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Business & Finance

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Subsea7 tendering work for 'major' EPCI projects with offshore activity in 2026 and beyond
Business & Finance

Subsea7 tendering work for ‘major’ EPCI projects with offshore activity in 2026 and beyond

Subsea7 has reported revenue of $1.6 billion for the third quarter of the year, an increase of $174 million or 12% compared to the same period in 2022, mainly due to significantly increased activity in the Subsea and Conventional business unit. With this, the company said it was on track to meet gui

about 2 years ago
Askepott rig; Source: Equinor
Business & Finance
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KCA Deutag in charge of electrification project enabling Equinor to get its first onshore powered rig

KCA Deutag’s Kenera business unit has been hired for a rig electrification project by Norway’s state-owned energy giant Equinor.

about 2 years ago
FPSO Cidade de Vitória; Source: Saipem
Business & Finance

Saipem wraps up sale of FPSO working off Brazil

Saipem has brought to an end its divestment process related to an FPSO vessel working in the Espírito Santo Basin offshore Brazil.

about 2 years ago
Illustration; Courtesy of MODEC and Terra Drone
Business & Finance

MODEC turns to drones to tackle FPSO and offshore platform inspection challenges

MODEC has joined forces with Terra Drone to pursue the technical development of inspection drones for FPSOs and large offshore platforms.

about 2 years ago
FLNG Gimi's departure; Source: Golar LNG
Business & Finance

New FLNG sets sail from Seatrium shipyard towards BP’s giant gas project

BP is two months away from welcoming the arrival of an FLNG destined for its LNG project off the coasts of Mauritania and Senegal.

about 2 years ago
Carbon capture and storage project off Malaysia to start operating by 2028
Business & Finance

Carbon capture and storage project off Malaysia to kick off by 2028

Three Japanese companies have signed a key principles agreement (KPA) with Petronas for the maturation and development of a carbon capture and storage (CCS) project offshore Malaysia, aiming for commercialization by the end of 2028. Japan Petroleum Exploration (JAPEX), JGC Holdings Corporation (JGC

about 2 years ago
NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says
Business & Finance

NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says

A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise

about 2 years ago
Hy2gen and Amogy team up on ammonia-powered energy solutions
Business & Finance

Hy2gen and Amogy team up on ammonia-powered energy solutions

Hy2gen Norge, a subsidiary of hydrogen company Hy2gen, and Amogy, an ammonia power solutions company, have signed a memorandum of understanding (MoU) to collaborate in the field of renewable ammonia in Norway. The agreement encompasses the pooling of resources to advance the use of renewable ammonia

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Green light for Vår Energi to kick off drilling ops with Transocean rig

Vår Energi has received consent to use one of Transocean’s semi-submersible rigs on a field located in the Barents Sea.

about 2 years ago
Egyptian govt taps Jan De Nul for Egypt-to-Europe undersea export cable
Business & Finance

Egyptian govt taps Jan De Nul for Egypt-Europe undersea export cable

Jan De Nul has signed an agreement with the Egyptian government, represented by the Egyptian Electricity Transmission Company (EETC), to start a study for the construction of an undersea export cable between Egypt and Europe. In late September, the Egyptian government reaffirmed its plans to build a

about 2 years ago
Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Business & Finance

ExxonMobil CEO: World in need of plan to address climate change alongside energy needs

ExxonMobil is taking several steps to slash its GHG footprint and its CEO believes that oil and gas industry can help the world curb emissions.

about 2 years ago
Illustration/QED Naval’s SubHub platform with Tocardo tidal turbines (Courtesy of QED Naval)
Business & Finance

Marine Energy Wales applauds price increase for offshore renewables in next CfD auction

Marine Energy Wales has welcomed the increase in administrative strike prices for offshore wind and tidal energy in the next UK government’s contracts for difference (CfD) allocation round.

about 2 years ago
Subsea7 to decommission subsea infrastructure related to 20-year-old FPSO
Business & Finance

Subsea7 to decommission subsea infrastructure related to 20-year-old FPSO

Subsea 7 has secured what it says is a “sizeable” contract by Shell for the decommissioning of subsea infrastructure offshore Brazil. The contract will see Subsea 7 deliver the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupirá and Salema fields of the Campo

about 2 years ago
European ministers urged to streamline renewable hydrogen financing
Business & Finance

European ministers urged to streamline renewable hydrogen financing

In a joint letter, CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank. According to the CEOs, the cri

about 2 years ago