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Business & Finance

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NKT's new cable extrusion tower reaches full height, becoming second tallest in the Nordics
Business & Finance

NKT’s new cable extrusion tower reaches full height, becoming 57th tallest European structure

The new cable extrusion tower that Denmark’s power cable manufacturer and installation company NKT is building at its power cable factory in Karlskrona, Sweden, has reached its full height of 200 meters, becoming the second tallest tower in the Nordics. This third extrusion tower at the Karlskrona f

about 1 year ago
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
Business & Finance

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 1 year ago
Saab UK's Seaeye SR20 eWROV water trials. Source: Saab
Business & Finance

Saab’s remotely operated vehicle finishes water trials, moving toward sea tests

Saab UK has completed inshore water testing for its Seaeye SR20 eWROV, marking what it says is a significant milestone in the development of the fully electric, work-class remotely operated vehicle (ROV). Last month, the SR20 underwent rigorous trials aimed at validating its specifications and perfo

about 1 year ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

TotalEnergies embarks on high-impact exploration drilling ops offshore Namibia

TotalEnergies has kicked off drilling activities at an exploration well close to previously made light oil discovery in the prolific Orange Basin off the coast of Namibia with a semi-submersible rig owned by Northern Ocean and managed by Odfjell Drilling.

about 1 year ago
North Sea; Source: OEUK
Business & Finance

Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

13 minutes read
Two men sitting at a desk with two women standing behind them
Business & Finance

TotalEnergies supplying Sinopec with LNG well into 2040s

France’s energy giant TotalEnergies has inked a heads of agreement (HoA) with China Petrochemical Corporation (Sinopec) for a multi-year sale of liquefied natural gas (LNG).

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Stena Drilling drillship comes to spud Chevron’s prospect in West Mediterranean as Egypt anticipates oil & gas growth with further exploration

Stena Drilling has brought one of its drillships back to Egyptian waters to embark on a drilling assignment with Chevron in the mostly unexplored West Mediterranean (West Med) blocks off the coast of Egypt.

about 1 year ago
Argeo signs eight-year data agreement with Suriname’s oil & gas regulator
Business & Finance

Argeo signs eight-year data agreement with Suriname’s oil & gas regulator

Norway’s subsea services provider Argeo has entered into an eight-year agreement with Staatsolie, Suriname’s oil and gas regulator and state oil company, for the acquisition, processing and sales of multi-client data in Suriname. The execution of the agreement will be performed in several phases ove

about 1 year ago
Chevron's Anchor deepwater project in Gulf of Mexico; Source: Chevron
Business & Finance

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have posted strong sets of results even though they collected around $4.7 billion less in combined profit during th

15 minutes read
Source: HEXA Renewables, screenshot.
Business & Finance

HEXA Renewables commissions ‘world’s largest’ offshore floating solar plant in Taiwan (Video)

Singapore-based HEXA Renewables, in partnership with Taiwan’s government and backed by global infrastructure fund I Squared Capital, has commissioned the “world’s largest offshore floating solar power plant” in Changhua County, Taiwan. Spanning 347 hectares across four plots, the 373 MWac (megawatt

about 1 year ago
Rendering of gravity-based structure (GBS) design (for illustration); Source: Aker Solutions
Business & Finance

Crown taking charge of LNG import terminals in UK and India

Crown LNG has concluded acquisition agreements related to two liquefied natural gas (LNG) import terminal projects, one in India and the other one in Scotland’s Firth of Forth.

about 1 year ago
Singaporean company enters Middle East with maiden oil & gas contract in Arabian Gulf
Business & Finance

Singaporean company enters Middle East with maiden oil & gas contract in Arabian Gulf

Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, is extending its subsea construction capabilities into the Middle East with the award of a maiden contract in the Arabian Gulf. POSH has secured a subsea umbilicals, risers and flow

about 1 year ago
PNG LNG; Source: ExxonMobil PNG
Business & Finance

NOC’s enlargement of its share in ExxonMobil’s project enables Chevron to get more LNG

Kumul Petroleum Holdings Limited (KPHL), the national oil company (NOC) of Papua New Guinea, has put the finishing touches on its acquisition of an additional stake in ExxonMobil’s liquefied natural gas (LNG) project located in Oceania.

about 1 year ago
A visualization of the now-operational Hywind Sctoland floating wind farm with mooring and cables shown
Business & Finance

TechnipFMC, Prysmian join forces on ‘complete water column solution’ for floating wind

TechnipFMC and Prysmian have signed a collaboration agreement to combine their technologies and expertise and deliver what the two companies say is a complete water column solution for floating wind projects. The solution encompasses mooring and anchoring and both dynamic inter-array and export cabl

about 1 year ago
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