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Business & Finance

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Key Manhattan rig - Shelf Drilling
Business & Finance

Multimillion-dollar drilling extension with Eni keeps Shelf Drilling rig busy in Italy

Shelf Drilling (SHLF) has got hold of a long-term contract extension for one of its jack-up rigs, enabling the unit to stay longer in Italian waters with Eni, the country’s energy giant.

about 1 year ago
Valaris DS-9 drillship; Source: ExxonMobil
Business & Finance

ExxonMobil’s new gas discovery springs into view offshore Cyprus

Two energy giants, U.S.-headquartered ExxonMobil and Qatar’s QatarEnergy, have made a new gas find off the coast of Cyprus, using a drillship owned by Valaris, an offshore drilling contractor.

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about 1 year ago
ETAP facility in the North Sea; Source: BP
Business & Finance

North Sea operator brings JAPEX’s UK arm into its fold

Ithaca Energy, a North Sea oil and gas operator and producer, has expanded its upstream portfolio with the acquisition of JAPEX UK E&P (JUK) from Japan Petroleum Exploration (JAPEX).

about 1 year ago
Illustration; Source: Viaro Energy
Business & Finance

British upstream player picks new COO as current one prepares to retire

As its existing Chief Operating Officer (COO) is ready to retire, London-based independent upstream player Viaro Energy has revealed the name of the new COO, who will step into the role next month.

about 1 year ago
Baker Hughes and Evida shake hands for CO2 transport in Denmark
Business & Finance

Baker Hughes and Evida shake hands for CO2 transport in Denmark

U.S.-headquartered energy technology giant Baker Hughes and Danish gas distribution operator Evida have established a partnership to collaborate on developing and enabling CO2 transport solutions across Denmark to back the country’s CO2 reduction goals. The strategic collaboration agreement, signed

about 1 year ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Business & Finance

Seaturns raises €2.45 million to launch full-scale wave energy demonstrator

French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan

about 1 year ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

about 1 year ago
China's state-owned electric utility completes purchase of stake in Greek TSO's subsidiary
Business & Finance

Chinese utility company completes purchase of stake in Greek TSO’s subsidiary

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way

about 1 year ago
VARD via LinkedIn (Screenshot)
Business & Finance

VARD launches hybrid cable lay & construction vessel for Japanese offshore wind (Video)

Norwegian ship designer and shipbuilder VARD has launched the hybrid power cable lay and construction vessel it is building for the Japanese company Toyo Construction at its shipyard in Romania. VARD held the keel laying ceremony in September 2024 for the vessel, while this March the aft part of NB

about 1 year ago
H2SITE secures EU funding to deploy ammonia cracker at European port
Business & Finance

H2SITE secures EU funding to deploy ammonia cracker at European port

Spanish hydrogen solutions provider H2SITE has secured funding from the EIC (European Innovation Council) Accelerator program to deploy its flagship ammonia cracking unit at a port in North-West Europe.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Business & Finance

More US LNG coming to Ukraine with new Naftogaz-Orlen deal

Naftogaz Group and Poland’s Orlen have signed on the dotted line to enable Ukraine to receive an additional 140 million cubic meters of liquefied natural gas (LNG) from the United States.

about 1 year ago
Nordic Baltic Hydrogen Corridor receives EU funding support
Business & Finance

Nordic Baltic Hydrogen Corridor receives EU funding support

The project promoters of the Nordic Baltic Hydrogen Corridor (NBHC) have signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for the European Union (EU) financial support to the NBHC.

about 1 year ago
Ossian floating wind survey
Business & Finance

Benthic survey wraps up for Scottish floating wind farm

Specialist contractors have completed a benthic survey along a 420-kilometer stretch of seabed for the proposed Ossian floating offshore wind farm in Scotland. The month-long benthic campaign gathered information at 122 different sites along the route that will be used to export renewable energy fro

about 1 year ago
Cable laying about to resume at 725-kilometer link connecting UK and Germay for the first time
Business & Finance

Cable laying about to resume at 725-kilometer link to connect UK and Germay for the first time

Italian cabling giant Prysmian Group will soon kick off the second phase of cabling works in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany. The 725-kilometer land and subsea cable system is said to creat

about 1 year ago