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Business & Finance

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Illustration; Source: IPTO
Business & Finance

EIB and Greek TSO agree on €1.9B financing for Dodecanese interconnection

The European Investment Bank (EIB) and Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO) have signed a deal for €1.9 billion financing for the development of an interconnector that will eliminate the electrical isolation of the islands of Kos, Rhodes and Karp

about 7 months ago
Exploration license offshore Libya; Source: QatarEnergy
Business & Finance

Eni and QatarEnergy pick up exploration license in North Africa

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Italy’s energy giant Eni and Qatar’s state-owned oil and gas giant QatarEnergy have won an offshore exploration license off the coast of Libya, North Africa.

about 7 months ago
Ringhorne; Credit: Øyvind Sætre/Vår Energi
Business & Finance

North Sea hydrocarbon drilling ops hit a dead end

Norway’s oil and gas player Vår Energi and its partner, Kistos Energy, have drilled an exploration well in the Norwegian sector of the North Sea, which yielded no commercial hydrocarbons.

about 7 months ago
FPSO P-79 is the eight of the 12 units planned for installation in the Búzios field and joins the seven others already in operation; Source: Petrobras
Business & Finance

Petrobras’ largest-producing oil & gas field richer for another FPSO

Brazilian state-owned energy heavyweight Petrobras has welcomed the arrival of the eight floating production storage and offloading (FPSO) vessel, which will work at a field in the Santos Basin off the coast of Brazil.

about 7 months ago
Transocean Enabler rig at sea
Business & Finance

Transocean rig duo staying longer on drilling gigs in Norwegian waters

Switzerland-based offshore drilling contractor Transocean has picked up multimillion-dollar extensions for two of its harsh environment semi-submersible rigs deployed off the coast of Norway.

about 7 months ago
LLOG's FPU Salamanca; Source: Tampnet
Business & Finance

New player enters US Gulf oil & gas playground with $3.2B LLOG buy

London-listed oil and gas company Harbour Energy has brought into its fold the U.S.-headquartered LLOG Exploration Company (LLOG), marking its strategic entry into the deepwater U.S. Gulf of America (the U.S. Gulf of Mexico).

about 7 months ago
Port of Immingham becomes home to UK’s first commercial biomethanol bunkering service
Business & Finance

Port of Immingham becomes home to UK’s first commercial biomethanol bunkering service

The UK’s first commercially ready bio-methanol storage and supply service for shipping has been launched at the Port of Immingham, the largest port by cargo volume in the UK, as part of efforts to advance decarbonization in maritime transport. The three-partite partnership of Exolum, Methanex Corpor

about 7 months ago
Jesper Kristensen, Group CEO, and Ajay Chaudhry, Co-CEO – Ship Management, Synergy Marine Group, pictured with the Synergy ship staff of YM Willpower during the vessel’s naming ceremony in Korea; Sour
Business & Finance

Asian ship manager takes charge of two LNG dual-fuel container vessels

Synergy Marine Group, a Singapore-based company that manages over 700 vessels for shipowners worldwide, has become the technical manager of two newly delivered 15,500 TEU liquefied natural gas (LNG) dual-fuel container vessels owned by Taiwan-based Yang Ming Marine Transport Corporation.

about 7 months ago
A North Sea platform
Business & Finance

Europe’s gas goes green: North Sea offshore wind-powered project earns top methane rating

Marking a new era for low-methane gas in Europe, a Dutch-German gas development, which runs on offshore wind energy, has become the first natural gas production project in the North Sea to be independently certified as meeting the highest grade under MiQ’s methane emissions standard.

about 7 months ago
Illustration; Source: Vår Energi
Business & Finance

New partner joins North Sea gas discovery ahead of appraisal ops

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has set the wheels in motion to come aboard a gas discovery in the Norwegian sector of the North Sea by buying a stake held by Norway’s oil and gas player Vår Energi.

about 7 months ago
Prysmian acquires Spanish firm for €169 million
Business & Finance

Prysmian acquires Spanish firm for €169 million

Italian cabling giant Prysmian Group has completed the acquisition of ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350

about 7 months ago
Canada
Business & Finance

Marine energy ‘key pillar’ in Canada’s clean energy transition, 2050 roadmap states

Marine Renewables Canada (MRC) has published a national roadmap that outlines how offshore wind, tidal, wave, and river current energy can help meet Canada’s surging electricity demand, projected to increase two to threefold by 2050, with marine renewable energy seen as a key pillar of the country’s

about 7 months ago
A man looking at a large vessel at sea
Business & Finance

Malaysia ups its energy investment ante with new oil & gas bid round

Malaysia’s state-owned oil and gas heavyweight Petronas, through Malaysia Petroleum Management (MPM), has launched the Malaysia Bid Round 2026 (MBR 2026) to strengthen Malaysia’s position as an energy investment destination.

about 7 months ago
TGS at work offshore Africa and in US Gulf
Business & Finance

TGS at work offshore Africa and in US Gulf

Norwegian energy data and intelligence company TGS has commenced two new offshore acquisition campaigns, one in Angola and the other in the Gulf of America. In a strategic collaboration, TGS and SLB announced on February 10 the launch of Engagement 9, the latest phase of the companies’ ocean bottom

about 7 months ago