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Business & Finance - Offshore Energy

Business & Finance

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Business & Finance

Dutch floating power hub for remote subsea assets secures €3.2M gov’t push

Dutch offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have secured a €3.2 million subsidy from the Netherlands Enterprise Agency (RVO) to develop an offshore floating power hub for remote subsea assets. The Steady Seas research program will advance t

about 3 months ago

ADNOC Drilling enriches its rig fleet with the first AI-enabled walking island rig; Courtesy of ADNOC Drilling

Business & Finance

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First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule

Abu Dhabi-headquartered ADNOC Drilling, one of the Middle East’s drilling and integrated drilling services (IDS) providers, has taken delivery of its first automated walking island rig running on artificial intelligence (AI) technologies, accelerating autonomous offshore operations in the United Ara

about 3 months ago

Business & Finance

Equinor eyes final call on Norway’s largest undeveloped oil discovery by 2027-end

Norway’s state-owned energy giant Equinor has submitted a proposed program for the environmental impact assessment (EIA) of a possible field development in the Barents Sea for public consultation.

about 3 months ago

Business & Finance

After Saipem and TechnipFMC, Baker Hughes hired for Angolan ultra-deepwater development

Following contracts awarded to Saipem and TechnipFMC, Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has selected Baker Hughes to deliver subsea production systems for its ultra-deepwater development in Angola. The Greater PAJ project is described as Angola’s first integrated cro

about 3 months ago

Perenco hits decommissioning milestone in Southern North Sea despite 'challenging conditions'

Business & Finance

Perenco pens gas deal for Southeast Asian offshore project

Perenco Vietnam, part of Anglo-French oil and gas player Perenco, has inked a gas sales and purchase agreement (GSPA) for a project off the coast of Vietnam, Southeast Asia.

about 3 months ago

Business & Finance

BP, ONGC upping the production ante in ‘most prolific’ oil & gas region offshore India

UK-headquartered energy giant BP has joined forces with India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) to bolster hydrocarbon output in the Western Offshore Basin (Arabian Sea), seen as India’s “most prolific” offshore hydrocarbon region.

about 3 months ago

Business & Finance

Hitachi Energy wins €770M contract for first Europe-Africa interconnector

Hitachi Energy has secured a contract worth approximately €770 million for the construction of converter stations for the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna

about 3 months ago

Rig move illustration; Source: ABL, part of Aqualis

Business & Finance

44 jack-up rigs relocated in race against monsoon season

ABL, part of Oslo-listed global consultancy Aqualis, has landed a hand to India’s government-owned energy giant Oil and Natural Gas Corporation Limited (ONGC) in the preparation for the monsoon season by helping reposition the offshore rig fleet deployed in the Asian country’s waters.

about 3 months ago

Business & Finance

Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has won a contract with TotalEnergies that includes the recovery of around 1,000 tons of subsea infrastructure. Awarded for the Byggve, Skirne and Atla fields in the North Sea, the project covers engineerin

about 3 months ago

Business & Finance

Namibia license farm-out drawing to a close with ministerial approval

Tower Resources, the AIM-listed oil and gas company focused on Africa, has inched closer to the finish line of its farm-out deal for a license off the coast of Namibia.

about 3 months ago

Business & Finance

2009-built source vessel to work in West Africa for three months

After completing work in the Western Hemisphere, Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, is taking its source vessel to West Africa. The 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, has been awarded a contract for ocean bot

about 3 months ago

Business & Finance

North Sea oil output on the rise as FID moves coordinated subsea development forward

Norway’s oil and gas player Vår Energi is setting the wheels in motion to bring subsea tie-back development projects in the North Sea to life, in a bid to bolster the oil production arsenal on the Norwegian Continental Shelf (NCS).

about 3 months ago

Business & Finance

Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea

Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu

about 3 months ago

Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem

Business & Finance

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries.

about 3 months ago