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Business & Finance

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Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech
Business & Finance

Six industry majors unite to commercialize cost- and emission-cutting subsea flowline heating tech

DeepOcean as the project owner and its five partners have launched a joint industry project to commercialize an innovative subsea flowline heating technology designed to reduce manufacturing and installation costs by up to 35% and carbon emissions by 30% through the separation of pipeline and heatin

about 11 months ago
Melbourne and Shanghai ports shake hands on green shipping corridor
Business & Finance
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Melbourne and Shanghai ports shake hands on green shipping corridor

Australia’s Port of Melbourne and China’s Port of Shanghai have joined forces to establish a green shipping corridor.

about 11 months ago
Grain LNG
Business & Finance

QatarEnergy makes use of ‘largest LNG receiving terminal’ in Europe

QatarEnergy has started utilizing liquefied natural gas (LNG) storage and regasification capacity at a giant LNG terminal in the UK, which is described as Europe’s largest LNG regasification terminal, located at Isle of Grain to the east of London.

about 11 months ago
Thor rig; Source: Crystal Offshore via LinkedIn
Business & Finance

Borr rig embarks on multi-well oil & gas drilling job in Asia, another unit joining next month

UK-headquartered oil and gas player Pharos Energy has confirmed the start of drilling activities in Block 16-1, located in the shallow water Cuu Long Basin, off the coast of Vietnam. A jack-up rig, owned by Borr Drilling, an offshore drilling player, has begun this drilling assignment. This mobile o

about 11 months ago
Viking Vigor
Business & Finance

Turkish-built, methanol-powered subsea vessel faces deferred delivery

The delivery of a next-generation subsea vessel being built at the Turkish Sefine Shipyard for Norway’s Eidesvik Offshore and Agalas has been delayed for the third quarter of 2026, instead of the initial plan for early next year. The 100-meter-long Viking Vigor will be powered by methanol and, upon

about 11 months ago
Norwegian Cruise Line and Repsol ink long-term renewable marine fuels deal
Business & Finance

Norwegian Cruise Line and Repsol ink long-term renewable marine fuels deal

Cruise company Norwegian Cruise Line Holdings (NCLH) and Spanish multi-energy player Repsol have established “an unprecedent long-term relationship within the cruise industry” with a landmark 8-year agreement covering supply of renewable marine fuels at the Port of Barcelona.

about 11 months ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

North Sea FPSO back online after temporary production halt

Serica Energy has disclosed the restart of production from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS).

about 11 months ago
EDrill-2 rig
Business & Finance

2014-built rig kicks off its five-year Asian drilling gig

Singapore’s tender-assisted drilling provider Energy Drilling, a wholly owned subsidiary of Cyprus-headquartered SED Energy Holdings, has confirmed the start of its 11-year-old rig’s drilling assignment with Thailand’s national oil and gas company PTT Exploration and Production Public Company Limite

about 11 months ago
Rendering of Commonwealth LNG plant
Business & Finance

Legal setback for US LNG arena: Court nixes $11 billion Gulf Coast project’s permit

A wave of planned U.S. liquefied natural gas (LNG) projects is perceived to be under scrutiny in the aftermath of a recent court ruling, which revoked a permit for an LNG export terminal over alleged climate harms. This decision is anticipated to halt the project’s construction activities on the wes

about 11 months ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business & Finance

UK firm set on quadrupling gas and hydrogen energy storage capacity with new license push

With energy storage capacity growth in mind, EnergyPathways, the England-based energy transition-focused player, is moving forward with its expansion aspirations by pursuing new storage license applications for its proposed large-scale offshore wind-powered energy storage project in the East Irish S

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

EU puts its foot down on Russian oil & gas imports with gradual phase-out

The latest step taken to end the EU’s dependence on Russian fossil fuels is contained within its plans to gradually ban imports of oil, gas, and liquefied natural gas (LNG) from next year, with limited exceptions for existing short-term and long-term contracts. This legislation is described as a res

about 11 months ago
Nigerian oil & gas firm orders two new UK-made remotely operated vehicles
Business & Finance

Nigerian oil & gas firm orders two new UK-made remotely operated vehicles

UK’s Forum Energy Technologies (FET) has secured an order from Nigerian oil & gas company Marine Platforms (MPL) for the delivery of two of its new generation work-class remotely operated vehicles (WROVs). The contract secured by FET’s Subsea product line marks the first sale of the XLX EVO III, whi

about 11 months ago
HelioRec
Business & Finance

HelioRec seeks partners to boost global floating solar presence

French floating solar company HelioRec is looking to strengthen its global footprint by partnering with distributors and commercial representatives for its floating solar systems. According to the company, its patented technology is designed for lakes and nearshore areas, providing a “reliable and c

about 11 months ago
Ramform Tethys
Business & Finance

TGS wins new contracts in Gulf of America and Africa

Norwegian energy data and intelligence company TGS has secured two new acquisition contracts, one in the Gulf of America (Gulf of Mexico) and another in Africa, both expected to start by the end of the year. TGS has been awarded an ocean bottom node (OBN) acquisition contract in the Gulf of America

about 11 months ago