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Business & Finance

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Fossil EnergyLiquefied Natural GasOil & GasBusiness Developments & ProjectsProject & TendersCollaborationCablingInterconnectorsSubseaVessels & VehiclesOutlook & StrategyVesselsExploration & ProductionClean FuelElectricMethanolOffshore WindOperations & MaintenanceGridInfrastructureFloating SolarMarine EnergyTechnologyAuthorities & GovernmentRegulation & PolicyTransitionVisionRigs
Port Arthur LNG Phase 2; Source: Sempra
Business & Finance

Baker Hughes’ equipment helping write US Gulf Coast LNG project’s next chapter

Baker Hughes, a U.S.-headquartered energy technology player, has sealed a deal to provide liquefaction equipment for the second phase of a liquefied natural gas (LNG) export terminal under development in Texas, United States.

about 1 year ago
Illustration; Source: PetroReconcavo
Business & Finance

Brazil’s PetroReconcavo seals midstream deal with compatriot firm

Brazilian oil and gas company Petroreconcavo has completed the purchase of a stake in natural gas midstream assets located in Brazil’s State of Rio Grande do Norte from 3R Potiguar, a subsidiary of compatriot player Brava Energia.

about 1 year ago
Aerial view of the LNG Canada facility in Kitimat, British Columbia, Canada
Business & Finance

Petronas-MidOcean partnership bets on Canada’s LNG potential

Keeping opportunities in Canada’s liquefied natural gas (LNG) sector at the forefront, Malaysia’s state-owned energy giant Petronas has sealed a long-term alliance with MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 1 year ago
Prysmian’s Monna Lisa to connect Italy and Tunisia
Business & Finance

Prysmian’s Monna Lisa to connect Italy and Tunisia

Italy’s transmission system operator (TSO) Terna and Tunisian counterpart STEG have selected Italian cabling giant Prysmian for the construction of a submarine power interconnection between the two countries. The Elmed project will be the first direct current connection between Europe and Africa and

about 1 year ago
Illustration; Source: Shell
Business & Finance

Shell flows first gas from North Sea field

Shell has kicked off production from a gas field in the North Sea, which is expected to help maintain domestically produced gas for Britain’s homes, businesses, and power generation.

about 1 year ago
Windward Offshore takes delivery of its first green methanol-ready CSOV
Business & Finance

Windward Offshore takes delivery of its first green methanol-ready CSOV

Vard has delivered the first commissioning service operation vessel (CSOV) to Windward Offshore, Windward Athens, which marks the German company’s entry into the offshore wind operations & maintenance (O&M) market. Windward Offshore has three more CSOVs under construction at Vard. Built by Vard in N

about 1 year ago
Illustration; Source: Conrad Asia Energy
Business & Finance

Divestment timeline for Asian firm’s gas field stake gets bumped to year-end

Coro Duyung, a subsidiary of Coro Energy in Southeast Asia, has revised the end date for the disposal of its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia, which will enable it to pivot to its renewable energy portfolio once this sale closes its fossil fuels era.

about 1 year ago
South Korean subsea cable factory breaks ground
Business & Finance

South Korean subsea cable factory breaks ground

South Korean Taihan Cable & Solution has begun the construction of its second submarine cable manufacturing facility, which will once operational deliver a production capacity nearly five times greater than the company’s first submarine cable plant. The Dangjin Submarine Cable Plant 2 is located at

about 1 year ago
Alotta floating solar
Business & Finance

Norwegian floating solar firm lands €5.4M for global expansion

Norwegian floating solar company Alotta has raised NOK 63.5 million (around €5.4 million) to accelerate international expansion following a 15-year power purchase agreement (PPA) with Mowi Chile, the world’s largest salmon farmer. According to Alotta, the deal covers renewable power supply to Mowi’s

about 1 year ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business & Finance

North Sea operator raises its stake in UK gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has completed its acquisition of an additional stake in a gas field on the UK Continental Shelf (UKCS).

about 1 year ago
Prysmian preferred bidder to get €2B contract for major UK interconnector
Business & Finance

Prysmian preferred bidder to get €2B contract for major UK interconnector

Great Britain’s transmission owners National Grid Electricity Transmission and SP Energy Networks have selected Italian cabling giant Prysmian as the preferred bidder for the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig two weeks away from drilling ops offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has embarked on pre-lay operations before it begins its natural gas exploration activities in the Otway Basin off the coast of Australia, with a rig owned by Transocean, an offshore drilling giant.

about 1 year ago
Edda Freya; Source: DeepOcean
Business & Finance

DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters

DeepOcean has won a new installation assignment at two oil and gas fields off the coast of Norway with the country’s state-owned energy giant Equinor.

about 1 year ago
Wärtsilä has signed a ten-year lifecycle agreement with OPearl LNG Ship Management for 14 LNG carriers; Credit: OPearl LNG Ship Management
Business & Finance

Another Chinese player turns to Wärtsilä: Operational reliability boost on the horizon for 14 LNG vessels

Wärtsilä has secured a multi-year lifecycle agreement for 14 liquefied natural gas (LNG) carriers with Hong Kong-based OPearl LNG Ship Management, a joint venture between China Merchant LNG, CNOOC, and NYK, which was created to serve as the ship management arm for all three shareholders.

about 1 year ago
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