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Business & Finance

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Business Developments & ProjectsProject & TendersVesselsAuthorities & GovernmentExploration & ProductionRegulation & PolicyCollaborationTransitionOutlook & StrategyVisionCarbon Capture Usage & StorageEquipmentOperations & MaintenanceTechnologyResearch & Development
FPSOs P-84 (Atapu) and P-85 (Sépia) will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day; Source: Petrobras
Business & Finance

Seatrium picks Swiss player for work on Petrobras’ Brazil-bound FPSO pair

ABB has received a large order from Singapore’s Seatrium to supply electrical equipment and automation solutions for a new generation of floating production storage and offloading (FPSO) vessels, destined to work for Brazil’s state-owned energy giant Petrobras.

about 1 year ago
Pharos assets in Vietnam; Source: Pharos Energy
Business & Finance

Farm-out talks and rig search ongoing: Exploration timeframe for Asian duo gets prolonged

Pharos Energy has confirmed a license extension for two blocks in the moderate to deepwater Phu Khanh Basin, northeast of the Cuu Long Basin, off the coast of Vietnam.

about 1 year ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

New offshore drilling gig on the menu for ADES’ 2019-built rig

The AIM-listed oil and gas company Tower Resources has sent a letter of award to Advanced Energy Systems (ADES), part of Saudi Arabia-headquartered ADES Holding, for a rig contract in Cameroon, Central Africa.

about 1 year ago
Rendering of Argentina LNG project; Source: YPF
Business & Finance

$50 billion LNG project gains momentum as Eni and YPF strike a deal

Given the expectations surrounding the role of gas in the future energy mix, Eni and YPF have come up with a roadmap to pave the way for a final investment decision (FID) to be taken for a phase of a proposed liquefied natural gas (LNG) project in the Sierra Grande Norte.

about 1 year ago
Princess Elisabeth Energy Island visualization; Source: Elia
Business & Finance

Cost hike prompts alternative concept search for second UK-Belgium interconnector

Given the recent increases in the cost of high-voltage direct current (HVDC) infrastructure, a new approach will be devised to construct the next phase of an energy island envisioned to be built some 45 kilometers off the Belgian coast, including the development of a second interconnector between Be

about 1 year ago
Marubeni
Business & Finance

Envision Energy and Marubeni enter green ammonia offtake agreement

Chinese corporation Envision Energy and Japanese conglomerate Marubeni have entered a green ammonia offtake agreement to fast-track the global transition to low-carbon energy solutions.

about 1 year ago
Noble's Noble GreatWhite, former Ocean GreatWhite rig; Source: Green Yard Feda
Business & Finance

Noble rig secures spot at Norwegian yard after UK drilling gig

Noble Corporation has booked a yard stay at Green Yard Feda, located close by Flekkefjord in southern Norway, for a semi-submersible, said to be one of the world’s largest and most advanced harsh-environment drilling rigs.

about 1 year ago
Noble Viking drillship; Source: Noble Corporation
Business & Finance

TotalEnergies books Noble drillship for work in Oceania

TotalEnergies has picked a drillship owned by Noble Corporation, a U.S.-based offshore drilling player, for a drilling campaign off the coast of Papua New Guinea in the southwestern Pacific.

about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business & Finance

UK firm lands work on Britain’s huge gas and hydrogen energy storage project

EnergyPathways has picked the UK’s Zenith Energy as a contractor for its proposed large-scale offshore wind-powered energy storage project in the East Irish Sea, which is scheduled to cross off a final investment decision (FID) from its list later this year.

about 1 year ago
Haiji-2 (for illustration purposes); Source: CNOOC
Business & Finance

Chinese giant augments hydrocarbon production as oilfield project goes live

China National Offshore Oil Corporation (CNOOC) has flipped the production switch to bring online an oilfield development project in the South China Sea.

about 1 year ago
Navigator Bird, Geospace Technologies product. Source: Geospace Technologies
Business & Finance

Seis GEaR acquires streamer recovery device line from Geospace

The U.S.-based Seis GEaR has reached a deal to acquire the Streamer Recovery Device (SRD) line from Geospace Technologies, with the transaction set to close on June 30, 2025. The acquisition includes Geospace’s full SRD portfolio: SRD-500S, SRD-500DW, HSRD, Inline Streamer Recovery Device, Navigator

about 1 year ago
Celsius Galapagos LNG carrier; Source: Basalt
Business & Finance

Fourth vessel joins UK-Denmark duo’s LNG fleet with more in the pipeline

Basalt Infrastructure Partners has taken delivery of its newest liquefied natural gas (LNG) carrier, which expands one of its existing LNG portfolios and its overall vessel fleet, managed by Denmark’s Celsius Shipping.

about 1 year ago
Atlantic LNG
Business & Finance

Aphrodite spurs gas boost: Shell taps Subsea7 to breathe life into its new project

Subsea7 has won a new multimillion-dollar assignment with Shell for a recently green-lighted gas project off the coast of Trinidad and Tobago.

about 1 year ago
Tidal Energy array image from Tidal Technologies Limited.
Business & Finance

Suppliers wanted: TTL opens tender for next-gen tidal energy platform

The UK-based tidal stream energy developer Tidal Technologies Limited (TTL) has launched a procurement process for its first full-scale tidal energy prototype, TT2, marking a step forward in the deployment of UK-developed tidal stream technology. The company is seeking suppliers for the equipment su

about 1 year ago
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