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Business & Finance

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Fossil EnergyOil & GasBusiness Developments & ProjectsExploration & ProductionMarine EnergyTidal & Wave EnergyProject & TendersRigsAuthorities & GovernmentRegulation & PolicyLiquefied Natural GasSubseaSurveys & InterventionsTechnologyLow-Carbon TransitionInnovationFPSO & VesselsCablingInterconnectorsVessels
Platforms at Jinzhou 23-2 oilfield; Source: Fulan Offshore
Business & Finance

China’s commissioning streak continues with one more offshore oil project on stream

CNOOC is on top of its hydrocarbon game as it confirms a new first for China with the beginning of production at a development said to be the Asian country’s first offshore multi-layer heavy oil thermal recovery project.

about 1 year ago
Minas Passage in the Bay of Fundy, Nova Scotia. Source: Inyanga Marine Energy Group
Business & Finance

Inyanga Marine Energy steps into Canada with new subsidiary

UK-based Inyanga Marine Energy Group has expanded its international presence with the launch of a Canadian subsidiary, Inyanga Maritime Services Nova Scotia, headquartered in Halifax. According to Inyanga Marine Energy, this move positions the company to advance Nova Scotia’s tidal energy and offsho

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business & Finance

No hydrocarbons for Equinor in Norwegian Sea wildcat

Equinor has found no hydrocarbons in an exploration well, which was drilled using one of Transocean’s rigs in the Norwegian Sea off the coast of Norway.

about 1 year ago
An aerial view of the Excelsior ship docked at Freeport LNG terminal; Courtesy of Freeport LNG
Business & Finance

$1.3 billion lawsuits for damages arising from explosion at US LNG facility thrown out of court

Texas-based litigation firm Hicks Thomas LLP, whose attorneys argued that insurance carriers could not recover on subrogation claims, has confirmed its win in two legal battles related to lawsuits totaling $1.3 billion against builders of a liquefied natural gas (LNG) export facility in Texas, Unite

about 1 year ago
Shearwater GeoServices goes to India
Business & Finance

Shearwater to conduct 2D seismic survey in Bay of Bengal

Norway’s Shearwater Geoservices has been awarded a large 2D towed streamer seismic survey contract by Oil India Limited (OIL), covering 14,500 line kilometers off India’s East Coast in the Bay of Bengal. The survey, scheduled to begin in early 2025, is part of India’s National Seismic Program (NSP)

about 1 year ago
Foresight giving J+S Subsea investment shot in growth arm; Source: Foresight
Business & Finance

Scotland’s subsea engineering firm gets capital boost

Foresight has disclosed a capital injection into J+S Subsea, an Aberdeen-headquartered subsea engineering company. The investment is expected to support the Scottish player’s growth plans.

about 1 year ago
Two women and one man standing in front of a sign
Business & Finance

Residual cold from Spain’s LNG terminal becomes low-carbon grid energy in ‘world first’

French-headquartered ecological transformation company Veolia, Spanish gas grid operator Enagás, and Barcelona City Council have launched a residual cold recovery solution installed at a liquefied natural gas (LNG) terminal in the Port of Barcelona.

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

Petrobras fires the starting gun on bid battle for two new Brazil-bound FPSOs

Petrobras has kicked off a new procurement process to secure two more floating production, storage, and offloading (FPSO) vessels, which will be deployed in the Sergipe Alagoas Basin off the coast of Brazil.

about 1 year ago
Céline Place, Ambassador of France in Ireland visiting the Celtic Interconnector project in Cork; Pictured L-R: Ed Raffle, Celtic Interconnector team, Pádraig Slyne, EirGrid, Josselin Le Gall, Allianc
Business & Finance

Ireland’s first energy link to EU shaping up with ‘steady progress’ on cable routes for French interconnection

A one-year construction milestone has been reached at a subsea cable interconnection project between Ireland and France, known as Celtic Interconnector, only two years since the engineering, procurement, and construction (EPC) contracts were signed in Paris.

about 1 year ago
A large LNG vessel at sea
Business & Finance

GAIL’s LNG fleet growing thanks to deal with K Line

India’s state-owned natural gas player GAIL has signed a long-term time charter agreement with Japanese shipping company Kawasaki Kisen Kaisha (K Line) for a new liquefied natural gas (LNG) vessel to be built by Korea’s Samsung Heavy Industries (SHI).

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

Chinese oil & gas giant on a roll as another development project comes online

China National Offshore Oil Corporation (CNOOC) has begun production at another oilfield development project in the South China Sea, off the coast of China.

about 1 year ago
Main Pass IV jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig scores new gig offshore Nigeria

Shelf Drilling (SHLF) has landed a new drilling assignment for one of its jack-up rigs off the coast of Nigeria in West Africa.

about 1 year ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business & Finance

Shell and QatarEnergy team up to supply China with LNG

Two energy giants, Qatar’s state-owned QatarEnergy and UK-headquartered Shell, have inked a new long-term sale and purchase agreement (SPA) with an undisclosed client to deliver liquefied natural gas (LNG) to China.

about 1 year ago
FSO concept for Murphy's oilfield; Source: Yinson Production
Business & Finance

US player entrusts Yinson Production and PTSC JV with FSO for Asian offshore oil project

A joint venture consisting of PTSC and Yinson Production has been put in charge of the provision, charter, operation, and maintenance of a floating storage and offloading (FSO) vessel destined for an oilfield development project in the Cuu Long Basin off the coast of Vietnam in Southeast Asia, which

about 1 year ago
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