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Business & Finance

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Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron and Egypt discuss next steps to speed up Mediterranean gas project

Egypt is putting its foot on the gas pedal in a bid to fast-track its Mediterranean energy hub ambitions by holding high-level talks with the U.S.-headquartered energy giant Chevron to secure an accelerated timeline to link its infrastructure to a gas field off the coast of Cyprus.

3 days ago
Van Oord names its subsea rock installation duo being built in China
Business & Finance

Van Oord names its subsea rock installation duo being built in China

Van Oord has named its two new subsea rock installation vessels (SRIVs) Vindnes and Vestnes, in line with the names of other vessels in the company’s SRIV fleet. The SRIV duo, being constructed in China at the Yantai CIMC Raffles Offshore shipyard, was designed by Norway’s Ulstein, will be equipped

3 days ago
Deepsea Yantai; Source: Odfjell Drilling
Business & Finance

Go-ahead for DNO’s North Sea drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player DNO has secured the thumbs-up from the country’s authorities for drilling activities in the North Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

3 days ago
WATCH: Construction starts on ‘world’s most powerful’ trenching support vessel
Business & Finance

WATCH: Construction starts on ‘world’s most powerful’ trenching support vessel

China Merchants Heavy Industry (CMHI) has started the construction of the first of two Asso.subsea’s trenching support vessels (TSV), described as the most powerful TSV ever built. Asso.subsea reported on September 23 that the steel-cutting ceremony was held for the TSV Avra at the CMHI Shenzhen shi

4 days ago
Puteri Kelantan LNG carrier; Source: K Line
Business & Finance

Petronas expands fleet with delivery of newbuilt LNG carrier

Petronas LNG Ltd. (PLL), a subsidiary of Malaysia’s energy giant Petronas, has added a new vessel to its liquefied natural gas (LNG) fleet with the delivery of the newly built LNG carrier (LNGC), which was built at Hudong-Zhonghua Shipbuilding and is designed to bolster reliable global LNG deliverie

4 days ago
Fugro secures more work in Timor-Leste alongside new contract in Australia
Business & Finance

Fugro secures more work in Timor-Leste alongside new contract in Australia

Dutch Fugro has secured additional survey contracts offshore Timor-Leste that will support the planning and development of critical offshore energy infrastructure associated with two gas developments. In addition to the geophysical contract announced in July, Fugro has secured two further awards fro

4 days ago
Bahamas studying ocean thermal energy conversion potential
Business & Finance

Bahamas studying ocean thermal energy conversion potential

A consortium of Global OTEC, a UK-based pioneer in ocean thermal energy conversion (OTEC) development, and the Oceanic Platform of the Canary Islands (PLOCAN) has been selected to study a site in the Bahamas for OTEC. This has been requested by the Government of the Bahamas to provide an evidence ba

4 days ago
Man looking at an offshore platform
Business & Finance

Expro lines up 14-well Canadian offshore life-extension campaign

U.S.-headquartered energy services provider Expro has won a multimillion-dollar deal to provide integrated well services for a major life-extension campaign off the coast of Newfoundland, Canada.

4 days ago
Nigeria LNG; Source: Oil and Gas Free Zones Authority (OGFZA)
Business & Finance

TotalEnergies greenlights gas project to feed one-third of Nigeria LNG train expansion

France’s energy giant TotalEnergies and its Nigerian local partner AMNI have decided to move forward with the development of a gas field off the African country’s coast, as a low-emission project set to supply roughly one-third of the feedstock required for the nation’s next liquefied natural gas (L

4 days ago
Construction ramps up at Orkney Islands’ first link to UK mainland
Business & Finance

Construction ramps up at Orkney Islands’ first link to UK mainland

Nexans has started the installation of the underground land cable for an electricity interconnector that will connect the Orkney Islands to the UK mainland for the first time. Orkney Link, developed by SSEN Transmission, will comprise a new substation being built at Finstown, approximately 14 kilome

4 days ago
Cherne is entering a new chapter; Source: DORIS
Business & Finance

Perenco on offshore platform electrification quest to power Brazil’s shallow-water fields from shore

In a bid to strike a balance between maximizing asset longevity and curbing greenhouse gas (GHG) emissions, Perenco Brasil, a subsidiary of Anglo-French oil and gas player Perenco, is joining forces with Porto do Açu to bring shore power directly to its offshore fields in the Campos Basin off the co

4 days ago
Subsea Cable Assets wins first contract with Saipem, worth $20 million
Business & Finance

Subsea Cable Assets wins first contract with Saipem, worth $20 million

Netherlands-headquartered Subsea Cable Assets (SCA) has won its first contract with Saipem for cable transportation and transpooling services in the Caspian region, valued at approximately $20 million. Under the contract secured with Saipem Contracting Netherlands BV, SCA will provide engineering, s

4 days ago
Equinor ordered to address organisational, technical and safety challenges at North Sea platform
Business & Finance

Allseas books ABL for 60,000-ton topside single-lift ops in next North Sea decom chapter

Energy and marine consultancy ABL, part of Oslo-listed global consultancy group Aqualis, has been hired by Switzerland-based offshore contractor Allseas to support the lifting of a massive 60,000-ton topside in a single motion as part of a North Sea decommissioning project on the Norwegian Continent

5 days ago
WATCH: Dutch methanol-ready subsea rock installation vessel launched
Business & Finance

WATCH: Dutch methanol-ready subsea rock installation vessel launched

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has launched its first of two subsea rock installation (SRI) vessels. The company announced in November 2024 that it had placed an order for the construction of two

5 days ago
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