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Business & Finance

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TotalEnergies' CEO visit Suriname to go over GranMorgu's progress; Source: Staatsolie
Business & Finance

TotalEnergies, Staatsolie and APA advancing $12.2B oil project ahead of 2027 drilling ops

As large-scale production components stack up at the Kuldipsingh Port Facility (KPF), representatives of France’s energy giant TotalEnergies and Surinamese officials have met to discuss the progress on a multibillion-dollar deepwater oil project in Block 58 off the coast of Suriname, confirming that

20 hours ago
ONGC strikes new gas discovery; Source: ONGC
Business & Finance

New gas discovery springs up from India’s frontier deepwater basin

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has found a new natural gas discovery in the deep waters of Mahanadi Basin off the country’s east coast.

22 hours ago
Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets
Business & Finance

Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets

The long-running financial standoff between Mexico’s offshore specialist Cotemar and ABSG Consulting, a subsidiary of American Bureau of Shipping (ABS), has intensified, with the former now turning to the New York State Supreme Court to restrict the U.S. government contractor’s access to nearly $60

23 hours ago
Jan De Nul orders another newbuild trenching support vessel
Business & Finance

Jan De Nul orders another newbuild trenching support vessel

Jan De Nul is further expanding its fleet with the order of a new trenching support vessel, which will be an exact copy of its Isambard Kingdom Brunel, announced in March. With this latest order, Jan De Nul has five vessels under construction for subsea cable installation and protection, including t

1 day ago
After Equinor, Njord Survey inks three-year agreement with RWE
Business & Finance

After Equinor, Njord Survey inks three-year agreement with RWE

RWE has awarded Swedish offshore survey company Njord Survey a three-year framework agreement for surveys using remotely operated vehicles (ROVs) across its offshore wind farms in the UK and European waters. “We are incredibly proud to secure this long-term agreement with RWE, one of the world’s lea

1 day ago
Orlen and Naftogaz have further strengthen their strategic cooperation with two deals; Source: Orlen
Business & Finance

Orlen and Naftogaz deepen energy ties with two MoUs

Ukraine’s state-owned energy company Naftogaz Group and Poland’s Orlen have strengthened cooperation in liquefied natural gas (LNG) and petroleum product supplies, diversification of supply routes, and further stabilization of energy supplies to boost energy resilience in Ukraine and Central and Eas

1 day ago
Statfjord B; Credit: Equinor
Business & Finance

Flylogix expands low-emission methane playbook with cross-border North Sea oil platform drone flight

Low-emission uncrewed aviation specialist Flylogix has crossed an international maritime boundary to survey an oil platform for methane emissions, marking the UK’s first civilian cross-border offshore drone operation.

1 day ago
WIND acquires stake in UK firm to strengthen cable lifecycle expertise
Business & Finance

WIND acquires stake in UK firm to strengthen cable lifecycle expertise

WIND, a Dutch subsea cable logistics, cable recovery, and related services company, has acquired a stake in a UK-based firm providing cable testing and termination, fault-finding and repair, among other things, for the offshore wind, power and wider energy sectors. WIND reported earlier this month t

1 day ago
Port Arthur LNG Phase 2; Source: Sempra
Business & Finance

Petrobras locks in 20-year US supply from Sempra’s LNG project in Lone Star State

Brazil’s state-owned energy giant Petrobras has struck a two-decade-long deal with Sempra Infrastructure, a subsidiary of Sempra, for the supply of liquefied natural gas (LNG) from a U.S. project under development in Jefferson County, Texas.

3 days ago
Photo caption (L to R): Matthew Tremblay, ABS Senior Vice President, Global Offshore Markets; Rostom Merzouki, ABS Vice President, Global Sustainability; John Ki Lim, Hanwha Ocean General Manager and
Business & Finance

Hanwha Ocean’s design solution allowing LNG carrier’s switch to ammonia gets ABS’ thumbs-up

The American Bureau of Shipping (ABS), a classification society, has handed out approval in principle (AIP) for a multi-purpose fuel tank and fuel gas supply system design that enables a liquefied natural gas (LNG) carrier (LNGC) to shift from LNG to ammonia fuel without replacing the fuel tank or f

3 days ago
FLNG; Source: Exmar
Business & Finance

Exmar’s FLNG conversion earns Bureau Veritas’ seal of approval

An approval in principle (AiP) from Bureau Veritas Marine & Offshore (BV), part of Bureau Veritas Group, is paving the way for Belgian shipping company Exmar to breathe life into its floating liquefied natural gas (FLNG) concept based on the conversion of an existing membrane-type LNG carrier.

3 days ago
Denmark opens EU’s first full-scale CO2 storage site
Business & Finance

Denmark opens EU’s first full-scale CO2 storage site

King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden). Project Greensand was in December 2022 granted an exploration permit for the injection and storage of up to 15,000 to

4 days ago
Abadi LNG development concept; Source: Inpex
Business & Finance

Worley helps propel $21B Asian LNG and CCS project forward with FEEDs now out of the way

Australia’s engineering firm Worley has delivered front-end engineering designs (FEEDs) for two critical infrastructure packages related to a multibillion-dollar liquefied natural gas (LNG) and carbon capture and storage (CCS) development project in Indonesia’s Masela block, operated by Inpex Masela

4 days ago
Baleine FPSO; Source Altera
Business & Finance

SOCAR spreads its wings into Africa’s oil & gas arena by coming aboard Eni’s project

The State Oil Company of the Republic of Azerbaijan (SOCAR) has entered Africa’s offshore energy realm by acquiring a stake in an oil and gas field development off the coast of Côte d’Ivoire.

4 days ago
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