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Business & Finance

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Europe
Business & Finance

New LNG carrier deal marks 21st vessel entry in Danish shipowner’s orderbook

Danish shipping player Celsius has expanded its liquefied natural gas (LNG) orderbook with a new addition, thanks to a deal with Japan’s JERA.

about 1 year ago
Depsea Yantai rig; Source: Neptune Energy
Business & Finance

Orlen and Shell come up empty as Tomcat drilling ops wind down

Orlen Upstream Norway, part of Poland’s Orlen Group, has wrapped up drilling activities at a wildcat well in the southern part of the Norwegian Sea, undertaken with one of the Odfjell Drilling-managed rigs, without finding any commercial volumes of hydrocarbons.

about 1 year ago
Keel laid for Dutch hybrid survey and ROV vessel
Business & Finance

Keel laid for Dutch hybrid survey and ROV vessel

The Netherlands-based Neptune Marine has held the keel laying ceremony for the hybrid survey and remotely operated vehicle (ROV) support vessel it is building for compatriot N-Sea. It was announced in November 2024 that N-Sea had signed a long-term charter agreement with Mainport Shipping for the de

about 1 year ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business & Finance

Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect

Will Trump’s upcoming oil and gas era be a setback, holding back U.S. renewables’ progress, or a shot in the arm galvanizing greener zest?

25 minutes read
Additional two years for OWF construction will cut risk and cost, Vattenfall's Ireen Geerbex says
Business & Finance

Extending construction window for OWFs will cut cost and risk, Vattenfall’s Ireen Geerbex says

Innovation in wind energy has been one of the main pillars driving the upscale of the sector, enabling better components, larger and stronger turbines, faster and more cost-effective logistics, but what about its integration into tenders? Innovative approaches in tender designs can have a major impa

about 1 year ago
FLNG Gimi works on BP's Greater Tortue Ahmeyim (GTA) project; Source: Golar LNG
Business & Finance

BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas

With floating liquefied natural gas (FLNG) commissioning activities in full swing, BP has achieved another first at a gas development off the coasts of Mauritania and Senegal, which is said to be the biggest project in its portfolio and one of the deepest, most complex gas developments in Africa.

about 1 year ago
A man and a woman standing next to each other
Business & Finance

ADNOC’s $10B gas supply deal boosting UAE’s energy transition

ADNOC Gas, an affiliate of Abu Dhabi National Oil Company (ADNOC), has entered into a long-term strategic partnership with Emirates Water and Electricity Company (EWEC), the procurer and supplier of water and electricity in Abu Dhabi. The duo has also signed a gas sales and purchase agreement (GSPA)

about 1 year ago
UK
Business & Finance

UK supports maritime decarbonization with new $37M funding

On January 16, 2025, the UK launched the latest round of the Clean Maritime Demonstration Competition (CMDC6).

about 1 year ago
founder and CEO of WaveX, Simon Renwick
Business & Finance

WaveX and Trident Energy unite for wave energy project in Western Australia

Australian wave energy company WaveX has signed a heads of agreement with UK-based Trident Energy to collaborate on advancing wave energy systems. According to WaveX, the partnership will focus on integrating Trident’s PowerPod linear generators into WaveX’s D-Spar wave energy converter (WEC) to enh

about 1 year ago
Gearbulk
Business & Finance

MOL wraps up Gearbulk acquisition

Japanese shipping major Mitsui O.S.K. Lines has completed the acquisition of a majority stake in Swiss open-hatch vessel owner Gearbulk.

about 1 year ago
FPSO Dorado; Source: Santos
Business & Finance

Australian player takes a rain check on FID for giant oil project

Santos has put off a final investment decision (FID) for a huge oil development project in the Bedout Basin off the coast of Western Australia (WA).

about 1 year ago
Edda Freya; Source: DeepOcean
Business & Finance

DeepOcean and Østensjø Rederi extend long-standing charters for three vessels

Norwegian ocean services provider DeepOcean has extended the charter agreements with Østensjø Rederi for three vessels, all under contract with DeepOcean since their delivery from shipyards. The companies have agreed to extend the existing contracts for Edda Freya and Edda Flora through 2026, and Ed

about 1 year ago
COSL Innovator rig; Source: COSL
Business & Finance

COSL rig spuds North Sea well as another awaits its turn in UK waters

Serica Energy has kicked off drilling operations at the next well in its multi-well drilling campaign and work-over program in the North Sea, with a rig from COSL Drilling Europe, which has one more well lined up with the British player on the UK Continental Shelf (UKCS).

about 1 year ago
Lee Robins, Business Unit Director for Instrumentation, Tracerco.
Business & Finance

UK firm secures its largest ever deal for Petrobras field

UK-based Tracerco has secured multi-million-pound worth of contracts in Brazil, including the largest project the company has ever undertaken. According to Tracerco, the deal, secured with TechnipFMC, involves delivering Tracerco Profiler measurement and control solutions for Petrobras’ Mero 3 High-

about 1 year ago
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