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Business & Finance

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A large vessel at sea
Business & Finance

Eni moves ahead with second FLNG unit in Mozambique’s supergiant basin

Italy’s energy giant Eni and its co-venturers have reached the final investment decision (FID) to develop a floating liquefied natural gas (FLNG) project in the north of Mozambique.

about 10 months ago
Thai operator taps Candela for electric flying ferries
Business & Finance

Thai operator taps Candela for electric flying ferries

Swedish electric boat maker Candela has signed an agreement with Thai operator Seudamgo by Leopard Transportation for ten of its electric hydrofoil ferries to initially operate on Thailand’s route between the mainland and Koh Kood Island.

about 10 months ago
FPSO Alexandre de Gusmão at sea
Business & Finance

SBM Offshore reimaging FPSO ops with Cognite and SLB to power next wave of AI-enabled innovation

SBM Offshore has strengthened ties with Cognite, an industrial AI software-as-a-service (SaaS) company, and SLB, a U.S.-headquartered technology player, to create an enhanced artificial intelligence (AI) blueprint envisioned to bolster operational efficiency and fuel further innovation in floating p

about 10 months ago
Poseidon Jackup, MES company
Business & Finance

Poseidon Jackup rises in North America as new joint venture makes a debut

Combifloat Group of the Netherlands and Poseidon Barge of the United States, with the backing of Marine Equipment Solutions (MES), have joined forces to forge a new joint venture (JV), named Poseidon Jackup, whose goal is to bring modular jack-up technology to North America.

about 10 months ago
Subsea pre-commissioning contract comes along to EnerMech offshore Australia
Business & Finance

Subsea pre-commissioning contract in Australia comes along to EnerMech

Aberdeen-headquartered integrated solutions specialist EnerMech has secured a contract it describes as major for the delivery of pre-commissioning and specialist services for an offshore gas development in Australia. The scope of work includes the provision of riser and umbilical services for the se

about 10 months ago
SSV Catarina rig; Source: Ventura Offshore
Business & Finance

Eni prolongs Ventura Offshore rig’s drilling gig in Asia

A semi-submersible rig from Ventura Offshore Midco, a subsidiary of the Brazilian deepwater offshore drilling contractor Ventura Offshore, is staying longer off the coast of Indonesia with Eni Indonesia, a subsidiary of Italy’s energy giant Eni.

about 10 months ago
Man pointing at offshore platform
Business & Finance

New partner joins TotalEnergies’ CO2 storage project off Denmark

The Danish subsidiary of France’s energy giant TotalEnergies has signed a farm-down agreement with CarbonVault, an affiliate of the German cement producer SCHWENK, for a carbon capture and storage (CCS) project in the Danish sector of the North Sea.

about 10 months ago
Allseas and DOF win contracts for pipeline renewal in Singapore
Business & Finance

Allseas and DOF win contracts for pipeline renewal in Singapore

Singapore-headquartered Aster, a provider of energy, chemical, and infrastructure solutions in Southeast Asia, has awarded contracts to Allseas and DOF Group, as well as other partners, for engineering and rejuvenation of direct tanker-to-refinery crude oil transfer infrastructure. Aster is investin

about 10 months ago
Transocean Norge; Source: Transocean
Business & Finance

Harbour Energy obtains go-ahead for North Sea drilling ops with Transocean rig

Harbour Energy has secured a permit to spud a wildcat well in the Norwegian sector of the North Sea, which will be done with a semi-submersible rig owned by Transocean.

about 10 months ago
Deepwater Atlas drillship; Source: Transocean
Business & Finance

BP, Petrobras keeping Transocean rig duo busy in US Gulf and Brazil

Two drillships, which are part of a rig fleet owned by Switzerland-based offshore drilling contractor Transocean, are staying in the Gulf of America (Gulf of Mexico) and Brazil, thanks to multimillion-dollar contract options, which the UK-headquartered BP and Brazil’s Petrobras decided to take advan

about 10 months ago
Port Arthur LNG Phase 2; Source: Sempra
Business & Finance

Baker Hughes’ equipment helping write US Gulf Coast LNG project’s next chapter

Baker Hughes, a U.S.-headquartered energy technology player, has sealed a deal to provide liquefaction equipment for the second phase of a liquefied natural gas (LNG) export terminal under development in Texas, United States.

about 10 months ago
Illustration; Source: PetroReconcavo
Business & Finance

Brazil’s PetroReconcavo seals midstream deal with compatriot firm

Brazilian oil and gas company Petroreconcavo has completed the purchase of a stake in natural gas midstream assets located in Brazil’s State of Rio Grande do Norte from 3R Potiguar, a subsidiary of compatriot player Brava Energia.

about 10 months ago
Aerial view of the LNG Canada facility in Kitimat, British Columbia, Canada
Business & Finance

Petronas-MidOcean partnership bets on Canada’s LNG potential

Keeping opportunities in Canada’s liquefied natural gas (LNG) sector at the forefront, Malaysia’s state-owned energy giant Petronas has sealed a long-term alliance with MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 10 months ago
Prysmian’s Monna Lisa to connect Italy and Tunisia
Business & Finance

Prysmian’s Monna Lisa to connect Italy and Tunisia

Italy’s transmission system operator (TSO) Terna and Tunisian counterpart STEG have selected Italian cabling giant Prysmian for the construction of a submarine power interconnection between the two countries. The Elmed project will be the first direct current connection between Europe and Africa and

about 10 months ago
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