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Business & Finance

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Brage platform; Source: OKEA
Business & Finance

Hit and miss in North Sea: Drilling ops yield new oil find

Norwegian oil and gas player OKEA has made a new oil discovery in an exploration well in the North Sea off the coast of Norway. However, the drilling activity at another well left the firm empty-handed, as no hydrocarbons were found.

about 1 year ago
Eni
Business & Finance

UK player’s affiliates find work on Eni’s CCS project destined to serve HyNet

With over 200 companies in its arsenal, RSK Group, a UK-headquartered environmental and engineering solutions provider, has disclosed assignments for eight of its business arms at a carbon capture and storage (CCS) project, which is being brought to life by Italy’s Eni, to contribute to the delivery

about 1 year ago
Two years after iEPCI contract win, TechnipFMC done with work at Shell’s deepwater oil project
Business & Finance

Two years after iEPCI contract win, TechnipFMC done with work at Shell’s deepwater oil project

TechnipFMC has completed its integrated engineering, procurement, construction, and installation (iEPCI) scope at Shell’s Dover deepwater project in the Gulf of America, formerly known as the U.S. Gulf of Mexico, some two years after receiving the contract. Under the contract secured in May 2023, at

about 1 year ago
FPSO Svetah Venetia; Source: Tamil Nadu and Puducherry Naval Area, Indian Navy
Business & Finance

14-year production hiatus ends as oil flows into 1998-built FPSO

Following the implementation of a multi-phase revised field development plan (FDP), a 27-year-old floating production, storage, and offloading (FPSO) vessel has enabled the restart of hydrocarbon production at an oil project off the coast of India, which was offline since July 2011.

about 1 year ago
VARD picks Brunvoll thrusters for Taiwan-bound subsea construction vessel
Business & Finance

VARD picks Brunvoll thrusters for Taiwan-bound subsea construction vessel

Norway’s VARD has selected Brunvoll’s extensive propulsion and manoeuvring system for a new offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-meter-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equi

about 1 year ago
Uniper and thyssenkrupp Uhde unite to scale ammonia cracking technology
Business & Finance

Uniper and thyssenkrupp Uhde unite to scale ammonia cracking technology

Uniper and thyssenkrupp Uhde have entered a strategic partnership to advance ammonia cracking technology to industrial maturity.

about 1 year ago
Transocean Equinox rig; Source: Transocean
Business & Finance

ConocoPhillips ticks seabed surveys off its list ahead of Australian drilling ops

ConocoPhillips has wrapped up seabed surveys over potential drilling locations to support its gas exploration activities in the Otway Basin off the coast of Australia.

about 1 year ago
Shearwater GeoServices orders two deepwater XL ROVs from compatriot firm
Business & Finance

Shearwater GeoServices orders two deepwater XL ROVs from compatriot firm

Norway-headquartered marine geoscience and technology company Shearwater GeoServices has placed an order with compatriot Argus Remote Systems for the delivery of two XL work-class remotely operated vehicles (WROVs) for deepwater operations. Under the contract, Argus Remote Systems will deliver two A

about 1 year ago
ESL Shipping
Business & Finance

ESL Shipping secures new €70M loan to finance next-gen green ships

Finland-based shipowner ESL Shipping has signed a €70 million loan agreement with Swedish finance provider Svenska Skeppshypotek to partially finance a series of four methanol-fueled 17,000 dwt Handysize vessels.

about 1 year ago
Woodfibre LNG
Business & Finance

First ‘large-scale’ pieces for Canada’s $5.1B LNG terminal puzzle reach their destination (Gallery)

With the arrival of the first batch of modules, Woodfibre Management has revealed an important step forward in the construction of its operated $5.1 billion liquefied natural gas (LNG) export project, under development in British Columbia, Canada.

about 1 year ago
Singapore, Malaysia eye importing offshore wind power from Vietnam
Business & Finance

Singapore, Malaysia eye importing offshore wind power from Vietnam

Energy companies from Singapore, Malaysia, and Vietnam have signed a joint development agreement to explore cross-border renewable energy links, focusing on exporting offshore wind power from Vietnam. Through this agreement, Malaysia, as represented by MY Energy Consortium, a consortium established

about 1 year ago
Wood secures work on UAE’s first large-scale methanol production plant
Business & Finance

Wood secures work on UAE’s first large-scale methanol production plant

UK engineering and consulting company Wood has received a contract from the UAE’s chemicals and transition fuels hub TA’ZIZ to provide project management consultancy (PMC) for the development of “one of the largest methanol plants in the world”.

about 1 year ago
Leadership change at Scana as new CEO takes over
Business & Finance

Leadership change at Scana as new CEO takes over

Norway-headquartered offshore energy technology and services provider Scana is undergoing a leadership change with the appointment of a new chief executive officer (CEO). Following Pål Selvik’s decision to step down from the position, Scana has appointed Baste Tveito, previously its chief operating

about 1 year ago
FSRU Excelsior; Source: Deutsche Energy Terminal (DET)
Business & Finance

Boost for Germany’s energy security comes with third LNG terminal up and running

Deutsche Energy Terminal (DET) has given a leg-up to Germany’s energy security with the start-up of a second LNG terminal in Wilhelmshaven, which represents the country’s third LNG import terminal.

about 1 year ago
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