Business & Finance

Enagás sells Quintero LNG stake to Fluxys and EIG
Enagás and OMERS Infrastructure have closed the joint sale of their stakes in Chilean Quintero LNG terminal to a consortium formed by EIG and Fluxys.

Fugro to work on new Irish offshore wind projects
Fugro is set to kick off a geotechnical site survey campaign at the North Celtic Sea and South Irish Sea offshore wind projects at the end of July. Supply vessel Fugro Voyager is in charge of carrying out the work which will include a downhole cone penetration test (CPT) and continuous sampling bore

Norway’s oil output continues to shrink
While Norway recorded a slight increase in gas production in June 2022, the oil output fell yet again behind the NPD’s predictions.

d’Amico secures $82M sustainability-linked loan
d’Amico Tankers, part of Italian shipping company d’Amico International Shipping (DIS), has signed an $82 million sustainability-linked loan concerning four of the company’s tankers.

PGS scores two seismic acquisition deals in Asia Pacific
Norwegian seismic company PGS has secured two ‘significant’ contracts for 3D exploration and 4D acquisition in the Asia Pacific region, constituting a nearly five-month campaign. Specifically, the company signed the first contract with an undisclosed energy company for a 3D exploration acquisition o

TotalEnergies closes Myanmar chapter
French-headquartered energy giant TotalEnergies has completed all the required steps to pull out of Myanmar.

Westwood sees five-year offshore EPC spend reaching whopping $276 billion
The oil and gas sector’s offshore EPC spend is expected to total $276 billion, forecasts Westwood Global Energy.

Valaris rig getting ready for new Australian campaign
Valaris has prepared one of its semi-submersible drilling rigs for a drilling campaign with Santos in waters offshore Australia.

UK offshore wind pioneer buys US marine environmental consultancy
UK offshore wind pioneer Venterra Group has entered the U.S. market with the acquisition of INSPIRE Environmental, a Rhode Island-based marine environmental consultancy. Founded in 2015, INSPIRE collects, interprets and visualizes seafloor data for clients in the offshore wind, ports and marine cons

MODEC’s new FPSO hits the road to Brazil
MODEC has seen its new FPSO vessel set sail from China to Brazil to work in the pre-salt Santos Basin for Petrobras.

Petrobras books offshore accommodation unit for four-year job
Brazilian energy giant Petrobras has awarded a four-year contract in Brazil to an offshore accommodation unit.

Searcher Seismic begins 2D reprocessing project off India
Searcher Seismic has commenced a new 2D seismic reprocessing project off the east coast of India. Searcher’s Phase 1 reprocessing of 10,000 kilometers of multi-vintage 2D seismic data has commenced with Shearwater GeoServices in India. According to the company, East Coast India has proven its potent

Pioneering Spirit vessel removes and delivers North Sea platform jacket for disposal – gallery
Allseas and its Pioneering Spirit vessel have completed the removal of Repsol Norge’s massive 30,000-tonne Gyda platform from the North Sea.

Regulatory order for Equinor over maintenance management on North Sea platform
The Norwegian offshore safety regulator followed up an audit of Equinor’s platform in the North Sea with an order to the operator.