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Business & Finance

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In push to strengthen Europe's energy grid, EIB backs first Spain-France subsea link with €1.6B
Business & Finance

In push to strengthen Europe’s energy grid, EIB backs first Spain-France subsea link with €1.6B

The European Investment Bank (EIB) is supporting the construction of the first submarine electricity interconnection between Spain and France with €1.6 billion, in a push to improve the reliability of power supply among France, Spain and Portugal and with the rest of Europe. Delivered by Inelfe, a j

about 1 year ago
FPSO Atlanta joined the Malaysian FPSO player's fleet as the third managed unit operating off the coast of Brazil; Source: Yinson Production
Business & Finance
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With $1 billion investment in hand, Yinson Production all set for further growth

Malaysia’s Yinson Production has ticked all the items off the list to bolster its financial position and drive growth by finishing the work related to a $1 billion investment secured with a consortium of international investment firms.

about 1 year ago
MoU signed to advance Fujairah’s maritime ecosystem and attract investment
Business & Finance

MoU signed to advance Fujairah’s maritime ecosystem and attract investment

Fujairah Terminals, a subsidiary of the UAE-based terminal operator AD Ports Group, and the Fujairah Free Zone Authority (FFZA) have signed a memorandum of understanding (MoU) to attract investment, streamline operations, and promote sustainable growth within Fujairah’s maritime ecosystem.

about 1 year ago
Fugro names news Group Director for Europe and Africa, joins marine carbon dioxide removal project
Business & Finance

Fugro names new Group Director for Europe and Africa, joins marine carbon dioxide removal project

Fugro has appointed Niels Schallenberg as Group Director Europe & Africa, effective July 1, following Erik-Jan Bijvank’s decision to step down from the position in order to pursue opportunities outside the company. The Dutch company reported last month that Bijvank was stepping down from the positio

about 1 year ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

As fourth rig returns to work, Odfjell Drilling winds down its fleet’s planned SPS scope

Odfjell Drilling, a 52-year-old offshore drilling player, has confirmed the wrap-up of a special period survey (SPS) for another semi-submersible rig that was on the agenda this year.

about 1 year ago
Hoover Diana development; Source: EnerMech
Business & Finance

ExxonMobil entrusts EnerMech with deepwater decom job at oil & gas project in US Gulf

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has secured a new decommissioning assignment for a 25-year-old oil and gas project in the Gulf of America, formerly the U.S. Gulf of Mexico.

about 1 year ago
GC Rieber
Business & Finance

GC Rieber Shipping to build zero-emission freighter

Norwegian shipping company GC Rieber Shipping has entered into a letter of intent for the construction of a fully electric battery-powered freight carrier.

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

TotalEnergies strengthens ties with Chevron by expanding US oil & gas offshore footprint

TotalEnergies has decided to enlarge its American oil and gas portfolio by acquiring interests in 40 exploration blocks that Chevron currently operates.

about 1 year ago
REAV-47 USV; Source: HydroSurv
Business & Finance

Battery-hybrid USV order takes UK’s HydroSurv to West African waters

UK-based uncrewed surface vehicle (USV) technology player, HydroSurv, has sold a USV to Nigeria’s offshore survey services provider, Geodetic Offshore Services Limited (GOSL), for hydrographic and geophysical survey activities.

about 1 year ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

TotalEnergies follows US expansion with move to spread its Southeast Asia gas wings

TotalEnergies has augmented its oil and gas arsenal by buying stakes in multiple blocks offshore Malaysia and one block off the coast of Indonesia, which enables it to boost its strategic partnership with Petronas, bolstering its position in Southeast Asia’s natural gas market.

about 1 year ago
An offshore rig
Business & Finance

UK firm’s Southeast Asia drilling ops get bumped to next year

UK-based and AIM-listed Sunda Energy, formerly Baron Oil, has confirmed a delay for its drilling campaign on a gas field off the coast of Timor-Leste.

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

SLB rolls out suite of carbon storage offerings to step up decarbonization game

U.S.-headquartered technology player SLB has unveiled a full value chain carbon storage toolbox to enhance the advancement of the industrial decarbonization journey.

about 1 year ago
Enova
Business & Finance

Seven electric ships, four charging stations to get €31.6M in Enova support

Enova, a Norwegian government enterprise, has decided to support seven electric vessels and four charging facilities with around NOK 362 million (about €31.6 million).

about 1 year ago
Courtesy of DNO
Business & Finance

Fourfold production uptick for DNO’s North Sea oil & gas business after Sval buy

Norwegian oil and gas operator DNO has brought Sval Energi, a compatriot company, into its fold, enlarging its North Sea portfolio and quadrupling its oil and gas production levels.

about 1 year ago