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Business & Finance

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Business Developments & ProjectsCarbon Capture Usage & StorageProject & TendersExploration & ProductionCollaborationVessels
Northern Lights; Source: Northern Lights JV
Business & Finance

Aker Solutions turns to Norwegian firm for personnel on Northern Lights expansion project

Aker Solutions has hired Multiconsult Norge to supply qualified personnel on a hire-in basis to work as an integral part of its project team, representing the civil disciplines, for the second phase of Northern Lights, part of the Longship full-scale carbon capture and storage (CCS) project.

about 1 year ago
NKT's power cable factory in Karlskrona; Source: NKT
Business & Finance

NKT’s 200-meter-long power cable extrusion tower gets its name

NKT has disclosed the name of its third cable extrusion tower, which is being built at its high-voltage power cable factory in Karlskrona, Sweden.

about 1 year ago
Mahogany A platform (illustration); Source: Energy Chamber of Trinidad and Tobago
Business & Finance

SLB confirms OneSubsea and Subsea7’s Caribbean gig to breathe life into BP’s gas project

BP has hired Subsea Integration Alliance (SIA), a strategic alliance combining the strengths of SLB OneSubsea and Subsea7, to handle work related to bringing its natural gas subsea development project off the coast of Trinidad and Tobago to life.

about 1 year ago
India's first offshore decommissioning project has been brought to an end at the Tapti fields; Source: Shell
Business & Finance

Shell, Reliance, and ONGC cheer end of India’s first oil & gas offshore decom project

A joint venture, consisting of Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation (ONGC), has wrapped up work on what is said to be India’s first offshore facilities decommissioning project.

about 1 year ago
Valaris 247 jack-up rig; Source: Valaris
Business & Finance

Valaris parts ways with 27-year-old jack-up rig for $108 million

Bermuda-headquartered offshore drilling contractor Valaris is divesting a jack-up from its rig fleet to boost its financial flexibility.

about 1 year ago
Valaris DS-15, formerly Rowan Renaissance, drillship; Source: Valaris
Business & Finance

Valaris drillship going to West Africa for multimillion-dollar gig

Valaris has won a multi-well drilling assignment for one of its drillships in West Africa with an undisclosed oil and gas operator.

about 1 year ago
FPSO Agogo; Source: Yinson Production
Business & Finance

Yinson Production turns the financial flexibility key to unlock liquidity doors

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has made its first foray into a corporate-level standby letter of credit and guarantee facility to boost its liquidity.

about 1 year ago
Paul B Lloyd Jr. rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling reveals refinance plan for 35-year-old rig

Dolphin Drilling has tweaked the terms of the deal for its multimillion-dollar facility agreement with security, among other things, over the 1990-built semi-submersible rig it acquired from Transocean, providing for amortization relief of the installments payable for the three months from April to

about 1 year ago
Courtesy of Allseas
Business & Finance

Allseas enriches its fleet with newbuild next-gen vessel pair

Allseas has enlarged its fleet with two newbuild offshore construction vessels (OCVs) to position itself for long-term growth in a rapidly evolving market by strengthening its offshore capabilities.

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

More subsea work for DOF vessel duo in Brazilian waters

DOF Group has secured a new assignment for one of its subsea operation vessels and an extension of a deal, which allows one of its flexible, large subsea construction ships to undertake work off the coast of Brazil.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Business & Finance

LNG terminal electrification moving forward as contractor gets shore connection job

KN Energies (KN), former Klaipedos Nafta, has picked a contractor for engineering, procurement, and construction (EPC) works related to its LNG terminal electrification project on Lithuania’s Kiaulės Nugara Island.

about 1 year ago
CP2 LNG; Source: Venture Global
Business & Finance

$3 billion loan in the bag for Venture Global’s $28B US LNG export project in Louisiana

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a $3 billion bank loan facility with 19 banks to continue manufacturing, procurement, and engineering of a natural gas liquefaction and export facility for its proposed multibillion-do

about 1 year ago
Wallenius Wilhelmsen
Business & Finance

May momentum builds for Wallenius Wilhelmsen

The beginning of May has been busy for Norwegian shipping and logistics company Wallenius Wilhelmsen as it completed two major business transactions.

about 1 year ago
A floating production storage and offloading unit at sea
Business & Finance

With Brazilian oil project approved, BW Energy sets sights on doubling output by 2028

Oslo-listed oil and gas E&P player BW Energy has taken the final investment decision (FID) for a development in the Campos Basin field offshore Brazil. The project will encompass an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) un

about 1 year ago
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