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Business & Finance

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Business Developments & ProjectsExploration & ProductionCarbon Capture Usage & StorageEnvironmentInfrastructureOutlook & StrategyProject & TendersSafetyCollaborationInnovationPorts & LogisticsTransitionVesselsVisionAuthorities & GovernmentRegulation & Policy
Argos; Source: BP
Business & Finance

BP and Chevron’s drilling ops yield black gold in Gulf of America

Two oil majors, BP and its partner, Chevron, have found more oil in the Gulf of America, formerly the U.S. Gulf of Mexico.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

TotalEnergies follows in Aramco’s footsteps with 20-year US LNG offtake deal secured

TotalEnergies has exercised its purchase option and inked a multi-year LNG sale and purchase agreement (SPA) with NextDecade, enabling sufficient commercial agreements in place to back a positive final investment decision (FID) on the fourth train at an LNG export project in Texas, United States.

about 1 year ago
Auctioneer selected for cross-border transmission capacity of first UK-Germany energy link
Business & Finance

Prysmian hires NextGeo for bomb hunt at first UK-Germany energy link

Italian cabling giant Prysmian Group has awarded compatriot Next Geosolutions (NextGeo) with a contract for potential unexploded ordnance (pUXO) identification and clearance along the route of NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link betwe

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

Eni and YPF pooling resources to speed up LNG project amid global gas rush

Eni has made a move to join forces with Argentina’s oil and gas firm YPF to work on jointly evaluating a phase of a proposed liquefied natural gas (LNG) project in the Sierra Grande Norte, on the South American country’s Atlantic coast.

about 1 year ago
French floating solar company HelioRec has signed a memorandum of understanding (MoU) with Shoreham Port to develop a floating solar power project in the UK.
Business & Finance

HelioRec partners with Shoreham Port for UK floating solar project

French floating solar company HelioRec has signed a memorandum of understanding (MoU) with Shoreham Port to develop a floating solar power project in the UK. According to HelioRec, the move supports the port’s decarbonization efforts and aligns with HelioRec’s model of turning unused water space in

about 1 year ago
Navantia UK starts making subsea structures for Shell's gas field earlier than planned
Business & Finance

Earlier than planned: Navantia UK starts making subsea structures for Shell’s gas field

Navantia UK has cut the first steel at its recently-purchased Arnish facility for subsea structures destined for Shell’s project offshore Trinidad and Tobago, earlier than planned. It was reported in February that Navantia UK had won a contract with McDermott Trinidad Ltd. for the delivery of subsea

about 1 year ago
FPSO Cidade de Vitória; Source: BW Energy
Business & Finance

Oil uplift coming up next on Brazilian field’s horizon

BW Energy has taken a final investment decision (FID) for a project that aims to up the oil production ante at its field in the Espírito Santo Basin off the coast of Brazil.

about 1 year ago
FPSO Anasuria; Source: EnerMech
Business & Finance

North Sea FPSO job goes to EnerMech

EnerMech has landed a new assignment for a floating production, storage, and offloading (FPSO) vessel operating in the North Sea on the UK Continental Shelf (UKCS).

about 1 year ago
Sea1 Offshore's fleet renewal in focus with sale of 21-year-old subsea construction vessel
Business & Finance

Sea1 selling 11-year-old subsea construction vessel as part of fleet renewal

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, is selling its 11-year-old offshore subsea construction vessel (OSCV) as part of its fleet renewal program. Sea1 Offshore has signed an agreement to sell the 2014-built OSCV Sea1 Spearfish, currently on contract with PXGEO, to

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

Boost in Gulf of America’s oil & gas ‘treasure trove’ underpins US energy dominance dreams

The U.S. Bureau of Ocean Energy Management (BOEM) has unveiled a significant spike in the oil and gas arsenal of reserves in the Gulf of America, formerly the U.S. Gulf of Mexico, which is said to reinforce the nation’s offshore energy dominance aspirations.

about 1 year ago
FPSO Energean Power; Source: Energean
Business & Finance

Energean’s brand-new gas deal bringing revenues of more than $2 billion

Energean has penned a multi-year gas sale and purchase agreement (GSPA) with Kesem Energy to supply natural gas to the latter’s new power plant under construction in Israel’s Rosh Ha’ayin within the Southern Levant region of the Middle East.

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

China richer for another offshore project start-up featuring ‘green’ oil & gas development

CNOOC has kicked off production from an oilfield development project off the coast of China, which comes with new bells and whistles, spotlighting more sustainable energy solutions.

about 1 year ago
The spar, the cylinder-shaped hull of the platform, was towed nearly 70 miles and submerged at one of Louisiana’s existing reef sites; Source: Chevron
Business & Finance

Genesis in action: Oil platform comes back to life as artificial reef

A new lease on life has been bestowed upon an offshore platform that brought over 120 million barrels of oil to the energy market during its lifetime.

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

Yinson Production’s carbon capture-endowed FPSO weeks away from reaching its destination

Yinson Production is roughly a month away from welcoming its floating production, storage, and offloading (FPSO) vessel to Angolan waters.

about 1 year ago
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