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Business & Finance

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Wave-measuring device deployed at new marine energy test site in Massachusetts
Business & Finance

Wave-measuring device deployed at new marine energy test site in Massachusetts

The Marine Renewable Energy Collaborative (MRECo), a nonprofit organization dedicated to advancing marine renewable energy and ocean technology in Massachusetts, has deployed a wave-measuring device at a newly established test range in this U.S. state. SOFAR Ocean’s SOFAR Spotter Buoy collects real-

about 2 months ago
No break for TGS as it scores triple win in Norwegian North Sea
Business & Finance

No break for TGS as it scores triple win in Norwegian North Sea

Norway-headquartered energy data and intelligence company TGS has secured three new contracts in the Norwegian North Sea, with the first having started immediately. TGS is set to mobilize in June for an ocean bottom node (OBN) assignment that will take approximately 25 days, while under another, 4D

about 2 months ago
FPSO Aoka Mizu; Source: Serica
Business & Finance

Sea Lion eyes bigger bite with second FPSO deal to speed up oil uptick

With the first phase on track for start-up in 2028, an oil project in the North Falkland Basin (NFB) is looking into expediting a capacity boost through the development of subsequent phases in the Falkland Islands.

about 2 months ago
Naming ceremony for Diamond Global Energy's Diamond Gas Jade LNG vessel; Source: K Line
Business & Finance

LNG Canada-bound vessel gets its name at Samsung Heavy Industries’ yard

Japanese shipping major Kawasaki Kisen Kaisha (K Line) has confirmed the naming ceremony for a newly built liquefied natural gas (LNG) vessel, which is destined for an LNG export terminal in Kitimat, British Columbia, Canada, operated by LNG Canada, a joint venture company encompassing Shell, Petron

about 2 months ago
Yinson Production has officially opened its Shanghai office in China; Source: Yinson Production
Business & Finance

Yinson Production sets up shop in China to bolster project execution

Singapore’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has opened the doors of its new office in Shanghai to fortify and support closer collaboration with shipyards, suppliers, fabrication partners, and technology providers in China, wh

about 2 months ago
Nigerian 22-kilometer gas pipeline to be installed by Emirati firm
Business & Finance

Nigerian 22-kilometer gas pipeline to be installed by Emirati firm

Abu Dhabi-headquartered MCS Group has been appointed to support the installation of a subsea pipeline for the FIRST Integrated Gas Supply System (FIGSS) development in Nigeria. The project’s EPCIC contractor, Marine Platforms Limited (MPL), selected MCS Group for the work on behalf of FIRST Explorat

about 2 months ago
Scarabeo 8; Source: Saipem
Business & Finance

Light turns green for North Sea drilling ops with Saipem rig

Norwegian oil and gas player Aker BP has obtained a drilling permit for an exploration well in the Norwegian sector of the North Sea, which is slated to be drilled next month using a semi-submersible rig owned by Italy’s Saipem.

about 2 months ago
Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights
Business & Finance

Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights

The fourth liquefied carbon dioxide (LCO2) carrier destined for the Northern Lights CO2 project in Norway has been christened in China. Northern Purpose has been custom-designed to transport liquefied CO2 as part of the world’s first cross-border CO2 transport and storage infrastructure. It was buil

about 2 months ago
Illustration; Source: Eco Atlantic
Business & Finance

Navitas widens its South African oil & gas arsenal

Israel’s Navitas Petroleum has signed on the dotted line to get a stake in a block off the coast of South Africa by exercising an option to farm into the block with Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin.

about 2 months ago
BW Energy in talks with Petrobras to buy Brazilian offshore field
Business & Finance

Oil boost on the horizon with go-ahead for project off Gabon and infill wells in Brazil

Oslo-listed oil and gas exploration and production (E&P) player BW Energy is embarking on an oil production expansion push by making a final investment decision (FID) for a project off the coast of Gabon and pursuing an infill well campaign in Brazilian waters.

about 2 months ago
Bird’s-eye view of the Quynh Lap project site in Nghe An Province, Vietnam, where the LNG power plant, LNG terminal, and LNG storage tanks will be constructed; Source: SK Innovation
Business & Finance

$2.3 billion LNG project breaks ground in Southeast Asia

SK Innovation, an affiliate of South Korean conglomerate SK Group, Vietnam’s state-run power company PV Power (PetroVietnam Power), and local partner NASU, an affiliate of TH Group, have held a groundbreaking ceremony for a liquefied natural gas (LNG) project, which is anticipated to support Vietnam

about 2 months ago
Poland-bound FSRU; Source: Gaz-System
Business & Finance

FSRU launch bringing Europe’s next terminal closer to completion

Poland’s gas transmission system operator (TSO), Gaz-System, has unveiled a new milestone in the construction of a new floating storage and regasification unit (FSRU), destined to be part of a liquefied natural gas (LNG) terminal located in the Gulf of Gdańsk.

about 2 months ago
A large vessel at sea
Business & Finance

UAE and India deepen energy ties with oil, LNG, LPG and storage deals

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has struck new strategic alliances with India-based energy partners, fortifying bonds between the UAE and India through agreements across crude oil, liquefied natural gas (LNG), and liquefied petroleum gas (

about 2 months ago
Karpowership's LNGTS vessel; Source: Karpowership
Business & Finance

Karpowership upping Mexico’s energy ante with LNG-to-power project

Karpowership, Türkiye’s floating power solutions provider and owner and operator of powerships, is setting the stage to elevate the energy infrastructure game in Mexico’s Yucatán Peninsula with a project that will include a powership and a liquefied natural gas (LNG) terminal vessel (LNGTS).

about 2 months ago
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