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Business & Finance

South Korean cable maker gains access to £21.3B in projects through deal with UK’s National Grid

South Korean Taihan Cable & Solution has signed a framework agreement with UK power transmission and distribution company National Grid UK for high-voltage direct current (HVDC) cable systems, securing participation opportunities in projects valued at approximately £21.3 billion over up to eight yea

about 1 year ago

Transocean Equinox rig; Source: Transocean

Business & Finance

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Seabed surveys on ConocoPhillips’ agenda for April ahead of drilling ops offshore Australia

ConocoPhillips has penciled in the start of seabed surveys next month to find drilling locations for its upcoming Otway exploration drilling program (OEDP), envisioned to discover more Australian gas with a semi-submersible rig owned by Transocean, a Switzerland-based offshore drilling contractor.

about 1 year ago

Business & Finance

NKT marks key milestone in Greek power cable project, reports progress on Taiwan’s first subsea cable factory

Denmark-headquartered power cable manufacturer and installation company NKT has achieved one of the final milestones for Greece’s Attica-Crete power cable project with the completion of the site acceptance test. Described as the largest electricity transmission project in Greece, with a budget excee

about 1 year ago

Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth

Business & Finance

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago

Business & Finance

WaveX seeks investment for next wave energy development phase

Australian wave energy company WaveX is seeking a SEED investment round to fund the next development phase, aiming to scale up its wave energy technology. The company plans to deploy a large-scale steel prototype in southern Western Australia to demonstrate consistent and reliable electricity produc

about 1 year ago

Business & Finance

Prysmian brings ‘first major contract’ to Helix Robotics’ subsea trencher

Helix Robotics Solutions, the robotics division of U.S.-headquartered offshore energy services provider Helix Energy Solutions Group, has secured a contract with Italian cable systems giant Prysmian for its T1400-2 trencher. The contract will see the trencher perform post-installation cable burial o

about 1 year ago

Caofeidian 6-4 oilfield comprehensive adjustment project; Source: CNOOC

Business & Finance

Two more projects online as Asian giant pursues ‘green and low-carbon’ oil & gas development

CNOOC has brought on stream two oilfield projects off the coast of China, with the help of so-called intelligent technologies, which are said to unlock the doors of low-emission hydrocarbon development.

about 1 year ago

Business & Finance

$5 billion loan dusting off the cobwebs from TotalEnergies’ stalled $20B LNG project

Following a years-long hiatus, a multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique is shaking the rust off its development by getting back on track with a loan of nearly $5 billion secured from the newly appointed board of the Export-Import Bank of the United States

about 1 year ago

Kongsberg Maritime signs contract for the design of two multipurpose subsea vessels; Source: Kongsberg Maritime

Business & Finance

Methanol-ready subsea vessel pair with battery hybrid tech lands on Kongsberg’s worksheet

Kongsberg Maritime has won a new design and equipment assignment for two multipurpose subsea vessels envisioned to be methanol-ready dual-fuel ships, sporting battery hybrid technology, which are set to be built for multiple purposes and optimized for advanced offshore operations under rough conditi

about 1 year ago

Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)

Business & Finance

Partners stand firm in opposition to Guyana pulling the plug on offshore license

Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, have called on the Guyanese government to engage in talks and iron out the issues surrounding a license in the Corentyne block off the coast of Guyana.

about 1 year ago

Business & Finance

Norwegian firm getting a stake in North Sea prospect ahead of drill-or-drop decision

OKEA and Aker BP have struck a deal, which enables the former to get an interest in a prospect the latter is contemplating to drill with the aim of finding more hydrocarbons in the North Sea off the coast of Norway.

about 1 year ago

Business & Finance

ExxonMobil’s oil & gas exploration gets uplift with ‘cutting-edge’ 4D seismic tech and supercomputer

ExxonMobil is buoyed by the possibility of cutting seismic processing time from months to weeks with 4D seismic technology, in combination with high-performance computing (HPC), which will bolster the firm’s subsurface capabilities.

about 1 year ago

Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture company.

Business & Finance

Wavepiston secures €900K investment for wave energy expansion

Danish wave energy firm Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture (JV) company. The Blue Line is backed by Connect the Drops, a Dutch investment fund focused on the water sector, and Unknown Group, a venture capital firm

about 1 year ago

AH Skandi Skansen (for illustration purposes); Source: DOF Group

Business & Finance

DOF picks up FPSO installation gig with mystery client

Norway’s vessel owner DOF Group has won a floating production, storage, and offloading (FPSO) installation assignment with an undisclosed operator.

about 1 year ago