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Business & Finance

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Rendering of an LNG terminal
Business & Finance

New US assignment brings Baker Hughes more work on multibillion-dollar LNG project

U.S.-headquartered energy technology giant Baker Hughes has been tasked with providing the main liquefaction equipment for the recently greenlit expansion of a liquefied natural gas (LNG) export project in Texas, United States.

about 10 months ago
Vallourec to supply Petrobras with OCTG from 2026 to 2029 in deal worth up to $1B
Business & Finance

Vallourec to supply Petrobras with OCTG from 2026 to 2029 in deal worth up to $1B

French provider of tubular solutions Vallourec has signed a long-term agreement with Brazilian oil & gas giant Petrobras for the supply of oil country tubular goods (OCTG) that could generate total revenue of up to $1 billion. Following a competitive bidding process, Vallourec has been selected to s

about 10 months ago
Brage platform; Source: OKEA
Business & Finance

Norway casts light on recent North Sea oil discovery

Following an oil discovery at a prospect off the coast of Norway, the Norwegian Offshore Directorate (NOD) has revealed further insight into the latest black gold find in the North Sea.

about 10 months ago
COOEC claims its mega order in Qatar breaks the record for the contract value of offshore engineering projects being handled by Chinese companies in the Middle East; Source: COOEC
Business & Finance

$4 billion oil & gas assignment in Middle East breaks Chinese companies’ record

Qatar’s state-owned oil & gas giant QatarEnergy has entrusted China’s Offshore Oil Engineering Company (COOEC) with two segments of work related to its redevelopment project off the Persian Gulf state’s coast. This package set, worth approximately $4 billion, is said to set a new contract value reco

about 10 months ago
Longitude NGI
Business & Finance

ABL’s Longitude, NGI enter offshore wind design partnership

Design and engineering consultancy Longitude and the Norwegian Geotechnical Institute (NGI) have partnered to provide developers and operators of offshore wind farms with an integrated technical offering in offshore wind design. Under the terms of the agreement, Longitude and NGI will collaborate in

about 10 months ago
Abaxx; LNG carrier
Business & Finance

Singapore-China partnership sets its cap on LNG procurement and trading

With the idea of pursuing a collaboration in liquefied natural gas (LNG) procurement and related trading services, Singapore’s Abaxx Commodity Exchange, an affiliate of Abaxx Technologies, has joined forces with Zhonggong Petroleum & Natural Gas (Zhonggong), an energy company with provincial-level p

about 10 months ago
After Saipem and Subsea7, Baker Hughes gets more work at Türkiye’s mega natural gas project
Business & Finance

After Saipem and Subsea7, Baker Hughes gets more work at Türkiye’s mega natural gas project

U.S.-headquartered energy technology company Baker Hughes has secured a contract to deliver subsea production and intelligent completion systems for the third phase of Türkiye’s largest natural gas field. Under the contract awarded by Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technolog

about 10 months ago
JERA
Business & Finance

New energy hub on the cards for Balkans as JERA and Montenegro delve into LNG terminal possibilities

Japan’s energy major JERA has taken steps to augment its liquefied natural gas (LNG) arsenal by striking a deal with the government of Montenegro to look into the development of an LNG terminal and an associated gas-fired plant, which has the potential to establish a new energy hub in the Western Ba

about 10 months ago
Port of San Diego reports progress on Maritime Clean Air Strategy
Business & Finance

Port of San Diego reports progress on Maritime Clean Air Strategy

The Port of San Diego, the U.S., has implemented and is making progress on 80% of the objectives outlined in its Maritime Clean Air Strategy (MCAS), according to the latest MCAS highlights report.

about 10 months ago
UK subsea contractor orders three ROVs for work in West Africa
Business & Finance

UK subsea contractor orders three ROVs for work in West Africa

Film-Ocean, a UK-based subsea contractor providing ROV inspection and intervention services, in partnership with its parent company Stapem, is investing in three work-class remotely operated vehicles (ROVs) from SMD. The order comprises two SMD Quantum 250-hp heavy-duty work-class ROVs and one SMD A

about 10 months ago
LNG carrier; Source: MET Group
Business & Finance

More LNG for Singapore as Keppel and MET shake hands on long-term deal

Switzerland-based MET Group, an integrated European energy company, has firmed up a heads of agreement (HoA) with Infrastructure Division of Singapore-headquartered Keppel, an asset manager and operator, together with a licensed LNG importer, for the supply of liquefied natural gas (LNG), enhancing

about 10 months ago
FPSO Energean Power; Source: Energean
Business & Finance

First gas from Mediterranean phased development on track for 2027

London-based oil and gas player Energean is expecting to bring online in less than two years the first chapter of an area in the Mediterranean, containing a string of gas discoveries made in 2022, as part of a phased development off the coast of Israel.

about 10 months ago
Greece investing over €61M in third Corfu-mainland interconnector
Business & Finance

Greece investing over €61M in third Corfu-mainland interconnector

Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) is investing more than €61 million to further strengthen Corfu’s energy security with a third subsea interconnector linking the island to the mainland. The project will see the construction of the 21-kilometer 15

about 10 months ago
Shareholders inject nearly €1.2M into Carnegie’s wave energy ambitions
Business & Finance

Shareholders inject nearly €1.2M into Carnegie’s wave energy ambitions

Australian wave energy developer Carnegie Clean Energy has raised AUD 2.116 million (almost €1.2 million) from its share purchase plan (SPP), which closed on September 8, 2025. According to Carnegie, the funds will be used to advance several initiatives supporting the commercialization of its CETO a

about 10 months ago
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