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Business & Finance

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Business Developments & ProjectsCollaborationInnovationTechnologyExploration & ProductionProject & TendersAuthorities & GovernmentRegulation & PolicyTransitionSafety
Camilla Kiss, Acting President, Kongsberg Discovery and Niels Peter Christiansen, CEO, MacArtney Underwater Technology Group; Courtesy of Kongsberg Discovery
Business & Finance

Kongsberg Discovery and MacArtney enhancing defense, energy, and ocean science underwater menu

Kongsberg Discovery, part of Norway’s Kongsberg Gruppen, has taken a step to combine its offering with MacArtney Underwater Technology to create a new level of turnkey capability in towed underwater sensing solutions for defense, energy, and ocean science spheres.

about 8 months ago
Shearwater platform in the North Sea; Source: Shell
Business & Finance

Shell and Equinor breathe life into UK North Sea’s ‘largest’ independent oil & gas producer

Adura, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has been born, combining the two energy heavyweights’ offshore oil and gas operations on the UK Continental Shelf (UKCS).

about 8 months ago
FPF-1; Source: Ithaca Energy
Business & Finance

Subsea7 lands multimillion-dollar decom gig in UK waters

Luxembourg-domiciled Subsea7 has been hired on an off-station decommissioning services assignment on the UK Continental Shelf (UKCS).

about 8 months ago
Rendering of Cahiracon FSRU site; Courtesy of Gas Networks Ireland
Business & Finance

Ireland handpicks spot for FSRU gas reserve to stave off supply shortfalls

Emerald Isle has unveiled the location where its new strategic gas reserve (SGER) will be situated as a floating storage and regasification unit (FSRU). This FSRU will be owned and operated on behalf of the Irish state by Gas Networks Ireland, which operates and maintains Ireland’s €3 billion, 14,75

about 8 months ago
Illustration; Courtesy of SSEN Transmission
Business & Finance

Scotland’s clean energy zest grows as it signs off on new subsea cable link and Banniskirk Hub

Scottish transmission system operator (TSO) SSEN Transmission has collected all permissions needed for a high voltage direct current (HVDC) subsea cable link between Sinclair’s Bay in Caithness and Rattray Head near Peterhead, thanks to a marine license for the subsea electricity transmission projec

about 8 months ago
Turbine for MeyGen tidal energy array; Courtesy of SAE Renewables (SAE), formerly known as Atlantis Energy
Business & Finance

Scotland’s giant tidal array project pencils in subsea works for next month

A project, which is described as the world’s largest tidal stream energy development, has put subsea activities on the agenda for December 2025 in Scotland’s Pentland Firth.

about 8 months ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

Aker Solutions lines up multimillion-dollar job at North Sea oil & gas duo

Norway-based energy services provider Aker Solutions has won a multi-year brownfield maintenance and modification (M&M) services assignment with ConocoPhillips Skandinavia, a subsidiary of the U.S.-headquartered energy giant ConocoPhillips.

about 8 months ago
COSL Prospector rig; Source: Canarship
Business & Finance

COSL rig good to go on Barents Sea oil & gas drilling quest

Norwegian authorities have signed off on exploration drilling activities Norway’s oil and gas player Vår Energi is planning to undertake in the Barents Sea, with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 8 months ago
NAGA 4 jack-up rig; Source: Velesto
Business & Finance

New program fortifies safety readiness across Malaysia’s oil & gas contractor and vendor sphere

Malaysia’s Velesto Energy has joined forces with the Department of Occupational Safety and Health (DOSH) to bring a new project into play as a structured framework aimed to strengthen safety readiness across the oil and gas industry’s contractor and vendor ecosystem.

about 8 months ago
Courtesy of Porthos
Business & Finance

Dutch CO2 quintet paving the way for Northwest Europe’s cross-border CCS network

Five Dutch CO2 infrastructure projects, which signed grant agreements under the Connecting Europe Facility (CEF Energy), have set their cap on spotlighting how their collaboration lays the groundwork for a cross-border CO2 transport and storage network, linking emitters in Northwest Europe with perm

about 8 months ago
Illustration; Source: ADES
Business & Finance

Shell hires ADES rig for drilling ops offshore Brunei

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has landed a new offshore drilling assignment for one of its jack-up rigs off the coast of Brunei with Brunei Shell Petroleum (BSP), a joint venture company between the Brunei go

about 8 months ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has put the finishing bow on the merger with the UAE-based Shelf Drilling, augmenting its offshore drilling fleet with 33 more jack-up rigs.

about 8 months ago
Troll C; Source: Axess
Business & Finance

Equinor books Axess for North Sea riser replacement work

Axess Technologies, a subsidiary of Norway-headquartered asset integrity management company Axess Group, has won a new riser replacement assignment in the Norwegian sector of the North Sea with Equinor, a compatriot state-owned energy giant.

about 8 months ago
Illustration; Source: ADNOC Gas
Business & Finance

$4 billion deal in hand as ADNOC scores 20-year gas supply assignment

ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has secured a multimillion-dollar natural gas supply agreement with EMSTEEL, an integrated steel and building materials manufacturer, to power the United Arab Emirates’ industrial growth.

about 8 months ago
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