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Business & Finance

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FSO Palanca; Source: Stapem Offshore
Business & Finance

Duo in talks to boost stake in two blocks offshore Angola

Afentra has acknowledged the growing media speculating over its alleged attempt to up its stake in two Angolan offshore blocks by confirming its participation in discussions, together with one of its joint venture (JV) partners, to buy the stake of another JV partner.

about 1 year ago
Ten suppliers line up for UK National Grid's HVDC supply chain framework
Business & Finance

Ten suppliers line up for UK National Grid’s HVDC supply chain framework

The National Grid has awarded contracts to ten suppliers as part of a £59 billion high voltage direct current (HVDC) supply chain framework, setting the stage for the delivery of the required works and equipment for key energy projects across the UK. The HVDC supply chain framework was launched in 2

about 1 year ago
Illustration; Source: Jadestone Energy
Business & Finance

Wheels up to get the go-ahead for phased development of gas assets in Southeast Asia

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has handed over a field development plan (FDP) for hydrocarbon discoveries off the coast of Vietnam, Southeast Asia.

about 1 year ago
Puzzle coming together for Western Isles' link to Scottish national electricity transmission network
Business & Finance

Puzzle coming together for Western Isles’ link to Scottish national electricity transmission network

Scottish transmission system operator (TSO) SSEN Transmission has submitted a planning application for a project that encompasses the construction of the converter station and substation for a subsea link that will connect the Western Isles to the national electricity transmission network for the fi

about 1 year ago
PEL 87 location map; Source: Pancontinental
Business & Finance

Operator on the hunt for new partner to bankroll hydrocarbon search offshore Namibia

Pancontinental is on the lookout for a new partner to secure the required funds for exploration drilling in petroleum exploration license (PEL) 87, located in the Orange Basin, off the coast of Namibia, after Australia’s Woodside changed its mind about acquiring an interest in the license.

about 1 year ago
Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia
Business & Finance

Argeo concludes longer-than-expected task for TotalEnergies offshore Namibia

Norwegian subsea service provider Argeo has completed a project offshore Namibia on behalf of French multi-energy major TotalEnergies, with its vessel now demobilizing. Argeo completed its work at TotalEnergies’ Venus project in Namibia’s Orange Basin under a $39 million contract announced in April

about 1 year ago
UniWave200 unit in Grassy Bay on King Island (Courtesy of Wave Swell Energy)
Business & Finance

Wave Swell Energy opens investment round after completing Tasmania trial

Australian company Wave Swell Energy (WSE) has validated its 200 kW wave energy converter (WEC) on King Island, Tasmania, demonstrating the effectiveness of its unidirectional oscillating water column technology. Following this milestone, WSE has opened an investment round to support its next growth

about 1 year ago
MOL orders another dual-fuel VLEC duo for long-term charter with SCGC
Business & Finance

MOL orders another dual-fuel VLEC duo for long-term charter with SCGC

MOL Energia, a subsidiary of MOL, has signed a long-term charter contract with SCG Chemicals for another two very large ethane carriers (VLECs).

about 1 year ago
Alpha Star rig is one of multiple units working for Petrobras offshore Brazil; Source: Constellation Oil Services
Business & Finance

Drilling ops bear fruit as Petrobras finds more hydrocarbons off Brazil

Petrobras has made a hydrocarbon discovery at an exploration well in the pre-salt Santos Basin off the coast of Brazil, South America.

about 1 year ago
Titan delivers bio-LNG to MOL’s vehicle carrier under new deal
Business & Finance

Titan delivers bio-LNG to MOL’s vehicle carrier under new deal

Dutch marine fuels supplier Titan and Japanese shipping company Mitsui O.S.K. Lines (MOL) have completed the first bio-LNG and LNG bunkering operation under a new multi-delivery contract for MOL’s vehicle carrier fleet.

about 1 year ago
Hellenic Cables, Jan De Nul ink deal with UK National Grid for future HVDC cable projects
Business & Finance

Hellenic Cables, Jan De Nul ink deal with UK National Grid for future HVDC cable projects

After South Korean Taihan Cable & Solution, a consortium of Hellenic Cables and Jan De Nul has signed a framework agreement with National Grid becoming the appointed contractors eligible to participate in future HVDC cable projects across the UK and Europe. The agreement enables the consortium to pa

about 1 year ago
Subsea template installation for Halten East; Source: Equinor
Business & Finance

More Norwegian gas for Europe as first segment of two-phase development comes online

Equinor has kicked off production from the first chapter of a gas and condensate project off the coast of Norway, which is envisioned to encompass multiple discoveries developed in two phases.

about 1 year ago
Sale of 504 MW interconnector between Ireland and Great Britain valued at over €1 billion
Business & Finance

Sale of 504 MW interconnector between Ireland and Great Britain valued at over €1 billion

Partners Group, acting on behalf of its clients, has agreed to sell the 504 MW Greenlink subsea electricity interconnector linking Great Britain and Ireland to Baltic Cable AB and Equitix, valuing the project at an enterprise value of over €1 billion. Partners Group acquired a controlling stake in G

about 1 year ago
Stena Immaculate tanker pictured on March 12, 2025; Credit: UK's Maritime and Coastguard Agency
Business & Finance

Pollution ‘no cause for concern’ after oil tanker-cargo ship North Sea allision, UK says

Following a collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, the UK’s Maritime and Coastguard Agency has maintained that it does not foresee a damaging pollution effect from the tanker.

about 1 year ago
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