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Business & Finance

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Fossil EnergyOil & GasRigsBusiness Developments & ProjectsExploration & ProductionProject & TendersTransitionFPSO & VesselsLow-Carbon TransitionPorts & LogisticsOffshore WindSubseaVessels & VehiclesVisionClean FuelHydrogenMarine EnergyProductionTidal & Wave EnergyWind FarmsAuthorities & GovernmentCarbon Capture Usage & StorageRegulation & PolicyCablingGridVesselsGreen MarineInnovationOutlook & StrategyLiquefied Natural GasCertification & ClassificationInfrastructure
Transocean Spitsbergen rig; Source: Transocean
Business & Finance

Transocean rigs fetch $656 million for eight drilling gigs

Transocean has landed multi-million contracts and extensions in the U.S. Gulf of Mexico, Norway, Australia, and Brazil for seven floaters, encompassing four drillships and three semi-submersible rigs.

about 2 years ago
Helmerich & Payne
Business & Finance

Helmerich & Payne’s $2 billion KCA Deutag acquisition secures rig fleet boost and top spot in largest oil & gas regions

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In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.

about 2 years ago
FPSO Johan Castberg; Source: Equinor
Business & Finance

Oil & gas production uptick sets the scene for ‘solid’ financial performance as Equinor bolsters low-carbon shift with spike in renewables

Equinor has maintained a stable net profit in Q2 2024, with a drop quarter on quarter but a slight increase compared to the same period 2023.

about 2 years ago
Akcakoca production platform; Source: Trillion Energy
Business & Finance

Perforations at Trillion’s Black Sea gas field yield mixed results

Canada’s Trillion Energy has shared the latest information on the flow rates and well perforations at its gas field off the coast of Türkiye.

about 2 years ago
FPSO Western Isles; Source: NEO Energy
Business & Finance

FPSO staying in Scotland’s Orkney Islands for revamp ahead of redeployment to UK firm’s flagship North Sea oil project

A 2017-built FPSO, destined to work on a redevelopment project in the North Sea, will spend up to a year in Scapa Flow, according to Orkney Harbour Authority.

about 2 years ago
Cyan Renewables, a portfolio company of Seraya Partners, has closed the agreement to acquire Australian offshore vessel player, MMA Offshore, adding 20 vessels to its fleet and gaining expertise in th
Business & Finance

Cyan Renewables acquires MMA Offshore, expands fleet and expertise

Singapore-based Cyan Renewables, a portfolio company of Seraya Partners, has closed the agreement to acquire Australian offshore vessel player, MMA Offshore, adding 20 vessels to its fleet and gaining expertise in the Australian offshore wind market.

about 2 years ago
Hornsea Project One; Source: Ørsted
Business & Finance

UK’s state-owned clean energy firm, Crown Estate to back offshore wind, CCS, hydrogen, marine energy projects

The UK government will today (July 25) introduce a bill to establish Great British Energy, a publicly owned clean energy company. Ahead of issuing the bill, the government revealed a partnership between the new company and The Crown Estate. The tie-up is said to lead to 20-30 GW in new offshore wind

about 2 years ago
Second Jan De Nul XL cable layer named after Irish scientist
Business & Finance

Second Jan De Nul XL cable layer named after ‘scientific genius’

Jan De Nul has named its new XL cable-laying vessel (CLV), identical to the Fleeming Jenkin ordered last year, after the Irish physicist William Thomson. William Thomson, ordered earlier this year, will have three carousels and a cable-carrying capacity of 28,000 tonnes, the same as the previously o

about 2 years ago
Nigeria LNG; Source: Oil and Gas Free Zones Authority (OGFZA)
Business & Finance

Exodus from Nigeria’s onshore arena continues with another oil major selling operated assets to go after deepwater and LNG plays

Eni has cleared all the regulatory hurdles that stood in the way of selling its subsidiary focused on onshore oil and gas and power generation in Nigeria.

about 2 years ago
FPSO Petrojarl Kong and FSO Yamoussoukro; Source: Eni
Business & Finance

Eni’s revamped FPSO and FSO getting ready to set sail for ‘Africa’s first net-zero emissions’ oil & gas project (Video)

Eni and Altera Infrastructure have held a naming ceremony for an FPSO and FSO, which underwent conversion works for a year.

about 2 years ago
TotalEnergies buys into RWE’s Dutch offshore wind farm to produce green hydrogen
Business & Finance

TotalEnergies buys into RWE’s Dutch offshore wind farm to produce green hydrogen

RWE and TotalEnergies have entered into an agreement under which TotalEnergies will acquire a 50% stake in RWE’s OranjeWind offshore wind farm in the Netherlands. TotalEnergies said it would use its share of the electricity from the 795 MW OranjeWind to produce green hydrogen. The new partners have

about 2 years ago
Naming ceremony for FPSO Almirante Tamandaré; Source: SBM Offshore
Business & Finance

SBM Offshore holds naming ceremony for huge Brazil-bound FPSO (Gallery)

SBM Offshore has officially named an FPSO destined to work at a giant field off the coast of Brazil for Petrobras.

about 2 years ago
Contract signing ceremony; Source: ABS
Business & Finance

ABS to class Singaporean shipbuilder’s FPSO pair destined for Brazil

Seatrium has handed out a classification contract to ABS for two newbuild FPSO vessels the former is building for Petrobras.

about 2 years ago
Prysmian to use €450M EIB funding for new cable production lines
Business & Finance

Prysmian to use €450M EIB funding for new cable production lines

Italian cabling giant Prysmian has secured €450 million in funding from the European Investment Bank (EIB) that will be used for building new production lines for extra-high-voltage submarine cables, lines for high-voltage onshore cables, and other technical improvements to existing lines. The inves

about 2 years ago