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Business & Finance

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Prysmian’s cable layers start installing two subsea interconnections in Spain
Business & Finance

Prysmian’s cable layers start installing two subsea interconnections in Spain

Two cable-laying vessels (CLVs) owned by Italian cabling giant Prysmian Group have begun work on two submarine power interconnections in Spain, as part of contracts together worth approximately €250 million, announced in 2022. Prysmian is in charge of the design, supply, installation and commissioni

about 11 months ago
Darwin LNG; Source: Santos
Business & Finance

With extension in effect, XRG-led consortium hammers away at $19B Santos takeover terms

Australia’s energy player Santos has signed up for a multi-week extension of the deadline set for negotiations regarding an $18.7 billion non-binding indicative offer received from a consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Ho

about 11 months ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business & Finance

TEAMER selects 18 new marine energy projects for technical support

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 18 projects through its 16th request for technical support (RFTS), representing over $2.7 million in funding. The Technical Support Recipients (TSRs) will receive assistance across numerical modeling, labo

about 11 months ago
An aerial view of an LNG complex
Business & Finance

BP tasks Baker Hughes with 90-month job on Asian LNG project

U.S.-headquartered energy technology giant Baker Hughes has landed a long-term deal with BP, a UK-headquartered energy player, for work on a liquefied natural gas (LNG) plant in Papua Barat, Indonesia.

about 11 months ago
Ghana's first deepwater OBN seismic survey entrusted to Norwegian firm
Business & Finance

Ghana’s first deepwater OBN seismic survey entrusted to Norwegian firm

Following the announcement about a deepwater ocean bottom node (OBN) contract in Angola from earlier today, Norway’s Shearwater GeoServices has now reported the award of Ghana’s first deepwater OBN seismic survey. The OBN seismic survey will cover the Jubilee and TEN fields operated by Tullow Oil, a

about 11 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig set to kick off gas drilling ops mid-October offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has modified its timeline for the start of a two-well gas exploration campaign in the Otway Basin, which will be undertaken with one of Transocean’s rigs off the coast of Australia.

about 11 months ago
Baleària
Business & Finance

Baleària broadens network following strategic route acquisition in Spanish waters

Spain-based ferry operator Baleària has finalized an agreement with compatriot shipping company Armas Trasmediterránea to acquire its business in the Canary Islands and the Alboran Sea, as well as part of the business in the Strait of Gibraltar, which has been purchased by Denmark’s DFDS. As part of

about 11 months ago
Illustration; Source: Trafigura
Business & Finance

Korea’s gas player taps Singapore’s Trafigura for LNG offtake

Trafigura, a Singapore-headquartered commodities group, has secured a multi-year deal to supply liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS), the Republic of Korea’s national gas company, said to be one of the world’s largest importers of LNG.

about 11 months ago
Tangguh LNG; Source: BP
Business & Finance

Chinese giant expands its oil & gas footprint in Southeast Asia

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has enlarged its Asian portfolio with two exploration blocks in Indonesia.

about 11 months ago
Cerberus
Business & Finance

Bringing ‘manufacturing renaissance’ to US: HD Hyundai, Cerberus, KDB to help revitalize US maritime capabilities

South Korean conglomerate HD Hyundai and American alternative investment firm Cerberus Capital Management have decided to enter into a strategic partnership to launch a new maritime investment strategy, Cerberus Maritime.

about 11 months ago
CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship
Business & Finance

CCEC secures financing for new dual-fuel gas carriers, sells Neo-Panamax boxship

Greek shipowner Capital Clean Energy Carriers (CCEC) has entered into an agreement to sell a Neo-Panamax container vessel and secured financing for six dual-fuel medium gas carrier (MGC) newbuilds.

about 11 months ago
BW Opal floating production storage and offloading unit
Business & Finance

Australia ups energy ante: LNG project ready for start-up, FPSO weeks away from first gas

Australian energy player Santos has shed light on the progress made in bringing its oil, gas, and liquefied natural gas (LNG) projects to life, with one project reaching the stage where all the pieces are in place to come online, another is fast approaching the same level, and the third one in Alask

about 11 months ago
'Proud moment' for Reach Subsea as its USV travels to Australia
Business & Finance

‘Proud moment’ for Reach Subsea as its USV travels to Australia

Norway’s Reach Subsea has sent off its uncrewed surface vessel (USV) on a trip to Australia where it will provide reservoir monitoring for Australia’s energy giant Woodside Energy. The Reach Remote 2 USV, which Reach Subsea took delivery of in June, is currently travelling to Australia to perform re

about 11 months ago
Shearwater to spend two months in Angola working for ExxonMobil
Business & Finance

Shearwater to spend two months in Angola working for ExxonMobil

Norway’s Shearwater GeoServices has secured another contract in Africa, this time for a deepwater ocean bottom node (OBN) seismic survey it will perform for ExxonMobil in Angola. The two-month project, secured with ExxonMobil’s affiliate Esso Exploration Angola Block 15 Limited, will begin during th

about 11 months ago
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