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Business & Finance

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Energy Intelligence LNG carrier; Source: Alpha Gas
Business & Finance

Wärtsilä picks up lifecycle optimization job for LNG vessel duo

Wärtsilä has landed a multi-year deal to provide enhanced operational support for two liquefied natural gas (LNG) carriers (LNGC) with Athens-based LNG management company, Alpha Gas.

about 1 year ago
NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico
Business & Finance

NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico

NEXTCHEM has been awarded about €210 million basic engineering and critical proprietary equipment supply contract for the low-carbon methanol project, Pacifico Mexinol, located in Sinaloa, Mexico.

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about 1 year ago
Courtesy of DNO
Business & Finance

North Sea offtake with Norwegian player bringing more gas to ENGIE

DNO has got its hands on an offtake agreement with France’s ENGIE for its Norwegian gas production and a related offtake financing facility with a U.S. bank.

about 1 year ago
WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam
Business & Finance

WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam

An energy subsea construction vessel (ESCV) being built in Vietnam for Norwegian shipping company Rem Offshore has hit the water one month ahead of schedule. Once delivered next year, the vessel will perform heavy construction work in offshore wind and subsea arenas with net-zero emissions. Followin

about 1 year ago
FPSO Maria Quitéria; Source: Yinson Production
Business & Finance

Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has placed a bond for a floating, production, storage, and offloading (FPSO) unit working at an oil field in the pre-salt Campos Basin offshore Brazil.

about 1 year ago
Newly formed Houston firm sheds subsea tree business to focus on core product lines
Business & Finance

Newly formed Houston firm sheds subsea tree business to focus on core product lines

Innovex International, a Houston-based provider of products and technologies to the oil & gas industry, established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has completed the divestment of its Subsea Tree product line to compatriot Trendsetter Engineering in an all-cash tra

about 1 year ago
NAGA 5 rig; Source: Velesto
Business & Finance

15-well drilling campaign in Malaysian waters goes to Velesto rig

Velesto Drilling, a subsidiary of Velesto Energy, has won a new multi-well drilling assignment for one of its jack-up rigs off the coast of Malaysia, Southeast Asia.

about 1 year ago
In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway
Business & Finance

In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway

In response to an increasing need for safeguarding critical maritime infrastructure due to ongoing geopolitical uncertainty and an increasingly dynamic risk picture, Norway’s KONGSBERG has opened a maritime test bed for protecting potentially vulnerable infrastructure such as subsea pipelines, power

about 1 year ago
PowerCell
Business & Finance

PowerCell lands order for new MS-500 marine fuel cell system

PowerCell has signed a SEK 44 million (around $4.626 million) agreement with an undisclosed Italian marine OEM for the development and delivery of a new MS-500 marine fuel cell system.

about 1 year ago
LDA
Business & Finance

As new stakeholder joins, LDA ready to future-proof business with €1B investment

InfraVia, a France-based private equity company, has completed the acquisition of an 80% majority stake in compatriot maritime company Louis Dreyfus Armateurs (LDA).

about 1 year ago
$75 million earmarked to level up Norwegian emission-free shipping game
Business & Finance

$75 million earmarked to level up Norwegian emission-free shipping game

Norwegian government enterprise Enova has awarded approximately NOK 763 million ($75.5 million) to projects developing hydrogen- and ammonia-powered vessels in the latest round of investments in emission-free shipping.

about 1 year ago
Saipem 10000 drillship
Business & Finance

One well down, as Saipem drillship moves to another to unlock more gas at Eni’s field

Eni has completed the drilling of a well at a natural gas field in the Mediterranean off the coast of Egypt, using a drillship from the rig fleet of Saipem, a compatriot engineering, drilling, and construction services player.

about 1 year ago
Reach Subsea boosts order backlog thanks to contracts worth €31.2M
Business & Finance

Reach Subsea boosts order backlog thanks to €31.2M worth of contracts

Norway’s Reach Subsea has secured multiple new contracts and call-offs within the scope of existing frame agreements, all with an estimated value of NOK 370 million (around €31.2 million). The contracts are set to begin in the third and fourth quarters of 2025 in the North Sea and European regions.

about 1 year ago
Selene prospect was drilled with the Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Viaro Energy broadens its UK oil & gas horizons in North Sea with Deltic buy

London-based independent upstream player Viaro Energy is expanding its oil and gas portfolio in the UK sector of the North Sea through the acquisition of Deltic Energy, an AIM-listed natural resources investing company.

about 1 year ago