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Business & Finance

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Business Developments & ProjectsExploration & ProductionIT & SoftwareProject & TendersTechnologyAuthorities & GovernmentRegulation & PolicyCarbon Capture Usage & StorageCollaborationTransitionMarket OutlooksOutlook & StrategyInfrastructureVesselsVisionEquipmentPorts & LogisticsRules & Regulation
Island Innovator rig; Source: Island Drilling
Business & Finance

2012-built rig in digital era pursuit as Island Drilling awards five-year gig to Tampnet

With digitalization spreading its wings across offshore operations, Norway’s offshore drilling contractor Island Drilling has handed out a multi-year deal to Tampnet, a compatriot provider of offshore high-capacity and low-latency connectivity services, to enhance the digital capabilities of its sem

about 11 months ago
Q5000; Source: Helix Energy Solutions
Business & Finance

Helix answers ‘major’ operator’s call for multi-year job in Gulf of America

Helix Energy Solutions, a U.S.-headquartered offshore energy services provider, has landed a long-term assignment with an undisclosed oil and gas operator in the Gulf of America, formerly the U.S. Gulf of Mexico.

about 11 months ago
Alpha Star rig is one of multiple units working for Petrobras offshore Brazil; Source: Constellation Oil Services
Business & Finance

Brazil puts seven blocks on offer in latest oil & gas bid round

The National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has revealed seven blocks in the Campos and Santos basins that will be offered in the public session of the 3rd Cycle of the Open Acreage of Production Sharing (OPP).

about 11 months ago
LNG terminal
Business & Finance

Multi-train LNG project on Texas Gulf Coast embarks on carbon capture FEED study

Coastal Bend LNG, a privately held energy infrastructure development company, has launched a front-end engineering and design (FEED) study with Solvanic for electrochemically mediated amine regeneration (EMAR) carbon capture at its planned liquefied natural gas (LNG) project along the Texas Gulf Coa

about 11 months ago
Shell
Business & Finance

Shell-FOCOL JV books Nikkiso for its LNG-to-power project in Bahamas

Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG), an affiliate of Japan’s Nikkiso, has been hired by New Providence Gas (NPG), a joint venture (JV) to be formed by Shell and a subsidiary of FOCOL Holdings, to provide a liquefied natural gas (LNG) regasification and cryogenic equipment f

about 11 months ago
CMB.TECH
Business & Finance

Newly merged CMB.TECH-Golden Ocean entity controls a fleet of 80+ hydrogen-, ammonia-ready ships

Belgian shipowner CMB.TECH and Norway-based dry bulk shipping company Golden Ocean Group (GOGL) have completed the stock-for-stock merger. As informed, GOGL merged with CMB.TECH Bermuda, a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving company, and with CMB.TECH as the i

about 11 months ago
Solar in Seychelles
Business & Finance

Seychelles’ ‘first utility-scale’ floating solar project secures financing

French renewable energy company Qair has secured a $5.7 million (approximately € 4.8 million) senior debt facility from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital, to finance the development, construction, and operation of a 5.8 MWp floating solar plant in Providence Lagoon o

about 11 months ago
USV in action for TotalEnergies offshore Norway
Business & Finance

USV in action for TotalEnergies offshore Norway

Norway’s Reach Subsea has performed a subsea inspection campaign at TotalEnergies’ fields on the Norwegian Continental Shelf (NCS) using its Reach Remote 1 uncrewed surface vessel (USV). The annual inspection of subsea production systems and Xmas trees also included integrity checks, assessment of a

about 11 months ago
Petrobras hands out $640M in ROV support vessel contracts to compatriot firm
Business & Finance

Petrobras hands out $640M in ROV support vessel contracts to compatriot firm

Brazil’s state-owned oil & gas giant Petrobras has awarded compatriot OceanPact with four new contracts worth approximately BRL 3.2 billion (around $640 million) for the charter of remotely operated vehicle (ROV) support vessels (RSVs). Founded in 2007 in Rio de Janeiro, OceanPact offers services fo

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

US puts 30 new oil & gas lease sales on Gulf of America’s menu

The U.S. Department of the Interior (DOI) has unveiled an uptick in the oil and gas leasing schedule in the Gulf of America, formerly the U.S. Gulf of Mexico, which is said to strengthen the nation’s offshore energy dominance aspirations.

about 11 months ago
Montara field FPSO
Business & Finance

Initial well production exceeds expectations at Australian offshore oil field

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has revealed the results of initial flow testing at a well off the coast of Australia that achieved production rates significantly above expectations.

about 11 months ago
Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery
Business & Finance

Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, is set to acquire active and passive electromagnetic sensing capabilities from Argeo’s bankruptcy estate. To remind, it was reported on July 7 that Norwegian subsea services provider Argeo and its Nor

about 11 months ago
West Vela drillship; Source: Seadrill
Business & Finance

US firm hits oil pay in Gulf of America with Seadrill rig

Houston-based energy player Talos Energy has made a new oil discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, thanks to its drilling activities with a drillship owned by Seadrill, an offshore drilling contractor.

about 11 months ago
Inna Braverman and CY Huang explain the Eco Wave Power technology to Mr. Yu Zheng Wei Head of Taiwan's Energy Bureau, and Mrs. Wang Mei Hua, Taiwan's former Minister for Economic Affairs.
Business & Finance

First commercial port site in Taiwan ready for wave energy pilot

Wave energy developer Eco Wave Power Global and its partner I-KE International Ocean Energy, a subsidiary of Lian Tat Company, have obtained the official land use tender from Suao Port Company for a wave energy pilot station in Taiwan. According to Eco Wave Power, this marks the first time a commerc

about 11 months ago
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