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Business & Finance

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OneSubsea nets ‘one of industry’s largest umbilical contracts to date’
Business & Finance

OneSubsea nets ‘one of industry’s largest umbilical contracts to date’

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract which it says is one of the largest umbilical contracts awarded in the industry to date, for a field development project in Indonesian waters. The contract, awarded by Eni North Ganal Limited, a subsidiary o

about 2 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras closes acquisition of offshore block in São Tomé and Príncipe

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Brazil’s state-owned energy firm Petrobras has concluded the acquisition of an interest and operatorship in an exploration block off the coast of São Tomé and Príncipe. The Brazilian player reported on April 17 the signing of an agreement to acquire an interest and assume operatorship of Block 3 off

about 2 months ago
Scotland future-proofs subsea network rollout with long-term HVDC agreement
Business & Finance

Scotland future-proofs subsea network rollout with long-term HVDC agreement

Scottish transmission system operator (TSO) SSEN Transmission has signed a long-term framework agreement with Sumitomo Electric Industries and Van Oord Offshore Wind UK for the engineering, supply, transport and installation of high-voltage direct current (HVDC) subsea cable systems to support futur

about 2 months ago
New North Sea partnership targets IRM, decommissioning and construction
Business & Finance

New North Sea partnership targets IRM, decommissioning and construction

Boskalis Subsea Services and the UK’s Anasuria Operating Company (AOC) have signed a preferred partnership framework agreement to collaborate on inspection, repair and maintenance (IRM), decommissioning and construction activities in the North Sea. The parties’ long-term collaborative framework is d

about 2 months ago
Fugro to assist Saipem with pipeline work at UK’s first offshore CCS project
Business & Finance

Fugro to assist Saipem with pipeline work at UK’s first offshore CCS project

Dutch Fugro has been selected to deliver integrated marine survey and inspection services for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough Head, the NEP project will comprise an onshore CO2 ga

about 2 months ago
Prysmian’s arsenal richer for its ‘most powerful’ heavy-duty plough yet
Business & Finance

Prysmian’s arsenal richer for its ‘most powerful’ heavy-duty plough yet

Italian cabling giant Prysmian has put into operation a new, latest-generation heavy-duty plough developed by the UK’s SMD, stating that it is its most powerful and largest so far. The plough is one of two that have been procured from SMD and will be used for burying power cables at a maximum of fiv

about 2 months ago
TotalEnergies ships first LNG cargo from Mexican project to Asia
Business & Finance

TotalEnergies ships first LNG cargo from Mexican project to Asia

France’s energy giant TotalEnergies has shipped the first cargo to Asia from the first liquefied natural gas (LNG) export terminal on Mexico’s Pacific Coast, currently under commissioning. ECA LNG Phase 1 consists of a single-train liquefaction facility with a nameplate LNG capacity of 3.25 million

about 2 months ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling’s 52-year-old rig secures longer run in India’s oil & gas exploration game

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh-environment mid-water and deepwater semi-submersible drilling rigs, has revealed that one of its units is staying longer at an assignment off the coast of India with Oil India Limited, an exploration and

about 2 months ago
Al Rekayyat
Business & Finance

Shipping incident: Projectile hits LNG carrier in Strait of Hormuz

Qatar Gas Transport Company (Nakilat), Qatar’s shipping and maritime player, has reported a vessel incident in the Strait of Hormuz.

about 2 months ago
Kinetics' FSRU; Courtesy of Kinetics, a Karpowership initiative
Business & Finance

Karpowership-backed Kinetics kicks off work on flagship high-capacity FSRU

Kinetics, a Karpowership initiative, has embarked on the construction of the first in its series of planned next-generation floating storage and regasification units (FSRUs) at Seatrium’s Tuas Boulevard Yard in Singapore.

about 2 months ago
Dutch getting ready to test ocean current tech in open water
Business & Finance

Dutch getting ready to test ocean current tech in open water

Dutch Equinox Ocean Turbines (EQOT) is about to start open-water testing of its ocean current platform to gather data required for de-risking and advancing the technology toward commercial deployment. The open-water testing of the Mobula 5 1:10 prototype will begin in Friesland, the Netherlands, on

about 2 months ago
Enersea launches LNG loading platform for South America; Source: Enersea
Business & Finance

Enersea’s LNG solution for South American project offers ‘cost-effective’ alternative to jetties

The Netherlands-headquartered offshore energy engineering player Enersea has unveiled a liquefied natural gas (LNG) loading platform concept as part of a major LNG infrastructure development in South America, spotlighting innovation’s role in upping the LNG terminal development ante while cutting co

about 2 months ago
One landfall to go in France for first interconnector to Spain
Business & Finance

One landfall to go in France for first interconnector to Spain

Danish power cable manufacturer and installation firm NKT has completed two of the three landfalls in France for this country’s first submarine electricity interconnection to Spain. Delivered by Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the Fren

about 2 months ago
Illustration; Courtesy of MidOcean Energy
Business & Finance

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

An investor, headquartered in the United Arab Emirates (UAE), has backed MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), with a billion-dollar investment.

about 2 months ago