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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsExploration & ProductionRegulation & PolicyCarbon Capture Usage & StorageOutlook & StrategyProject & TendersVisionInfrastructureTransitionCertification & ClassificationTechnologyVesselsGreen Marine
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business & Finance

Aphrodite rising as Chevron, Shell, NewMed and Cyprus give the go-ahead for tweaked gas development plan

Chevron and its partners, BG Cyprus (Shell) and NewMed Energy, have given their blessing, together with the government of Cyprus, for an updated development plan of an offshore gas field reservoir in Block 12 located in the Eastern Basin of the Mediterranean Sea.

about 1 year ago
Trion FPU concept image; Source: Wood
Business & Finance

SBM Offshore celebrates first steel cut for deepwater oil project’s floater

SBM Offshore has kicked off the construction phase of a disconnectable turret mooring (DTM) for a floating storage and offloading (FSO) unit, destined to be deployed at a deepwater oil project 30 km south of the Mexico-U.S. maritime border.

about 1 year ago
Woodfibre LNG
Business & Finance

Canada’s net-zero LNG export terminal taking shape as construction ops continue (Gallery)

Woodfibre Management, a privately held Canadian company based in Vancouver, is going full steam ahead with foundation and marine piling work to breathe life into its operated $5.1 billion liquefied natural gas (LNG) export project.

about 1 year ago
David Whitehouse CEO, Offshore Energies UK (OEUK)
Business & Finance

OEUK pushes for UK carbon capture funding amid budget concerns

Britain’s trade body for the offshore energy industry Offshore Energies UK (OEUK) has urged the UK government to stay committed to supporting additional carbon capture, usage, and storage (CCUS) projects as concerns mount over potential funding cuts in the upcoming comprehensive spending review (CSR

about 1 year ago
Wallenius Wilhelmsen
Business & Finance

Wallenius Wilhelmsen rolls out net zero-aligned sustainable financing framework

Norwegian roll-on/roll-off (RoRo) shipping and logistics company Wallenius Wilhelmsen has launched a sustainable framework promoting green financing practices.

about 1 year ago
Offshore survey on schedule for UK’s first carbon storage permit
Business & Finance

Offshore survey on schedule for UK’s first carbon storage permit

A geophysical offshore survey is scheduled to start next month at the first-ever carbon storage permit in the UK, being developed by a joint venture between BP, Equinor and TotalEnergies. The geophysical offshore survey for the Northern Endurance Project (NEP) is expected to begin on March 4, taking

about 1 year ago
Lloyd’s Register gives its blessing to Brazilian 24-meter USV
Business & Finance

Lloyd’s Register gives its blessing to Brazilian 24-meter USV

Maritime classification society Lloyd’s Register has awarded Approval in Principle (AiP) to Brazilian company TideWise for a 24-meter uncrewed surface vessel (USV) capable of performing offshore subsea inspection operations at depths of up to 2,500 meters. According to Lloyd’s Register, the AiP conf

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

$7-9 billion gas deal strengthens India-UAE LNG ties

ADNOC Gas has landed a multi-year liquefied natural gas (LNG) supply agreement worth billions with Indian Oil Corporation, fortifying energy bonds between the United Arab Emirates (UAE) and India.

about 1 year ago
Sale of Golar Arctic LNG carrier marks Golar's exit from LNG shipping business arena
Business & Finance

Bermuda player takes its leave from LNG shipping scene with vessel disposal

Golar LNG has taken steps to divest a 22-year-old liquefied natural gas (LNG) carrier, bidding farewell to the LNG shipping segment in the process, as this ship is the last LNG carrier in the Golar fleet.

about 1 year ago
Topside for the Quiluma offshore wellhead platform; Source: Saipem
Business & Finance

Saipem, BP & Eni JV cheer ‘major’ achievement toward start-up of first non-associated gas project (Gallery)

Saipem has outlined the inroads made in putting a natural gas project, said to be Angola’s first non-associated gas development, into operation mode, with the construction of a gas production topside for an Angola-bound offshore platform.

about 1 year ago
Transocean Endurance rig; Source: Songa Offshore/Transocean
Business & Finance

Transocean rig trio’s ongoing drilling gigs get an encore

Transocean has landed a new set of contract extensions for three floaters, encompassing one drillship and two semi-submersible rigs, working off the coast of India, Norway, and Australia.

about 1 year ago
Evergreen splashes out $3 billion on new LNG dual-fuel containerships
Business & Finance

Evergreen splashes out $3 billion on new LNG dual-fuel containerships

Taiwanese container shipping company Evergreen Marine Corporation has placed an order worth around $3 billion for new LNG dual-fuel containerships at South Korean and Chinese shipyards.

about 1 year ago
UK’s first HVDC cable factory starts showing contours
Business & Finance

Scottish submarine cable factory starts taking shape

The first batch of structural steel for Sumitomo Electric’s submarine cable manufacturing facility at the Port of Nigg in Scotland, set to form the backbone of the factory and warehouse structure, has arrived at the site. Sumitomo started the construction of what is said to be the UK’s first HVDC ca

about 1 year ago
Austal: $172M shipbuilding deal formalized for hydrogen-ready ferry
Business & Finance

Austal: $172M shipbuilding deal formalized for hydrogen-ready ferry

Austal Australasia, a part of Australian shipbuilding company Austal, has signed a contract with Gotlandsbolaget of Sweden to design and construct a hydrogen-ready vehicle passenger ferry.

about 1 year ago
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