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Business & Finance

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Fossil EnergyOil & GasBusiness Developments & ProjectsCollaborationIT & SoftwareOutlook & StrategyTechnologyLiquefied Natural GasLow-Carbon TransitionAuthorities & GovernmentExploration & ProductionRegulation & PolicyCablingInterconnectorsSubseaVessels & VehiclesTransitionPipesMarine EnergyTidal & Wave EnergyProject & TendersResearch & DevelopmentOffshore WindFPSO & VesselsCarbon Capture Usage & StorageEnvironmentInnovationVessels
Shell leveraging Swiss digital twin technology to optimize global offshore assets
Business & Finance

Shell leveraging Swiss digital twin technology to optimize global offshore assets

Switzerland-headquartered structural performance management software solutions provider Akselos has signed a strategic enterprise agreement with Shell Information Technology, a subsidiary of the UK-based energy giant Shell, to widen their existing collaboration to encircle the energy major’s worldwi

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

Gato Negro seeks US stamp of approval for vicennial LNG export via ship from Pacific coast

Mexico-based Gato Negro has requested a 20-year permit from the U.S. to export natural gas to Mexico via pipeline, turn it into LNG and ship it to countries via the Pacific Ocean.

about 2 years ago
NKT has completed the turnkey project of connecting the Shetland Islands to the main grid in Scotland with the Shetland HVDC Link. The 320 kV HVDC interconnector is now a key contributor to the integr
Business & Finance

Energization of Europe’s first and world’s second multi-terminal HVDC subsea link goes full steam ahead

NKT has wrapped its assignment on a 260-kilometer high-voltage direct current (HVDC) subsea link, which is envisioned to lend a helping hand in ensuring Shetland’s supply of clean, low-carbon power, enabling 600 MW of renewable generation as remote North Sea islands connect to Britain’s main grid in

about 2 years ago
The 2-kilometer-long cooling bundle for Fenris was slowly towed to sea; Source: Aker BP
Business & Finance

Installation of 2-kilometer-long cooling bundle for North Sea field underway in Norwegian waters

Aker BP has confirmed the start of installation activities for a 2-kilometer-long cooling bundle at its field in the North Sea, as part of its development project which will ensure a lifetime extension for the Valhall field on the Norwegian Continental Shelf (NCS) past 2028.

about 2 years ago
A consortium led by the Norwegian company Ocean Oasis has secured a grant of nearly €6 million from the European Union (EU) to enhance the supply of desalinated water from floating buoys in deep water
Business & Finance

EU backs Ocean Oasis with nearly €6M to advance wave energy-powered desalination tech

A consortium led by the Norwegian company Ocean Oasis has secured a grant of nearly €6 million from the European Union (EU) to enhance the supply of desalinated water from floating buoys in deep water off the coast of Gran Canaria, Spain. The European Executive Agency on Climate, Infrastructure, and

about 2 years ago
TotalEnergies INTOG
Business & Finance

TotalEnergies’ floating offshore wind project to power UK oil & gas platform

France’s TotalEnergies plans to launch a floating offshore wind pilot project to supply renewable energy to the Culzean offshore platform in the UK North Sea. The 3 MW floating wind turbine will be located two kilometers west of the Culzean platform, 220 kilometers off the eastern coast of Scotland.

about 2 years ago
Hengtong Submarine Power Cable
Business & Finance

Subsea cable deal in Iceland enables Chinese firm to widen its grasp over Europe’s energy market

Hengtong Submarine Power Cable has secured a new submarine power cable project in Iceland.

about 2 years ago
Jun Zhu, Senior Concept Designer at Altera Infrastructure, presents next-generation FPSO; Credit: Nadja Skopljak/Offshore Energy
Business & Finance

MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

Japan’s MODEC and the UK-based Altera Infrastructure have set their caps on addressing the pressing challenges of the energy transition era by accelerating the shift toward a more sustainable future while supporting the security of power supply.

about 2 years ago
Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activ
Business & Finance

Petrobras and TGS join forces to drive innovation and sustainability in Brazil’s energy sector

Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activities in Brazil. According to TGS, this MoU establishes a strategic partnership between the compani

about 2 years ago
Hybrid power ocean energy construction vessel (OECV); Source: VARD
Business & Finance

Second shipbuilding deal for hybrid ocean energy construction vessel expands VARD’s orderbook

Island Offshore has taken steps to enlarge its fleet by placing a new order with VARD, covering the design and construction of another hybrid power ocean energy construction vessel (OECV) three months after ordering the first one.

about 2 years ago
A vessel sailing
Business & Finance

Asian shipbuilder’s ‘cutting-edge’ vessel pair makes its way to ADNOC L&S

Singapore-based shipbuilder Strategic Marine has delivered two fast crew boats (FCBs) to the UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC).

about 2 years ago
NKT Victoria cable laying vessel waiting in waters off Weisdale Voe; Source: SSEN Transmission
Business & Finance

North Sea subsea interconnector among ‘major’ clean energy duo bringing over $165 million to UK archipelago

SSEN Transmission has revealed an investment of £125 million (close to $165.2 million), which the construction of two big green energy projects poured into the local islands’ economy and businesses located in Shetland.

about 2 years ago
Namibia's Orange basin; Source Impact Oil & Gas
Business & Finance

Canadian firm makes a play for larger stake in Namibia’s offshore oil discovery and exploration opportunities

Africa Oil Corp. has set the wheels in motion to expand its ownership interest in Impact Oil and Gas, which has hydrocarbon, exploration, and appraisal assets in the Orange Basin off the coast of Namibia.

about 2 years ago
Siem Helix 1; Source: Sea1 Offshore, former Siem Offshore
Business & Finance

Helix bags $786 million for multi-year well intervention ops with two vessels offshore Brazil

Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras.

about 2 years ago
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