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Business & Finance

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West Kingfish platform; Source: ExxonMobil
Business & Finance

ExxonMobil’s pipeline rupture at gas platform offshore Australia prompts calls to raise the regulatory action bar

The Maritime Union of Australia (MUA) is adamant that a recent gas pipeline rupture at a platform offshore Australia spotlights the need for regulatory action.

about 2 years ago
Mocean Energy's wave energy converter back to shore after 12-month offshore testing
Business & Finance

Mocean Energy’s wave energy converter back to shore after 12-month offshore testing

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Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system have returned to shore after over 12 months of testing at sea off Orkney as part of the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment.

about 2 years ago
OSG
Business & Finance

OSG wins $3M US DOE grant to design vessel for LCO2 transport

The US-based energy transportation services provider Overseas Shipholding Group (OSG), has been awarded a $3 million grant from the United States Department of Energy (US DOE) for the engineering and design of a new vessel that will transport liquified carbon dioxide (LCO2).

about 2 years ago
Fugro
Business & Finance

Fugro’s self-elevating platform moves to Japan to pursue geotechnical work

Fugro has transferred its self-elevating platform (SEP) Amberjack to Japan in order to easier support the local offshore wind market with geotechnical services. Amberjack was reflagged in December 2023 and is now based in Tokyo, from where it will be deployed to Japanese wind farm projects and provi

about 2 years ago
Noble Venturer drillship; Source: Noble Corporation
Business & Finance

Noble drillship put in charge of previously interrupted drilling campaign offshore Africa

Trident Energy has decided to resume its infill drilling campaign on Block G offshore Equatorial Guinea with a drillship owned by Noble Corporation.

about 2 years ago
Illustration; Source: Vår Energi
Business & Finance

Vår Energi’s intra-group merger approaching the finish line

Vår Energi has approved the plan for the recently announced intra-group merger with its wholly-owned subsidiary Vår Energi Norge.

about 2 years ago
UK backs AI and smart shipping solutions with fresh funding
Business & Finance

UK backs AI and smart shipping solutions with fresh funding

The UK Government has launched the Smart Shipping Acceleration Fund to drive maritime innovation and harness the benefits of artificial intelligence (AI) to boost the productivity of the maritime sector.

about 2 years ago
'World-first' eco-friendly cable protection system deployed offshore Scotland
Business & Finance

‘World-first’ eco-friendly cable protection system deployed offshore Scotland

What is said to be the world’s first eco-friendly cable protection system has been deployed at sea, The Crown Estate, UK seabed manager, reported. The UK’s Crown Estate announced that earlier this month the world’s first carbon-neutral and plastic-free cable protection was deployed off the coast of

about 2 years ago
Compressor module arrives at Pluto Train 2 construction site; Source: Woodside
Business & Finance

Woodside’s mega gas project taking shape as largest compressor module makes it to Australia

Woodside is progressing the development of its huge gas project off the coast of Western Australia with the arrival of a large compressor module at the Pluto Train 2.

about 2 years ago
Malampaya; Source: Prime Energy
Business & Finance

Gas field surpasses its export capacity to ensure energy security in Philippines due to grid alert

Prime Energy has tucked a new export capacity milestone under its belt at a natural gas field off the coast of the Philippines, Asia.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Middle East’s brewing cauldron of geopolitical tensions: Are oil & gas and LNG prices at risk of spiking to 2022 levels?

The Iran-Israel escalation puts the Middle East on the verge of a wider war with the potential to wreak havoc on global trade flows, and oil, gas, and LNG exports.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business & Finance

Technip Energies wins multi-million assignment on TotalEnergies’ LNG project in Oman

Technip Energies has won an EPC contract for an LNG project in Oman, developed by an integrated company consisting of TotalEnergies and OQ.

about 2 years ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

TotalEnergies becoming sole owner of Malaysian firm to boost gas production

TotalEnergies has taken steps to bolster its gas production in Malaysia by signing a deal with Sapura to obtain its entire stake in SapuraOMV.

about 2 years ago
Balticconnector gas pipeline back in operation following six-month shut-down
Business & Finance

Balticconnector gas pipeline back in operation following six-month shut-down

The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec

about 2 years ago