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Business & Finance

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After Saipem and Subsea7, Baker Hughes gets more work at Türkiye’s mega natural gas project
Business & Finance

After Saipem and Subsea7, Baker Hughes gets more work at Türkiye’s mega natural gas project

U.S.-headquartered energy technology company Baker Hughes has secured a contract to deliver subsea production and intelligent completion systems for the third phase of Türkiye’s largest natural gas field. Under the contract awarded by Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technolog

about 1 year ago
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Business & Finance
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New energy hub on the cards for Balkans as JERA and Montenegro delve into LNG terminal possibilities

Japan’s energy major JERA has taken steps to augment its liquefied natural gas (LNG) arsenal by striking a deal with the government of Montenegro to look into the development of an LNG terminal and an associated gas-fired plant, which has the potential to establish a new energy hub in the Western Ba

about 1 year ago
UK subsea contractor orders three ROVs for work in West Africa
Business & Finance

UK subsea contractor orders three ROVs for work in West Africa

Film-Ocean, a UK-based subsea contractor providing ROV inspection and intervention services, in partnership with its parent company Stapem, is investing in three work-class remotely operated vehicles (ROVs) from SMD. The order comprises two SMD Quantum 250-hp heavy-duty work-class ROVs and one SMD A

about 1 year ago
Greece investing over €61M in third Corfu-mainland interconnector
Business & Finance

Greece investing over €61M in third Corfu-mainland interconnector

Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) is investing more than €61 million to further strengthen Corfu’s energy security with a third subsea interconnector linking the island to the mainland. The project will see the construction of the 21-kilometer 15

about 1 year ago
FPSO Agogo; Source: Yinson Production
Business & Finance

Yinson Production charting carbon capture course with Norwegian firm

With the aim of forging a path toward sustainability, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has taken steps to ignite carbon capture advancement through its partnership with Carbon Circle, a Norway-based carbon capture a

about 1 year ago
$1.5 billion contract extends Saipem’s stay at largest Turkish natural gas field
Business & Finance

$1.5 billion contract extends Saipem’s stay at largest Turkish natural gas field

Italy’s Saipem has secured more work at Türkiye’s largest natural gas field as part of a new offshore contract worth approximately $1.5 billion. Under the new contract awarded by Turkish Petroleum Offshore Technology Center (TP-OTC), Saipem will deliver the engineering, procurement, construction and

about 1 year ago
Marine license application filed for one of UK’s largest power projects
Business & Finance

Marine license application filed for one of UK’s largest power projects

SSEN Transmission has submitted a marine license application for the Scottish marine elements of the Eastern Green Link 3 (EGL3) project between Scotland and England, set to become one of the biggest electricity transmission projects in the UK. The application, submitted to the Marine Directorate –

about 1 year ago
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New Energies
Business & Finance

Wison pools resources with Siemens Energy on FLNG and FPSO projects

China-based provider of clean energy services Wison New Energies (WNE) has joined forces with Siemens Energy to embark on a new chapter of cooperation in sustainable offshore energy development, primarily within floating liquefied natural gas (FLNG) and floating production, storage, and offloading (

about 1 year ago
Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania
Business & Finance

Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania

Polish energy company Hynfra has signed a framework agreement with the Government of Mauritania for a $1.5 billion green ammonia project in Nouakchott.

about 1 year ago
Dutch survey company settles in France to better serve local projects
Business & Finance

Dutch survey company settles in France to better serve local projects

Amsterdam-headquartered Deep, which specializes in hydrography, marine geophysics, UXO surveys and precise marine positioning, is strengthening its presence in France by opening a local entity to serve French clients and projects more efficiently. Set to start operating this month, Deep Atlantique w

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

Repairs ongoing as North Sea FPSO’s production levels drop

Serica Energy has revealed a downturn in production volumes from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS). Things are expected to improve by month-end once the unit’s repairs are out of the way.

about 1 year ago
China leads in total committed investments in $110B clean hydrogen industry, report finds
Business & Finance

China leads in total committed investments in $110B clean hydrogen industry, report finds

More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.

about 1 year ago
Reach Subsea boosts offshore capabilities with acquisition of Swedish firm
Business & Finance

Reach Subsea boosts offshore capabilities with acquisition of Swedish firm

Norway’s Reach Subsea has acquired Subvision AB, a Swedish company founded in 1993, focused on the design of equipment for subsea environments. According to Reach Subsea, Subvision has extensive experience from military and offshore development projects and has, over the years, developed several adv

about 1 year ago
VARD cuts steel for Taiwan-bound subsea construction vessel
Business & Finance

VARD cuts steel for Taiwan-bound subsea construction vessel

Norway’s VARD has cut the first steel for an offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-meter-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equipped for subsea operation duties, offshore wind

about 1 year ago