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Business & Finance

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UK CO2 storage project that will reuse existing infrastructure secures lease
Business & Finance

UK CO2 storage project that will reuse existing infrastructure secures lease

Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbo

about 2 months ago
Browse to North-West Shelf project development concept; Source: Woodside
Business & Finance
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Australia’s ‘largest untapped’ conventional gas resource gets significant project status

The Western Australian Government has granted State Significant Project status to a Woodside Energy-operated offshore development project, described as Australia’s largest untapped conventional gas resource. With a forecast production capacity of 11.4 MTPA and a peak condensate production rate of 50

about 2 months ago
Eni strengthens team for Côte d’Ivoire project with Saipem now on board
Business & Finance

Eni strengthens team for Côte d’Ivoire project with Saipem now on board

Italy’s energy giant Eni has continued its contract awards spree for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with Saipem having been selected for the delivery of rigid pipelines and associated subsea structures. Baleine Phase 3 will increase total field p

about 2 months ago
Illustration; Source: Saipem
Business & Finance

Saipem-Subsea7 merger under the microscope as EU flags competition concerns

A proposed merger between Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and s

about 2 months ago
FPSO Cidade de Itajai is operating on the Baúna field - Karoon
Business & Finance

FPSO efficiency at Brazilian oil field surpasses target range to hit 97%

Karoon Energy, an ASX-listed oil and gas exploration and production company, has confirmed an uptick in operating efficiency at a floating production, storage, and offloading (FPSO) unit deployed on an oil field off the coast of Brazil.

about 2 months ago
Shipbuilding takes digital leap with virtual platform to connect entire process
Business & Finance

Shipbuilding takes digital leap with virtual platform to connect entire process

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediary holding company for HD Hyundai’s shipbuilding business, has signed a definitive agreement with Siemens Digital Industries Software for the implementation of a next-generation marine platform that will digitally connect the enti

about 2 months ago
Who Dat; Source: Delmar
Business & Finance

Harbour Energy’s US arm advances repair plan after riser leak at Gulf of America oil & gas asset

U.S.-headquartered LLOG Exploration, a subsidiary of Harbour Energy, has seen a drop in output at its asset in the Gulf of America (U.S. Gulf of Mexico) following a riser leak; however, the start-up of a sidetrack well is supporting near-term production, as the company and its joint venture (JV) par

about 2 months ago
Allseas’ large 28-year-old pipelayer returns to sea after major 10-month upgrade
Business & Finance

Allseas’ large 28-year-old pipelayer returns to sea after major 10-month upgrade

Allseas’ Solitaire, one of the world’s largest pipelay vessels, is heading back to sea following a ten-month renewal and upgrade program that further advances its installation capabilities and production efficiency. It was announced last year that the 397-meter-long vessel, operational since 1998, w

about 2 months ago
EemsEnergyTerminal in Eemshaven; Courtesy of Gasunie
Business & Finance

Gasunie launches tender for 10-year offshore wind PPA in Netherlands

Dutch gas infrastructure company Gasunie has launched a public tender seeking a long-term power purchase agreement (PPA) from a new-build offshore wind farm as part of its target to source 40% of its energy from carbon-free sources by 2030. Through the tender, Gasunie is seeking to procure 40 MW of

about 2 months ago
Man looking at an offshore platform
Business & Finance

Expro eyeing market growth after broadening drilling tech offering with acquisition of Norwegian firm

U.S.-headquartered energy services provider Expro has brought Enhanced Well Technologies Group (Enhanced Drilling) into its fold, extending its drilling technology capabilities.

about 2 months ago
North Sea pilot project produces first green hydrogen on operational platform
Business & Finance

North Sea pilot project produces first green hydrogen on operational platform

PosHYdon, the first project in the world to combine offshore wind power, hydrogen production, and natural gas production at sea, has started the production of green hydrogen on an operational offshore platform in the North Sea. The Q13a-A platform, operated by Eni Energy Netherlands, is located appr

about 2 months ago
LNG vessel; Source: GTT
Business & Finance

GTT’s integrated digital toolkit enhances Petronas-chartered LNG vessel fleet

GTT Marine, a division of France’s Gaztransport & Technigaz (GTT), has been tasked with deploying its integrated vessel performance solutions across a fleet of liquefied natural gas (LNG) carriers (LNGC) on hire with Malaysia’s energy giant Petronas.

about 2 months ago
KOIL Energy Solutions wins contract in Brazil, sees more opportunities in the market
Business & Finance

KOIL Energy Solutions wins contract in Brazil, sees more opportunities in the market

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has secured its first subsea umbilical maintenance campaign in Brazil. The contract covers the re-termination and testing of umbilical elements, including chemical injection and hydraulic control lines, as well as el

about 2 months ago
FSO PTSC Lac Da Vang (FSO PTSC LDV); Source: OceanStar Elite
Business & Finance

Yinson Production and PTSC’s FSO heads off to Southeast Asian oil project

A floating storage and offloading (FSO) unit has left a shipyard where it was undergoing construction and set sail toward an oil field off the coast of Vietnam, Southeast Asia.

about 2 months ago