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Business & Finance

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Illustration; Source: Shell
Business & Finance

Shell flows first gas from North Sea field

Shell has kicked off production from a gas field in the North Sea, which is expected to help maintain domestically produced gas for Britain’s homes, businesses, and power generation.

about 10 months ago
Windward Offshore takes delivery of its first green methanol-ready CSOV
Business & Finance

Windward Offshore takes delivery of its first green methanol-ready CSOV

Vard has delivered the first commissioning service operation vessel (CSOV) to Windward Offshore, Windward Athens, which marks the German company’s entry into the offshore wind operations & maintenance (O&M) market. Windward Offshore has three more CSOVs under construction at Vard. Built by Vard in N

about 10 months ago
Illustration; Source: Conrad Asia Energy
Business & Finance

Divestment timeline for Asian firm’s gas field stake gets bumped to year-end

Coro Duyung, a subsidiary of Coro Energy in Southeast Asia, has revised the end date for the disposal of its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia, which will enable it to pivot to its renewable energy portfolio once this sale closes its fossil fuels era.

about 10 months ago
South Korean subsea cable factory breaks ground
Business & Finance

South Korean subsea cable factory breaks ground

South Korean Taihan Cable & Solution has begun the construction of its second submarine cable manufacturing facility, which will once operational deliver a production capacity nearly five times greater than the company’s first submarine cable plant. The Dangjin Submarine Cable Plant 2 is located at

about 10 months ago
Alotta floating solar
Business & Finance

Norwegian floating solar firm lands €5.4M for global expansion

Norwegian floating solar company Alotta has raised NOK 63.5 million (around €5.4 million) to accelerate international expansion following a 15-year power purchase agreement (PPA) with Mowi Chile, the world’s largest salmon farmer. According to Alotta, the deal covers renewable power supply to Mowi’s

about 10 months ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business & Finance

North Sea operator raises its stake in UK gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has completed its acquisition of an additional stake in a gas field on the UK Continental Shelf (UKCS).

about 10 months ago
Prysmian preferred bidder to get €2B contract for major UK interconnector
Business & Finance

Prysmian preferred bidder to get €2B contract for major UK interconnector

Great Britain’s transmission owners National Grid Electricity Transmission and SP Energy Networks have selected Italian cabling giant Prysmian as the preferred bidder for the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland

about 10 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig two weeks away from drilling ops offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has embarked on pre-lay operations before it begins its natural gas exploration activities in the Otway Basin off the coast of Australia, with a rig owned by Transocean, an offshore drilling giant.

about 10 months ago
Edda Freya; Source: DeepOcean
Business & Finance

DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters

DeepOcean has won a new installation assignment at two oil and gas fields off the coast of Norway with the country’s state-owned energy giant Equinor.

about 10 months ago
Wärtsilä has signed a ten-year lifecycle agreement with OPearl LNG Ship Management for 14 LNG carriers; Credit: OPearl LNG Ship Management
Business & Finance

Another Chinese player turns to Wärtsilä: Operational reliability boost on the horizon for 14 LNG vessels

Wärtsilä has secured a multi-year lifecycle agreement for 14 liquefied natural gas (LNG) carriers with Hong Kong-based OPearl LNG Ship Management, a joint venture between China Merchant LNG, CNOOC, and NYK, which was created to serve as the ship management arm for all three shareholders.

about 10 months ago
George W. Goethals
Business & Finance

Jan De Nul orders rock installation vessel for protection of subsea infrastructure

Jan De Nul has ordered a new subsea rock installation vessel (SRIV) in response to the growing global demand for the protection of underwater infrastructure. The vessel will primarily focus on projects in the energy sector, with the North Sea and Southeast Asia regions being the core of its operatio

about 10 months ago
Illustration; Source: Serica Energy
Business & Finance

$25.6M acquisition expanding Serica’s North Sea footprint

The UK-based upstream oil and gas player Serica Energy has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream from Prax Exploration & Production.

about 10 months ago
BP’s Andrew field; Source: BP
Business & Finance

BP entrusts Three60 Energy and AF Offshore JV with decom gig at North Sea field

BP has hired a new joint venture (JV) between Three60 Energy (THREE60) and AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, on a multimillion-pound assignment for integrated decommissioning services at its field on the UK Continental Shelf (UKCS).

about 10 months ago
floating solar, source: Ciel & Terre
Business & Finance

France commissions 23 MWp floating solar project

A 23 MWp floating solar plant has been commissioned at the Arroux gravel pits in Saone-et-Loire, French floating solar company Ciel & Terre said. The project spans five lakes and includes 40,000 solar panels connected to 50 inverters. According to Ciel & Terre, the annual output is estimated at arou

about 10 months ago
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