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Business & Finance

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Enviros Group rapidly expands Southeast Asia presence with HGIS acquisition
Business & Finance

Enviros Group rapidly expands Southeast Asia presence with HGIS acquisition

Enviros Group broadens its APAC footprint by joining forces with one of the region’s leading and largest offshore survey companies. Enviros Group (Enviros) is thrilled to announce the acquisition of Hurricane Geo Inspection Survey Sdn. Bhd. (HGIS), one of Southeast Asia’s most established and awarde

about 10 months ago
Texas GulfLink deepwater crude oil export terminal; Source: Sentinel Texas GulfLink
Business & Finance

Texas’ deepwater crude oil export port cleared for takeoff as US energy expansion continues

Texas GulfLink, an affiliate of Dallas-based Sentinel, has received a permit from the U.S Environmental Protection Agency (EPA) for its offshore deepwater crude oil export terminal near Freeport, Texas.

about 10 months ago
South Korean duo sets out to promote domestic LNG bunkering business
Business & Finance

South Korean duo sets out to promote domestic LNG bunkering business

South Korea’s trading company POSCO International has signed a memorandum of understanding (MoU) with Korea Southern Power to promote the domestic LNG bunkering business.

about 10 months ago
Prysmian completes cable laying for Spanish interconnection
Business & Finance

Prysmian connects two Canary Islands with submarine cables

Italian cabling giant Prysmian Group has finished laying the submarine cable for the interconnection between Tenerife and La Gomera in Spain, with the entire infrastructure expected to be completed by the end of this year. The interconnection consists of a 66 kV double-circuit line, with a 36-kilome

about 10 months ago
HyOrc and Start forge joint venture to build green methanol network in Portugal
Business & Finance

HyOrc and Start forge joint venture to build green methanol network in Portugal

HyOrc has signed a definitive joint venture (JV) agreement with Start to co-develop and operate a network of green methanol plants in Portugal.

about 10 months ago
Wärtsilä
Business & Finance

Wärtsilä’s 15-year deal fortifying operational reliability of Chinese firm’s LNG vessel trio

Wärtsilä has won a multi-year lifecycle agreement for three liquefied natural gas (LNG) carriers with China LNG Shipping (International) Co. Ltd. (CLSICO), which is perceived to be designed to ensure operational reliability, enable flexibility in maintenance scheduling, and optimize the time between

about 10 months ago
Long-term, project-based contracts lead South Korean cable maker to ‘record order backlog’
Business & Finance

Long-term, project-based contracts lead South Korean cable maker to ‘record order backlog’

South Korean Taihan Cable & Solution has reported a record order backlog of KRW 3.25 trillion (approximately €2 billion) as of the end of August, surpassing KRW 3 trillion for the first time ever and marking an all-time high. This represents a 3.5-fold increase from KRW 945.5 billion at the end of 2

about 10 months ago
Meridian purpose-built FPSO hull design; Courtesy of Yinson Production
Business & Finance

Deepwater frontiers calling: Yinson Production’s FPSO hull design with low-carbon kit wins DNV’s blessing

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has unveiled a purpose-built floating production storage and offloading (FPSO) hull design, which has secured main scantling approval (MSA) from DNV, a Norwegian classification socie

about 10 months ago
Darwin LNG; Source: Santos
Business & Finance

$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos

A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos.

about 10 months ago
Blue Marlin stimulation vessel; Source: Baker Hughes
Business & Finance

Baker Hughes helping Petrobras enhance oil & gas production as vessel duo remains in Brazil

U.S.-headquartered energy technology giant Baker Hughes has disclosed a long-term contract extension with Brazil’s Petrobras for two stimulation vessels, which will keep supporting offshore operations that optimize oil and gas recovery in the South American country’s post and pre-salt fields.

about 10 months ago
Keel laid for second Island Offshore hybrid ocean energy construction vessel
Business & Finance

Keel laid for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has held the keel laying ceremony for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The vessel, marked NB 978, is being built at Vard Shipyards Romania – Tulcea and is the sister ship of NB 977

about 10 months ago
Courtesy of Astro Offshore
Business & Finance

Vessel quintet addition sets the stage for 49-strong fleet to scale up UAE firm’s reach and capabilities

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has expanded its fleet with four platform supply vessels (PSVs) and one multipurpose supply vessel (MPSV), which boost the UAE-headquartered firm’s operational efficiency and fleet versatility.

about 10 months ago
BW Energy
Business & Finance

BW Energy makes changes to its executive management team

Oslo-listed oil and gas E&P player BW Energy has revealed the names of its Chief Operating Officer (COO) and Chief Financial Officer (CFO).

about 10 months ago
Auctioneer selected for cross-border transmission capacity of first UK-Germany energy link
Business & Finance

NeuConnect: Auctioneer selected for cross-border transmission capacity

As part of plans for preparations for the start of commercial and market operations, Joint Allocation Office (JAO) has been appointed as the provider for auctioning cross-border transmission capacity for the NeuConnect high-voltage submarine cable that will create the first direct energy transmissio

about 10 months ago
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