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Business & Finance

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Testing entailed the bidirectional transfer of LNG from the Avenir Aspiration small LNG carrier to the FSRU Toscana, and vice versa; Source: OLT Offshore LNG Toscana
Business & Finance

Italy’s terminal embraces maritime decarbonization with small scale LNG offering

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has revealed the country’s first foray into a small scale liquefied natural gas (LNG) (SSLNG) service, achieved through a bidirectional LNG transfer at its floating stora

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business & Finance

North Sea wildcat coming up on Odfjell Drilling rig’s agenda in September

Equinor has secured a drilling permit for an exploration well in the North Sea off Norway’s coast, which will be drilled using a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
Vallourec lands 'large' Qatar deal weeks after acquiring Brazillian pipe coating firm
Business & Finance

Vallourec lands ‘large’ Qatar deal weeks after acquiring Brazillian pipe coating firm

French provider of tubular solutions Vallourec has secured a contract defined as large for the supply of oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. According to the company, the agreement includes the supply of carbon steel

about 1 year ago
founder and CEO of WaveX, Simon Renwick
Business & Finance

WaveX looks to close seed round and unlock govt grant for wave energy system

Australian wave energy developer WaveX is approaching completion of its current seed raise, securing 82% of its targeted funding round ahead of the June 30, 2025 deadline. The Perth-based company has partnered with LIQUIDITY as lead manager to finalize the seed raise. The final push is said to get W

about 1 year ago
Equinor contracts compatriots for 4D survey over field operational since 2009
Business & Finance

Equinor contracts compatriots for 4D survey over field operational since 2009

Norway’s state-owned energy company Equinor has contracted compatriot marine geoscience and technology company Shearwater GeoServices to perform a 4D survey over its Tyrihans field in the Norwegian Sea. Located 25 kilometers southeast of the Åsgard field in water depth of 270 meters, Tyrihans was di

about 1 year ago
DOF vessel goes to the Atlantic post-upgrades
Business & Finance

DOF vessel goes to the Atlantic post-upgrades

After having undergone upgrades to boost its survey capabilities, DOF Group’s vessel, designed for subsea construction, inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services up to 3,000 meters of depth, has been awarded multiple contracts. The multiple contracts will

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK’s new guidance sheds light on North Sea oil & gas game as application window opens

In the wake of a Supreme Court ruling, marking the first inclusion in Britain’s history of greenhouse gas (GHG) emissions from the combustion of oil and gas in environmental impact assessments (EIAs) for hydrocarbon extraction projects, the United Kingdom (UK) set out to create a new environmental g

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

UK oil & gas player ups its stake in two Angolan offshore blocks

Afentra, a UK-headquartered and AIM-listed upstream oil and gas company, has sealed a deal to acquire half of the stake one of its joint venture (JV) partners holds in two blocks off the coast of Angola.

about 1 year ago
Equinox Ocean Turbines secures funding for ocean current tech project
Business & Finance

Equinox Ocean Turbines secures funding for ocean current tech project

Dutch company developing innovative ocean energy technology, Equinox Ocean Turbines, has received funding from Samenwerkingsverband Noord-Nederland (SNN) Valorisatie and the European Regional Development Fund (EFRO) to support the development of its ocean current technology. The project is being car

about 1 year ago
Rendering of an LNG terminal at night
Business & Finance

$11 billion US LNG project in Louisiana bags final FERC approval ahead of FID

Kimmeridge has confirmed the receipt of a final order from the Federal Energy Regulatory Commission (FERC), upholding authorization for a liquefied natural gas (LNG) export terminal currently under development on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico/America

about 1 year ago
SeaBird Exploration name retires as merger with Singapore's Energy Drilling wraps up
Business & Finance

SeaBird Exploration name retires as merger with Singapore’s Energy Drilling wraps up

Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration has changed its name to SED Energy Holdings, as well as its Oslo Stock Exchange ticker code, following the merger with Singapore’s tender-assisted drilling provider Energy Drilling. The new company name has been re

about 1 year ago
First steel cut ceremony for FPSO GranMorgu; Source: Boudewijn Ledderhof/SBM Offshore
Business & Finance

SBM Offshore signs on the dotted line to become first FPSO operator in Suriname

SBM Offshore has inked an operations and maintenance (O&M) contract with TotalEnergies for a floating production, storage, and offloading (FPSO) vessel destined to work off the coast of Suriname.

about 1 year ago
Expro to deliver well testing for UK’s first offshore CO2 storage project
Business & Finance

Expro to deliver well testing for UK’s first offshore CO2 storage project

Energy services provider Expro has been appointed to deliver integrated well testing services for the UK’s first offshore carbon capture and storage (CCS) project, being developed by a joint venture of BP, Equinor and TotalEnergies. Being developed around 75 kilometers east of Flamborough Head, the

about 1 year ago
Deepsea Yantai; Source: Odfjell Drilling
Business & Finance

Potential development of oil discovery on the cards as appraisal ops in Norwegian waters end

ConocoPhillips has confirmed a previously made oil discovery in the Norwegian Sea, with the drilling of its second appraisal well.

about 1 year ago
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