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Business & Finance

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Business Developments & ProjectsVesselsExploration & ProductionInfrastructureOperations & MaintenanceOutlook & StrategyProject & TendersCollaborationTechnologyAuthorities & GovernmentEquipmentPorts & LogisticsRegulation & Policy
Thor Axess HSM
Business & Finance

Axess wins cable work on Denmark’s largest offshore wind farm

Axess Technologies has secured a cable installation contract with HSM Offshore Energy for the Thor offshore wind farm located off the Danish west coast. The scope of work includes project management, engineering, pulling, terminating, and testing the internal platform cables into the Thor offshore s

about 1 year ago
A vessel at sea
Business & Finance

Swiss player getting its first LNG carrier in 2027

Swiss-based MET Group has closed a deal with Danish shipowner Celsius for one liquefied natural gas (LNG) vessel, to be built by China Merchants Heavy Industry-Jiangsu.

about 1 year ago
COSL Innovator rig; Source: COSL
Business & Finance

COSL rig moving to next well on its drilling agenda as UK oil & gas player gears up to bring online previous one

Serica Energy is setting the stage to start production from a recently drilled well in the UK sector of the North Sea.

about 1 year ago
Energinet finds contractor for replacement of cables connecting Denmark and Sweden
Business & Finance

Energinet finds contractor for replacement of cables connecting Denmark and Sweden

Danish national transmission system operator (TSO) Energinet has selected a contractor to undertake the replacement of an outdated submarine cable that passes across Øresund connecting Denmark and Sweden. Together with Swedish TSO Kraftnät, Energinet owns and operates four Øresund links that connect

about 1 year ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business & Finance

Subsea data provider joins upcoming SeaRAY ocean energy system demonstration

U.S.-based Tiburon Subsea, a subsea data collection and delivery provider, has joined fellow U.S. marine energy company C-Power’s partner engagement and co-development (PEC) program to handle subsea data collection for the upcoming SeaRAY ocean energy system demonstration. The two companies will col

about 1 year ago
A floating, production, storage and offloading unit
Business & Finance

Brazil sees monthly increase in oil & gas production, with lion’s share coming from Petrobras’ offshore fields

The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

about 1 year ago
Norwegian energy giant hires compatriot firm for subsurface support
Business & Finance

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 1 year ago
Laguna Star drillship; Source: Constellation
Business & Finance

As drillship gets ready for its Brazilian gig with Petrobras, $500 million lands on Hanwha Drilling’s backlog

Hanwha Drilling, part of South Korea’s Hanwha Group, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work at the coast of Brazil for the South American country’s energy giant Petrobras.

about 1 year ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Business & Finance

TotalEnergies greenlights ‘historic’ $10.5 billion oil project, enabling new dawn to break over Suriname’s economy (Video)

TotalEnergies has kept its word by reaching a final investment decision (FID) for a giant oil project in Block 58 off the coast of Suriname before the year-end, as promised. With the construction and installation phases estimated to take approximately four years, the first oil is anticipated in 2028

about 1 year ago
Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing
Business & Finance

Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing

In a major strategic realignment, UK-based midstream LNG & BioLNG company Avenir LNG has revealed its intent to divest from the HIGAS LNG storage terminal in Sardinia, Italy, as part of a shift to ‘exclusively’ focus on providing ‘efficient and sustainable’ small-scale liquefied natural gas (LNG) su

about 1 year ago
Two large vessels at sea surrounded by four smaller ones
Business & Finance

First LNG cargo from floating terminal offshore Mexico sets sail for Europe (Video)

U.S. energy infrastructure player New Fortress Energy (NFE) has reached another milestone at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico with first full cargo and sail away.

about 1 year ago
US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland
Business & Finance

US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland

The U.S. Department of Energy (DOE) has granted $2.5 million for the development and demonstration of advances in fuel cell technology at the Port of Oakland.

about 1 year ago
A jack-up rig offshore
Business & Finance

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 1 year ago
A large group of people standing in front of a vessel
Business & Finance

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
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