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Business & Finance

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Ramform Tethys
Business & Finance

Two more gigs for TGS in Europe

Norwegian energy data and intelligence company TGS has secured two new contracts in the North Sea, following the announcement of its second ocean bottom node (OBN) contract in Europe for the 2026 season. TGS has won a 4D streamer acquisition contract offshore Norway, with a Ramform vessel scheduled

about 8 months ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Business & Finance

Worley confirms deals with Venture Global in US and Equinor in Norway

Worley has corroborated the award of two assignments with Norway’s state-owned energy giant Equinor for oil and gas assets on the Norwegian Continental Shelf (NCS) and Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, for a second phase of an LNG

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about 8 months ago
FLNG Nguya; Source: Eni
Business & Finance

Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer

With a diversified pipeline of projects spanning Africa, Asia-Pacific, the Americas, and the East Mediterranean, Italy’s energy giant Eni is set on pursuing a disciplined exploration strategy focused on rapid monetization and a pragmatic, technology-driven approach to emission cuts by combining low-

about 8 months ago
Saudi ACWA Power seals 27 deals for green hydrogen and other technologies
Business & Finance

Saudi ACWA Power seals 27 deals for green hydrogen and other technologies

ACWA Power, a Saudi Arabian developer, investor and operator of power generation, water desalination, and green hydrogen plants, has signed 27 memorandums of understanding (MoUs) at a recent three-day event to advance green hydrogen, desalination technologies, energy storage systems, and industrial

about 8 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

Venture Global sheds light on Worley’s role at next chapter of US LNG project

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has offered insight into its agreement with Worley Field Services, an affiliate of Australia’s engineering company Worley, for a second segment of its LNG export project in Louisiana, United State

about 8 months ago
Maersk enriches fleet with another methanol-powered vessel
Business & Finance

Maersk enriches fleet with another methanol-powered vessel

Danish shipping and logistics titan A.P. Moller – Maersk has taken delivery of the first in a new series of six dual-fuel mid-size container vessels being constructed at a Chinese shipyard. The Tangier Mærsk was delivered from Yangzijiang Shipbuilding Group’s yard in Jingjiang, China, three months a

about 8 months ago
Valaris DS-17 drillship; Source: Valaris
Business & Finance

WATCH: Valaris drillship undergoing upgrades in Spain as another rig reaches Brazil

A 2014-built drillship, owned by the Bermuda-incorporated offshore drilling contractor Valaris, has come to Brazilian waters ahead of its assignment with Equinor Energy do Brasil, a subsidiary of Norway’s energy giant Equinor. Another unit from the rig owner’s fleet is currently getting upgrades in

about 8 months ago
From Poland to Netherlands: Hull of N-Sea’s new cable layer launched (Gallery)
Business & Finance

From Poland to Netherlands: Hull of N-Sea’s new cable layer launched (Gallery)

Dutch shipbuilder and designer Neptune Marine has launched the hull of the dual-fuel cable installation and repair vessel destined for compatriot N-Sea Group. The hull of the 100-meter-long cable-laying vessel (CLV) Altera hit the water last weekend, starting its journey from the shipyard in Poland

about 8 months ago
FPSO Petrojarl I; Source: Tenerife Shipyards
Business & Finance

WATCH: 40-year-old FPSO comes to Spanish shipyard ahead of work in Southeast Asia

A 1986-built floating production, storage, and offloading (FPSO) vessel has arrived at a shipyard in Tenerife, which is part of Spain and the largest of the Canary Islands in the Atlantic Ocean. This unit has lined up for an assignment at two oilfields off the coast of Timor-Leste in Southeast Asia.

about 8 months ago
Swedish tidal energy developer makes move into Iceland
Business & Finance

Swedish tidal energy developer makes move into Iceland

Swedish tidal energy developer Minesto has signed a memorandum of understanding (MoU) with Haf-Afl, an Iceland-based ocean energy site developer specializing in the identification, assessment and development of marine energy projects, to pursue entry into the Icelandic market. ”This is a textbook ex

about 8 months ago
Seatrium yard; Source: Seatrium
Business & Finance

Karpowership’s affiliate dishes out millions to take over Seatrium’s US shipyard

With the completion of a multimillion-dollar sale deal, Seatrium has handed over a shipyard in Texas to Karpower Valley, a related party of Türkiye’s floating power plant company Karpowership, to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities.

about 8 months ago
South Korean 640 kV HVDC cable test center ready for business
Business & Finance

South Korean 640 kV HVDC cable test center ready for business

South Korean Taihan Cable & Solution has finalized the construction of a dedicated cable test center that enables simultaneous testing of two 640 kV-class HVDC cable circuits. The test center spans approximately 7,000 square meters and is located at the company’s Dangjin Cable Plant, enabling close

about 8 months ago
A jackup rig being transported on a vessel
Business & Finance

Drilling done: MOPU and FSO hook-up in motion at African oil field

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is approaching the finish line for the activities related to the hook-up of a mobile offshore production unit (MOPU) and a floating storage and offloading (F

about 8 months ago
Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’
Business & Finance

Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’

Italian cabling giant Prysmian has been confirmed as the supplier of the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland and England. Prysmian has won a £2 billion (over €2.3 billion) contract with SP Energy Networks and Na

about 8 months ago