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Business & Finance

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Jiangnan Shipyard receives $470 million order for two LNG carriers
Business & Finance

Jiangnan Shipyard receives $470 million order for two LNG carriers

Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), has entered into shipbuilding contracts with compatriot insurance conglomerate China Taiping Insurance Holdings for the construction of two LNG carriers. According to the stock exchange filing, China Taiping Insurance si

about 3 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Transocean lands strategic collaboration deal with Equinor and secures more work for two rigs

Equinor has inked a strategic collaboration agreement with Transocean and added more work to the backlog of two semi-submersible rigs.

about 3 years ago
Construction support vessel adds Prysmian and Saipem to its to-do list
Business & Finance

Construction support vessel adds Prysmian and Saipem to its to-do list

CSS Subsea has entered into a charter agreement with GO Offshore for a construction support vessel (CSV) used for supporting inspection, maintenance and repair works at oil & gas and renewables projects. CSS Subsea will take delivery of the CSV GO Supporter in early April and the vessel’s first proj

about 3 years ago
Norsepower nets €28M in funding to boost production of rotor sails
Business & Finance

Norsepower nets €28M in funding to boost production of rotor sails

Finnish cleantech company Norsepower Oy has secured €28 million in its latest funding round to scale up production and expand the reach of its fuel-saving and emissions-reducing technology, rotor sails.

about 3 years ago
McDermott to work for Shell offshore Trinidad and Tobago
Business & Finance

McDermott to work for Shell offshore Trinidad and Tobago

U.S. offshore engineering and construction services firm McDermott has secured a front-end engineering design (FEED) contract with Shell for a gas development project offshore Trinidad and Tobago. Under the contract, McDermott will provide comprehensive FEED services for a wellhead platform, export

about 3 years ago
NewMed Energy
Business & Finance

BP and ADNOC buying stake in Israel’s NewMed for nearly $3.99 billion

BP and ADNOC have made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake.

about 3 years ago
New MoU signed for Greece-Africa interconnector
Business & Finance

New MoU signed for Greece-Africa interconnector

Greece-based Asso.subsea has signed a Memorandum of Understanding (MoU) with Eunice Energy Group for cooperation on the 2 GW electrical interconnection between Greece and Egypt. The project is being developed by the transnational GAP Consortium, founded by Eunice Energy Group, and is aiming to contr

about 3 years ago
The International Renewable Energy Agency (IRENA)
Business & Finance

With energy transition off-track, IRENA calls for diverting $1 trillion of annual fossil fuel investment by 2030 to accelerate it

The International Renewable Energy Agency (IRENA) has outlined the investment needs of $35 trillion by 2030 as the price for the green shift.

about 3 years ago
Power cables now in place for electrification of Utsira High
Business & Finance

Power cables now in place for electrification of Utsira High

NKT has completed the power cable systems connecting six offshore oil and gas platforms located at Utsira High to the onshore power supply. This is said to play a central role in reducing carbon emissions from the Norwegian continental shelf (NCS) with 1.2 million tonnes annually. NKT has provided t

about 3 years ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor ready to deploy Transocean rig for work in Norwegian Sea

Equinor has received consent from Norway’s offshore safety regulator to use one of Transocean’s semi-submersible rigs on a field located in the Norwegian Sea.

about 3 years ago
TotalEnergies starts binding open season for Le Havre FSRU capacity
Business & Finance

TotalEnergies starts binding open season for Le Havre FSRU capacity

TotalEnergies LNG Services France (TELSF), an affiliate of French energy major TotalEnergies, has launched a binding open season to market long-term capacity in its floating storage and regasification unit (FSRU) in Le Havre, France. As announced, the registration period for the open season starts o

about 3 years ago
Another firm joins LLOG's deepwater Gulf of Mexico project
Business & Finance

Another firm joins LLOG’s deepwater Gulf of Mexico project

Texas-based oil and gas service company Trendsetter Engineering has won a contract with LLOG Exploration Offshore for the provision of subsea hardware for a project in the U.S. Gulf of Mexico. Trendsetter will design and manufacture the subsea production manifold featuring its TCS subsea connectors,

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor gets the all-clear for North Sea drilling ops

Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using one of Odfjell Drilling’s rigs.

about 3 years ago
Island Constructor vessel; Source: Island Offshore
Business & Finance

Shell all-set to use well intervention vessel at two North Sea fields

Shell has received consent from the Norwegian regulator to use one of Island Offshore’s mobile offshore units (MOU) on two fields off Norway.

about 3 years ago
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