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Business & Finance

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Business Developments & ProjectsCarbon Capture Usage & StorageInfrastructureOutlook & StrategyProject & TendersStorageTechnologyTransitionVisionRegulation & PolicyExploration & ProductionCollaborationVesselsMarket OutlooksEquipmentGreen MarineInnovationAuthorities & GovernmentRules & Regulation
SLB adds first UK offshore CO2 storage project to its to-do list
Business & Finance

SLB adds first UK offshore CO2 storage project to its to-do list

Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB

about 1 year ago
South Angsi Alpha (SAA) decommissioning; Source: Marine Masters
Business & Finance

Rig-to-reef story writes its new chapter with Malaysian platform’s repurposing (Gallery)

Marine Masters, a Dutch provider of salvage, transport & installation, and decommissioning solutions, has finished its decommissioning assignment related to oil field infrastructure that reached the end of its service life, securing a new lease on life as part of a rig-to-reef project off the coast

about 1 year ago
Serica Energy
Business & Finance

Serica Energy brings UK firm with North Sea oil & gas assets into its fold

UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of a compatriot player, Parkmead (E&P) Limited (PUK), from Parkmead Group, expanding its North Sea portfolio with two additional licenses on the UK Continental Shelf (UKCS).

about 1 year ago
An offshore platform at Valhall field
Business & Finance

Asset trio stake sale to Inpex fueling Pandion’s growth ambitions

Norway’s oil and gas company Pandion Energy has signed an agreement to sell its stakes in three assets offshore Norway to Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex.

about 1 year ago
NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm
Business & Finance

NextGeo expands into new regions via acquisition of share in 61-year-old Italian firm

Italy-headquartered Next Geosolutions (NextGeo) has signed a sale and purchase agreement for the acquisition of 75.4% of the share capital of a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening it

about 1 year ago
Noble Resolve jack-up rig as it set off from the Esbjerg shipyard, Denmark; Source: Zenith Energy
Business & Finance

New oil & gas discovery seen as European country’s ‘largest conventional hydrocarbon field’

Keeping the remaining potential for exploration and recovery in mind, a fresh oil and gas discovery, which was drilled with a Noble Corporation-owned rig in the Baltic Sea, has aided the operator of the Wolin license block off the coast of Poland to infer that this find is one of the largest convent

about 1 year ago
Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel
Business & Finance

Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the eleventh and final vessel from compatriot operator Sea1 Offshore, ex-Siem Offshore. Siem Barracuda, the third high-end subsea vessel of a total of three that are part of the collabora

about 1 year ago
FPSO Atlanta; Source: Brava Energia
Business & Finance

Brazilian oil field months away from production peak as two more wells come back online

Brazilian oil and gas player Brava Energia has returned to production mode two additional wells at an oil field off the coast of Brazil.

about 1 year ago
C40 Cities
Business & Finance

From shipbroking to maritime finance: E.A. Gibson Shipbrokers acquires RMK Maritime

E.A. Gibson Shipbrokers has joined forces with RMK Maritime (Europe) to expand its service offering. Effective from August 1, 2025, RMK Maritime will be rebranded as E.A. Gibson Capital.

about 1 year ago
Black Sea deepwater gas project to sport US-made subsea equipment
Business & Finance

Black Sea deepwater gas project to sport US-made subsea equipment

London-headquartered precision engineering group Hunting PLC has secured a $31 million subsea order for its titanium stress joints (TSJs) for the third phase of a deepwater gas development in the Turkish part of the Black Sea. Six TSJs, including the patented Direct Pull-thru Tube technology, will b

about 1 year ago
Van Oord orders two methanol-capable subsea rock installation vessels from China
Business & Finance

Van Oord orders two methanol-capable subsea rock installation vessels from China

Van Oord has placed an order with a Chinese shipyard for two next-generation subsea rock installation vessels that will be capable of operating on methanol. The vessels, to be constructed by Yantai CIMC Raffles Offshore in China, will be equipped with a loading capacity of 35,000 tons, will be capab

about 1 year ago
South Korean firm finishes construction of 'Asia's largest HVDC cable facility'
Business & Finance

Construction of ‘Asia’s largest HVDC cable facility’ wraps up

South Korean subsea cable manufacturer LS Cable & System has completed the construction of what it says is the largest high-voltage direct current (HVDC) cable production facility in Asia. LS Cable & System announced on July 16 that it had completed the construction of its fifth submarine cable plan

about 1 year ago
FPSO One Guyana; Source: SBM Offshore
Business & Finance

ExxonMobil’s loss is Chevron’s gain: High-stakes arbitration over Hess’ Guyana oil assets ends

ExxonMobil and its partner, China’s CNOOC, have not secured a victory in arbitration proceedings over U.S.-based Hess Corporation’s sale of interests in assets off the coast of Guyana. This clears the key merger hurdle in Chevron’s path, enabling it to bring Hess’ upstream portfolio into its fold.

about 1 year ago
Leonardo da Vinci continues installing cables at first UK-Germany energy link
Business & Finance

Leonardo da Vinci continues installing cables at first UK-Germany energy link

Prysmian’s Leonardo da Vinci, said to be the world’s largest cable laying vessel (CLV), has begun the second phase of cable laying in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany. Prysmian completed the

about 1 year ago
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