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Business & Finance

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Illustration of FPSO for Bay du Nord oil project; Source: Equinor
Business & Finance

Canada’s stalled $12-billion oil project takes step forward with new FPSO awards

Equinor has started the ball rolling to develop its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador by awarding preliminary front-end engineering design (pre-FEED) work to BW Offshore and Altera Infrastructure.

about 1 year ago
NFE's LNG terminal in Puerto Rico is adjacent to the power plant, which will initially operate on LNG but have the capacity to operate on hydrogen in the future; Source: New Fortress Energy
Business & Finance

US firm scores 20-year gas supply gig in Puerto Rico

U.S. energy infrastructure player New Fortress Energy (NFE) has secured a multi-year natural gas supply deal for a 478 MW combined-cycle power plant, which is currently under development in San Juan, Puerto Rico.

about 1 year ago
Darwin LNG; Source: Santos
Business & Finance

Duo exploring avenues for Australian LNG project’s expansion to enrich gas market

Santos has joined forces with Tamboran Resources Corporation to look into a potential enlargement of a liquefied natural gas (LNG) project in Darwin, with the idea of supplying more gas to the country’s domestic market and international LNG scene.

about 1 year ago
Belfast Harbour to invest around $387 million in port projects over next five years
Business & Finance

Belfast Harbour to invest around $387 million in port projects over next five years

Belfast Harbour, Northern Ireland’s principal maritime gateway and logistics hub, has unveiled a new strategy setting out a program to invest £313 million (approximately $387 million) in capital projects across the port and Harbour Estate over the next five years.

about 1 year ago
President Lech Kaczyński LNG Terminal in Świnoujście has been in operation since 2016; Source: Gaz-System
Business & Finance

LNG terminal spreads its wings to level up Poland’s gas diversification and energy security

Gaz-System has expanded the regasification capacity at a liquefied natural gas (LNG) terminal in Świnoujście.

about 1 year ago
Transocean Norge; Source: Transocean
Business & Finance

All-systems-go for Transocean rig to spin the drill bit in North Sea

OMV has received a drilling permit from the country’s authorities for a wildcat well in the North Sea off the coast of Norway, enabling it to undertake drilling activities next month with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 1 year ago
Kuwait Petroleum Company
Business & Finance

Another oil & gas discovery of ‘great importance’ springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore field in the country’s territorial waters, bolstering its expectations of discovering more offshore oil and gas to boost the country’s energy arsenal.

about 1 year ago
Greece's €1B interconnection passes muster for full electrification
Business & Finance

Greece’s €1B interconnection passes muster for full electrification

Ariadne Interconnection, a subsidiary of Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), has completed the site acceptance test (SAT) for the cable system for what it says is the largest electricity transmission project in Greece. IPTO reported today

about 1 year ago
CNOOC
Business & Finance

CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays

China’s CNOOC has set out its multibillion-dollar business strategy and development plan for 2025.

about 1 year ago
Sumitomo and Van Oord booked for second Shetland HVDC cable link
Business & Finance

Sumitomo and Van Oord booked for second Shetland HVDC cable link

SSEN Transmission has entered into a capacity reservation agreement (CRA) with a consortium of Sumitomo Electric Industries and Van Oord for the supply and installation of a second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland 2 HVDC Link. The cable for the

about 1 year ago
Norwegian Hydrogen acquires Aker Horizons’ Rjukan green hydrogen project
Business & Finance

Norwegian Hydrogen acquires Aker Horizons’ Rjukan green hydrogen project

Norwegian Hydrogen has acquired Aker Horizons’ hydrogen project in Rjukan, Norway, and plans on building a 25 MW plant, with the possibility for further upscaling and expansion.

about 1 year ago
FPSO Cidade de Angra dos Reis; Source: Petrobras
Business & Finance

MODEC’s FPSO staying five more years with Petrobras offshore Brazil

Petrobras has prolonged the assignment of a floating production, storage, and offloading (FPSO) vessel, chartered from Japan’s MODEC, in the Santos Basin off the coast of Brazil.

about 1 year ago
US autonomous surface vehicle completes multi-day trials without returning to base
Business & Finance

US autonomous surface vehicle completes multi-day trials without returning to base

U.S.-based Ocean Power Technologies (OPT) has completed a set of exercises in California in which its WAM-V unmanned surface vehicle (USV) operated for multiple days without needing to return to base. During the exercises, the WAM-V 22 operated for several days while hosting a complete seabed survey

about 1 year ago
Map showing oil & gas fields in Vietnam; Source: Harbour Energy
Business & Finance

UK firm’s acquisition of ‘fast-payback’ oil & gas fields marks new country entry in Southeast Asia

EnQuest has set the wheels in motion to expand its presence in Southeast Asia by buying Harbour Energy’s business in Vietnam, which encompasses producing oil and gas assets.

about 1 year ago
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