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Business & Finance

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Dutch ocean current prototype wraps up open-water testing
Business & Finance

Dutch ocean current prototype wraps up open-water testing

Dutch Equinox Ocean Turbines (EQOT) has completed open-water testing of its ocean current prototype, collecting data used to de-risk and advance the technology toward commercial deployment. The open-water testing of the Mobula 5 1:10 prototype began in Friesland, the Netherlands, earlier this month,

about 2 months ago
Labin rig; Source: INA
Business & Finance

First of five wells in €65 million North Adriatic drilling campaign yields more gas

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Zagreb-headquartered INA Group, a member of the MOL Group, has found gas at the first well in its multi-well drilling campaign on its North Adriatic gas field off the coast of Croatia.

about 2 months ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Business & Finance

Second FPSO oil train boosts Brent-linked production growth

London-based oil and gas player Energean has put into operation a second oil train on a floating production, storage, and offloading (FPSO) vessel deployed at a field off the coast of Israel.

about 2 months ago
Ramform Tethys
Business & Finance

TGS gets the ball rolling across three continents

Some ten days after the announcement of a strategic collaboration agreement with Allton for accelerating the deployment of innovative deepwater ocean-bottom node (OBN) technology, Norwegian energy data and intelligence company TGS has reported updates from three countries, namely Norway, Ghana and C

about 2 months ago
Naga 8 jack-up rig; Source: Velesto
Business & Finance

Chevron books Velesto’s 2015-built rig on multimillion-dollar gig in Southeast Asia

Velesto Drilling, a wholly-owned subsidiary of Malaysia’s Velesto Energy, owner of premium jack-up rigs, has secured a deal to provide a jack-up rig for a drilling campaign off the coast of Malaysia, Southeast Asia.

about 2 months ago
Illustration; Source: ABL Group
Business & Finance

ABL on FSO installation duty for Papua New Guinea’s first offshore floating facility

Energy and marine consultancy ABL, part of Oslo-listed global consultancy group Aqualis, has landed a new installation job with Oil Search (PNG), a subsidiary of Australia’s Santos, for a floating storage and offloading (FSO) unit off the coast of Papua New Guinea.

about 2 months ago
Israel reveals plan to invest circa $2 million in marine energy solutions
Business & Finance

Israel reveals plan to invest circa $2 million in marine energy solutions

Israel’s government is planning to invest NIS 6 million (approximately $2 million) in advancing marine energy solutions, including wave energy generation, offshore energy systems, artificial intelligence-powered marine energy management, and related technologies. The joint initiative by Israel’s Min

about 2 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron’s Cypriot gas project edges closer toward binding supply deal with Egypt

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have made inroads in securing a binding agreement for the sale of gas to Egypt from an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Medite

about 2 months ago
Sea1’s first offshore energy support vessel launches at Chinese yard
Business & Finance

Sea1’s first offshore energy support vessel launches at Chinese yard

The first of four 120-meter-long offshore energy support vessels (OESVs) being built in China for Norwegian offshore services provider Sea1 Offshore has been launched at the yard. Sea1 Offshore placed the order for the first two OESVs with Cosco Shipping in November 2024, revealing at the time that

about 2 months ago
Illustration; Source: ADNOC
Business & Finance

$6.2-billion FID enables ADNOC, TotalEnergies, Eni, and CNPC to unleash more gas

ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), and its partners – France’s TotalEnergies, Italy’s Eni, and China National Petroleum Corporation (CNPC) – have unveiled a final investment decision (FID) for a development project in the Umm Shaif and Nasr offshore concession in

about 2 months ago
Tyra II; Source: TotalEnergies
Business & Finance

Vår Energi-BlueNord merger forging Europe’s new independent oil & gas producer

Norwegian oil and gas player Vår Energi has sealed a business combination deal with BlueNord, breathing life into what is described as the largest independent producer of oil and gas in Europe.

about 2 months ago
Avenir Ambition LNG bunkering vessel; Source: Avenir LNG
Business & Finance

WATCH: Avenir’s newbuild LNG bunkering vessel hits the water

UK-headquartered Avenir LNG, an owner and operator of small-scale liquefied natural gas (LNG) carriers and LNG bunker vessels, has launched its new LNG bunkering vessel at Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) in China.

about 2 months ago
6,900-kilometer gas pipeline takes step forward as West African States seal the deal
Business & Finance

6,900-kilometer gas pipeline takes step forward as West African States seal the deal

Member states of the Economic Community of West African States (ECOWAS) union have signed an intergovernmental agreement (IGA) for a pipeline that would span nearly 6,900 kilometers along the West African Atlantic coast, connecting Nigerian gas fields to Morocco. Jointly led by Nigerian National Pet

about 2 months ago
Petronius; Source Chevron
Business & Finance

Chevron turns production switch off at US Gulf asset ahead of Tropical Storm Bertha

Houston-headquartered energy giant Chevron has shut down production at its asset in the U.S. Gulf and taken other storm-related measures to get ready for the arrival of Tropical Storm Bertha, which continues to gain momentum.

about 2 months ago