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Business & Finance

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Cygnus gas field in the southern North Sea; Source: Neptune Energy, which became part of Eni following merger and is now part of enlarged Ithaca Energy
Business & Finance

Ithaca-Eni upstream oil & gas combination gives birth to UK’s ‘largest resource holder’ in North Sea

Eni has fused its upstream assets in the UK, excluding East Irish Sea ones and carbon capture, utilization, and storage (CCUS) activities, with Delek’s Ithaca Energy, a North Sea oil and gas operator and producer.

about 2 years ago
A photo of the vessel MV Kaiyu sailing next to a wind turbine in a port
Business & Finance
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Newly established survey company in Japan completes its first contract

Japanese “K” Line Wind Service (KWS) and Singapore-headquartered EGS Survey (EGS) have established a joint venture company specializing in offshore geo-surveys which recently completed its first survey contract for the Happo-Noshiro offshore wind project. At the Happo-Noshiro site(s), located off th

about 2 years ago
$45M public offering to help Kraken Robotics with expansion and acquisitions
Business & Finance

$45M public offering to help Kraken Robotics with expansion and acquisitions

Canada-headquartered marine technology player Kraken Robotics is set to receive a bought deal public offering of $45 million, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others. Kraken Robotics has amended its agreement with Corm

about 2 years ago
NAGA 6 jack-up rig; Source: Velesto Energy
Business & Finance

Another Velesto jack-up rig ready for five more years of drilling ops with SPS out of the way

Velesto Energy has wrapped up the mandatory five-yearly special periodical survey (SPS) for one of its jack-up rigs on time, thus, the rig will go to Sarawak to continue its drilling assignment with an affiliate of the Southeast Asian country’s energy giant Petronas.

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago
A heat exchanger being loaded onto a ship
Business & Finance

Honeywell wraps up takeover of Air Products’ LNG business

U.S.-based technology firm Honeywell has completed the acquisition of liquefied natural gas (LNG) process technology and equipment business from Air Products, a compatriot industrial gases supplier. The closing conditions for the all-cash transaction, first announced in July, have been fully met wit

about 2 years ago
Installation works wrap up at Wilhelmshaven 2 LNG terminal; Source: Geocean
Business & Finance

With installation ops done, Germany’s new LNG terminal ready for FSRU connection to gas grid (Video)

ECOnnect Energy is nearing the last mile of the installation work related to a jettyless ready IQuay solution for liquefied natural gas (LNG) import to Germany’s second terminal in Wilhelmshaven.

about 2 years ago
Thor Axess HSM
Business & Finance

Axess wins cable work on Denmark’s largest offshore wind farm

Axess Technologies has secured a cable installation contract with HSM Offshore Energy for the Thor offshore wind farm located off the Danish west coast. The scope of work includes project management, engineering, pulling, terminating, and testing the internal platform cables into the Thor offshore s

about 2 years ago
A vessel at sea
Business & Finance

Swiss player getting its first LNG carrier in 2027

Swiss-based MET Group has closed a deal with Danish shipowner Celsius for one liquefied natural gas (LNG) vessel, to be built by China Merchants Heavy Industry-Jiangsu.

about 2 years ago
COSL Innovator rig; Source: COSL
Business & Finance

COSL rig moving to next well on its drilling agenda as UK oil & gas player gears up to bring online previous one

Serica Energy is setting the stage to start production from a recently drilled well in the UK sector of the North Sea.

about 2 years ago
Energinet finds contractor for replacement of cables connecting Denmark and Sweden
Business & Finance

Energinet finds contractor for replacement of cables connecting Denmark and Sweden

Danish national transmission system operator (TSO) Energinet has selected a contractor to undertake the replacement of an outdated submarine cable that passes across Øresund connecting Denmark and Sweden. Together with Swedish TSO Kraftnät, Energinet owns and operates four Øresund links that connect

about 2 years ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business & Finance

Subsea data provider joins upcoming SeaRAY ocean energy system demonstration

U.S.-based Tiburon Subsea, a subsea data collection and delivery provider, has joined fellow U.S. marine energy company C-Power’s partner engagement and co-development (PEC) program to handle subsea data collection for the upcoming SeaRAY ocean energy system demonstration. The two companies will col

about 2 years ago
A floating, production, storage and offloading unit
Business & Finance

Brazil sees monthly increase in oil & gas production, with lion’s share coming from Petrobras’ offshore fields

The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

about 2 years ago
Norwegian energy giant hires compatriot firm for subsurface support
Business & Finance

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 2 years ago