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Business & Finance

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Illustration; Source: Saipem
Business & Finance

Saipem scores $500 million for work on two offshore oil projects in Middle East

Saipem has got its hands on multimillion-dollar assignments on two projects off the coast of Saudi Arabia with the country’s oil and gas heavyweight Aramco.

about 2 years ago
RWE’s large hydrogen projects in Germany receive €818 million boost
Business & Finance

RWE’s large hydrogen projects in Germany receive €818 million boost

The German and federal state governments have granted €818 million in funding to RWE’s large hydrogen projects.

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about 2 years ago
Pioneering Spirit removes Ekofisk 2/4 G jacket; Source: Aker BP
Business & Finance

WATCH: World’s largest offshore construction vessel takes former platform’s jacket out of North Sea as recycling time comes

Allseas has performed another removal task in the North Sea with its giant offshore construction vessel for Aker BP, a Norwegian oil and gas player.

about 2 years ago
Panoramic view of Gwangyang 1st LNG Terminal; Source: POSCO International
Business & Finance

South Korea’s LNG terminal fully operational, second due in 2026

POSCO International has completed the construction of the first non-state-owned liquefied natural gas (LNG) terminal at the country’s Gwangyang port, which is meant to increase energy security for the East Asian country.

about 2 years ago
Scarlet Ibis LNG vessel; Source: Northern Marine
Business & Finance

Hyundai Glovis welcomes first LNG carrier to its fleet

Hyundai Glovis has entered the liquefied natural gas (LNG) transportation industry thanks to the delivery of its first LNG carrier, which was overseen by ship management and marine services solutions company Northern Marine.

about 2 years ago
WATCH: After 28 days at sea, Prysmian's new cable layer reaches Norway for final fit-out
Business & Finance

After 28 days at sea, Prysmian’s new cable layer reaches Norway for final fit-out (Video)

Prysmian’s new cable laying vessel (CLV) Monna Lisa has arrived at Vard’s shipyard in Norway from Romania, with outfitting completion, installation of main mission equipment and trials now on schedule. After the Italian cable giant disclosed plans to invest in the CLV Monna Lisa, a sister vessel to

about 2 years ago
LNG heat exchanger; Source: Air Products
Business & Finance

Honeywell splashes out $1.81 billion on LNG business to boost energy transition offering

Honeywell has agreed to buy Air Products’ LNG process technology and equipment business to offer end-to-end services for global customers.

about 2 years ago
NKT confirmed as power cable supplier for Scottish subsea links
Business & Finance

NKT confirmed as power cable supplier for Scottish subsea links

Denmark’s NKT has signed a framework agreement with the Scottish transmission system operator (TSO) SSEN Transmission to deliver power cable systems for two high-voltage direct current (HVDC) transmission links in Scotland. NKT on August 28, 2023, confirmed the reservation of production and offshore

about 2 years ago
Karim Badawi, Minister of Petroleum and Mineral Resources; Source: Egypt's Ministry of Petroleum and Mineral Resources
Business & Finance

Egypt sets its cap on attracting multibillion-dollar oil & gas investment while adding more renewables to its energy mix

Egypt is determined to stimulate investment in hydrocarbon exploration and field development to drill 586 oil and gas wells by 2030 while also pursuing opportunities in scaling up renewable energy deployment to bring further green power to its electricity grid.

about 2 years ago
Cable installation on schedule at first US full-scale wave energy test site
Business & Finance

Cable installation on schedule at first US full-scale wave energy test site

Cable installation for what is the first pre-permitted, utility-scale, grid-connected wave energy test site in the U.S. is scheduled to commence later this month. The cables will support Oregon State University’s PacWave South facility, which when completed will allow wave energy developers to test

about 2 years ago
Kuwait Oil Company (KOC)
Business & Finance

‘Large’ oil & gas discovery springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has revealed a big oil and gas discovery at an offshore field east of Failaka Island, off the coast of Kuwait, fueling hopes of finding more hydrocarbons to boost the country’s resources.

about 2 years ago
Gram Car Carriers
Business & Finance

MSC acquires Gram Car Carriers, expanding reach in car transportation market

SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company — the world’s largest container shipping company, has taken a majority stake in Norwegian transportation company Gram Car Carriers (GCC).

about 2 years ago
Illustration; Source: Geo Oceans
Business & Finance

Robotic cargo oil tank inspections on FPSO pioneered by Australian firm

Geo Oceans has completed what it says is the first cargo oil tank inspection using remote robotic technology only, without any manned entry.

about 2 years ago
Shell's field disappears from horizon with heaviest offshore lift ever performed
Business & Finance

Shell’s field disappears from horizon with heaviest offshore lift ever performed

Allseas has completed the removal of the fourth and final platform from Shell’s Brent field in the UK’s North Sea as part of a decommissioning project that took over a decade to conclude. The Brent oil and gas field, located northeast of the Shetland Islands, was one of the largest fields in the Nor

about 2 years ago