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Business & Finance

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High demand brings TGS four acquisition projects offshore Norway
Business & Finance

High demand brings TGS four acquisition projects offshore Norway

Norway-based energy data and intelligence company TGS has secured four 4D streamer contract acquisition projects offshore Norway, three in the North Sea and one in the Barents Sea. The North Sea campaign is set to start in early Q2 with back-to-back scheduling and a total duration of approximately 1

about 1 year ago
Vela drillship (former West Vela); Source: Diamond Offshore, now part of Noble Corporation
Business & Finance
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Seadrill drillship strikes oil & gas in US Gulf of Mexico enabling Talos to eye production start-up next quarter

Talos Energy has made a new oil and natural gas discovery in the U.S. Gulf of Mexico, thanks to its ongoing drilling activities with a drillship owned by Seadrill.

about 1 year ago
Deepsea Bollsta rig; Source: Equinor
Business & Finance

Chevron ends in the same boat as Shell with no commercial hydrocarbons off Namibia

Chevron has drilled an exploration well in the Orange Basin off the coast of Namibia, which did not yield any commercial hydrocarbon quantities.

about 1 year ago
Keel laying marks official construction start of NKT's second cable layer
Business & Finance

Keel laying marks official construction start of NKT’s second cable layer

Danish power cable manufacturer and installation company NKT has marked the official start of construction of its new cable-laying vessel (CLV) NKT Eleonora with the keel laying ceremony, some two months after the first steel was cut for the vessel. The official keel laying of NKT Eleonora took plac

about 1 year ago
A photo of the panelists at the Green Growth session at OEEC 2024
Business & Finance

Deputy Head of Research Unit at EU’s DG Energy: ‘Relying on targets and assuming jobs and growth will follow does not work’

Relying only on renewable energy targets and expecting the industry and economic growth would follow “does not work”, Mark van Stiphout, Deputy Head of Unit for Research, Innovation, Competitiveness and Digitalisation at European Commission’s DG Energy, said during a panel session about green growth

about 1 year ago
Ksi Lisims LNG concept; Source: Western LNG
Business & Finance

Multimillion-dollar investment smoothing the way for Canada’s $9 billion LNG megaproject to reach FID

Canada’s proposed 12-million-tonne-per-year liquefied natural gas (LNG) project on Pearse Island at the northwest coast of British Columbia (B.C.) is off to a great start in 2025 with new equity funding in place to fully support remaining development activities through to a final investment decision

about 1 year ago
Amogy secures additional $56 million to commercialize its ammonia-to-power solution
Business & Finance

Amogy secures additional $56 million to commercialize its ammonia-to-power solution

Amogy has raised $56 million in venture financing to accelerate commercializing its technology in markets such as maritime and stationary power generation.

about 1 year ago
Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract
Business & Finance

Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract

Nexans has secured the contract for the LanWin2 offshore grid connection in Germany, valued at €1 billion, under the framework agreement TenneT awarded the French subsea cable supplier in May 2023. The project involves the engineering, procurement, construction, and installation (EPCI) of 250 kilome

about 1 year ago
AtoB@C Shipping charters six eco-vessels from German shipowner
Business & Finance

AtoB@C Shipping charters six eco-vessels from German shipowner

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has entered into long-term time charter contracts with German shipowner BAAS Shipping from six new low-emission vessels.

about 1 year ago
An offshore platform
Business & Finance

Trident kicks off the new year with fresh Congo acreage

UK-headquartered oil and gas company Trident Energy has completed the acquisition of Chevron’s Congolese subsidiary and its in-country assets and a working interest in two fields from TotalEnergies off the coast of Congo.

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

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
Ocean Thermal Energy Corporate's OTEC system
Business & Finance

$3.5M contract sets stage for OTEC deployment at remote US Army base

The U.S. renewable energy company Ocean Thermal Energy Corporation (OTE Corp) has secured a $3.5 million contract from Johnson Controls for engineering planning and design under the U.S. Army’s Deep Energy Retrofit Assessment program at the U.S. Army Garrison Kwajalein Atoll (USAG-KA), a remote inst

about 1 year ago
NextGeo continues its expansion spree with purchase of another vessel
Business & Finance

NextGeo continues its expansion spree with purchase of another vessel

As part of its growth and expansion plans aimed at strengthening the fleet and meeting increasing demand in the offshore sector, Italy-headquartered Next Geosolutions (NextGeo) has acquired another vessel, to be used for survey activities. NextGeo has completed the acquisition of the vessel Deep Hel

about 1 year ago
Gjøa; Source: Vår Energi
Business & Finance

‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

about 1 year ago