exploration activities in the Mediterranean Sea, which will lend Egypt a helping hand in augmenting the Middle Eastern country’s oil and gas production volume.

about 1 year ago
Skandi Fluminense; Source: DOF
Business & Finance

Petrobras books DOF vessel duo on multi-year gigs in Brazilian waters

DOF Group has landed a set of long-term assignments off the coast of Brazil for two anchor handling tug supply (AHTS) vessels with the country’s state-owned energy giant Petrobras.

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

UK player’s decarbonization tech kicks off its test run at ADNOC’s oil & gas assets

Oxford Flow, the UK-headquartered valve solution and flow control equipment specialist, has embarked on a trial of its new valve technology at two oil and gas assets operated by the UAE-headquartered Abu Dhabi National Oil Company (ADNOC) to demonstrate the commercial and environmental benefits of t

about 1 year ago
Digital rendering of Port Arthur LNG Project phase 1 and 2; Credit: Sempra
Business & Finance

More US LNG for JERA as Sempra scores 20-year offtake from export terminal in Texas

Sempra Infrastructure, a subsidiary of North America’s energy infrastructure company Sempra, has signed a multi-year sale and purchase agreement with Japan’s JERA for the supply of liquefied natural gas (LNG) from the second phase of its LNG export terminal under development in Port Arthur, Southeas

about 1 year ago
Fugro picks up survey contracts for UAE field developments
Business & Finance

Fugro picks up survey contracts for UAE field developments

The Netherlands-headquartered Fugro has secured a series of contracts for offshore and onshore site surveys in the United Arab Emirates, supporting two of the country’s largest energy field development programs. Work is set to begin in August 2025. The scope includes geophysical and geotechnical inv

about 1 year ago
Harmony platform; Source: BSEE
Business & Finance

Plans for California’s offshore oil platform trio to be back online by year-end fuel opposition as new entrants join legal fight

With a decade-long wait coming to an end once a platform off the coast of California switched back to oil production mode, the U.S. Interior Department has revealed a timeline for the resumption of oil output from two more platforms. As environmental groups are opposed to the restart of the platform

about 1 year ago
CMA CGM
Business & Finance

Finnish cleantech company Hycamite receives financial backing from CMA CGM

Hycamite TCD Technologies, a Finland-based cleantech company specializing in low-carbon hydrogen production, has welcomed CMA CGM, a France-based shipping and logistics major, as a new strategic investor.

about 1 year ago
ZTT Submarine Cable & System China
Business & Finance

New 500 kV submarine cable contract to keep ZTT busy offshore China

ZTT Submarine Cable & System (ZTTSC) has secured a 500 kV submarine cable contract for Shenzhen Energy’s 500 MW Honghai Bay VI offshore wind project in China. The engineering, procurement, construction, and installation (EPCI) contract encompasses 94 kilometers of 500 kV 3-core HVAC submarine cables

about 1 year ago
Port of Nigg’s owner passes the baton to Japanese investor
Business & Finance

Port of Nigg’s owner passes the baton to Japanese investor

Global Energy Group (GEG) has concluded an agreement with Japanese company Mitsui & Co. for the sale of its group companies, including The Port of Nigg.

about 1 year ago
Mark Rasmusen and Barry Summers shaking hands
Business & Finance

IKM Testing gets €26M in new contracts, appoints regional director

IKM Testing UK, a company within the IKM Group, has appointed Barry Summers as its new Regional Director, following the retirement of Mark Rasmusen. The move comes as the company reports £23 million (approximately €26,5 million) in new contract awards during the first half of 2025, just 14% short of

about 1 year ago