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Business & Finance

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Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?
Business & Finance

Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?

A new project has been launched in Wales to explore combining floating wind turbines, equipped with electrolyzers that produce green hydrogen, and wave energy devices to drive wave energy deployment off the coast of Pembrokeshire and lower its cost by sharing infrastructure. The Milford Haven: Hydro

about 1 year ago
2014-built vessel removes Gulf of America's oldest tension leg platform
Business & Finance
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2014-built vessel removes Gulf of America’s oldest tension leg platform

C-Innovation, an affiliate of Edison Chouest Offshore (ECO), has completed the decommissioning of what it says is the oldest tension leg platform (TLP) in the Gulf of America. The 2014-built multipurpose support vessel (MSV) Island Venture put its remotely operated vehicles (ROVs), cranes and back d

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

Closing fossil fuels chapter to focus on renewables: New timeline for Asian firm’s gas field sale

Coro Duyung, a subsidiary of Southeast Asia’s Coro Energy, has confirmed a change in the end date of its fossil fuels chapter related to the divestment of its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia, which will enable it to direct its attention to its renewa

about 1 year ago
COSL Prospector rig; Source: Canarship
Business & Finance

Equinor hits a dry patch in Barents Sea prospect

Norwegian state-owned oil and gas giant Equinor has found no commercial hydrocarbons in an exploration well in the Barents Sea, which was drilled with COSL Drilling Europe’s semi-submersible rig off the coast of Norway.

about 1 year ago
Multiple subsea robotics contracts with Petrobras bring $180 million to Oceaneering
Business & Finance

Multiple subsea robotics contracts with Petrobras bring $180 million to Oceaneering

U.S. subsea engineering and applied technology firm Oceaneering International has secured multiple subsea robotics contracts with Brazilian state-owned energy giant Petrobras that have an anticipated aggregate revenue of approximately $180 million. Following a competitive tender, Oceaneering’s Brazi

about 1 year ago
West Vela drillship; Source: Seadrill
Business & Finance

WoodMac deems recent US oil find as Gulf of America’s biggest discovery in eight years

In the aftermath of a recent black gold discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, Wood Mackenzie, an energy intelligence group, has provided its take on the significance of the new oil find, describing it as the region’s biggest discovery since 2017.

about 1 year ago
Illustration; Credit: Morten Berentsen/NOD
Business & Finance

Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production

As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the upcoming years.

about 1 year ago
DOF’s CSV to begin operating in Asia Pacific in January 2026
Business & Finance

DOF’s CSV to begin operating in Asia Pacific in January 2026

Norwegian vessel owner DOF Group has secured a long-term commitment in the Asia Pacific region (APAC) for a construction support vessel (CSV) designed for subsea construction, inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services up to 3,000 meters of depth. The contr

about 1 year ago
Green Volt Rovco
Business & Finance

OWC wins cable engineering contract for Scottish floating wind farm

The renewable energy consultancy OWC has been awarded a contract to provide cable engineering support to the Green Volt floating offshore wind farm in Scotland, developed by Flotation Energy and Vårgrønn. OWC’s scope of work includes cable engineering for both offshore and onshore cables. The subsea

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

Potential imbalance in oil demand and supply on the cards

With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,

about 1 year ago
Furetank making strides in transition to fossil fuel-free shipping
Business & Finance

Furetank making strides in transition to fossil fuel-free shipping

Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025.

about 1 year ago
The Switch
Business & Finance

Four EU countries and Egypt make up top five US LNG importers

Within the global gas story, many chapters are being written, including a U.S. wave of upcoming liquefied natural gas (LNG) developments, where the export boom continues to fuel new projects, as the European regasification build-out continues.

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

TGS to survey 10,000 km2 offshore Indonesia

Norwegian energy data and intelligence company TGS has secured an award of what it says is a large streamer contract offshore Indonesia, covering approximately 10,000 square kilometers. The survey is scheduled to commence in the fourth quarter of the year and will have an estimated total duration of

about 1 year ago
Illustration; Source: Australian Energy Producers
Business & Finance

Australian state’s decade of LNG exports pours $127 billion into economy

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has revealed a $127 billion boost to Queensland’s economy, thanks to the Australian state’s decade of liquefied natural gas (LNG) deliveries.

about 1 year ago