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Business & Finance

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N05-A platform; Source: One-Dyas
Business & Finance

Heerema’s giant heavy lift vessel tasked with putting North Sea gas platform in place

ONE-Dyas has hired Heerema Marine Contractors’ semi-submersible crane vessel (SSCV) to place its new gas platform at its designated spot in the North Sea.

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

Brazilian pair exploring gas infrastructure sharing to achieve synergies in Equatorial Margin

3R Petroleum has signed a MOU with compatriot firm PetroReconcavo to evaluate the sharing of natural gas infrastructure in the Potiguar Basin.

about 2 years ago
EU partnership looking into floating power generation hub with CO2 capture and storage
Business & Finance

EU partnership looking into floating power generation hub with CO2 capture and storage

Dutch provider of offshore floating facilities SBM Offshore and Norwegian energy solutions development company Ocean-Power have signed a partnership agreement to collaborate on a floating power generation hub with CO2 capture and storage. With the signature of a memorandum of understanding (MoU), th

about 2 years ago
FPSO Cidade de Campos dos Goytacazes MV29; Source: MODEC
Business & Finance

Brazilian oil keeps flowing as Campos Basin’s second-largest FPSO hits six-year mark

An FPSO unit operated by Japan’s MODEC on behalf of Petrobras has celebrated its sixth year of operation in the Campos Basin offshore Brazil.

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

Canada’s first large-scale LNG export facility closing in on start-up date

LNG Canada has made inroads in putting the required pieces in place to bring its LNG export terminal into operation later this year.

about 2 years ago
New VARD cable layer destined for Denmark hits the water
Business & Finance

New VARD cable layer destined for Danish firm hits the water

The cable-laying vessel (CLV) that Norwegian ship designer and shipbuilder VARD is building for Danish subsea specialist NCT Offshore has hit the water in Romania. NCT placed the order for the 95-meter-long CLV with VARD in early 2023, with Vard Design in Ålesund, Norway, in charge of the design, Va

about 2 years ago
Danaos invests $509 million in five new methanol-ready containerships
Business & Finance

Danaos invests $509 million in five new methanol-ready containerships

Danaos Corporation has ordered five new methanol-ready containerships for $509 million at Chinese shipyards.

about 2 years ago
Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Fresh oil & gas discovery in Latin America puts hub development on the table

Eni has made a new oil and gas discovery in an exploration well located in Block 9 in the Sureste Basin offshore Mexico, using a Valaris-owned semi-submersible rig.

about 2 years ago
Calcasieu Pass project (for illustration purposes); Source: Venture Global LNG
Business & Finance

LNG permitting freeze in court-imposed meltdown mode: Game over for ‘epiphany of ideocracy’ or more fierce US energy battles?

A preliminary injunction from a court in Louisiana has broken a temporary lull in approvals of U.S. liquefied natural gas (LNG) exports to non-free trade agreement (FTA) countries, widening the gap between Big Oil supporters and fossil fuel fighters while the case plays out.

34 minutes read
Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas
Business & Finance

Sea Lion ready to roar as ‘next big thing’ once Falkland Islands gives the all-clear

Navitas has confirmed that its giant Sea Lion oil project is ready for a final investment decision (FID), which is still anticipated during 2024 for Phase 1.

about 2 years ago
Selene prospect was drilled with the Valaris 123 jack-up rig; Source: Deltic Energy
Business & Finance

UK firm boosts portfolio with new license close to North Sea gas field

Deltic Energy has accepted one of the two licenses provisionally awarded under the UK’s 33rd offshore licensing round by the NSTA.

about 2 years ago
Tender process opens for UK's 680-kilometer subsea link
Business & Finance

Tender process opens for UK’s largest proposed HVDC transmission project

SSEN Transmission has opened the tendering for cable and converter work packages for Eastern Green Link 3 (EGL3), the UK’s largest proposed HVDC transmission project, which will link Peterhead in Scotland and Norfolk in England. EGL3, a joint venture between SSEN Transmission and National Grid Elect

about 2 years ago
Kristin platform; Credit: Marit Hommedal/Equinor
Business & Finance

Equinor brings online first of five oil & gas tie-backs to existing platform offshore Norway

Equinor has started production from the first well in its planned five-well project on the Norwegian Continental Shelf (NCS), being developed as a tie-back to an existing offshore platform in the Norwegian Sea.

about 2 years ago
'Industry-first' as Prysmian installs HVDC cable in waters over 2,000 meters deep
Business & Finance

‘Industry-first’ as Prysmian installs HVDC cable in waters over 2,000 meters deep

Italian cabling giant Prysmian Group has performed what is said to be the industry’s first installation of an HVDC cable at a water depth of 2,150 meters. Prysmian completed the sea trial tests for ultra-deep installation of a 500 kV HVDC MI cable at a 2,150-meter water depth, stating that this is i

about 2 years ago
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