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Business & Finance

Floating solar demonstrator launches in the Canary Islands

Norwegian company Ocean Sun and its partners have launched an offshore floating solar demonstrator in La Palma, Spain. The BOOST (Bringing Offshore Ocean Sun to the global market) floating solar demonstrator uses Ocean Sun’s patented floating solar photovoltaics (FPV) technology and marks the final

about 2 years ago

Business & Finance

Valaris drillship staying in Brazil for multi-year gig with Petrobras

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Valaris has tucked a long-term contract in Brazil under its belt for one of its drillships, which will carry out operations for Petrobras.

about 2 years ago

Business & Finance

Contract with TotalEnergies marks Ocean Installer’s second-largest in history

Norway’s Ocean Installer has secured what it says is its second-largest contract in company history thanks to a deal with TotalEnergies in Angola. Ocean Installer, in consortium with Oceaneering, has secured a “significant” contract from TotalEnergies EP Angola and its partners of Block 17 to execut

about 2 years ago

Santos signs P’nyang gas deal for PNG LNG

Business & Finance

Kumul obtains funding to purchase PNG LNG stake from Santos

Papua New Guinea’s (PNG) Kumul Petroleum Holdings has secured funding to acquire 2.6% of PNG LNG stake from Australian energy company Santos. According to Santos, Kumul paid approximately $250 million into escrow with Santos as part payment of the purchase price and executed binding funding arrangem

about 2 years ago

Business & Finance

World’s largest interconnector begins operating

The Viking Link electricity interconnector between the UK and Denmark has commenced operations, now transporting power between the two countries. Deemed the world’s longest land and subsea interconnector, the £1.7 billion Viking Link started commercial operations on December 29, 2023. The link has

about 2 years ago

Business & Finance

Oilfields project offshore China comes on stream

CNOOC Limited has kicked off production from oilfields Phase II development project in the South China Sea, offshore China.

about 2 years ago

Business & Finance

Galp’s drilling ops offshore Namibia bring ‘preliminary’ signs of hydrocarbons

Galp is currently drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries.

about 2 years ago

Dover is a planned subsea tie-back to Appomattox, a Shell-operated production hub in the U.S. Gulf of Mexico; Source: Shell

Business & Finance

Round up: Major multi-billion oil & gas projects greenlighted in 2023

While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.

about 2 years ago

Deepwater Titan drillship; Source: Transocean

Business & Finance

Offshore drilling highlights: Top paid rigs in 2H 2023

Three rigs stand out as the highest-paid ones during the second half of 2023. Unsurprisingly, all three spots were taken by drillships.

about 2 years ago

Business & Finance

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago

Business & Finance

Shell hands out work for its new Gulf of Mexico FPU to Seatrium

Shell has picked Seatrium for the construction and integration of its new FPU destined for its project in the U.S. Gulf of Mexico.

about 2 years ago

Business & Finance

2024 offshore drilling outlook: Westwood’s top three predictions for rig market

Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.

about 2 years ago

Business & Finance

Shell ready to embark on seabed survey activities at natural gas field

Shell has tucked a green light for its environment plan (EP) under its belt for a seabed survey on the Crux natural gas field off Australia.

about 2 years ago

Business & Finance

Woodside all set for ops at Australian gas project

Woodside has received a stamp of approval for an environment plan, covering seabed intervention and trunkline installation off Australia.

about 2 years ago