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Business & Finance

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Illustration; Source: Novatek
Business & Finance

Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of tr

about 1 year ago
Oseberg field centre in the Norwegian North Sea; Credit: Trond Glaser/Equinor
Business & Finance

Equinor’s Norwegian activity across energy and decarbonization realms remaining ‘robust’ up to 2035

Equinor has set its cap on upping its activity ante in Norway within its operated fields, onshore facilities, and exploration and development projects alongside those for renewable and low-carbon solutions, creating further ripple effects like the multibillion-dollar worth of goods and services proc

about 1 year ago
Construction progress at Woodfibre LNG; Source: Woodfibre LNG
Business & Finance

‘World’s first net-zero LNG export facility’ shaping up in Canada as $5.1B project forges ahead

Woodfibre Management, a privately held Canadian company based in Vancouver, is moving forward with the construction works at its operated multimillion-dollar liquefied natural gas (LNG) export project located along the southwest coast of British Columbia, Canada.

about 1 year ago
WATCH: First of three Agalas subsea vessels launches in Türkiye
Business & Finance

WATCH: First of three Agalas subsea vessels launches in Türkiye

A new 100-meter-long cable laying support vessel (CLSV) being built at the Sefine Shipyard for Norwegian Agalas and Cecon Contracting has been launched in Türkiye. Agalas reported yesterday, April 3, that the first of its three subsea vessels had been launched in Türkiye, with a few intense months a

about 1 year ago
Sparta FPU; Source: Shell Offshore
Business & Finance

Shell gives Subsea7 work on its Gulf of America deepwater project

Subsea7 has tucked a new assignment under its belt with Shell for a floating production system (FPS) destined for a deepwater development in the Gulf of America, formerly known as the U.S. Gulf of Mexico.

about 1 year ago
VARD building 121-meter Taiwan-bound subsea construction vessel
Business & Finance

VARD building 121-meter Taiwan-bound subsea construction vessel

Norway’s VARD has signed a €113.5 million contract with Taiwan-based Dong Fang Offshore (DFO) to design and build an offshore subsea construction vessel that will be dedicated to performing work in the offshore wind and telecom sectors, with the contract also including options. The 121.3-meter-long

about 1 year ago
Noble Resillient jack-up rig; Source: Petrogas
Business & Finance

Noble rig reaches endpoint at North Sea drilling campaign crowned with ‘great discovery’

Petrogas E&P has crossed the finish line at its drilling program in the UK sector of the North Sea, which led to a gas discovery drilled by a 16-year-old jack-up rig owned by Noble Corporation, a U.S.-based offshore drilling giant.

about 1 year ago
Mabanaft and HIF Global shake hands on e-methanol purchase for shipping industry
Business & Finance

Mabanaft and HIF Global shake hands on e-methanol purchase for shipping industry

German energy company Mabanaft and e-fuels producer HIF Global have signed a heads of agreement (HoA) for the planned offtake of e-methanol for the shipping industry.

about 1 year ago
Crantz steps down as Argeo’s CEO, interim appointed
Business & Finance

Crantz steps down as Argeo’s CEO, interim appointed

Norwegian subsea services provider Argeo has appointed an interim chief executive officer (CEO) as the current CEO Trond F. Crantz has stepped down from the role. Argeo’s Board of Directors yesterday, April 3, appointed Jan P. Grimnes to serve as interim CEO of the company following the decision tha

about 1 year ago
CETO will be deployed at a site between SAITEC’s DemoSATHoffshore wind turbine (back left) and Tecnalia’s HarshLab (front right).
Business & Finance

Carnegie Clean Energy locks in €600K contract for CETO wave tech deployment in Spain

Australia’s wave energy developer Carnegie Clean Energy has secured a contract with the Biscay Marine Energy Platform (BiMEP) to install and test its CETO wave energy technology in Spain. The agreement, signed by Carnegie’s subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain, final

about 1 year ago
Offshore oil rigs in Southern California; Credit: Drew Bird Photography
Business & Finance

Trump administration hit with lawsuit over oil platform trio’s restart off California

A new legal battle is on the U.S. energy horizon as part of an attempt to challenge and foil the allegedly outdated plans for three aging oil platforms off the coast of California.

about 1 year ago
UK and Australia forge alliance to drive subsea growth in both hemispheres
Business & Finance

UK and Australia forge alliance to drive subsea growth in both hemispheres

UK’s trade and development body for the underwater industry Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA), a membership organization of companies in the Australian subsea industry, have signed a memorandum of understanding (MoU) to foster innovation, collaboration and gr

about 1 year ago
Gas terminal project; Source: Viva Energy
Business & Finance

Australian firm seeks FSRU for proposed LNG terminal

Viva Energy has engaged the services of Poten & Partners to secure a floating storage and regasification unit (FSRU) for its proposed LNG terminal in Geelong, Australia.

about 1 year ago
NYK bolsters LPG carrier business with new subsidiary up and running
Business & Finance

NYK bolsters LPG carrier business with new subsidiary up and running

NYK Energy Ocean (NEO), a newly established subsidiary of Japanese shipping company NYK focused on operating LPG carriers, chemical and product tankers, and cargo ships, has officially commenced operations.

about 1 year ago
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