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Business & Finance

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Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Business & Finance

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 tr

about 10 months ago
Ireland-Wales interconnector officially marked as priority energy infrastructure project
Business & Finance

Ireland-Wales interconnector officially marked as priority energy infrastructure project

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MaresConnect, a 750 MW electricity interconnector that will link Ireland and Wales, has been included in the EU’s second list of Projects of Common/Mutual Interest (PCI/PMI), confirming its status as a priority energy infrastructure project. According to developer MaresConnect Limited, owned by Fore

about 10 months ago
Louisiana LNG
Business & Finance

BOTAŞ and Woodside seal multi-year LNG deal

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has signed off on a long-term liquefied natural gas (LNG) agreement with Australia’s energy giant Woodside, which is expected to further diversify the energy mix and strengthen the security of supply for Türkiye.

about 10 months ago
Fugro’s Blue Essence USV performs its first remote survey offshore Germany
Business & Finance

Fugro’s Blue Essence USV performs its first remote survey offshore Germany

The Blue Essence uncrewed surface vessel (USV) owned by the Netherlands-headquartered Fugro has completed its first remote survey in German waters. The 12-meter-long USV delivered the work in collaboration with TenneT Germany. The J-Tube inspection was controlled entirely from Fugro’s onshore remote

about 10 months ago
UK-Slovenian partnership targets seabed data
Business & Finance

UK-Slovenian partnership targets seabed data

UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combin

about 10 months ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Drilling ops with Saipem rig cleared for take-off in North Sea

Norwegian authorities have given their blessing for exploration drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a semi-submersible rig owned by Saipem, an Italian engineering, drilling, and construction

about 10 months ago
PSV Viking Princess; Source: Eidesvik
Business & Finance

Oil & gas trio books Eidesvik’s 2013-built LNG-powered vessel

Norwegian offshore vessel owner Eidesvik Offshore has secured more work for one of its platform supply vessels (PSVs).

about 10 months ago
Dutch shipyard to build 24-meter autonomous wind-powered vessel
Business & Finance

Dutch shipyard to build 24-meter autonomous wind-powered vessel

Clippership, a U.S.-headquartered company developing autonomous wind-powered ships, has signed a construction contract for its first 24-meter class zero emission autonomous wind-powered cargo vessel with Dutch shipyard KM Yachtbuilders. The vessel features twin, foldable rigid wings for primary wind

about 10 months ago
Illustration; Source: Petrofac
Business & Finance

Wheels up for CB&I to bring Petrofac’s Asset Solutions business into its fold

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has made a play for Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning services for onshore and offshore

about 10 months ago
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business & Finance

Gas field charting its development course as Aphrodite embarks on FEED journey

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have decided to move forward with a front-end engineering design (FEED) work for an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Mediterra

about 10 months ago
Helix to go on P&A duty in UK North Sea in 2026
Business & Finance

Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 10 months ago
Prysmian and Eni to recycle plastic cable scrap
Business & Finance

Prysmian and Eni to recycle plastic cable scrap

Italian cabling giant Prysmian and Versalis, the chemical subsidiary of Italian energy giant Eni, have established a strategic partnership to give new life to plastic cable scrap through an innovative chemical recycling process. Srinivas Siripurapu, Chief Sustainability, Innovation and R&D Officer a

about 10 months ago
LNG carrier; Courtesy of Wärtsilä
Business & Finance

As Wärtsilä parts with gas solutions business, German player snaps it up

Finnish technology group Wärtsilä has decided to divest Wärtsilä Gas Solutions to Mutares SE & Co. KGaA, a German private equity investor.

about 10 months ago
TenneT selects NjordIC for Doordewind UXO consultancy work
Business & Finance

TenneT selects NjordIC for Doordewind UXO consultancy work

NjordIC has been awarded the UXO consultancy services contract for the Doordewind 1 & 2 grid connection system, commissioned by TenneT and forming part of TenneT’s offshore HVDC program supporting the Netherlands’ ambition to deliver 21 GW of offshore wind capacity. Under the contract, NjordIC will

about 10 months ago