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Business & Finance

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LNG terminal
Business & Finance

TotalEnergies earmarks annual spend of up to $17 billion over next five years

TotalEnergies aims to keep its oil equivalent production steady at around 3 million barrels per day through 2035.

25 days ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

North Sea appraisal ops up the oil & gas discoveries’ projected size

Three Norwegian oil and gas players – Aker BP, Equinor, and DNO – have carried out appraisal drilling activities on two hydrocarbon discoveries in the North Sea off the coast of Norway, raising the estimated size of these finds.

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28 days ago
Buzzard; Source: Worley
Business & Finance

CNOOC keeping Worley busy on its North Sea assets for five more years

Australia’s engineering firm Worley has picked up a multi-year renewal of its assignment in the North Sea with CNOOC International, a subsidiary of China’s CNOOC, supporting the operator’s offshore operations on the UK Continental Shelf (UKCS).

28 days ago
Fit-out of NeuConnect’s converter stations in progress
Business & Finance

Fit-out of NeuConnect’s converter stations in progress

Fit-out works are currently underway on the converter stations in Germany and the UK for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the two countries. The construction of the 24-meter-high, 70-meter-wide converter hall buildings reac

28 days ago
Omega Subsea to mobilize ROV systems on two NKT cable layers
Business & Finance

Omega Subsea to mobilize ROV systems on two NKT cable layers

Omega Subsea has secured a five-year agreement with NKT to provide a remotely operated vehicle (ROV) system for the newbuild cable-laying vessel (CLV) NKT Eleonora, following the contract for NKT Victoria reported last June. The agreements are part of a wider investment program as part of which Omeg

28 days ago
LD Armateurs welcomes multipurpose support vessel to its fleet
Business & Finance

LD Armateurs welcomes multipurpose support vessel to its fleet

LD TravOcean, a subsidiary of Louis Dreyfus Armateurs (LD Armateurs) specialized in subsea cable installation and protection, has taken delivery of the DP2 multipurpose support vessel TVO Mariner, previously known as SIDDIS Mariner, following the acquisition announced in April. The 88.3-meter vessel

28 days ago
LNGT Türkiye sets sail as the seventh FSRU delivered by Seatrium for Karpowership, completing an eight-year conversion program; Source: Seatrium
Business & Finance

Last FSRU in seven-vessel conversion program boosts Karpowership’s LNG-to-power value chain

Karpowership, Türkiye’s floating power solutions provider and owner and operator of powerships, has finished its multi-vessel liquefied natural gas (LNG) carrier-to-floating storage and regasification unit (FSRU) conversion program with the completion of the seventh FSRU at a yard belonging to Singa

29 days ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron and Egypt discuss next steps to speed up Mediterranean gas project

Egypt is putting its foot on the gas pedal in a bid to fast-track its Mediterranean energy hub ambitions by holding high-level talks with the U.S.-headquartered energy giant Chevron to secure an accelerated timeline to link its infrastructure to a gas field off the coast of Cyprus.

29 days ago
Deepsea Yantai; Source: Odfjell Drilling
Business & Finance

Go-ahead for DNO’s North Sea drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player DNO has secured the thumbs-up from the country’s authorities for drilling activities in the North Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

29 days ago
WATCH: Construction starts on ‘world’s most powerful’ trenching support vessel
Business & Finance

WATCH: Construction starts on ‘world’s most powerful’ trenching support vessel

China Merchants Heavy Industry (CMHI) has started the construction of the first of two Asso.subsea’s trenching support vessels (TSV), described as the most powerful TSV ever built. Asso.subsea reported on September 23 that the steel-cutting ceremony was held for the TSV Avra at the CMHI Shenzhen shi

29 days ago
Construction ramps up at Orkney Islands’ first link to UK mainland
Business & Finance

Construction ramps up at Orkney Islands’ first link to UK mainland

Nexans has started the installation of the underground land cable for an electricity interconnector that will connect the Orkney Islands to the UK mainland for the first time. Orkney Link, developed by SSEN Transmission, will comprise a new substation being built at Finstown, approximately 14 kilome

about 1 month ago
Subsea Cable Assets wins first contract with Saipem, worth $20 million
Business & Finance

Subsea Cable Assets wins first contract with Saipem, worth $20 million

Netherlands-headquartered Subsea Cable Assets (SCA) has won its first contract with Saipem for cable transportation and transpooling services in the Caspian region, valued at approximately $20 million. Under the contract secured with Saipem Contracting Netherlands BV, SCA will provide engineering, s

about 1 month ago
Equinor ordered to address organisational, technical and safety challenges at North Sea platform
Business & Finance

Allseas books ABL for 60,000-ton topside single-lift ops in next North Sea decom chapter

Energy and marine consultancy ABL, part of Oslo-listed global consultancy group Aqualis, has been hired by Switzerland-based offshore contractor Allseas to support the lifting of a massive 60,000-ton topside in a single motion as part of a North Sea decommissioning project on the Norwegian Continent

about 1 month ago
WATCH: Dutch methanol-ready subsea rock installation vessel launched
Business & Finance

WATCH: Dutch methanol-ready subsea rock installation vessel launched

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has launched its first of two subsea rock installation (SRI) vessels. The company announced in November 2024 that it had placed an order for the construction of two

about 1 month ago