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Business & Finance

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FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

Prysmian’s ‘first-of-its-kind’ FPSO subsea tie-back system in Brazil saves operator money and time for offshore oil project

Prysmian has provided a solution to a tie-back project in the pre-salt layer off the coast of Brazil, which it describes as a groundbreaking system envisioned to connect fields 30 kilometers (km) away to a floating production, storage, and offloading (FPSO) unit, enabling fast-tracked development of

about 1 year ago
Türkiye's new FPSO destined to work at Black Sea gas field; Source: Türkiye's Ministry of Energy and Natural Resources
Business & Finance

300-meter-long FPSO comes to Türkiye: Twofold increase in Black Sea gas production on the horizon (Photo)

Türkiye has welcomed the arrival of its first-ever floating production, storage, and offloading (FPSO) vessel, which is the same size as three standard football fields put together and will double the gas production from the country’s giant field in the Black Sea, once the unit kicks off its 20-year

about 1 year ago
FPSO P62 on Roncador field; Source: Equinor
Business & Finance

Fresh multimillion-dollar gigs take TechnipFMC to Petrobras’ oil fields in Brazilian waters

TechnipFMC has landed two new subsea assignments with Brazil’s state-owned energy giant Petrobras, allowing it to work on three offshore oil fields in the Brazilian pre-salt area.

about 1 year ago
Fenix platform; Source: Rosetti Marino
Business & Finance

TotalEnergies fires up Argentinian offshore project letting Fenix fuel ‘Land of Fire’ with more gas

TotalEnergies has powered an energy project at an archipelago off the southernmost tip of the South American mainland up with new gas resources by starting production from a field in southern Argentina. This gas project is located 60 km off the coast of Tierra del Fuego, which is interpreted as ‘Lan

about 1 year ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business & Finance

US rolls out largest wave power fund in its history to step up the ocean energy game

The U.S. Department of Energy (U.S. DOE), Water Power Technologies Office (WPTO), has issued a $112.5 million funding call to spur the demonstration of wave energy technologies through open water testing and system validation. The WPTO is set to allocate funding over the next five years to support w

about 1 year ago
AFC Energy launches ammonia cracker subsidiary
Business & Finance

AFC Energy launches ammonia cracker subsidiary

AFC Energy has launched Hyamtec, a wholly-owned subsidiary established to commercialize the company’s next-generation distributed ammonia cracking business.

about 1 year ago
TCP Jumper; Source: Strohm
Business & Finance

McDermott puts Strohm’s ‘ideal solution’ in place at deepwater project offshore Malaysia

Strohm has provided field service support during the subsea installation of its TCP jumpers, which the U.S.-headquartered McDermott carried out from the pallets at a deepwater Sabah project located off the coast of Malaysia.

about 1 year ago
West Capella drillship; Source: Seadrill
Business & Finance

2008-built ultra-deepwater drillship returns to Seadrill’s fold ahead of first foray into South Korea

Seadrill has brought a sixth-generation ultra-deepwater dual-activity drillship back under its management wing before the rig embarks on its first-ever drilling assignment in an East Asian nation on the southern half of the Korean Peninsula.

about 1 year ago
An illustration of a vessel at dock featuring digital technology elements
Business & Finance

Gazocean smartens up LNG tanker fleet with compatriot firm’s digital solution

Gazocean, a French firm specializing in the technical management of liquefied natural gas (LNG) carriers, has selected the Smart Shipping solution developed by Ascenz Marorka, a compatriot GTT Group company, for its six-vessel fleet.

about 1 year ago
An aerial view of a circular offshore platform surrounded by several smaller vessels
Business & Finance

TotalEnergies to supply ‘world’s largest LNG importing country’ with natural gas until 2034

France’s energy giant TotalEnergies has landed a five-year extension of its liquefied natural gas (LNG) sales and purchase agreement (SPA) with Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC).

about 1 year ago
Lake Charles LNG; Source: Energy Transfer
Business & Finance

French-US pair bag over $1 billion for revamp project to bring America’s LNG import terminal new lease on life as large export facilities

Technip Energies and KBR has been put in charge of repurposing a liquefied natural gas (LNG) import and regasification terminal, located on Louisiana’s Gulf Coast, into what has been envisioned to become one of the largest LNG facilities in the United States.

about 1 year ago
NKT construction of the third extrusion tower is soaring to new heights at the Swedish high voltage factory, where the slipform casting of concrete continues towards the final height of 200 meters; So
Business & Finance

NKT hits 100-meter mark for addition to its huge subsea power cable factory

NKT has made inroads in the construction of a new cable extrusion tower for a power cable factory in Karlskrona, Sweden, which is expected to be the world’s largest high-voltage offshore power cable factory after completion.

about 1 year ago
M/V Ross Eagle; Source: Ross Offshore, part of AGR
Business & Finance

‘Major’ refit around the corner for 2003-built vessel with work-class ROV among new enhancements

AGR has disclosed a list of improvement features that will be added to a ship originally built as a platform supply vessel (PSV), which is said to have emerged as a solution to a major energy industry bottleneck – the scarcity of special-purpose ships, with refurbishment work allowing it to sign up

about 1 year ago
New platform for Marjan field; Source: COOEC
Business & Finance

Saipem picks up $2 billion job at huge oil & gas field in Middle East

Saipem has won another such deal for work at an oil and gas field off the coast of Saudi Arabia, which the country’s energy giant Aramco operates.

about 1 year ago
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