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Business & Finance

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SLB OneSubsea hired to 'accelerate full potential' of BP's deepwater project
Business & Finance

SLB OneSubsea hired to ‘accelerate full potential’ of BP’s deepwater project

OneSubsea, a subsea technology and solutions joint venture (JV) backed by SLB, Aker Solutions and Subsea7, has secured a subsea boosting contract with UK’s energy major BP for a deepwater project in the U.S. Gulf of Mexico. The contract for the Kaskida project is the first engineering, procurement a

about 1 year ago
East Nusa Tenggara in the Indonesian archipelago. Source: Inyanga Marine Energy Group
Business & Finance
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HydroWing sets in motion plans for first tidal energy plant in Indonesia

HydroWing, part of Inyanga Marine Energy Group, has secured a binding agreement with a PLN Subholding, the Indonesian state-owned owner of the national grid, to advance plans for Indonesia’s first 10 MW tidal current power plant in East Nusa Tenggara in the Indonesian archipelago. HydroWing previous

about 1 year ago
After Equinor, TotalEnergies enters Reach Subsea's USV qualification program
Business & Finance

After Equinor, TotalEnergies enters Reach Subsea’s USV qualification program

A couple of months after Equinor revealed its participation in the technology qualification program for Reach Subsea’s Reach Remote uncrewed surface vessels (USVs), France’s energy giant TotalEnergies joined as a new collaboration partner. The pilot project with Equinor, TotalEnergies and other “maj

about 1 year ago
initiative
Business & Finance

US unveils winners of $3 billion Clean Ports Program

The U.S. Environmental Protection Agency (EPA) has revealed that 55 applicants across 27 states and territories will receive nearly $3 billion through its Clean Ports Program.

about 1 year ago
Gasunie picks N-Sea for BBL pipeline survey
Business & Finance

UK firm wins Gasunie tender for Southern North Sea pipeline

UK-based Kent has secured a four-year framework agreement from the energy infrastructure company Gasunie to provide integrity management support services for a subsea pipeline in the Southern North Sea. This €2.4 million agreement, awarded through a negotiated EU-compliant process, covers both onsho

about 1 year ago
Noble Regina Allen jack-up rig; Credit: Mammoet/Damen
Business & Finance

Damen taps Mammoet for Noble jack-up rig’s leg repair work (Gallery)

Netherlands-based Mammoet has been hired by Damen Shiprepair to assist with a jack-up leg repair for a rig owned by the U.S.-headquartered Noble Corporation.

about 1 year ago
Matteco secures €15 million to expand production of green hydrogen materials
Business & Finance

Matteco secures €15 million to expand production of green hydrogen materials

To scale up the production of its materials for green hydrogen, Matteco has closed a €15 million Series A investment round backed by a group of national and international family offices.

about 1 year ago
Chinese manufacturer sends off cable for oilfield expansion project off Saudi Arabia (Video)
Business & Finance

China-produced subsea cable on its way to oilfield expansion project off Saudi Arabia (Video)

China’s ZTT Submarine Cable & System has sent off the submarine cable destined for Saudi Aramco’s field expansion project towards the project site located offshore Dhahran, Saudi Arabia. Zuluf, described as a giant offshore oil field located in the Arabian Gulf, approximately 240 kilometers north of

about 1 year ago
Trion development concept; Source: Woodside
Business & Finance

SBM Offshore gives FSO job to Norwegian firm for deepwater oil project in Gulf of Mexico

SBM Offshore has placed an order with AXTech in relation to a floating storage and offloading (FSO) unit, which will be deployed at a deepwater oil project 30 km south of the Mexico-U.S. maritime border.

about 1 year ago
Petrobras keeps Baker Hughes busy with additional order for flexible pipe systems
Business & Finance

Petrobras keeps Baker Hughes busy with another order for flexible pipe systems

Brazil’s state-owned energy giant Petrobras has awarded additional contracts to energy technology company Baker Hughes for the delivery of flexible pipe systems and associated services across several pre-salt fields. As part of an agreement signed on October 15 following an open tender, the multi-ye

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

Isle of Man-based oil & gas firm passes the operator baton to Chevron for offshore block in Uruguay

Challenger Energy Group (CEG) has wrapped up the divestment of a majority stake in a shallow water exploration block off the coast of Uruguay. As a result, Chevron Uruguay Exploration, a wholly-owned subsidiary of the U.S.-based energy giant Chevron, is the block’s new operator.

about 1 year ago
Terry Allan, CEO at nexos; Source: nexos
Business & Finance

Op-ed: Different rules, same game – Thinking differently about UK’s energy future

Terry Allan, CEO of Aberdeen-headquartered nexos, delves into the intricate complexities of the energy industry’s version of a high-stakes poker game in the United Kingdom (UK).

about 1 year ago
Peru LNG terminal; Source: PLNG
Business & Finance

EIG-managed LNG player ups its stake in South America’s first LNG export terminal

EIG’s MidOcean Energy has boosted its interest in an LNG export plant, which is described as the inaugural facility of this type in South America, located in Pampa Melchorita, 170 kilometers south of Lima, Peru.

about 1 year ago
Panama
Business & Finance

Despite fewer deep-draft transits, Panama Canal sails steady

Despite the climate challenges experienced during 2023 and 2024, the Panama Canal closed FY2024 with a total revenue of 4.99 billion PAB (approximately $4.89 billion), around 209 million PAB above budget and 18 million PAB more than the previous year. Getting into the fine print: the results up clos

about 1 year ago