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Business & Finance

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Clean FuelFossil EnergyLiquefied Natural GasOil & GasOther FuelsBusiness Developments & ProjectsAuthorities & GovernmentRegulation & PolicyRigsExploration & ProductionProduction & ProcessingSubseaMarket OutlooksOutlook & StrategyVisionProject & TendersEnergy Efficiency & InnovationEnergy TransitionGreen MarinePropulsionTechnologyTransitionVesselsAlternative FuelsAmmoniaFPSO & VesselsHydrogenLow-Carbon TransitionCarbon Capture Usage & StorageCollaborationEquipmentInnovationMarine EnergyPolicy & FundingTidal & Wave EnergyCablingInterconnectorsInfrastructureSurveys & InterventionsEnvironmentStorage
Cedar LNG; Source: Exmar
Business & Finance

Exmar takes on FLNG gig for $4B hydro-powered floating LNG project in Canada

Belgian shipping company Exmar has landed an assignment for a floating liquefied natural gas (FLNG) unit destined for deployment in the traditional territory of the Haisla Nation, on Canada’s West Coast.

about 7 months ago
Illustration; Source: Europa Oil & Gas
Business & Finance

Farm-out of African oil & gas block awaits regulatory clearance

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has reaffirmed that all requirements are out of the way for an extension of a production sharing contract (PSC), covering a block off the coast of Equatorial Guinea. A recently signed farm-out deal for the block is still pending re

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about 7 months ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Business & Finance

Go-ahead for Equinor to use 2016-built rig at North Sea field

Norway’s state-owned energy giant Equinor has received clearance to deploy a ten-year-old jack-up rig at its offshore field on the Norwegian Continental Shelf (NCS).

about 7 months ago
Hunting strengthens its subsea arsenal with new acquisition
Business & Finance

Hunting strengthens its subsea arsenal with new acquisition

London-headquartered energy services provider Hunting has acquired compatriot Flexible Engineered Solutions (FES), a move made to strengthen its subsea growth and support the company’s 2030 ambitions. FES is based in Ashington and is focused on the design, manufacture, and testing of highly engineer

about 7 months ago
Rendering of Argentina LNG project; Source: YPF
Business & Finance

ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG) project in Sierra Grande

about 7 months ago
Illustration; Source: SLB
Business & Finance

SLB lines up offshore drilling work on Asian deepwater gas project

U.S.-headquartered technology player SLB has landed multiple deals for offshore drilling services at a gas development off the coast of Indonesia with the UAE-based Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi.

about 7 months ago
Alfa Laval-Wallenius Lines JV bags its first order for wind propulsion
Business & Finance

Alfa Laval-Wallenius Lines JV bags its first order for wind propulsion

Oceanbird, a joint venture (JV) between Swedish marine technology company Alfa Laval and shipping company Wallenius Lines, has received its first order for wind propulsion from an undisclosed shipowner. The shipowner placed an order for two Oceanbird Wing 560 wing sails that are contracted for a ret

about 7 months ago
Ammonia FPSO concept; Source: BW Offshore
Business & Finance

WATCH: McDermott and BW Offshore lift the curtain on floating blue ammonia FPSO model

McDermott and BW Offshore have unveiled a concept for a blue ammonia floating production, storage, and offloading (FPSO) unit that blends offshore production, carbon capture, and direct export, spotlighting the way in which surplus natural gas could be converted into a lower-carbon fuel and brought

about 7 months ago
New UK tidal energy capacity – What we know so far
Business & Finance

New UK tidal energy capacity – What we know so far

Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U

about 7 months ago
FSO PTSC LDV; Source: OceanSTAR Elite Group
Business & Finance

New construction milestone for Yinson Production’s Southeast Asia-bound FSO

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has celebrated the launch of a floating storage and offloading (FSO) unit destined for an oil field off the coast of Vietnam, Southeast Asia.

about 7 months ago
Subsea interconnector between two Canary Islands crosses finish line (Video)
Business & Finance

Subsea interconnector between two Canary Islands crosses finish line (Video)

Spanish transmission system operator (TSO) Red Eléctrica has completed the interconnection between the islands of Tenerife and La Gomera in Spain, reinforcing the security of supply in the Canary Islands. The interconnection consists of a 66 kV double-circuit line, with a 36-kilometer underwater sec

about 7 months ago
Courtesy of Kito Crosby
Business & Finance

Texas-based player scores FPU gig in US Gulf

Texas-headquartered lifting and securement industry player Kito Crosby has won an offshore contract for a new floating production unit (FPU) in the Gulf of America (U.S. Gulf of Mexico).

about 7 months ago
Survey underway at Italy’s first CCS project
Business & Finance

Survey underway at Italy’s first CCS project

An offshore geophysical monitoring survey has commenced at the first carbon capture and storage (CCS) project in Italy, which will use depleted natural gas fields in the Adriatic Sea for the storage of CO2 from industrial districts. Bologna-based offshore survey and geoscience company Lighthouse Geo

about 7 months ago
Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation
Business & Finance

Noble’s backlog climbs to $7.5 billion

Noble Corporation, a U.S.-headquartered offshore drilling giant, has landed a batch of new contracts and extensions off the coasts of Guyana, Norway, Nigeria, Trinidad, South America, and the U.S. Gulf, which have enabled the firm to augment its backlog.

about 7 months ago