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Business & Finance

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DecommissioningFossil EnergyOil & GasSubseaBusiness Developments & ProjectsFPSOFPSO & VesselsProduction & ProcessingExploration & ProductionLow-Carbon TransitionCarbon Capture Usage & StorageCollaborationTransitionGreen MarineInfrastructureOutlook & StrategyVesselsDeepwater InstallationLiquefied Natural GasVessels & VehiclesMarine EnergyTidal & Wave EnergyAuthorities & GovernmentProject & TendersResearch & DevelopmentTechnologyRigsRegulation & PolicyInterconnectorsEnvironmentSafety
Campbell platform; Source: Santos
Business & Finance

McDermott’s ‘custom-built’ lifting cradle puts the icing on the decom cake offshore Australia

U.S. offshore engineering and construction player McDermott has brought a decommissioning assignment to an end off the coast of Western Australia.

about 2 years ago
FPSO Alvheim; Source: Aker BP
Business & Finance

First oil flows from subsea tie-back to North Sea FPSO months ahead of schedule

Aker BP has kicked off production from an offshore oil field project in the North Sea, which has been tied back to a floating production, storage, and offloading (FPSO) vessel operating off the coast of Norway.

about 2 years ago
Judy platform; Source: Harbour Energy
Business & Finance

‘Big step forward’ for Harbour Energy as it takes hold of Wintershall Dea’s oil & gas assets

Harbour Energy has brought into its fold all upstream business assets that used to belong to Germany’s Wintershall Dea, aside from the ones in Russia, after wrapping up an $11.2 billion acquisition.

about 2 years ago
Ravenna Hub; Source: Ravenna CCS
Business & Finance

Eni and Snam start the CO2 injection ball rolling at Italy’s first carbon capture and storage project

Eni and Snam have got down to the CO2 injection business at the first carbon capture and storage (CCS) project in Italy, which comes with a facility fully powered by electricity from renewable sources, avoiding further CO2 emissions.

about 2 years ago
Christiania Shipping to enrich fleet with 13 stainless steel chemical carriers through new acquisition
Business & Finance

Christiania Shipping to enrich fleet with 13 stainless steel chemical carriers through new acquisition

Christiania Shipping, a specialized chemical ship-owning and chartering company, has set its sights on becoming the preferred infrastructure partner for the transport of small-scale chemicals in Europe through the acquisition of NAVQUIM Holding, an owner and operator of stainless steel chemical carr

about 2 years ago
Saturation diving work on GTA project; Source: Rana Diving
Business & Finance

Italian and French players lend Saipem a helping hand with ‘critical’ subsea ops at BP’s largest gas project

Rana Diving and Bourbon have assisted in wrapping up subsea work off the coasts of Mauritania and Senegal at a project that is said to be the biggest one in the portfolio of BP.

about 2 years ago
Illustration of Magallanes Renovables tidal stream device. Source: UK Marine Energy Council
Business & Finance

UK awards six tidal stream projects with Contracts for Difference in Allocation Round 6

The UK government has unveiled the results of Allocation Round 6 (AR6) of the contracts for difference (CfD) renewable auction, with six projects across five sites securing contracts to deliver 28 MW of tidal stream capacity at a rate of £172/MWh (approximately $225/Mwh). AR6 marks the third consecu

about 2 years ago
LNG Canada marine terminal, Kitimat, March 2024; Courtesy of Shell-led LNG Canada
Business & Finance

‘Pivotal’ move for Canada’s first LNG export facility to come online

With the first natural gas feed and flaring, LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, is taking a key action toward putting into operation mode its liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia (B.C.).

about 2 years ago
Port of Rotterdam through which Porthos pipeline will run; Source: Port of Rotterdam
Business & Finance

Porthos in the making: New construction steps setting the stage for first Dutch large-scale North Sea carbon transport and storage project

With the infrastructure buildout phase underway, the foundation stone has been laid down for the first large-scale Dutch carbon capture and storage (CCS) project.

about 2 years ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corporation
Business & Finance

Noble and Diamond Offshore days away from becoming one as final regulatory approval slides into place

Noble Corporation and Diamond Offshore have managed to get all regulatory requirements out of the way, thus, their business combination is anticipated to be completed in a couple of days.

about 2 years ago
HVDC cable from each converter station two pairs of HVDC cables, one positive and one negative, will connect to a remote station. The cables will run underground from the converter stations to the coa
Business & Finance

Fears over national security threaten to nip UK – France subsea interconnector in the bud

As the proximity to a naval base stokes defense and national security concerns, will the Ministry of Defence’s objection be the final nail in the coffin for this bi-directional green electric power link?

11 minutes read
FPSO Norne; Source: Equinor
Business & Finance

Norway’s DNO building up oil & gas portfolio through new acquisitions and drilling ops

DNO has been stockpiling its oil and gas arsenal by pursuing acquisitions of offshore fields and searching for more hydrocarbons on the Norwegian Continental Shelf (NCS).

about 2 years ago
CTV Skandi Hercules; Source: DOF
Business & Finance

DOF lines up another assignment in Asia Pacific thanks to decom gig for 2010-built vessel

DOF Group has won a new subsea deal in the Asia Pacific (APAC) region for one of its multi-purpose subsea vessels with construction support vessel (CSV) features.

about 2 years ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

Delay on the cards for first oil from flagship North Sea project, as operator puts the brakes on investment activity while uncertainty permeates UK’s fossil fuels arena

NEO Energy has decided to slow down investment plans across its portfolio. As a result, the start-up timeline for the firm’s oil redevelopment project in the North Sea may be postponed.

about 2 years ago
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