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Business & Finance

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Fossil EnergyOil & GasBusiness Developments & ProjectsExploration & ProductionProduction & ProcessingSubseaCollaborationIT & SoftwareOutlook & StrategyProject & TendersTechnologyVessels & VehiclesVesselsAlternative FuelsClean FuelGreen MarineMethanolLiquefied Natural GasRigsAuthorities & GovernmentRegulation & PolicyInnovationLow-Carbon TransitionCarbon Capture Usage & StorageTransitionCablingEquipmentSafety
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
EIVA and Terradepth have partnered to integrate Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software
Business & Finance

Terradepth and EIVA integrate platforms to speed up subsea data delivery

Denmark-based EIVA and U.S. provider of ocean data management solutions Terradepth have partnered to integrate Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software, aiming to automate the full subsea-to-cloud data workflow. According to Terradepth, the integration is designed to acce

about 1 year ago
MPSV Harvey Deep Sea; Source: Harvey Gulf International Marine
Business & Finance

Oceaneering picks up subsea IMR and installation job for vessel in Gulf of Mexico

Oceaneering has secured a vessel services agreement with an undisclosed operator for the use of a 12-year-old multi-purpose supply vessel (MPSV) in the Gulf of Mexico.

about 1 year ago
US approves OCI Global’s sale of methanol business to Methanex
Business & Finance

US approves OCI Global’s sale of methanol business to Methanex

OCI Global, has received U.S. regulatory approval for the sale of its global methanol business, OCI Methanol, to Methanex Corporation.

about 1 year ago
Rendering of Rio Grande LNG; Source: NextDecade
Business & Finance

$9 billion deals for US LNG project land on Bechtel’s worksheet in Lone Star State

NextDecade Corporation has revealed a price change for a previous contract and a new multibillion-dollar deal with Bechtel Energy, an American engineering, procurement, construction, and project management company, enabling the U.S. contractor to handle work on two trains for a liquefied natural gas

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

ConocoPhillips pinpoints potential drilling sites for 2025 two-well gas search

ConocoPhillips has revealed three possible drilling locations for its two-well gas exploration campaign in the Otway Basin off the coast of Australia.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Business & Finance

Baltic CO2 storage project gets EU funding

The European Commission has signed a grant agreement with Lithuanian liquefied natural gas (LNG) terminal operator KN Energies (KN) for technical and commercial studies for a planned CO2 terminal in Klaipėda, Lithuania.

about 1 year ago
Karratha gas plant; Courtesy of Woodside
Business & Finance

Talks about 40-year continuation of Australia’s mega gas project draw out

Woodside Energy, has made arrangements with the federal government to continue discussions about the proposed requirements for environmental approval of a lifespan extension for its mega gas project off the Australian coast, enabling it to run until 2070.

about 1 year ago
NKT T3600 subsea trencher; Source: NKT
Business & Finance

NKT’s subsea trencher coming to fortify offshore power cable infrastructure

NKT has poured funds into the construction of a tool it describes as the world’s most powerful subsea trencher, which is expected to strengthen the offshore power cable ecosystem to ensure the security of supply and the transition to renewable energy.

about 1 year ago
Meriaura
Business & Finance

Finland’s Meriaura returns to family ownership

Finnish shipping company Meriaura has been returned to family ownership under Meriaura Invest Oy’s 100% ownership.

about 1 year ago
Viking CCS project; Source: Harbour Energy
Business & Finance

UK throws support behind carbon capture and storage pair set to unlock $34 billion by 2035

Offshore Energies UK (OEUK), has deemed the UK’s backing of carbon capture, usage, and storage (CCUS) projects as an important step for the domestic offshore energy industry, as the country works to bankroll its transition from oil and gas to low-carbon technology.

about 1 year ago
Type test qualification of 132kV subsea cables wraps up; Source: JDR
Business & Finance

JDR makes headway with quantifications of subsea cables for offshore energy use

JDR Cable Systems, part of TFKable Group, has finished the type test qualifications for next-generation 132 kV subsea cables designed for offshore energy applications, especially in the fixed and floating offshore wind projects, where it is expected to enable the deployment of larger turbines by dou

about 1 year ago
COSL Prospector rig; Credit: COSL Drilling Europe
Business & Finance

COSL rig set to spin the drill bit in Norwegian waters next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

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

ADNOC, Inpex, Eni, PTTEP, and Pakistan’s PIOL emerge as winners of three oil & gas blocks

The Supreme Council for Financial and Economic Affairs (SCFEA) has handed out three separate oil and gas production concessions to the UAE-based Abu Dhabi National Oil Company (ADNOC) and its partners, including Japan’s Inpex Corporation, Italy’s Eni, Thailand’s PTTEP, and Pakistan International Oil

about 1 year ago
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