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Business & Finance

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Business Developments & ProjectsOutlook & StrategyProject & TendersVesselsTransitionFossil EnergyOil & GasRigsClean FuelHydrogenLow-Carbon TransitionOffshore WindProductionInfrastructureVisionAlternative FuelsEnergy Efficiency & InnovationEnergy TransitionGreen MarineLiquefied Natural GasLNGOther FuelsIT & SoftwareTechnologyCablingProduction & ProcessingSubseaExploration & ProductionFPSO & VesselsCarbon Capture Usage & StorageEquipmentSurveys & InterventionsCollaborationInterconnectorsMarket Outlooks
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

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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
FSRU Solidarity; Source: Gaz-System
Business & Finance

FSRU name revealed as Europe’s new LNG terminal edges closer to completion

Poland’s gas transmission system operator (TSO), Gaz-System, has revealed the name of a new floating storage and regasification unit (FSRU), destined to be part of a liquefied natural gas (LNG) terminal located in the Gulf of Gdańsk.

about 2 months ago
Jacket for Tangguh UCC project; Source: BP
Business & Finance

First jacket for BP’s $7 billion gas and CCUS project reaches its destination

BP, a UK-headquartered energy giant, has tucked a new milestone under its belt with the arrival of the first jacket at the installation site in Indonesia out of four offshore pieces undergoing construction for a project featuring enhanced gas recovery (EGR) through carbon capture, utilization, and s

about 2 months ago
Saipem 7000 working on offshore installation campaign at Neptun Deep; Source: Saipem
Business & Finance

Saipem highlights ‘key’ offshore installation milestone at Europe’s mega gas development

Italy’s engineering, drilling, and construction services giant Saipem has confirmed the wrap-up of an offshore installation campaign, which has put a new production platform in place at a multibillion-euro natural gas project in the Romanian waters of the Black Sea.

about 2 months ago
GEOxyz brings survey expertise to South Korea through local partnership
Business & Finance

GEOxyz brings survey expertise to South Korea through local partnership

Belgium-headquartered GEOxyz is bringing its capabilities to South Korea with the establishment of a strategic partnership with local companies for the provision of offshore survey services. GEOxyz reported today, July 23, that it had signed a memorandum of understanding (MoU) with SKY Offshore and

about 2 months ago
Half of cabling in place for first UK-Germany energy link
Business & Finance

Half of cabling in place for first UK-Germany energy link

With over 350 kilometers of offshore and onshore cable laid, the NeuConnect high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany has reached the halfway point in its cabling program. The milestone comes as NeuConnect marks the third anniv

about 2 months ago
Abeona CCS
Business & Finance

Worley takes pre-FEED role on Roman goddess-named Dutch North Sea CCS project

Australia’s engineering firm Worley has been tasked with carrying out the pre-front-end engineering design (pre-FEED) work for a carbon capture and storage (CCS) project bearing the name of a Roman goddess in the Dutch sector of the North Sea, as the Netherlands’ depleted offshore fields are being t

about 2 months ago
DOF sells four PSVs, buys two newbuild CSVs to further optimize fleet
Business & Finance

DOF sells four PSVs, buys two newbuild CSVs to further optimize fleet

Norway’s DOF Group is selling four platform supply vessels (PSVs) and buying two construction support vessels (CSVs) as part of further fleet optimization and high-grading strategy. The PSVs Skandi Mongstad (2008-built), Skandi Flora (2009), Skandi Feistein (2011) and Skandi Kvitsøy (2012) are expec

about 2 months ago