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Business & Finance

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Business Developments & ProjectsEquipmentOutlook & StrategyProject & TendersVesselsAuthorities & GovernmentCarbon Capture Usage & StorageCollaborationEnvironmentInfrastructureMarket OutlooksPorts & LogisticsRegulation & PolicyStorageTransitionVisionRules & RegulationSafetyInnovationOperations & MaintenanceExploration & Production
Spanish subsea services provider enhances two vessels with upgrades
Business & Finance

Two upgraded Spanish vessels back at work

Spanish maritime survey and ROV services operator ACSM has put its 25-year-old offshore support vessel (OSV) Nautilus back to service after a couple of months of upgrade work. The 73-meter-long vessel completed its upgrading phase at the shipyard Viana do Castelo in Spain, after which it spent a few

about 1 year ago
With phase 1 fully booked, Northern Lights partners take €662M FID for second phase
Business & Finance

With phase 1 fully booked, Northern Lights partners take €662M FID for project expansion

Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the namesake CO2 transport and storage development. This will increase the project’s transport and storage capacity from 1.5 million to over 5 million ton

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

Perenco to acquire Woodside’s Trinidadian assets for $206 million

Australia’s energy giant Woodside Energy has signed an agreement with Anglo-French oil and gas player Perenco to divest its assets in Trinidad and Tobago.

about 1 year ago
A floating storage and regasification unit
Business & Finance

US LNG major buying compatriot’s Jamaican assets for $1.05B in pursuit of downstream growth

U.S. energy infrastructure player New Fortress Energy (NFE) has entered into a definitive agreement for the sale of its assets and operations in Jamaica to compatriot liquefied natural gas (LNG) player Excelerate Energy.

about 1 year ago
UK-made buoyancy modules make their way to Eastern Mediterranean natural gas project
Business & Finance

UK-made buoyancy modules make their way to Eastern Mediterranean natural gas project

UK-headquartered CRP Subsea, part of AIS, has been appointed to deliver distributed buoyancy modules (DBMs) for a natural gas development off the Eastern Mediterranean coast. The DBMs will be deployed on dynamic umbilical and mono-ethylene glycol (MEG) risers, which connect to a floating production,

about 1 year ago
16 applicants pursuing Denmark's $4.1 billion carbon capture and storage fund
Business & Finance

16 applicants pursuing Denmark’s $4.1 billion carbon capture and storage fund

The Danish Energy Agency has received applications from 16 companies in the call for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion (around $4.1 billion) available to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, tr

about 1 year ago
Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal
Business & Finance

Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal

Italian cabling company Prysmian Group and Dutch integrated subsea solutions service provider N-Sea Group have signed a seven-year framework agreement for rapid response maintenance and repair of submarine cables. The collaboration targets enhanced energy security, bolstering the resilience of subma

about 1 year ago
Abaxx; LNG carrier
Business & Finance

LNG cargo export indexed to Singaporean firm’s futures for the ‘first time’

A liquefied natural gas (LNG) cargo has been indexed to the LNG futures of Abaxx Commodity Exchange and Clearinghouse, owned by Abaxx Singapore, whose majority shareholder is financial software and market infrastructure company Abaxx Technologies, in what the firm says is the first over-the-counter

about 1 year ago
Petrobras and NOV looking to develop CO2-resistant flexible pipes for deep water
Business & Finance

Petrobras and NOV looking to develop CO2-resistant flexible pipes for deep water

American oilfield services company NOV and Brazilian state-owned energy firm Petrobras have signed a pre-commercial agreement for the development of flexible pipes designed for high CO2 deepwater applications. The collaboration, formalized with the signature of an agreement in February, focuses on c

about 1 year ago
Van Oord awards Ecowende cable termination and testing contract
Business & Finance

Van Oord awards Ecowende cable termination and testing contract

SPIE Wind Connect, part of SPIE, has been awarded a contract by Van Oord for the termination and testing of inter-array cables on the offshore wind farm that Ecowende will build at Hollandse Kust (west) lot VI in the Netherlands. The project scope involves the termination and testing of 52 66 kV int

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

BW Offshore wraps up $125 million FPSO sale to US firm

Norwegian FPSO operator BW Offshore has finalized the sale of its floating production, storage, and offloading (FPSO) unit to a subsidiary of Houston-based oil and gas player Murphy Oil Corporation.

about 1 year ago
Allseas setting the stage for pipelaying at EU's landmark CO2 transport and storage project
Business & Finance

Allseas setting the stage for pipelaying at EU’s landmark CO2 transport and storage project

An Allseas vessel has commenced offshore works for the first offshore carbon capture and storage (CCS) project in the Netherlands with an unexploded ordnance (UXO) survey along the pipeline route, seen as one of several important pre-lay activities before pipeline installation. Allseas’ purpose-buil

about 1 year ago
TechnipFMC illustration
Business & Finance

Contract worth over $1 billion comes to TechnipFMC for Shell’s recently sanctioned deepwater project in Brazil

Shortly after reporting an integrated engineering, procurement, construction, and installation (iEPCI) contract with Equinor in Norway, TechnipFMC has secured another one, this time with Shell in Brazil, worth over $1 billion. The iEPCI contract has been awarded for Shell’s Gato do Mato greenfield d

about 1 year ago
Gannet platform in North Sea; Source: Shell
Business & Finance

Shell presents gas & LNG as safe bets but keeps low carbon and renewable tools in play

Shell showcased its investment plans for the future, spotlighting its commitment to oil and gas to unlock longevity, further growth, and attractive returns.

15 minutes read
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