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Business & Finance

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Eco Wave Power reports continuous operations of its Israeli pilot project
Business & Finance

Eco Wave Power reports continuous operations of its Israeli pilot project

Eco Wave Power has reported that its wave energy project at the Jaffa Port in Israel had operated continuously during March, with approximately six days of moderate wave conditions in the range of one to two meters, generating over 1,200 kWh of renewable electricity. The EWP-EDF One wave energy proj

about 5 months ago
Capricorn’s NewMed merger plan runs up against strong shareholders’ opposition
Business & Finance

Saudi player’s takeover bid deadline for UK oil & gas firm gets prolonged

UK-headquartered Capricorn Energy, formerly known as Cairn Energy, has confirmed the extension of the deadline for a potential takeover offer from Alamadiyaf al-Masiyyah, a member of Saudi Arabia’s Cafani Group.

about 5 months ago
Illustration; Credit: Morten Berentsen/NOD
Business & Finance

Time slipping away to develop one of Norway’s largest untapped gas discoveries

The Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has taken steps to carry out a study of one of the largest undeveloped gas discoveries on the Norwegian Continental Shelf (NCS) to speed up the process of attracting interest in its development while the infrastructu

about 5 months ago
Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water
Business & Finance

Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water

France’s Nexans has completed a deep-fjord 420 kV subsea cable project for Norway’s transmission system operator (TSO) Statnett, set to strengthen the regional transmission grid serving Bergen and nearby industrial areas. Nexans secured the project in 2022 for the engineering, manufacturing and inst

about 5 months ago
An offshore rig
Business & Finance

Oil & gas duo join forces to find rig for drilling campaigns in Southeast Asia

SundaGas Banda Unipessoal, a wholly owned subsidiary of the UK-based and AIM-listed Sunda Energy, has teamed up with Finder Timor-Leste, a subsidiary of Perth-based oil and gas exploration player Finder Energy, to obtain a rig for the two companies’ drilling programs off the coast of the Democratic

about 5 months ago
A man looking at a large vessel at sea
Business & Finance

Subsea7 and OneSubsea strike long-term collaboration with Petronas in Suriname

Subsea Integration Alliance (SIA), comprising SLB OneSubsea and Subsea7, and Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned oil & gas firm Petronas, have signed a strategic collaboration agreement for field development projects in Suriname. The agreement establishes a long-term framew

about 5 months ago
Commonwealth LNG design; Source: Commonwealth LNG
Business & Finance

$12.5 billion US LNG project nearing FID with full commercialization in hand

America’s integrated gas and LNG company Caturus, controlled by the energy-focused alternative investment manager Kimmeridge, has confirmed the achievement of full commercialization for a liquefied natural gas export project under development in Louisiana.

about 5 months ago
Sawgrass LNG & Power completes LNG shore-to-ship bunkering operation at Port Everglades in Fort Laude; Source: Sawgrass LNG & Power
Business & Finance

‘First-ever’ LNG shore-to-ship bunkering ops wind down at South Florida’s port

Florida-headquartered Sawgrass LNG & Power, a provider of liquefied natural gas (LNG) and turnkey gas-to-power solutions across the Southeastern United States and Caribbean, has wrapped up LNG shore-to-ship bunkering operation at Port Everglades in Fort Lauderdale, Florida.

about 5 months ago
Illustration; Source: Eni
Business & Finance

Fresh gas and condensate find pops up in Egyptian waters

Italy’s energy giant Eni has confirmed a new gas and condensate discovery off the coast of Egypt, which is perceived to have a fast-track development potential.

about 5 months ago
Illustration; Source: Halliburton
Business & Finance

Halliburton, Valaris, and Petronas pooling resources for asset development in Suriname

U.S.-headquartered oilfield services player Halliburton has joined forces with Valaris, an offshore drilling contractor, and Petronas Suriname Exploration & Production, a subsidiary of Malaysia’s Petronas, to bolster the asset development and long-term value in Suriname.

about 5 months ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes’ new order helping fuel Latin America’s gas future

U.S.-headquartered energy technology giant Baker Hughes has picked up a job in Argentina, which expands its South American footprint, thanks to a gas technology order connected to an offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías, off the coast of Argentina.

about 5 months ago
Illustration; Source: BOEM
Business & Finance

Trump’s EPA rolls back Biden‑era oil & gas rules, slashes $2.5 billion in costs

The Trump administration’s U.S. Environmental Protection Agency (EPA) has estimated that it will enable $2.5 billion in compliance savings over 15 years by cutting the red tape and revising the Biden-Harris administration’s oil and natural gas regulations to curb gasoline and energy costs.

about 5 months ago
RINA and Hanwha ink MoU for battery-hybrid propulsion systems
Business & Finance

RINA and Hanwha ink MoU for battery-hybrid propulsion systems

Ship classification, inspection, certification and consulting engineering group RINA and South Korean conglomerate Hanwha Group have signed a memorandum of understanding (MoU) to promote the adoption of battery-hybrid propulsion systems in the maritime sector. According to RINA, the collaboration ai

about 5 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

Third well comes online at Brazilian oil field

Brazilian oil and gas company PRIO, formerly known as PetroRio, has started production from another well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 5 months ago
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