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Business & Finance

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Business Developments & ProjectsProject & TendersExploration & ProductionCarbon Capture Usage & StorageInnovationResearch & DevelopmentTechnologyAuthorities & GovernmentEnvironmentInfrastructureOutlook & StrategyRegulation & PolicyStorageTransitionVisionCollaboration
KCA Deutag
Business & Finance

$900 million lands on KCA Deutag’s backlog for cross-geography drilling ops

KCA Deutag has landed multiple new onshore and offshore drilling assignments and extensions, spanning different continents, which expands its total backlog by $900 million.

about 1 year ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Shell’s new solar-powered platform with 20-year design life on its way to offshore gas field (Gallery)

Shell is setting all the puzzle pieces together to kick off production from a natural gas development off the coast of Malaysia. The latest milestone in this project comes with the jacket and topside sail-away events for an offshore platform specifically built for the project and designed to run on

about 1 year ago
An aerial view of an LNG terminal
Business & Finance

Partners exploring viability of France’s CO2 transport and liquefaction network, eyeing 2030 completion date

Following June’s call for expressions of interest (CEI) to develop a network of CO2 transport infrastructure in France, French liquefied natural gas (LNG) operator Elengy has launched feasibility studies for the project in partnership with compatriot Société du Pipeline Sud-Européen (SPSE), a player

about 1 year ago
MHB has secured award for conversion works of a MPDU into a mobile WIF; Source: MHB
Business & Finance

Rig getting new lease on life as water injection unit for more sustainable oil recovery

MHB has landed a conversion deal to breathe new life into a mobile offshore drilling unit (MODU) by turning it into a water injection facility (WIF) designed to optimize reservoir pressure, enhance oil recovery rates, and reduce environmental impact.

about 1 year ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business & Finance

US DOE pours $33M into marine and hydropower projects to boost innovation and commercialization

The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated more than $33 million in funding to advance marine energy and hydropower projects. Out of the total funding, nearly $25 million is dedicated to 25 marine and hydropower research and development (R&D) projects

about 1 year ago
ABL Centre Manche
Business & Finance

ABL secures work on French offshore grid connections

Energy and marine consultancy company, ABL, has been appointed as marine warranty surveyor (MWS) to support the marine transportation and installation (T&I) operations for the Centre Manche 1 and Centre Manche 2 offshore substations in France. Centre Manche 1 and Centre Manche 2 are part of two offs

about 1 year ago
Gearbulk
Business & Finance

Marubeni to acquire 28% stake in Gearbulk

Japanese conglomerate Marubeni will buy a 28% stake in Switzerland-based shipping company Gearbulk from Kristian Jebsen and his family.

about 1 year ago
Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage
Business & Finance

Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage

The Danish Energy Agency has launched the tendering procedure for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion ($4.2 billion) available for interested parties to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, trans

about 1 year ago
Woodside Louisiana LNG, former Driftwood LNG; Source: Tellurian, now part of Woodside Energy
Business & Finance

Woodside enriches US liquefied natural gas arsenal with $900 million acquisition

Woodside has wrapped up the expansion of its liquefied natural gas (LNG) portfolio with the completion of the acquisition of Tellurian, a U.S.-based natural gas player.

about 1 year ago
Masdar allies with Norwegian companies on renewables and green hydrogen
Business & Finance

Masdar allies with Norwegian companies on renewables and green hydrogen

Abu Dhabi Future Energy Company (Masdar) has signed agreements with Norwegian companies to explore clean energy opportunities with green hydrogen in focus.

about 1 year ago
Shearwater's 2025 to-do list expands with deepwater gig for TotalEnergies
Business & Finance

Shearwater’s 2025 to-do list expands with deepwater gig for TotalEnergies

Norwegian marine geoscience and technology company Shearwater GeoServices is set to carry out an ocean bottom node (OBN) survey in Angola for French energy giant TotalEnergies at the beginning of 2025. The deepwater OBN survey will be performed by the dual ROV-equipped SW Tasman, the fit-for-purpose

about 1 year ago
Illustration; Source: McDermott
Business & Finance

McDermott offloading storage business arm for $475 million six years after merger

McDermott has set the sale of its storage business line in motion, with a newly inked agreement, following its marketing process which culminated in a winning offer from a consortium of financial investors, led by Mason Capital Management. The U.S. giant will use the cash from the divestment to sett

about 1 year ago
People standing in front of a screen that says ASEAN energy sector Methane Leadership Program 2.0, Turning Capacity into Action
Business & Finance

Petronas inks gas supply deal and explores decarbonization avenues by extending regional methane reduction program

Malaysia’s state-owned energy firm Petronas has inked a gas sales agreement (GSA) for its subsidiary Malaysia Petroleum Management (MPM) to deliver gas to compatriot firm Sabah Electricity Sdn. Bhd. (SESB). The oil and gas giant has also teamed up with energy players from the Association of Southeas

about 1 year ago
Design of BP's Kaskida FPU; Source: Exmar Offshore
Business & Finance

BP books TechnipFMC on multimillion-dollar job at its first 20K tech oil project

BP has picked TechnipFMC for work at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

about 1 year ago
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