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Business & Finance

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Business Developments & ProjectsExploration & ProductionAuthorities & GovernmentEnvironmentRegulation & PolicyRules & RegulationTransitionVesselsGreen MarineInfrastructureMarket OutlooksOutlook & StrategyPorts & LogisticsEquipmentProject & TendersVision
FPSO One Guyana; Source: SBM Offshore
Business & Finance

SBM Offshore FPSO closing in on first oil with mooring off Guyana out of the way (Gallery)

SBM Offshore has crossed off the task list the mooring of its new floating production, storage, and offloading (FPSO) vessel, which will enable the start of production from ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.

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

US wards off Gulf of America’s oil & gas shutdown while new bill awaits Senate’s endorsement

A new biological opinion for the Gulf of America, formerly the U.S. Gulf of Mexico, has forestalled the risk of ending new and existing oil and natural gas operations, staving off the danger to American energy security, based on the industry’s reaction.

about 1 year ago
Nakilat cheers steel cutting of 17 new LNG carriers at Hyundai Heavy Industries' shipyard; Courtesy of Nakilat
Business & Finance

Korean shipyard begins piecing together 17 LNG ships for QatarEnergy’s fleet expansion quest

Nakilat has revealed a steel-cutting ceremony for 17 new liquefied natural gas (LNG) carriers, which was hosted at Hyundai Heavy Industries (HHI) shipyard in South Korea.

about 1 year ago
‘World’s first’ capital partner for shore power launched in Norway
Business & Finance

‘World’s first’ capital partner for shore power launched in Norway

Backed by a European investment fund with over €300 million earmarked for green port investments, a new company acting as the “world’s first” capital partner for shore power, Seacap, has been launched.

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

Go-ahead for Aker BP’s North Sea drilling ops with Odfjell rig

Norwegian oil and gas player Aker BP has secured the all-clear from the country’s authorities to use one of Odfjell Drilling’s semi-submersible rigs for drilling operations in the North Sea off the coast of Norway.

about 1 year ago
MOL Azure LNG carrier (for illustration purposes); Source: Mitsui O.S.K Lines (MOL)
Business & Finance

Geopolitical whims send MOL on ‘prudent’ shipyard selection quest for new LNG carrier orders

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has set its sights on a careful evaluation of the use of Chinese and South Korean shipyards that meet its criteria while taking into consideration the changes in U.S. policy trends and geopolitical risks to meet the demand for liquefied natural gas (L

about 1 year ago
HD Hyundai Mipo
Business & Finance

Mystery European shipowner orders LNG bunker vessel duo at HD Hyundai Mipo

HD Hyundai Mipo, a subsidiary of South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE), has received a new order worth KRW 270.6 billion (nearly $197 million) to construct two LNG bunker vessels.

about 1 year ago
FPSO Northern Endeavour; Source: Australian Government Department of Industry, Science, Energy and Resources
Business & Finance

Australian FPSO cutting its ties to two oilfields after 26 years

As it continues to tick off items from its decommissioning list, a floating production, storage, and offloading (FPSO) vessel in the Timor Sea is severing its bonds with two oilfields off the coast of Australia, with a new milestone in its progress enabling it to remove the possibility of oil leakag

about 1 year ago
Greece’s largest electricity transmission project starts operating
Business & Finance

Greece’s largest electricity transmission project starts operating

The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has officially begun operating, with Crete now fully integrated into the national electricity system. With a budget of over €1.1 billion, the cable link connects the Attica region on the Greek mainla

about 1 year ago
Kristin platform; Credit: Marit Hommedal/Equinor
Business & Finance

Harbour Energy flows first oil from subsea tie-back in Norwegian waters

Harbour Energy has brought online a subsea tie-back to its existing infrastructure off the coast of Norway, as part of a major revitalization of an oil field in the Norwegian Sea.

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

Equinor gets go-ahead for drilling ops with COSL rig

Equinor has secured a drilling permit for an exploration well in the Norwegian sector of the North Sea, which will be drilled with a semi-submersible rig owned by COSL Drilling Europe.

about 1 year ago
Jan De Nul
Business & Finance

Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project

Jan De Nul has completed the installation of a portion of cables for what is described as the first-of-its-kind HVDC submarine cable project in the Middle East and North Africa (MENA) region, set to connect ADNOC’s offshore operations to TAQA’s clean onshore power network. Abu Dhabi National Oil Com

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

Odfjell Drilling rig gearing up to spud North Sea wildcat duo

Equinor has received a drilling permit for two exploration wells in the North Sea off the coast of Norway, which will be drilled with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

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

First steel cut for SBM Offshore’s FPSO destined for TotalEnergies’ oil project off Suriname

With a ceremony to mark the first steel cut, SBM Offshore has ticked an important item off its construction list for a floating production, storage, and offloading (FPSO) vessel, which will be deployed off the coast of Suriname.

about 1 year ago
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