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Business & Finance

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TenneT
Business & Finance

LS Cable & System, Jan De Nul, and Denys to supply cables for TenneT’s German grid connection project

A consortium comprising LS Cable & System, Jan De Nul, and Denys has received a letter of allocation (LOA) from German/Dutch transmission system operator (TSO) TenneT for the supply of high-voltage direct current (HVDC) cables for the BalWin5 grid connection project in Germany. Under the LOA, the co

about 1 year ago
Noble Developer rig; Source: Noble
Business & Finance

Noble rig scores multi-well drilling gig offshore Suriname

Noble Corporation has got a new drilling assignment off the coast of Suriname, which will be conducted by its 2009-built semi-submersible rig, currently stationed in Trinidad and Tobago.

about 1 year ago
FPSO Atlanta; Source: Brava Energia
Business & Finance

Hat trick for Brazil’s oil & gas firm with FPSO start-up clearance, production restart at another field and portfolio expansion

Brava Energia, former 3R Petroleum before the merger with Enauta, is having a busy holiday season, as green light comes in for the firm to put a floating production, storage, and offloading (FPSO) vessel into operation mode, production resumes at another asset, and the acquisition of interests in mu

about 1 year ago
Investigation into damage of Finland-Estonia link finds dragging marks on seabed
Business & Finance

Investigation into damage of Finland-Estonia link finds dragging marks on seabed

The investigation into the damage that occurred on Christmas day on the Eastlink 2 undersea cable between Finland and Estonia in the Baltic Sea has found a dragging track on the seabed that is dozens of kilometers long, the Finnish police reported. To remind, Finland’s transmission system operator (

about 1 year ago
FPSO PTSC Lam Son; Source: Yinson
Business & Finance

FPSO gets at least 18 more months of work offshore Asia

A floating production, storage, and offloading (FPSO) vessel, which is working off the coast of Vietnam, has secured further work in the Cuu Long Basin in Southeast Asia, where it has been operating for a decade.

about 1 year ago
Woodside Louisiana LNG, former Driftwood LNG; Source: Tellurian, now part of Woodside Energy
Business & Finance

Baker Hughes’ gas tech picked for ‘vital’ LNG development project in North America

Baker Hughes has won a liquefaction equipment order for a proposed liquefied natural gas (LNG) terminal in Louisiana, United States, ahead of the project’s final investment decision (FID), which is expected next year.

about 1 year ago
Subsea7 expands its scope for giant Black Sea gas project with IRM services
Business & Finance

Subsea7 expands its scope for giant Black Sea gas project with IRM services

Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for Türkiye’s largest natural gas field. The contract for the Sakarya gas field development in the Black Sea includes project management and engineer

about 1 year ago
Illustration; Source: New York Senate
Business & Finance

New York fires $75 billion shot for Big Oil to foot the landmark climate ‘superfund’ bill

As the climate crisis continues to wreak havoc across the globe, New York has taken decisive action to hold fossil fuel players accountable for their pollution effects by establishing a new climate fund, described as landmark legislation to strengthen the state’s climate endeavors and environmental

about 1 year ago
An offshore platform
Business & Finance

Rex ending the year with corporate restructuring to pursue growth opportunities

Masirah Oil, an affiliate of Singapore’s oil exploration and production company Rex International Holding, has repurchased some shares from its wholly-owned subsidiary, Rex Oman.

about 1 year ago
Corpus Christi LNG Stage 3; Source: Cheniere
Business & Finance

More US LNG unleashed with Cheniere’s third Corpus Christi segment up and running

Cheniere Energy has achieved the first LNG production milestone at its Corpus Christi LNG facility in Texas.

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

ADES jack-up’s new five-year drilling campaign in Asia marks fourth suspended rig deployment

ADES Holding Company, part of Saudi Arabia-headquartered ADES Group, has landed a new multi-year drilling assignment for its jack-up rig with Thailand’s national oil and gas company PTT Exploration and Production (PTTEP).

about 1 year ago
FPSO Petrojarl Kong and FSO Yamoussoukro; Source: Eni
Business & Finance

Africa’s ‘first net zero emission upstream project’ starts its next oil & gas chapter

Eni has kicked off production from the second stage of its oil and gas development off the coast of Côte d’Ivoire, which is said to be the largest discovery in this country and the first net-zero upstream project, in terms of Scope 1 and 2 emissions, on the African continent.

about 1 year ago
Estlink 2 damage not considered an accident, Estonia's minister says as defense forces protect sister link
Business & Finance

Estlink 2 damage not considered an accident, Estonia’s minister says as navy protects sister link

Estonia’s Defense Forces launched a naval operation early today to protect the Estlink 1 interconnector between Estonia and Finland as a response to the damage that occurred on the day of Christmas on Eastlink 2. Finland’s transmission system operator (TSO) Fingrid reported to the authorities on Dec

about 1 year ago
West Prospero jack-up rig; Source: Seadrill
Business & Finance

Seadrill closing benign jack-up chapter with sale of eight-year stacked rig

Seadrill has bid farewell to a jack-up rig that spent eight years out of work. The divestment is perceived as an enabler of the firm’s strategy to leave the benign jack-up market.

about 1 year ago
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