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Business & Finance

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Finland-Estonia interconnector down again due to damage, foreign ship's role under investigation
Business & Finance

Finland-Estonia interconnector down again due to damage, foreign ship’s role under investigation

The Finnish authorities are investigating the sudden power outage at the Estlink 2 interconnector between Finland and Estonia that occurred yesterday, December 25, the country’s Prime Minister Petteri Orpo said. Finland’s transmission system operator (TSO) Fingrid reported to the authorities the pos

about 1 year ago
Cedar LNG artist's rendering - View looking south from above Douglas Channel towards the proposed facility and docked LNG carrier; Source: Cedar LNG
Business & Finance

Canada’s $4 billion LNG project facing another legal challenge

Steelhead LNG is mounting one more legal challenge against an LNG project on Canada’s West Coast. Legal proceedings are underway against Pembina Pipeline Corporation and ARC Resources in connection with a floating LNG (FLNG) solution for this development.

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

Santos’ hook-up of new well to existing gas hub offshore Australia gets the all-clear

Santos has received the thumbs-up for its revised environment plan (EP) from the country’s offshore regulator, which will enable it to bring online a new well off the coast of Australia to bolster gas production from existing assets.

about 1 year ago
Viridien, TGS complete OBN survey in 'mature region' of North Sea
Business & Finance

Viridien, TGS complete OBN survey in ‘mature region’ of North Sea

Joint venture partners Viridien, previously known as CGG, and TGS have completed the multi-client Sleipner ocean bottom node (OBN) survey, as well as delivered the final processed data expected to be valuable to explorers operating in the area for years to come. The survey, the second of two dense m

about 1 year ago
Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Business & Finance

Gazprom greenlights $15 billion investment plan to bolster gas production capacity

Russia’s giant Gazprom has set its investment program and budget for next year at RUB 1.52 trillion (almost $15.22 billion), a drop of about 7% compared with the planned spending of RUB 1.64 trillion (nearly $16.43 billion) for 2024.

about 1 year ago
Scottish startup inks 'landmark' deal for EU’s first full-scale CO2 storage project
Business & Finance

Scottish startup inks ‘landmark’ deal for EU’s first operational CO2 storage facility

Scottish startup The Carbon Removers has secured what it says is a landmark deal for CO2 storage as part of Project Greensand in the Danish North Sea. The Carbon Removers announced the agreement on December 10 to permanently sequester 50,000 tonnes of CO2 per year in a depleted oil field, 1,800 mete

about 1 year ago
FLNG Hilli Episeyo; Source: Golar LNG
Business & Finance

Bermuda player becomes sole owner of FLNG unit

Golar LNG has got its hands on ownership interests Seatrium and Black & Veatch held in a floating LNG (FLNG) unit, which enables it to take full ownership of the asset that recently lined up a 20-year assignment in Argentina.

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

TotalEnergies prolongs rig’s drilling job offshore Africa

TotalEnergies has given more work to a semi-submersible rig owned by Northern Ocean (NOL) and managed by Odfjell Drilling.

about 1 year ago
Haiji-2 offshore China (for illustration purposes); Source: CNOOC
Business & Finance

First oil flows from CNOOC’s project offshore China

CNOOC has begun oil production from a development project in Liaodong Bay of Bohai Sea off the coast of China.

about 1 year ago
Thomas Saetre, AOS Offshore Business Development Manager.
Business & Finance

FORCE Technology and AOS join forces to advance offshore services in Australia

FORCE Technology Norway and Singapore’s Asia Offshore Solutions (AOS) have entered into a strategic partnership aimed at delivering enhanced structural monitoring, subsea inspection, and cathodic protection services to Australia’s offshore sector. Under the agreement, signed in November 2024, AOS is

about 1 year ago
Judy platform; Source: Harbour Energy
Business & Finance

North Sea drilling ops lead to signs of hydrocarbons in UK waters

Harbour Energy has confirmed the presence of hydrocarbons at its recently drilled prospect in the Central North Sea on the UK Continental Shelf (UKCS).

about 1 year ago
North Sea TSO on the lookout for cable repair provider
Business & Finance

ABL bags contract for TenneT’s 2 GW Dutch offshore grid connections

The Dutch/German offshore transmission system operator (TSO) TenneT has awarded ABL a contract to provide marine warranty survey services for the installation of three 2 GW export cable systems in the Netherlands. Under the contract, ABL will work on the IJmuiden Ver Beta, IJmuiden Ver Gamma, and Ne

about 1 year ago
An offshore platform
Business & Finance

PTTEP going on production growth binge with $33.6B fueling its energy ambitions

Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) has shared its investment agenda for the next five years, with plans to focus on boosting production to increase the country’s energy security, among other things.

about 1 year ago
Japanese construction firm buys trencher ROV for local offshore widn market
Business & Finance

Japanese construction firm buys trenching ROV for local offshore wind market

Japanese construction company Toyo Construction has purchased a trenching remotely operated vehicle (ROV) from underwater technology and services company SMD that will be deployed in the Japanese offshore wind sector. The ROV will form part of Toyo’s expanding fleet of assets, as the company had als

about 1 year ago
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