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Business & Finance

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Rendering of possible configuration of the IQuay Regas Terminal; Source: ECOnnect Energy
Business & Finance

Floating regas solution gains ground: ECOnnect scores double pre-FEED win on LNG import projects

Norway’s technology company ECOnnect Energy has picked up two preliminary front-end engineering design (pre-FEED) deals for its modular regasification (regas) solution, said to be designed for faster delivery and be more cost-efficient than traditional floating storage and regasification units (FSRU

about 11 months ago
Texas pipe producer wins contract for Mexico’s first deepwater oil development
Business & Finance

Texas pipe producer wins contract for Mexico’s first deepwater oil development

Texas-headquartered manufacturer of pipes and related services Tenaris has secured a contract for the delivery of casing and tubing for what will be Mexico’s first deepwater oil development. Tenaris’ scope includes the supply of 12,000 tons of casing and tubing, including 1,600 tons in the Super 13

about 11 months ago
Courtesy of Helge Aase Nesvåg/CHC Helikopter Service
Business & Finance

Equinor charts flight path for oil & gas assets with CHC and Lufttransport as $430M chopper deal takes off

With offshore safety high up on its radar, Norway’s state-owned energy giant Equinor has hired CHC Helikopter Service and Lufttransport RW for the multi-year provision of helicopter services at multiple oil and gas projects on the Norwegian Continental Shelf (NCS).

about 11 months ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Seal of approval for Vår Energi’s oil & gas drilling ops in North Sea

Vår Energi has secured the go-ahead for drilling activities in the North Sea, off the coast of Norway.

about 11 months ago
Italian shipbuilding major unveils its first underwater drone system
Business & Finance

Italian shipbuilding major unveils its first underwater drone system

Italian shipbuilding group Fincantieri has launched its first underwater drone system for the protection of critical underwater infrastructure in both civil needs and defense and security applications. The DEEP platform consists of a network of underwater sensors for early warning, a command and con

about 11 months ago
Centrica to buy LNG from Delfin Midstream
Business & Finance

U.S. LNG export project nears FID: Samsung Heavy Industries in charge of first FLNG with two more on the menu

Delfin Midstream has entrusted South Korea’s Samsung Heavy Industries (SHI) with the work on the first floating LNG (FLNG) unit for its American LNG project, which is under development in Louisiana, United States.

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

Petrobras expands Brazilian oil & gas offshore acreage with two blocks

Petrobras has enlarged its oil and gas footprint in Brazilian waters with two blocks, secured in the public session of the 3rd Cycle of the Open Acreage of Production Sharing (OPP) conducted by the Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

about 11 months ago
LLOG's FPU Salamanca; Source: Tampnet
Business & Finance

Tampnet powers LLOG’s deepwater oil project in US Gulf with digital infrastructure

Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has been tasked with the provision of high-capacity digital infrastructure for a deepwater project in the Gulf of America (Gulf of Mexico) that uses a refurbished floating production unit (FPU).

about 11 months ago
Rendering of Louisiana LNG terminal
Business & Finance

Woodside unlocks $1.9 billion injection into $17.5B US LNG project with Williams partnership

By sealing an alliance with Williams, a U.S. natural gas infrastructure player, Australia’s energy giant Woodside Energy has boosted capital and offtake momentum for its liquefied natural gas (LNG) development project in Calcasieu Parish, Louisiana.

about 11 months ago
DOF’s subsea duo gets prolonged assignments in Guyana
Business & Finance

DOF’s subsea duo gets prolonged assignments in Guyana

Norwegian vessel owner DOF Group has secured contract extensions that will keep two subsea vessels at work in Guyana. The contracts of Skandi Nomad and Skandi Constructor, both operating in Guyana, have been extended by one year each. Thanks to the extensions, the 2010-built Skandi Nomad is contract

about 11 months ago
Illustration; Source: Velesto Energy
Business & Finance

Reimaging jack-ups’ role in Malaysia: Rig-installed platforms to streamline shallow-water oil & gas developments

Malaysia’s Velesto Energy is setting the stage to cut development costs for operators by launching an integrated offshore model with ICON Engineering to deliver rig-installed wellhead platforms (RIWHPs) for offshore oil and gas field developments in Malaysian waters.

about 11 months ago
Ocean Winds sells stake in 500 MW French offshore wind farm to Allianz for €200 million
Business & Finance

Ocean Winds sells stake in 500 MW French offshore wind farm to Allianz for €200 million

Ocean Winds, a joint venture of EDPR and Engie, has decided to sell a minority stake in the 500 MW Îles d’Yeu and Noirmoutier offshore wind farm in France to Allianz Global Investors. Under the agreement, Ocean Winds will sell a 20.25% stake in the project for an equity value of €200 million, implyi

about 11 months ago
Yinson GreenTech unveils next-gen all-electric cargo vessel, the Hydromover 2.0
Business & Finance

Yinson GreenTech unveils next-gen all-electric cargo vessel, the Hydromover 2.0

Singapore-based green technology solutions provider Yinson GreenTech (YGT) has unveiled its next-generation fully electric cargo vessel, the Hydromover 2.0, and secured a landmark agreement for its deployment in the United Arab Emirates (UAE).

about 11 months ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business & Finance

Coast is clear for Golar’s 20-year FLNG assignment in Argentina

Golar Hilli Corporation, a subsidiary of the Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG, has received the all-systems-go signal for a two-decade-long charter of its floating LNG (FLNG) unit at Argentina’s LNG project on the South Americ

about 11 months ago
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