Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified
Italy-headquartered Next Geosolutions (NextGeo) has exercised the call option to acquire a further circa 7.1% of Rana Subsea, a compatriot subsea services company established in 1964, bringing its share capital to 82.5%. NextGeo signed a sale and purchase agreement for the acquisition of 75.4% of th
As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2
Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, and Shanghai Shenji Energy & Environmental Technology have expanded their recently established collaboration to medium- to long-term offtake, green fuel trial bunkering, trading platforms and techn
Scotland-headquartered offshore drilling contractor Odfjell Drilling has been served with an order from Norway’s offshore safety regulator, which investigated an incident that resulted in an injury at a semi-submersible rig deployed on the Norwegian Continental Shelf (NCS).
Jan De Nul has completed the installation of two export cables for the Fengmiao 1 offshore wind farm, being built by Copenhagen Infrastructure Partners (CIP) 35 kilometers off the coast of Taichung, Taiwan. The two high-voltage subsea cables, measuring 45 kilometers and 44 kilometers, have been inst
Norway-based cleantech service provider Soiltech has secured three new assignments for rigs deployed in the Black Sea, the Netherlands, and Norway.
Subsea Integration Alliance (SIA), comprising SLB OneSubsea and Subsea7, has been tasked by U.S.-headquartered energy giant ExxonMobil with the engineering, procurement, construction, and installation (EPCI) scope of work at an oil project in Block 15 off the coast of Angola.
Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has pointed out that the findings of a recent report reinforce the benefits of Australia’s existing fiscal framework, including the Petroleum Resource Rent Tax (PRRT), with the spi
DNV has been selected as the independent certifier for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project, and will verify that the project’s construction and operation comply with the carbon dioxide transport and storage licence (CO2 T&S license)
AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has received a stamp of approval for its environmental plan (EP) from the country’s offshore regulator for wellhead removal activities at its oil field off the coast of Australia.
Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has disclosed the return of its multibillion-dollar lawsuit against AES Corporation to the Virginia state court.
Malaysia’s state-owned oil and gas heavyweight Petronas has shaken hands with Eneos Explora, a subsidiary of Japan’s Eneos Group, on a deal that will enable the latter to rejoin a liquefied natural gas (LNG) project that receives gas from offshore fields in Malaysian waters.
France’s Nexans has completed the first cable pull-in on the French side of the first interconnector between Ireland and France, following the initial campaign in Ireland. Developed by French and Irish transmission system operators (TSOs) Réseau de Transport d’Électricité (RTE) and EirGrid, the Celt
