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Business & Finance

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Business Developments & ProjectsExploration & ProductionInnovationOutlook & StrategyProject & TendersTechnologyTransitionVesselsVisionInfrastructureOperations & MaintenanceCollaborationGreen MarineResearch & Development
Saipem 10000 drillship
Business & Finance

One well down, as Saipem drillship moves to another to unlock more gas at Eni’s field

Eni has completed the drilling of a well at a natural gas field in the Mediterranean off the coast of Egypt, using a drillship from the rig fleet of Saipem, a compatriot engineering, drilling, and construction services player.

about 1 year ago
Reach Subsea boosts order backlog thanks to contracts worth €31.2M
Business & Finance

Reach Subsea boosts order backlog thanks to €31.2M worth of contracts

Norway’s Reach Subsea has secured multiple new contracts and call-offs within the scope of existing frame agreements, all with an estimated value of NOK 370 million (around €31.2 million). The contracts are set to begin in the third and fourth quarters of 2025 in the North Sea and European regions.

about 1 year ago
Selene prospect was drilled with the Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Viaro Energy broadens its UK oil & gas horizons in North Sea with Deltic buy

London-based independent upstream player Viaro Energy is expanding its oil and gas portfolio in the UK sector of the North Sea through the acquisition of Deltic Energy, an AIM-listed natural resources investing company.

about 1 year ago
An offshore rig
Business & Finance

UK firm secures more funding for Cameroon drilling program

The AIM-listed oil and gas company Tower Resources has expanded its bridge loan with Gibraltar-registered private investment company Prime Resources.

about 1 year ago
South Korea’s first specialized HVDC installation vessel to be built in Türkiye
Business & Finance

South Korea’s first specialized HVDC installation vessel to be built by Turkish shipyard

South Korean subsea cable installation company LS Marine Solution has signed a contract with Türkiye’s Tersan Shipyard for the construction of its new, ultra-large cable laying vessel (CLV). To expand orders for large-scale HVDC and offshore wind projects, both domestic and in Europe and North Ameri

about 1 year ago
Louisiana LNG
Business & Finance

Job for $17.5 billion LNG project in Louisiana lands on US dredging giant’s table

Houston-based dredging services provider Great Lakes Dredge & Dock Corporation (GLDC) has won a dredging assignment on a liquefied natural gas (LNG) development in Calcasieu Parish, Louisiana, which is operated by Australia’s Woodside Energy.

about 1 year ago
LNG Canada
Business & Finance

Canada’s huge Shell-led export project achieves its first LNG cargo

With the first liquefied natural gas (LNG) cargo out of the way, LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, has tucked a new milestone under its belt at its giant LNG export terminal in Kitimat, Canada’s British Columbia.

about 1 year ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Business & Finance

Giant North Sea oil field’s $1.3 billion third chapter is a go

Equinor has taken a final investment decision (FID) for the third phase of an offshore project in the North Sea, which is considered the third-largest oil field on the Norwegian Continental Shelf (NCS).

about 1 year ago
High Island V jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig staying five more years with Aramco

Shelf Drilling (SHLF) has landed a multi-year assignment for one of its jack-up rigs in the Middle East, where it will continue its drilling work with Aramco.

about 1 year ago
Fugro performs 'industry-first' remote survey for offshore trunkline using an USV
Business & Finance

Fugro performs ‘industry-first’ remote survey for offshore trunkline using an USV

Fugro has made what it says is an industry-first for pipelay support services, performing a remote survey for a 433-kilometer trunkline offshore Western Australia using its Blue Essence uncrewed surface vessel (USV). Fugro conducted a series of survey campaigns said to have played a critical role in

about 1 year ago
Nexans' new cable layer traveling from Poland to Norway to complete construction
Business & Finance

Nexans’ new cable layer traveling from Poland to Norway to finalize construction

The partially outfitted hull of a new cable-laying vessel (CLV) being built for Nexans has started its journey from Poland to Norway, where it will be finalized. Based on an ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an upd

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

Two more multimillion-dollar vessel gigs land on DOF’s task list in Brazilian waters

DOF Group has won another set of long-term assignments off the coast of Brazil for one of its anchor handling tug supply (AHTS) vessels and a remotely operated vehicle (ROV) support vessel (RSV), with the country’s state-owned energy giant Petrobras.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

Restart of North Sea FPSO underway

With repairs out of the way, the UK-based upstream oil and gas player Serica Energy has revealed the progress made in resuming production from its assets in the North Sea, as wheels are in motion to bring a floating production, storage, and offloading (FPSO) vessel on the UK Continental Shelf (UKCS)

about 1 year ago
NH3 Clean Energy raises $710K to propel flagship ammonia project forward
Business & Finance

NH3 Clean Energy raises $710K to propel flagship ammonia project forward

Australia’s NH3 Clean Energy has raised $710,000 (before costs) to advance its flagship WAH2 ammonia project – a clean ammonia export and bunkering initiative.

about 1 year ago
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