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Business & Finance

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Solstad goes on decarbonisation quest with Wärtsilä
Business & Finance

SBM Offshore, Solstad enrich fleet pool with new multi‑purpose installation vessel

Norwegian shipping company Solstad Offshore has joined forces with Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, to strengthen its fleet with a new-build multi-purpose deepwater installation and construction vesse

about 1 month ago
MSC
Business & Finance

Projectile strikes on MSC’s vessel raise maritime security concerns

Switzerland-headquartered Mediterranean Shipping Company (MSC), a privately owned global shipping and logistics giant and part of MSC Group, has reported two projectile attacks on its Panama-flagged cargo ship in the Middle East, which is interpreted to highlight threats to maritime trade.

about 1 month ago
Central Azeri Patform, Caspian Sea - Petrofac
Business & Finance

BP flows first non-associated gas from its giant Caspian Sea field

UK-headquartered energy giant BP has achieved the start of non-associated gas (NAG) production at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.

about 1 month ago
JDR opens subsea cable factory in Blyth
Business & Finance

JDR opens subsea cable factory in Blyth

JDR Cable Systems has opened its new subsea cable factory in Cambois, near Blyth, UK, which the company says expands its capacity to supply inter-array, interconnector and export cable systems for offshore wind projects. The new plant is aimed at supporting growing demand for offshore wind infrastru

about 1 month ago
Fast4Ward FPSO design; Source: SBM Offshore
Business & Finance

SBM Offshore and Petrobras seal FPSO pair deal for $12-billion oil & gas duo

Given its plan to bring to life two approved oil and gas developments in the Sergipe Alagoas Basin off the coast of Brazil, the country’s state-owned energy giant Petrobras has signed off on deals for two floating production, storage, and offloading (FPSO) units with Dutch giant SBM Offshore, laying

about 1 month ago
TotalEnergies - North Sea strike
Business & Finance

Strike over pay dispute on North Sea oil workers’ voting agenda

Multiple offshore workers are poised to cast their votes to determine whether they will embark on industrial action at two platforms in the North Sea on the UK Continental Shelf (UKCS), which are operated by Neo Next + Energy E&P, created by the merger between TotalEnergies’ UK North Sea upstream oi

about 1 month ago
Rendering of Commonwealth LNG; Source: Commonwealth LNG
Business & Finance

CB&I scores multimillion-dollar assignment for $13 billion US LNG project

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has won a new deal for multiple liquefied natural gas (LNG) storage tanks destined for an LNG export project under development in Louisiana, United S

about 1 month ago
Sociedad Portuaria Puerto Bahía (Puerto Bahía)
Business & Finance

Frontera cinches LNG contract with Ecopetrol to underwrite FSRU lease

Canada’s Frontera Energy Corporation has pivoted to a fully focused, pure-play energy infrastructure company by exiting the exploration and production segment and betting on liquefied natural gas (LNG), liquefied petroleum gas (LPG), and container growth at Puerto Bahía.

about 1 month ago
Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

Rig market consolidation continues with Vantage Drilling-Eldorado merger

Vantage Drilling, a Bermuda-exempted offshore drilling contractor, and Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, have embarked on a merger quest, which is expected to strengthen drilling capabilities, customer relationships, and investment ca

about 1 month ago
Early works starting for project that will link Western Isles to UK transmission network
Business & Finance

Early works starting for project that will link Western Isles to UK transmission network

Early works to support the installation of the mainland underground cable section of the 1.8 GW power transmission link that will connect the Scottish Western Isles to the UK national electricity transmission network for the first time are set to begin on June 8. The Western Isles HVDC Link will con

about 1 month ago
EemsEnergyTerminal in Eemshaven; Courtesy of Gasunie
Business & Finance

Dutch LNG terminal eyes 2036 horizon as Gasunie, Vopak back conditional lifeline extension

A conditional final investment decision (cFID) is paving the way to prolong operations at a liquefied natural gas (LNG) terminal in the Netherlands until 2036, securing its role in the country’s LNG infrastructure beyond 2027.

about 1 month ago
Illustration; Source: SLB
Business & Finance

SLB and Vår Energi embark on digital quest to speed up oil & gas decision-making

U.S.-headquartered technology player SLB is pooling resources with Norway’s oil and gas player Vår Energi to help the operator advance progression from discovery to development, cutting time to first oil by building on multi-discipline, collaborative well planning workflows that reduce cycle times f

about 1 month ago
Cheniere's Sabine Pass LNG; Source: Bechtel
Business & Finance

Bechtel in charge of EPC scope for Cheniere’s LNG terminal expansion project

Sabine Pass Liquefaction Stage V, a subsidiary of U.S. energy player Cheniere Energy Partners, has tasked Bechtel, an American engineering, procurement, construction, and project management player, with helping bring to life a liquefied natural gas (LNG) expansion project in Louisiana, United States

about 1 month ago
Worley Rosenberg to produce 34 subsea structures for Equinor’s field
Business & Finance

Worley Rosenberg to produce 34 subsea structures for Equinor’s field

Worley’s Rosenberg engineering, procurement and construction (EPC) center of excellence in Norway has secured a new contract with Subsea7 to fabricate subsea structures for Equinor’s oil & gas development in the northern North Sea. Worley Rosenberg will fabricate 34 subsea structures, mainly compris

about 1 month ago
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