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Business & Finance

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Hitachi Energy wins €770M contract for first Europe-Africa interconnector
Business & Finance

Hitachi Energy wins €770M contract for first Europe-Africa interconnector

Hitachi Energy has secured a contract worth approximately €770 million for the construction of converter stations for the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna

about 1 month ago
Rig move illustration; Source: ABL, part of Aqualis
Business & Finance

44 jack-up rigs relocated in race against monsoon season

ABL, part of Oslo-listed global consultancy Aqualis, has landed a hand to India’s government-owned energy giant Oil and Natural Gas Corporation Limited (ONGC) in the preparation for the monsoon season by helping reposition the offshore rig fleet deployed in the Asian country’s waters.

about 1 month ago
Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies
Business & Finance

Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has won a contract with TotalEnergies that includes the recovery of around 1,000 tons of subsea infrastructure. Awarded for the Byggve, Skirne and Atla fields in the North Sea, the project covers engineerin

about 1 month ago
An offshore rig
Business & Finance

Namibia license farm-out drawing to a close with ministerial approval

Tower Resources, the AIM-listed oil and gas company focused on Africa, has inched closer to the finish line of its farm-out deal for a license off the coast of Namibia.

about 1 month ago
Fulmar Explorer
Business & Finance

2009-built source vessel to work in West Africa for three months

After completing work in the Western Hemisphere, Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, is taking its source vessel to West Africa. The 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, has been awarded a contract for ocean bot

about 1 month ago
Gjøa; Source: Vår Energi
Business & Finance

North Sea oil output on the rise as FID moves coordinated subsea development forward

Norway’s oil and gas player Vår Energi is setting the wheels in motion to bring subsea tie-back development projects in the North Sea to life, in a bid to bolster the oil production arsenal on the Norwegian Continental Shelf (NCS).

about 1 month ago
Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea
Business & Finance

Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea

Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu

about 1 month ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries.

about 1 month ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business & Finance

Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES

Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-he

about 1 month ago
Illustration; Source: Petrobras
Business & Finance

Petrobras and Pemex shake hands to explore partnership in oil & gas sphere

Brazil’s state-owned energy giant Petrobras has signed on the dotted line to look into establishing a collaboration with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) in the hydrocarbon realm.

about 1 month ago
FSO naming ceremony; Source: Yinson Production
Business & Finance

Yinson Production’s Southeast Asia-bound FSO gets its name

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia.

about 1 month ago
NAGA 8; Source: Velesto
Business & Finance

Asian drilling campaign continues with third well after first came online, second set to follow suit

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has made inroads in its infill drilling campaign off the coast of Malaysia by putting the first well into production mode, with the second one already drilled and activities at the third now underway.

about 1 month ago
Saipem preparing for SURF campaign offshore Suriname
Business & Finance

Saipem preparing for SURF campaign offshore Suriname

Saipem has started operations for Suriname’s first large-scale offshore oil development, operated by TotalEnergies, as part of its subsea umbilicals, risers and flowlines (SURF) contract awarded in 2024. Saipem is in charge of the engineering, procurement, supply, construction, installation, pre-com

about 1 month ago
Illustration; Courtesy of AES Panama
Business & Finance

Arbitration tribunal set up in dispute over revoked gas-to-power and LNG terminal permits

Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has confirmed the formation of an independent tribunal in an arbitration case related to the cancelation of permits for a gas-to-power development in

about 1 month ago
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