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Business & Finance

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Contract with 'prominent' oil & gas company takes US subsea firm to West Africa
Business & Finance

Contract with ‘prominent’ oil & gas company takes US subsea firm to West Africa

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, is set to deliver subsea distribution manifolds to what it says is a prominent oil and gas company, for a project in West Africa. The scope of work includes engineering, procurement, fabrication,

about 1 year ago
FPSO Okha; Source: Woodside
Business & Finance

Woodside and Chevron swap oil & gas and CCS assets offshore Australia

Woodside and Chevron have set an asset swap deal in motion to consolidate their interest in core areas of operations and focus on strategic oil, gas, liquified natural gas (LNG), and carbon capture and storage (CCS) assets each operates in Western Australia.

about 1 year ago
Helix Q7000 light well intervention rig; Source: Helix Energy Solutions
Business & Finance

Helix vessel getting ready for Brazilian decom job with Shell at Namibia’s port

Helix Energy Solutions has confirmed the arrival of its purpose-built DP3 semi-submersible vessel to Namibia’s Port of Walvis Bay to prepare for its decommissioning assignment off the coast of Brazil.

about 1 year ago
Mocean Energy’s Blue X wave energy device under sea trials (Courtesy of Mocean energy/Photo by Colin Keldie)
Business & Finance

Mocean Energy lands £1.2M grant and almost £200K for further commercial work

Scottish wave energy company Mocean Energy has secured £140,000 (around $178,000) of further commercial work and a £1.2 million (around $1.5 million) grant from Wave Energy Scotland (WES) to further develop a novel direct drive generator for wave energy technology. According to Mocean Energy, the fu

about 1 year ago
With 'outstanding' financial results in 2023, Prysmian upgrades its decarbonization strategy
Business & Finance

Prysmian inks €700 million framework agreement for offshore links in France

Italy’s Prysmian has signed a framework agreement with the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE) to provide submarine power cable links that will connect two offshore wind farms to the French transmission grid. Under the contract, Prysmian will be responsi

about 1 year ago
Gimi alongside Gandria at Seatrium, former Keppel, shipyard; Source: Golar LNG
Business & Finance

Vessel sale causes Singapore giant to lose out on floating LNG conversion gig

As Golar LNG has made a move to sell a 47-year-old LNG carrier, Singapore’s Seatrium will not be able to carry out a previously agreed floating LNG (FLNG) conversion assignment.

about 1 year ago
Enova
Business & Finance

Fourteen zero-emission vessels to receive funding from Enova

Norwegian government enterprise Enova has announced financial support for seven ammonia ships, two hydrogen ships, five electric ships and one charging facility, in the latest round of the country’s investments in green shipping.

about 1 year ago
Fugro takes its uncrewed subsea inspections to the Americas
Business & Finance

Fugro takes its uncrewed subsea inspections to the Americas

Brazilian oil and gas giant Petrobras and Dutch geo-data specialist Fugro have signed a 175-day addendum to their current inspection, repair and maintenance (IRM) services contract to include fully remote subsea inspection surveys of shallow-water infrastructure in Brazil. Work will start in January

about 1 year ago
DS Carolina drillship; Source: Ventura Offshore
Business & Finance

Petrobras hires another drillship for work at two oil fields offshore Brazil

Ventura Offshore has secured a long-term drillship contract with Petrobras, a compatriot state-owned energy giant, for operations at two oil field developments off the coast of Brazil.

about 1 year ago
Google buys offshore wind power from Vattenfall-CIP JV
Business & Finance

Google buys offshore wind power from Vattenfall-CIP JV

Google has signed a power purchase agreement (PPA) with Denmark’s Copenhagen Infrastructure Partners (CIP) for 250 MW of energy capacity at the Zeevonk offshore wind project in the Netherlands.

about 1 year ago
West Tellus drillship; Source: Seadrill
Business & Finance

Seadrill’s drillship picks up 1,095-day drilling job offshore Brazil

Seadrill has won a multimillion-dollar assignment off the coast of Brazil for one of its drillships, which will work for the South American country’s state-owned energy giant Petrobras.

about 1 year ago
Shortly after reaching FID, Shell awards TechnipFMC with subsea contract for Nigerian project
Business & Finance

TechnipFMC to deliver subsea production systems for Shell’s oil & gas project off Nigeria

UK-headquartered energy technology provider TechnipFMC has secured a contract with Shell to deliver subsea production systems for a deepwater oil and gas project off the coast of Nigeria for which the final investment decision (FID) was reported earlier today. As part of the contract with Shell Nige

about 1 year ago
Two men sitting behind a desk signing documents
Business & Finance

Third formal deal sealed for ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s energy supply company EnBW Energie Baden-Württemberg (EnBW) for gas from its lower-carbon Ruwais liquefied natural gas (LNG) project. The deal for supplying 0.6 million tonnes per annum (mtpa) of LN

about 1 year ago
Dhirubhai Deepwater KG1 drillship; Source: Transocean
Business & Finance

Transocean drillship gets $111 million to stay longer at drilling gig offshore India

Switzerland-based Transocean has secured a multi-well contract extension for one of its drillships off the coast of India.

about 1 year ago
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