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Business Developments & Projects

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WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe
Business Developments & Projects

WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe

Onshore cable installation has been completed in Ireland as part of the island’s first direct electricity interconnection with the European continent via a 500-kilometer subsea cable. Developed by French and Irish transmission system operators (TSOs) Réseau de Transport d’Électricité (RTE) and EirGr

about 3 months ago
DeepOcean wins subsea contract package with Equinor
Business Developments & Projects

DeepOcean wins subsea contract package with Equinor

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Ocean services provider DeepOcean has secured a subsea contract package with Norwegian state-owned energy giant Equinor for multiple fields on the Norwegian continental shelf (NCS), with offshore work to be performed across 2027-2028. The package includes subsea work scope at the Visund field in the

about 3 months ago
Commonwealth LNG; Source: Technip Energies
Business Developments & Projects

Technip Energies rakes in over €1 billion for job on $13B US LNG project

French-based engineering player Technip Energies has secured the all-clear to proceed with its assignment on a liquefied natural gas (LNG) export project under development in Louisiana, United States.

about 3 months ago
Venterra’s Oceanscan opens new facility after ‘standout year of growth’
Business Developments & Projects

Venterra’s Oceanscan opens new facility after ‘standout year of growth’

UK’s Oceanscan Group, a member of Venterra Group, has opened its new facility in Aberdeen, following what the company says was a standout year of growth across Europe, during which the subsea business doubled in size. Oceanscan reported that the new 1,200m2 site in Dyce, opened on May 21, more than

about 3 months ago
FSRU Dioriga Gas; Source: Dioriga Gas
Business Developments & Projects

LNG pact enables Greek FSRU to boost Southeast Europe’s gas supply diversification

Mercuria, an independent energy and commodity trader, has joined forces with Motor Oil Hellas (MOH) to ensure liquefied natural gas (LNG) supply through a floating storage and regasification unit (FSRU) in Greece’s Saronic Gulf.

about 3 months ago
Eastern Green Link 2 gives back as second round of community fund opens
Business Developments & Projects

Eastern Green Link 2 gives back as second round of community fund opens

The second round of funding for the Eastern Green Link 2 (EGL) project fund has opened for applications, targeting communities near the project that will transport clean electricity from Peterhead in Scotland to England via a 505-kilometer subsea cable. Developed by a joint venture of SSEN Transmiss

about 3 months ago
Boskalis vessel back to work in North Sea following dry dock in Spain
Business Developments & Projects

Boskalis vessel back to work in North Sea following dry dock in Spain

Boskalis’ 2012-built construction support vessel (CSV) BOKA Northern Ocean has completed a period in dry dock in Spain for certain modifications and is now back at work. In a few weeks, the 100-ton knuckle boom deck crane was overhauled and relocated and an anti-roll tank was installed under the hel

about 3 months ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Oil & gas players unlocking $500 billion opportunity with AI and digitalization

By employing digitalization and artificial intelligence (AI), Rystad Energy, an energy market intelligence group, has highlighted that exploration and production (E&P) companies could reap close to $500 billion in cumulative value between 2026 and 2030.

about 3 months ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business Developments & Projects

Australian gas reservation draft raises the alarm over export reliability

Given the growing concerns over a draft domestic gas reservation framework, Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has emphasized the investment risks such a move could bring, intensifying east coast gas supply pressures.

about 3 months ago
LNG carrier (for illustration purposes); Source: GTT
Business Developments & Projects

Multiple tank design orders for LNG vessels in GTT’s bag

French technological containment specialist Gaztransport & Technigaz (GTT) has won new tank design jobs for liquefied natural gas (LNG) carriers (LNGCs) with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Hanwha Ocean.

about 3 months ago
RWE to carry out pre-installation survey at Vanguard West OWF site
Business Developments & Projects

RWE to carry out pre-installation survey at Vanguard West OWF site

A pre-installation survey campaign is set to begin at RWE’s 1.4 GW Vanguard West offshore wind site in the UK. According to a Notice to Mariners issued by the developer, the survey vessel Breaker is expected to mobilize on or around June 15 to carry out a pre-installation survey within the project’s

about 3 months ago
Greater Changhua 2b and 4
Business Developments & Projects

All inter-array cables at Ørsted’s new offshore wind farm in Taiwan installed and energized

All inter-array cables at the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan have been installed and energized, and all 42 wind turbines at the project’s second phase, the 583 MW Greater Changhua 4, are now connected to Taipower’s grid and generating electricity. “We’re continuing co

about 3 months ago
Illustration: Source: Wood Mackenzie
Business Developments & Projects

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an

about 3 months ago
Illustration; Source: Wood Mackenzie
Business Developments & Projects

Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents.

about 3 months ago