Business & Finance
Final test and assembly of Bombora’s mWave underway
Bombora Wave Power has begun the final test and assembly phase of its mWave device, said to be the world’s most powerful wave energy converter (WEC).
Buckeye Partners completes acquisition of Bear Head Energy
Buckeye Partners has closed the acquisition of Bear Head Energy, which owns an LNG and clean energy project in Nova Scotia, Canada.
PGS and deepC Store ink subscription agreement
Norwegian seismic company PGS and Australia’s deepC Store Limited (DCS) have entered into a subscription agreement under which dCS will issue shares to PGS in exchange for geological and geophysical advisory services. As a result of the agreement, PGS will become a major shareholder in dCS. The two
Deutsche Bank to support Botas in LNG purchases
German investment bank Deutsche Bank and Turkish state-owned LNG company Botas have finalised a $927 million three-year loan for LNG purchases.
UK firm invests millions in new facility to support North Sea oil & gas industry
Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.
Contractors win FEED job for UK’s power station with carbon capture
Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.
Reach Subsea preparing fleet for ‘strong market development’
Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J
Two oil & gas firms ink merger deal to establish ‘full-cycle asset base’
Vaalco and TransGlobe have revealed a deal to combine their businesses into a single company to create a full-cycle asset base.
FPSO embarks on its journey to Brazil with a few stops planned along the way
An FPSO, destined for Petrobras’ revitalisation project off Brazil, has left the Cosco Qidong shipyard in China and started its journey.
Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac
Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.
TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones
Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.
TGS makes its first renewable energy venture investment
Norwegian seismic player TGS has made its first renewable energy venture investment with the acquisition of an equity stake in NASH Renewables, a start-up developing Software-as-a-Service (SaaS) solutions for the prospecting, construction and operations of wind energy projects. Led by former Siemens
OMV books MMA vessel for gig in New Zealand
MMA Offshore has secured a deal for one of its platform supply vessels (PSVs) with OMV for operations in New Zealand.
Saipem’s board endorses first sustainability plan with ‘challenging objectives’
Saipem’s first sustainability plan, combining business and financial objectives with ESG criteria, has been approved.