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Business & Finance

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Clean FuelFossil EnergyLiquefied Natural GasLNGOil & GasOther FuelsBusiness Developments & ProjectsAlternative FuelsExploration & ProductionAuthorities & GovernmentCarbon Capture Usage & StorageRegulation & PolicyTransitionSubseaProject & TendersFPSO & VesselsRigsGreen MarineShipbuildingVesselsFunding & RegulationHydrogenLow-Carbon TransitionOutlook & StrategyRules & RegulationEnergy TransitionPorts & InfrastructureCollaborationCertification & ClassificationSurveys & Interventions
Frontal view of a vessel at sea
Business & Finance

Eni pens decade-long LNG offtake deal with Thai player

Italy’s energy giant Eni has won a new multi-year liquefied natural gas (LNG) agreement with Gulf Development Company, said to be one of Thailand’s largest private power producers.

about 9 months ago
Texas LNG; Source: Glenfarne
Business & Finance

20-year offtake lands on LNG project’s table in Lone Star State

Texas LNG, a subsidiary of Glenfarne Energy Transition, has secured an offtake deal with Macquarie Energy, a subsidiary of Macquarie Group, for a liquefied natural gas (LNG) export facility to be constructed in the Port of Brownsville, Texas.

about 9 months ago
Greensand project artist rendering; Source Aker Carbon Capture
Business & Finance

Denmark pushes back bid submission deadline for piece of $4.59 billion carbon capture and storage pie

The Danish Energy Agency has postponed the deadline for its carbon capture and storage (CCS) tendering procedure, which enables interested companies to get a slice of the DKK 28.7 billion ($4.59 billion) funding cake earmarked to lend Denmark a helping hand in achieving its climate neutrality vision

about 9 months ago
FPSO Sepetiba; Source: Petrobras
Business & Finance

Petrobras and Shell up their stakes in pre-salt oil projects offshore Brazil

A consortium, consisting of Brazil’s state-owned energy giant Petrobras and Shell Brasil Petróleo, a subsidiary of the UK-headquartered Shell, has secured additional equity in two pre-salt oil projects in Brazilian waters following an auction led by Pré-Sal Petróleo (PPSA).

about 9 months ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

Seven-year gas supply deal is a go as Puerto Rico backs it up

U.S. energy infrastructure player New Fortress Energy (NFE) has received the go-ahead for its multi-year gas supply arrangement with the government of Puerto Rico, which will allow it to provide liquefied natural gas (LNG) to the Caribbean nation.

about 9 months ago
TGS scores first OBN gig for 2026 in European waters
Business & Finance

TGS scores first OBN gig for 2026 in European waters

Norwegian energy data and intelligence company TGS has opened the contracting season in Europe for next year with an ocean bottom node (OBN) survey deal.

about 9 months ago
FPSO Norne; Credit: Gudmund Nymoen/Equinor
Business & Finance

28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back

Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway.

about 9 months ago
COSL Prospector rig; Source: COSL
Business & Finance

Fresh oil discovery in Barents Sea comes to light

Vår Energi, an independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), has made a new oil discovery off the coast of Norway, with a semi-submersible rig owned by COSL Drilling Europe.

about 9 months ago
Naming ceremony; Source: K Line
Business & Finance

Vessel pair destined to be part of QatarEnergy’s LNG fleet gets naming ceremony out of the way

Japan’s maritime transport player, Kawasaki Kisen Kaisha (K Line), has confirmed a naming ceremony for two liquefied natural gas (LNG) carriers at HD Hyundai Heavy Industries’ shipbuilding facility.

about 9 months ago
EU flags
Business & Finance

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs).

about 9 months ago
CO2 Collection Terminal; Source: Höegh Evi
Business & Finance

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden.

about 9 months ago
FPSO hull design; Source: Deltamarin
Business & Finance

FPSO hull design obtains ABS’ seal of approval

The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design.

about 9 months ago
Map showing U.S. basins; Source: TGS
Business & Finance

TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.

about 9 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron earmarks $7 billion for offshore oil & gas moves in Guyana, Mediterranean and US Gulf

U.S.-headquartered energy giant Chevron has unveiled its multibillion-dollar budget for next year, setting aside around $7 billion for offshore oil and gas plays across Guyana, Eastern Mediterranean and the Gulf of America (U.S. Gulf of Mexico).

about 9 months ago
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