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Business & Finance

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Rovuma LNG project concept in Mozambique; Source: Eni
Business & Finance

ExxonMobil hires US firm to work on its global LNG portfolio

Chart Industries has expanded its relationship with ExxonMobil with a new deal that puts assignments for certain parts and aspects of the oil major’s entire LNG portfolio on its menu.

about 1 year ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Rig duo from Odfjell Drilling’s fleet to conduct hydrocarbon exploration ops in Norway

The Norwegian authorities have handed out two drilling permits, which will enable the drilling of an exploration well in the Norwegian Sea and another one in the North Sea, using one of Odfjell Drilling’s semi-submersible rigs for the first one and one of the offshore drilling player’s managed rigs

about 1 year ago
DeepOcean to reunite with high-spec subsea vessel under new charter contract
Business & Finance

DeepOcean to reunite with high-spec subsea vessel under new charter contract

DeepOcean is reuniting with the high-spec subsea vessel Orient Adventurer under a charter contract with Taiwanese Dong Fang Offshore (DFO) which will see the vessel join the Norwegian company’s fleet from early 2026 until the end of 2027. DeepOcean will use Orient Adventurer primarily in Europe, but

about 1 year ago
Hibernia platform; Source: Hibernia Management and Development Company/ExxonMobil
Business & Finance

Oil & gas get the blame for Trump’s expansionist pretensions toward Canada, renewables portrayed as road to independence

Given the uptick in Canada’s oil and gas stocks, some blame the fossil fuel industry for Trump’s annexation threat, painting renewable energy as the solution.

about 1 year ago
Allseas delivers 700-kilometer natural gas pipeline off Mexico
Business & Finance

Allseas delivers 700-kilometer natural gas pipeline off Mexico

Allseas has completed its offshore pipelay commitments for a 700-kilometer-long natural gas pipeline in Mexico ahead of schedule, for its client TC Energy. The Southeast Gateway 36-inch natural gas pipeline runs south along the coast from Tuxpan through the Gulf of Mexico to Coatzacoalcos and Dos Bo

about 1 year ago
Port of Açu and Yamna earmark land for 1 mtpa green ammonia plant
Business & Finance

Port of Açu and Yamna earmark land for 1 mtpa green ammonia plant

London-based Yamna has signed a land reservation agreement with the Brazilian Port of Açu to develop a green ammonia plant.

about 1 year ago
FPU Salamanca; Source: Audubon
Business & Finance

First oil from ‘world class’ Gulf of Mexico project on track for mid-2025 as FPU nears completion

U.S.-headquartered LLOG Exploration is closing in on the first oil production from a deepwater project in the U.S. Gulf of Mexico as a floating production unit (FPU) destined for work at this oil development achieves refurbishment progress, which is expected to be wrapped up soon.

about 1 year ago
COSL Innovator rig; Source: COSL
Business & Finance

Phased FPSO restart underway as COSL prepares to drill next well in North Sea

Serica Energy is progressing with a phased restart of oil and gas production at an FPSO in the North Sea, which is working on its oil and gas assets on the UK Continental Shelf (UKCS).

about 1 year ago
An offshore platform with a vessel next to it
Business & Finance

PM wants Vietnam’s first LNG power plants online by June as delays loom

Following delays related to the startup of Vietnam’s liquefied natural gas (LNG) projects under development announced at a recently held industry event, the country’s Prime Minister has called for stepping up the ante on starting their commercial operation.

about 1 year ago
50Hertz finds contractors for boulder removal campaign
Business & Finance

Axess wins cable installation contract for 50Hertz German grid connection project

Axess Technologies has been awarded a cable installation contract by Greece-headquartered Hellenic Cables for the Ostwind 3 grid connection project, located in the German Baltic Sea. The scope of work comprises planning and pulling internal platform cables into the offshore high-voltage (HV) substat

about 1 year ago
Blocks offshore Uruguay; Source: Challenger Energy
Business & Finance

Farm-out process offshore Uruguay and decision on assets in Trinidad & Bahamas coming in mid-2025

Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay.

about 1 year ago
PaxOcean receives order for methanol-ready offshore construction vessel newbuilds
Business & Finance

PaxOcean receives order for methanol-ready offshore construction vessel newbuilds

PaxOcean has unveiled an order for up to four methanol-ready offshore construction vessels (OCVs) from an unnamed European shipowner. PaxOcean said it has signed shipbuilding contracts for two OCVs with a “renowned European shipowner” for delivery in 2027 and an option for two additional vessels. Me

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Business & Finance

SBM Offshore takes slice of Ocean-Power ownership pie

On a mission to boost its decarbonization arsenal, SBM Offshore has become the owner of a minority stake in Norway’s Ocean-Power.

about 1 year ago
Danish companies set up autonomous subsea survey system partnership
Business & Finance

Danish companies unite to provide integrated autonomous subsea survey system

Danish maritime technology companies EIVA and Tuco Marine have set up a new partnership to provide integrated autonomous systems for inspecting subsea assets. The idea includes Tuco Marine’s ProZero 8m Naval Intelligence uncrewed surface vessel (USV) sailing to an area of interest and launching EIVA

about 1 year ago
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