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Business & Finance - Offshore Energy

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Several people on stage at a steel-cutting ceremony

Business & Finance

Chinese shipbuilder breaks ground for LNG vessel pair ordered by CNOOC and Petronas

Chinese shipbuilder Hudong-Zhonghua has held a steel-cutting ceremony for two liquefied natural gas (LNG) carriers it is building for a Malaysian and a Chinese client.

about 2 years ago

Business & Finance

US firm enters Latin America’s oil & gas playground as its Brazilian partner in two offshore fields sets restart date for another asset

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Houston-based Westlawn has wrapped up the acquisition of a partial stake in a concession, covering two oil fields located off the coast of Brazil. The firm’s new partner, Brava Energia, former 3R Petroleum before the merger with Enauta, has welcomed the company to Brazil and revealed a timeline for

about 2 years ago

Topside structure of an offshore plant manufactured by Dyna-Mac; Source: Hanwha Ocean

Business & Finance

Hanwha Ocean making $450 million play for Singaporean FPSO player

Hanwha Ocean has put the wheels in motion to expand its capacity in this arena by taking full control over Singapore-based offshore builder Dyna-Mac.

about 2 years ago

Digitalization is one of the growing decarbonization trends, which helps curb the vessels' greenhouse gas (GHG) emissions footprint; Source: Opsealog

Business & Finance

Interview with Opsealog: Power of digitalization levels up vessels’ energy efficiency game as shipping regulations tighten their grip on fleets’ emissions

France’s Opsealog paints a picture of the offshore supply vessel (OSV) future rich with evolving technologies, a blossoming array of propulsion tools, and decarbonization gains.

12 minutes read

Hail and Ghasha mega gas development concept; Source: ADNOC

Business & Finance

WATCH: First steel cut for mega gas project set on zero-emission ops by entwining smart tech, carbon capture, hydrogen, nuclear, and renewable power

The UAE’s ADNOC has held a ceremony to mark the cutting of the first steel for structures that will be placed at a massive sour gas development off the coast of the United Arab Emirates (UAE), which is envisioned to have fully unmanned offshore facilities and operate with zero emissions.

about 2 years ago

€24 million investment comes in, €80 million on the table for UK’s first HVDC cable factory

Business & Finance

€24M investment comes in, €80M on the table for UK’s first HVDC cable factory

UK-based XLCC, founded in 2020, has secured £20 million (almost €24 million) from the UK Infrastructure Bank (UKIB) that will be invested in the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland, with an option for a further £67 million (approximately €80.3 millio

about 2 years ago

Upper part of an offshore platform up close

Business & Finance

TotalEnergies seals long-term LNG supply deal with South Korean player

France’s energy giant TotalEnergies has signed a multi-year heads of agreement (HoA) with HD Hyundai Chemical, the chemical division of the South Korean shipbuilding conglomerate HD Hyundai, to deliver liquefied natural gas (LNG) for servicing one of the East Asian firm’s industrial sites.

about 2 years ago

Design of the P18-A platform, unmanned and equipped with solar panels and wind turbines; Credit: KCI Engineers

Business & Finance

Gas platform inches step closer to its new lease on life as ‘one of a kind’ solar-wind powered facility for carbon storage in North Sea

Progress has been made in the finalization of the design required to repurpose a former offshore gas platform into an unmanned installation equipped to run on solar and wind for permanent offshore carbon dioxide (CO2) storage in one of the depleted natural gas fields in the North Sea.

about 2 years ago

Business & Finance

Norway’s TECO 2030 sets sights on becoming global technology provider

Norway-based cleantech company TECO 2030 has decided to make a strategic shift from manufacturing fuel cells in Norway to positioning the company as a global technology provider by offering licensing agreements to international partners. TECO explained that this decision reflects its commitment to g

about 2 years ago

Milestone in for hybrid cable lay & construction vessel set for Japan's offshore wind

Business & Finance

Keel laid for Japan-bound hybrid cable lay & construction vessel

Norwegian ship designer and shipbuilder VARD has held the keel laying ceremony for what is said to be a highly customized hybrid power cable lay and construction vessel that will serve the Japanese offshore wind market. VARD is building the vessel for Toyo Construction, a Japanese general constructi

about 2 years ago

Maersk Installer subsea support vessel (illustration); Source: Maersk Supply Service

Business & Finance

Maersk Supply Service hand-picks UK firm for ‘complex’ ultra-deepwater job at Brazil’s huge oil field

Maritime Developments Limited (MDL) has been tasked with providing horizontal subsea umbilicals, risers, and flowlines (SURF) lay spread onto an I-class subsea support vessel to assist Denmark-headquartered Maersk Supply Service (MSS) with a solution development scope at a giant oil field in the pre

about 2 years ago

A rendering of three LNG plants on a coast

Business & Finance

French-Japanese duo wins FEED job for LNG project offshore Mozambique

Two engineering companies, Japan’s JGC Holdings Corporation and France’s Technip Energies, have emerged as winners of the front-end engineering design (FEED) tender launched by ExxonMobil on behalf of its partners from the Mozambique Rovuma Venture (MRV), Eni and China National Petroleum Corporation

about 2 years ago

Two men inside a room with all surfaces covered in metal

Business & Finance

European shippping firm adds tank design job to GTT’s docket for four LNG vessels

France’s technological containment specialist Gaztransport & Technigaz (GTT) has received an order from South Korea’s HD Hyundai Samho, a subsidiary of shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE), for the tank design of four new liquefied natural gas carriers (LNGCs), o

about 2 years ago

Excelerate Energy's FSRU; Source: Excelerate Energy

Business & Finance

‘World’s largest FSRU operator’ going in hot pursuit of greener ops with Wärtsilä’s reliquefaction retrofit as USA racks its brain on bridging the gap for gas project reviews

Wärtsilä is helping future-proof gas infrastructure with its reliquefaction systems, which it will deliver for retrofit and installation onboard an FSRU, owned by the U.S.-based Excelerate Energy, a liquefied natural gas (LNG) giant.

about 2 years ago