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Business & Finance

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WATCH: Dutch methanol-ready subsea rock installation vessel launched
Business & Finance

WATCH: Dutch methanol-ready subsea rock installation vessel launched

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has launched its first of two subsea rock installation (SRI) vessels. The company announced in November 2024 that it had placed an order for the construction of two

5 days ago
DeepOcean and TFKable plan JV for inter-array cable projects with dedicated vessel
Business & Finance

DeepOcean and TFKable plan JV for inter-array cable projects with dedicated vessel

DeepOcean and the controlling entity of TFKable Group are planning to establish a joint venture (JV) that will provide integrated engineering, procurement, construction and installation (EPCI) services for inter-array cable projects in offshore wind, as well as a newbuild, dedicated inter-array cabl

5 days ago
Na Kika platform in the Gulf of Mexico - BP
Business & Finance

Shell done with US Gulf oil asset sale set to realize $1.7 billion total deal value

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has brought to a close the divestment of non-operated working interests in certain oil assets in the Gulf of America (U.S. Gulf of Mexico).

5 days ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

QatarEnergy’s CEO: Repairs on damaged LNG trains to take three years

While dismissing alternative pipeline routes as economically unviable, the Chief Executive Officer (CEO) of Qatar’s state-owned oil and gas giant QatarEnergy has highlighted that the country’s liquefied natural gas (LNG) player remains fully committed to maritime transit through the Strait of Hormuz

5 days ago
Remote operations center for unmanned survey operations opens in Singapore
Business & Finance

Remote operations center for unmanned survey operations opens in Singapore

OMS Group has opened a new remote operations center (ROC) in Singapore, dedicated to remote supervision of unmanned surface vessel (USV) operations, real-time monitoring and validation of survey data, and coordinated multi-vehicle operations across geographically dispersed projects. The ROC, operate

5 days ago
Offshore West Africa Transform Margin, showing current licence holders – dominated by oil and gas majors. Source: NOCAL/LPRA licensing data
Business & Finance

Australian oil & gas firm makes its first foray into Liberia’s deepwater arena

In a move designed to capitalize on renewed global industry interest in oil and gas exploration due to traditional supply chain woes and surging energy demand, Bounty Oil & Gas, an independent Australian oil and gas explorer and producer, has taken a step to widen its portfolio with the acquisition

5 days ago
Brazilian subsea services provider changes hands
Business & Finance

Brazilian subsea services provider changes hands

Norwegian engineering company CoreMarine has completed the acquisition of Brazil’s BravOcean, a provider of subsea installation support, project management services, and specialist personnel for deepwater subsea umbilicals, risers and flowlines (SURF) projects. “BravOcean has always been committed t

5 days ago
The signing ceremony was held in Cape Town with Aleks Armstrong, Vice President (VP) of Subsurface at Navitas Petroleum, Dr. Bongani Sayidini, Chief Executive Officer (CEO) of Petroleum Agency SA (PAS
Business & Finance

Navitas forges ahead in South Africa as it wraps up offshore acquisition

Israel’s Navitas Petroleum has brought into its fold a stake in a block off the coast of South Africa through a deal with Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin.

6 days ago
South Korean players embark on small-scale LNG commercialization mission
Business & Finance

South Korean players embark on small-scale LNG commercialization mission

Two South Korean companies, GasEntec and Samsung Heavy Industries (SHI), are pooling resources to commercialize small-scale liquefied natural gas (LNG) technology.

6 days ago
CETO technology
Business & Finance

CETO wave energy unit’s foundation ready for deployment at BiMEP

Carnegie Clean Energy has completed the foundation structures of the scaled CETO wave energy unit in preparation for deployment at Biscay Marine Energy Platform (BiMEP) as part of the ACHIEVE Programme. CETO is a fully submerged, point absorber-type wave energy technology device. A submerged buoy si

6 days ago
Illustration; Source: PTTEP
Business & Finance

Southeast Asian offshore project crosses FID threshold in fast-track move to first gas

PTTEP Energy Development Company, a subsidiary of PTT Exploration and Production Public Company (PTTEP), and Canada-headquartered Valeura Energy have taken a final investment decision (FID) to move forward with an initial gas development at an offshore natural gas field in Block G3/65 located in the

6 days ago
Strohm’s pilot ultra-deepwater TCP flowline to hit the water off Brazil in early 2027
Business & Finance

Strohm’s pilot ultra-deepwater TCP flowline to hit the water off Brazil in early 2027

Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has, in a joint industry program (JIP) with Petrobras and Shell, completed a qualification and field trial program for its ultra-deepwater TCP flowline technology. The completion of the full-scale qualification and offshore field trial rep

6 days ago
TotalEnergies' CEO visit Suriname to go over GranMorgu's progress; Source: Staatsolie
Business & Finance

TotalEnergies, Staatsolie and APA advancing $12.2B oil project ahead of 2027 drilling ops

As large-scale production components stack up at the Kuldipsingh Port Facility (KPF), representatives of France’s energy giant TotalEnergies and Surinamese officials have met to discuss the progress on a multibillion-dollar deepwater oil project in Block 58 off the coast of Suriname, confirming that

6 days ago
ONGC strikes new gas discovery; Source: ONGC
Business & Finance

New gas discovery springs up from India’s frontier deepwater basin

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has found a new natural gas discovery in the deep waters of Mahanadi Basin off the country’s east coast.

6 days ago
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