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Business & Finance

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Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

Petronas expands three-decade-long LNG ties with Shizuoka Gas up to 2039

Petronas LNG Ltd. (PLL), a subsidiary of Malaysia’s energy giant Petroliam Nasional Berhad (Petronas), has sealed a new liquefied natural gas (LNG) deal with Japan’s Shizuoka Gas, building on a partnership spanning three decades, as the duo reaffirms their shared commitment to strengthening long-ter

about 2 months ago
Kongsberg Maritime to acquire Sweden’s Berg Propulsion
Business & Finance

Kongsberg Maritime to acquire Sweden’s Berg Propulsion

Norwegian maritime technologies company Kongsberg Maritime is set to acquire Berg Propulsion, a Swedish designer and manufacturer of integrated propulsion and electrical systems for the maritime market. When announcing the acquisition, Kongsberg Maritime said that the move represents a strategic ste

about 2 months ago
FSRU Dioriga Gas; Source: Dioriga Gas
Business & Finance

New player eyes coming aboard Greece’s FSRU project with Aktor-Motor Oil deal

Greece’s Motor Oil Hellas (MOH) has struck a deal with its compatriot Aktor to divest half of its subsidiary’s stake in a floating storage and regasification unit (FSRU) project, which is anticipated to boost liquefied natural gas (LNG) supply in the European country.

about 2 months ago
COSL Pioneer; Source: COSL Drilling Europe
Business & Finance

COSL Drilling Europe’s 2010-built rig staying with Vår Energi into 2028

Norway’s oil and gas player Vår Energi has prolonged a drilling assignment, which is being undertaken on the Norwegian Continental Shelf (NCS) with one of the semi-submersible rigs owned by COSL Drilling Europe, an offshore drilling contractor.

about 2 months ago
Third ORESA innovation call for offshore energy solutions open for applications
Business & Finance

Third ORESA innovation call for offshore energy solutions open for applications

Offshore Renewable Energy Sustainability Alliance (ORESA), an Interreg North-West Europe project, is inviting small and medium-sized enterprises (SMEs) developing innovative products, technologies, or services within the offshore energy sector to apply for its third innovation call. The Innovation C

about 2 months ago
FPSO Kraken; Source: EnerMech
Business & Finance

Harbour enriches its UK North Sea oil & gas portfolio with Waldorf buy

London-listed oil and gas company Harbour Energy has wrapped up the acquisition of all subsidiaries of Waldorf Energy Partners Limited (WEPL) and Waldorf Production Limited (WPL), enlarging its hydrocarbon asset portfolio in the UK sector of the North Sea.

about 2 months ago
COSL Prospector rig; Source: COSL
Business & Finance

North Sea wildcat to be spud by COSL rig next month

Norway’s oil and gas player Vår Energi has secured a drilling permit for operations in the Norwegian North Sea, which will be conducted with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 2 months ago
Partnership set up in Norway to accelerate deployment of innovative OBN tech
Business & Finance

Partnership set up in Norway to accelerate deployment of innovative OBN tech

Norwegian energy data and intelligence company TGS and compatriot geophysical technology and service company Allton have signed a strategic collaboration agreement focused on accelerating the deployment of innovative deepwater ocean-bottom node (OBN) technology. The parties have agreed on exclusive

about 2 months ago
Platinum Explorer; Source: Vantage Drilling
Business & Finance

Following merger with Eldorado, Vantage Drilling exits Euronext Growth

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has stopped trading on Euronext Growth following the completion of its business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors. It was reported at the end of June tha

about 2 months ago
Dutch cable services firm moves closer to Baltic clients with hub in Sweden
Business & Finance

Dutch cable services firm moves closer to Baltic clients with hub in Sweden

WIND, a Netherlands-based company delivering subsea cable logistics, cable recovery, and related services, has opened a cable storage and offshore service hub in Sweden to serve the Baltic region. WIND Group has signed a long-term agreement with Smålandshamnar to establish the dedicated yard in the

about 2 months ago
Nigeria’s long-term energy security strategy backed with new oil discovery
Business & Finance

Nigeria’s long-term energy security strategy backed with new oil discovery

Nigerian integrated energy company Renaissance Africa Energy has made a new oil discovery offshore Nigeria, supporting the country’s strategy to expand crude oil reserves, increase production and strengthen long-term energy security. The JK-004 exploration well in Oil Mining Lease (OML) 74 encounter

about 2 months ago
OneSubsea nets ‘one of industry’s largest umbilical contracts to date’
Business & Finance

OneSubsea nets ‘one of industry’s largest umbilical contracts to date’

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract which it says is one of the largest umbilical contracts awarded in the industry to date, for a field development project in Indonesian waters. The contract, awarded by Eni North Ganal Limited, a subsidiary o

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

Petrobras closes acquisition of offshore block in São Tomé and Príncipe

Brazil’s state-owned energy firm Petrobras has concluded the acquisition of an interest and operatorship in an exploration block off the coast of São Tomé and Príncipe. The Brazilian player reported on April 17 the signing of an agreement to acquire an interest and assume operatorship of Block 3 off

about 2 months ago
Scotland future-proofs subsea network rollout with long-term HVDC agreement
Business & Finance

Scotland future-proofs subsea network rollout with long-term HVDC agreement

Scottish transmission system operator (TSO) SSEN Transmission has signed a long-term framework agreement with Sumitomo Electric Industries and Van Oord Offshore Wind UK for the engineering, supply, transport and installation of high-voltage direct current (HVDC) subsea cable systems to support futur

about 2 months ago
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