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Business & Finance

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FPSO Penguins; Source: Shell
Business & Finance

Shell and Equinor take ‘key step’ to set up their UK North Sea JV with CEO appointment

As Adura, an incorporated joint venture (IJV) of the UK’s Shell and Norway’s Equinor, continues making progress in securing regulatory approvals, the two energy heavyweights have unveiled the name of the JV’s chosen Chief Executive Officer (CEO).

about 1 year ago
Marco Polo Marine unveils next-gen CSOV for offshore wind, oil & gas subsea operations
Business & Finance

Marco Polo Marine unveils next-gen CSOV for offshore wind, oil & gas subsea operations

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Marco Polo Marine has contracted Norway’s Salt Ship Design to develop what the Singapore-based company says is a next-generation commissioning service operations vessel (CSOV), dubbed CSOV Plus, set to serve offshore wind and oil & gas markets. The new vessel is expected to enter service in 2028. Th

about 1 year ago
New Nordic deal paves the way for Finland to store CO2 offshore Norway
Business & Finance

New Nordic deal paves the way for Finland to store CO2 offshore Norway

Finland and Norway have signed a Memorandum of Understanding (MoU) that enables the transport of CO2 from Finland, whose soil is unsuitable for permanent CO2 storage, to Norway for geological storage under the seabed. The MoU was signed on September 4 by the Finnish Minister of Climate and the Envir

about 1 year ago
Shell
Business & Finance

Shell and African country push back after court halts offshore drilling plans

In the aftermath of the Western Cape High Court’s decision to scrap environmental authorization for oil and gas offshore drilling activities, which two energy giants, France’s TotalEnergies and the UK-based Shell, planned to undertake in Block 5/6/7, along South Africa’s southwest coast, Shell and t

about 1 year ago
Visualization of Amprion's BalWin alpha platform designed by Tractebel Overdick
Business & Finance

RWE, Apollo Global Management forming joint venture to invest €3.2 billion in German TSO

RWE and the global asset manager and infrastructure investor, Apollo Global Management, have signed an agreement under which Apollo will pay €3.2 billion to RWE in exchange for an equity stake in a to-be-established joint venture (JV), which will hold RWE’s existing 25.1% stake in the German transmi

about 1 year ago
Illustration; Source: Coastal Bend LNG
Business & Finance

New chief commercial officer comes aboard multi-train LNG project in Texas

Coastal Bend LNG, a privately held energy infrastructure development company, is getting a new Chief Commercial Officer (CCO) at its planned liquefied natural gas (LNG) project along the Texas Gulf Coast.

about 1 year ago
Preferred major works contractor appointed for Australian interconnector
Business & Finance

Preferred major works contractor appointed for Australian interconnector

After issuing notices to proceed to Prysmian and Hitachi Energy for cable and converter technology, Marinus Link Pty Ltd (MLPL) has named the preferred contractor for major civil and construction works for the namesake interconnector in Australia. A joint venture of DT Infrastructure and Samsung C&T

about 1 year ago
Courtesy of OneSubsea
Business & Finance

OneSubsea’s ‘cutting-edge’ tool enables Shell’s field to step up on the gas

OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has revealed that its subsea compressor system, which recently came online at a Shell-operated natural gas field in the Norwegian Sea, will allow the operator to unlock new gas supplies for Europe.

about 1 year ago
Stena's jettyless floating terminal (JFT); Courtesy of Stena
Business & Finance

Stena Bulk pairs up with Scana in jettyless LNG infrastructure push

Swedish tanker shipping company Stena Bulk and the Norway-based Seasystems, a Scana-owned mooring solutions business for floating structures, have joined forces to promote the deployment of jettyless liquefied natural gas (LNG) infrastructure solutions.

about 1 year ago
FSO Palanca; Source: Stapem Offshore
Business & Finance

UK firm makes a play for Angolan block with multiple oil & gas discoveries and prospects

UK-headquartered and AIM-listed upstream oil and gas company Afentra has taken steps to secure its first offshore operatorship by expanding its portfolio with another block adjacent to its existing assets off the coast of Angola.

about 1 year ago
Courtesy of Astro Offshore
Business & Finance

Two new additions expand UAE player’s fleet to 44 vessels

Dubai-based offshore vessel operator Astro Offshore, an Adani Group Company, has enlarged its fleet with two platform supply vessels (PSVs), bolstering the UAE-headquartered firm’s fleet versatility.

about 1 year ago
PSV Skandi Flora; Source: DOF
Business & Finance

DOF vessel duo staying with Equinor for one more year

DOF Group has secured a contract extension for two platform supply vessels (PSVs) with Norway’s state-owned energy giant Equinor.

about 1 year ago
Eimskip
Business & Finance

Ernst Russ-Eimskip JV orders dual-fuel containership pair

ElbFeeder, a joint venture (JV) of the Icelandic transportation company Eimskip and German shipowner Ernst Russ, has ordered two next-generation dual-fuel 2,280 TEU container vessels in China.

about 1 year ago
Vestmannasund, Faroe Islands. Source: Minesto
Business & Finance

Minesto and partners move forward with Faroe Islands tidal energy project

Swedish tidal energy developer Minesto has kicked off work on a SEK 25 million (€2,2 million) microgrid project in the Faroe Islands, awarded by the Swedish Energy Agency. The company, together with partners Sev, Capture Energy, and IVL, has completed a 1.5-day planning and project set-up workshop a

about 1 year ago