Business & Finance
Germany to spend billions on floating LNG terminals
Germany’s government has allocated about €2.5 billion ($2.7 billion) for four floating liquefied natural gas (LNG) terminals around the country.
Equinor gearing up for exploration campaign in Canada to boost Bay du Nord resources
Norway’s Equinor is mobilising to drill two exploration wells in waters offshore Canada, which could add to its Bay du Nord offshore project development.
ExxonMobil eyes carbon capture hub in Gippsland to unlock Australian CCS potential
ExxonMobil is putting the wheels into motion to gauge the potential for a carbon capture and storage (CCS) hub in the Gippsland Basin.
TSO chiefs meet to discuss EuroAfrica Interconnector
Chiefs of the Greek and Egyptian transmission system operators (TSOs) have come together to discuss the EuroAfrica Interconnector that will connect the two countries. Manos Manousakis, chairman and CEO of Greece’s Independent Power Transmission Operator (IPTO), and Sabah Mashaly, chairman of the Egy
Brazil’s ex-petroleum secretary takes CEO role at Petrobras for one year
Petrobras has revealed the appointment of a new CEO, which has been chosen to spearhead the company for a year.
Eni offloads and exports first oil cargo from Mexican FPSO
Eni has offloaded and exported the first oil cargo from the Miamte FPSO, operating in the Area 1, Gulf of Mexico.
Tender for world’s longest subsea cable terminated after no compliant application
The UK-headquartered Xlinks has decided to terminate a tender process that sought survey services for what will be the world’s longest subsea cable since no bidder submitted a compliant application.
Meyer, Fassmer take over Neptun Ship Design to jointly offer solutions for sustainable shipping
German shipbuilder Meyer Group and its counterpart Fassmer have decided to jointly acquire compatriot ship design company Neptun Ship Design.
UK regulator tells industry to avoid delays that can harm business
UK’s regulator has reminded the industry of a need to avoid lengthy delays in transactions that can harm business and put off new investors.
Modus to continue supporting Prysmian cabling ops in Europe and America
UK-based subsea services contractor Modus has secured a contract extension with Prysmian to continue supporting the Italian cabling giant’s projects.
Petronas produces first hydrocarbons from Indonesian well
Petronas has achieved the first hydrocarbon production from the Bukit Tua Phase-2B Project located offshore Indonesia.
Plan set forth for New Jersey’s first offshore wind cable plant
Rise Light & Power and Delaware River Partners (DRP) have partnered up to collaborate on developing the first offshore wind cable manufacturing facility in New Jersey, the U.S. The development of the manufacturing facility at the Repauno Port & Rail Terminal in Greenwich Township is subject to the B
Resen Waves scores international award for wave power solution
Danish company Resen Waves has been bestowed an international award for its wave energy-powered smart buoy and its potential for the integration with other offshore industries.
Heerema setting the scene for removal of platform from UK waters after 45 years
Heerema Marine Contractors is setting the scene for the world’s largest crane vessel, Sleipnir, to remove an offshore platform off the UK.