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Business & Finance

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Business Developments & ProjectsExploration & ProductionVesselsProject & TendersTransitionInfrastructureOutlook & StrategyEnvironmentOperations & MaintenanceVisionAuthorities & GovernmentMarket OutlooksTechnologyEquipment
FPSO Agogo; Source: Yinson Production
Business & Finance

WATCH: BP-Eni JV and Yinson Production cheer ‘major’ progress for Angola-bound FPSO

Yinson Production has tucked a new milestone under its belt for floating, production, storage, and offloading (FPSO) vessel, which is destined to work off the coast of Angola for Angola-headquartered Azule Energy, a joint venture between BP and Eni.

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Business & Finance

2020-built rig going to Ghana for well appraisal ops before embarking on drilling gig in Namibia

Northern Ocean has secured a new short-term job off the coast of Ghana for a semi-submersible rig, which recently finished its long-term assignment with the UK-headquartered Shell and has work lined up for the fourth quarter of 2024 offshore Namibia with an undisclosed operator.

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

Appraisal activities with Odfjell Drilling’s rig shed more light on gas discovery

Aker BP has used one of Odfjell Drilling’s semi-submersible rigs to delineate a two-year-old gas discovery in the Norwegian Sea and will contemplate a subsea tie-back to existing infrastructure as a development option.

about 1 year ago
AHTS Normand Prosper; Source: Solstad Offshore
Business & Finance

Solstad enriches its green shipping quest with renewable fuel as biodiesel-powered vessel puts rig’s mooring spread in place

Solstad Offshore has embraced another decarbonization tool to expand its zero-emission shipping toolbox by turning to renewable biodiesel (HVO) to bunker an anchor handling tug supply (AHTS) vessel before it embarked on its assignment related to a semi-submersible rig off the coast of Norway.

about 1 year ago
McDermott to deliver pipelines and cables for QatarEnergy's natural gas field expansion project
Business & Finance

McDermott in charge of all offshore infrastructure for Qatar’s ‘massive’ natural gas field expansion project

U.S. offshore engineering and construction firm McDermott has secured an engineering, procurement, construction and installation (EPCI) contract for pipelines and cables with Qatar’s state-owned oil and gas company QatarEnergy for the expansion of the 1971-discovered North Field. The contract for th

about 1 year ago
An illustration of a vessel linked to subsea infrastructure
Business & Finance

Santos’ LNG helping TotalEnergies decarbonize Asia

Australia’s energy giant Santos has penned a deal with TotalEnergies Gas & Power Asia Private Limited, a subsidiary of France’s TotalEnergies, to deliver shipments of liquefied natural gas (LNG) on a mid-term basis.

about 1 year ago
Mermaid Subsea ahead of schedule with 'major' decommissioning campaign for Shell
Business & Finance

Mermaid Subsea ahead of schedule with ‘major’ decommissioning campaign for Shell

Mermaid Subsea Services (UK) has ahead of schedule wrapped up the first phase of what it says is a major North Sea decommissioning contract for Shell UK. Mermaid announced in June that it had been awarded an engineering, preparation, removal and disposal (EPRD) well head severance (WHS) contract by

about 1 year ago
Cygnus gas field in the southern North Sea; Source: Neptune Energy, which became part of Eni following merger and is now part of enlarged Ithaca Energy
Business & Finance

Ithaca-Eni upstream oil & gas combination gives birth to UK’s ‘largest resource holder’ in North Sea

Eni has fused its upstream assets in the UK, excluding East Irish Sea ones and carbon capture, utilization, and storage (CCUS) activities, with Delek’s Ithaca Energy, a North Sea oil and gas operator and producer.

about 1 year ago
A photo of the vessel MV Kaiyu sailing next to a wind turbine in a port
Business & Finance

Newly established survey company in Japan completes its first contract

Japanese “K” Line Wind Service (KWS) and Singapore-headquartered EGS Survey (EGS) have established a joint venture company specializing in offshore geo-surveys which recently completed its first survey contract for the Happo-Noshiro offshore wind project. At the Happo-Noshiro site(s), located off th

about 1 year ago
$45M public offering to help Kraken Robotics with expansion and acquisitions
Business & Finance

$45M public offering to help Kraken Robotics with expansion and acquisitions

Canada-headquartered marine technology player Kraken Robotics is set to receive a bought deal public offering of $45 million, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others. Kraken Robotics has amended its agreement with Corm

about 1 year ago
NAGA 6 jack-up rig; Source: Velesto Energy
Business & Finance

Another Velesto jack-up rig ready for five more years of drilling ops with SPS out of the way

Velesto Energy has wrapped up the mandatory five-yearly special periodical survey (SPS) for one of its jack-up rigs on time, thus, the rig will go to Sarawak to continue its drilling assignment with an affiliate of the Southeast Asian country’s energy giant Petronas.

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

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 1 year ago
A heat exchanger being loaded onto a ship
Business & Finance

Honeywell wraps up takeover of Air Products’ LNG business

U.S.-based technology firm Honeywell has completed the acquisition of liquefied natural gas (LNG) process technology and equipment business from Air Products, a compatriot industrial gases supplier. The closing conditions for the all-cash transaction, first announced in July, have been fully met wit

about 1 year ago
Installation works wrap up at Wilhelmshaven 2 LNG terminal; Source: Geocean
Business & Finance

With installation ops done, Germany’s new LNG terminal ready for FSRU connection to gas grid (Video)

ECOnnect Energy is nearing the last mile of the installation work related to a jettyless ready IQuay solution for liquefied natural gas (LNG) import to Germany’s second terminal in Wilhelmshaven.

about 1 year ago
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