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Business & Finance

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Shearwater GeoServices to perform two consecutive projects in Asia Pacific
Business & Finance

Shearwater GeoServices bags another 2D seismic job offshore India

Norway’s Shearwater GeoServices has been awarded a major contract for a 2D seismic survey covering 15,500 line kilometers along the continental shelf margin off India’s west coast. According to Shearwater, the project forms a part of India’s National Seismic Program (NSP), which seeks to map unappra

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

$80 billion ‘powerhouse’ makes its entrance on energy stage with gas, low-carbon tools, and chemicals in mind

ADNOC has unveiled XRG, a low-carbon energy, natural gas, and chemicals investment company with an enterprise value of over $80 billion, which is envisioned to power the world with lower-emission energy to enable a more sustainable energy future.

about 1 year ago
ONE
Business & Finance

ONE dips further into Southeast Asia with Indonesian terminal acquisition

In a bid to “bolster” its presence in Southeast Asia, Singapore-based shipping major Ocean Network Express (ONE) has acquired a minority stake in New Priok Container Terminal One (NPCT1) in Indonesia’s capital city of Jakarta. As informed, the NPCT1—built in 2016 as part of efforts to expand the Tan

about 1 year ago
Dieter Korndörffer, Managing Consultant at Enersea
Business & Finance

Enersea launches new company at OEEC 2024

The Netherlands-based Enersea has expanded its corporate portfolio with the introduction of its third sister company, unveiled during the opening day of the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam, Netherlands. Dieter Korndörffer, Managing Consultant at Enersea, unveiled the laun

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

Eni expands offshore oil & gas acreage in Côte d’Ivoire ahead of its giant project’s next chapter

Eni has enriched its offshore oil and gas portfolio in Côte d’Ivoire with four new exploration blocks while closing in on the finish line to bring the second stage of its oil and gas development online.

about 1 year ago
Previously disclosed preferred tie-in point of Anning and Somerville fields to Shell’s infrastructure (Corvette and Leman-A platforms); Source: Hartshead
Business & Finance

UK’s new fiscal regime keeps North Sea gas project ‘robust and high value’ but alternate export route on the table

ASX-listed Hartshead Resources and Viaro Energy, through its wholly-owned subsidiary RockRose Energy, are working on progressing the development of their gas project in the UK sector of the North Sea.

about 1 year ago
CLV Fu Yang at Yangjiang Qingzhou 6 offshore wind farm project site; Source: Fulan Offshore
Business & Finance

Cable laying vessel hard at work on offshore wind project (Gallery)

China-headquartered subsea cable vessel owner and operator Fulan Offshore has deployed its cable laying vessel (CLV) for inter-array cable installation at a giant offshore wind project in Chinese waters.

about 1 year ago
Black Sea map; Source: OMV Petrom
Business & Finance

Israel’s NewMed getting in on Black Sea hydrocarbon exploration ops

OMV Petrom has struck a deal with NewMed Energy for the transfer of a partial stake in an offshore block in Bulgaria’s part of the Black Sea, enabling the latter to join the upcoming exploration activities in search for more hydrocarbons.

about 1 year ago
Tartaruga field; Source: Petrobras
Business & Finance

Petrobras launches divestment of shallow water oil & gas field offshore Brazil

Petrobras has kicked off the opportunity disclosure stage for the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil.

about 1 year ago
Transocean Endurance rig; Source: Songa Offshore, now part of Transocean
Business & Finance

Transocean rig boosting staff safety with UK player’s zone monitoring tech

Salunda has secured its first installation of its patented zone monitoring technology in Australia and the wider Asia Pacific (APAC) region, thanks to a deal to deploy its zone monitoring solution on one of Transocean’s rigs working in Australian waters.

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

British players shake hands on quest to broaden subsea power delivery horizons

In response to growing demand for decarbonization solutions within the global energy sector, Verlume is pooling resources with Proserv to enhance subsea power delivery offering.

about 1 year ago
ECE Offshore, Jan De Nul to collaborate on TenneT 2 GW grid connection projects
Business & Finance

ECE Offshore, Jan De Nul to collaborate on TenneT 2 GW grid connection projects

The Dutch company, ECE Offshore, has secured a contract with Jan De Nul Group to support cable laying and execution on the TenneT 2 GW grid connection projects. The scope of ECE Offshore is part of Jan De Nul’s framework agreement with the Dutch-German transmission system operator (TSO) TenneT on th

about 1 year ago
Illustration; Source: Sulmara/BGF
Business & Finance

UK firm gets multimillion-dollar shot in the arm to pursue tech advancement

Sulmara has secured a multimillion-dollar investment from BGF, a growth capital investor in the UK and Ireland. This will enable the firm to bankroll its technological growth ambitions in the offshore energy arena, where it is eyeing opportunities in renewables.

about 1 year ago
The €2.8 billion NeuConnect interconnector project has completed the first phase of cabling works in the UK waters, marking a step in establishing the first direct energy link between the UK and Germa
Business & Finance

‘Major milestone’ for UK-Germany subsea link as first cabling stage wraps up (Video)

Italy-headquartered cable systems giant Prysmian has completed the €2.8 billion NeuConnect interconnector project’s first phase of cabling works in the UK waters, marking an important step in establishing the first direct energy link between the UK and Germany. With converter stations under construc

about 1 year ago
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